NNN REIT Q3 FFO per share $0.81 (+2.5% YoY); raises 2023 Core FFO guidance to $3.19-$3.23

NNN REIT, INC.

2023-Q3 EPS reported $1.63 revenue$611,880,000

Revenue $205.1M (+6.0% YoY); net earnings $106.8M ($0.59 per share).
Core FFO $0.81 per share; AFFO $0.82 per share (+1.2% YoY).
Acquired 46 properties for $212.5M at 7.4% cash cap rate; sold 13 for $49.0M at 6.0% cap rate.
Occupancy 99.2% with 10.1-year weighted average lease term; issued $500M 5.600% notes due 2033.
2023 Core FFO guidance raised to $3.19-$3.23 per share; AFFO forecast $3.22-$3.26.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NNN REIT, INC. reported the quarter and nine months ended September 30, 2023 results: revenue $205,132, net income $106,787, EPS $0.59. Guidance raised.

Period: the quarter and nine months ended September 30, 2023
Revenue: $205,132
Net income: $106,787
EPS: $0.59
Guidance: raised
Result: reported results

Exact text from the filing

and diluted per share amounts: Quarter Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (dollars in thousands, except per share data) Revenues $ 205,132 $ 193,471 $ 611,880 $ 574,533 Net earnings available to common stockholders $ 106,787 $ 88,421 $ 295,658 $ 243,964 Net earnings per common share $ 0.59 $ 0.50 $ 1.63 $ 1.38 FFO

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168 earnings releases filed in the last 30 days. Browse all earnings releases →

NNN REIT, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-057141

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