---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-057141"
form_type: "8-K"
ticker: "NNN"
cik: "0000751364"
company_name: "NNN REIT, INC."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T03:33:46.149585+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-057141
- form_type: 8-K
- ticker: NNN
- cik: 0000751364
- company_name: NNN REIT, INC.
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/751364/000095017023057141/0000950170-23-057141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/751364/000095017023057141/nnn-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-057141
- JSON: https://secwatch.observer/filing/0000950170-23-057141.json
- Plain text: https://secwatch.observer/filing/0000950170-23-057141.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/751364/000095017023057141/0000950170-23-057141-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.