secwatch.observer — SEC 8-K summary
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Issuer:     NNN REIT, INC. (NNN)
CIK:        0000751364
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000950170-23-057141
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751364/000095017023057141/0000950170-23-057141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751364/000095017023057141/nnn-20231101.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-057141

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer