NNN REIT reports Q4 Core FFO $0.85, raises dividend to $2.23 for 34th consecutive year

NNN REIT, INC.

2023-FY EPS reported $2.16 revenue$828,111,000

Q4 2023 Core FFO $0.85/share ($0.82 excl one-time accrual); full-year Core FFO $3.26, up 3.8% YoY.
Annual dividend raised to $2.23/share, marking 34th consecutive annual increase.
FY2024 Core FFO guidance $3.25-$3.31/share; AFFO guidance $3.29-$3.35/share.
Year-end occupancy 99.5%; $819.7M invested in 165 properties at 7.3% initial cap rate.
$500M senior notes due 2033 issued at 5.600% to fund investments.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NNN REIT, INC. updated its quarter and year ended December 31, 2023 guidance (initiated).

Period: quarter and year ended December 31, 2023
Guidance: initiated
Result: reported results

Exact text from the filing

On February 8, 2024, NNN REIT, Inc. (the "Company"), issued a press release announcing its results of operations and financial condition for the quarter and year ended December 31, 2023.

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Source: SEC EDGAR

accession 0000950170-24-012539

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