---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-012539"
form_type: "8-K"
ticker: "NNN"
cik: "0000751364"
company_name: "NNN REIT, INC."
filed_at: "2024-02-08T23:59:59+00:00"
generated_at: "2026-06-06T06:04:56.521224+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-012539
- form_type: 8-K
- ticker: NNN
- cik: 0000751364
- company_name: NNN REIT, INC.
- filed_at: 2024-02-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/751364/000095017024012539/0000950170-24-012539-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/751364/000095017024012539/nnn-20240208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-012539
- JSON: https://secwatch.observer/filing/0000950170-24-012539.json
- Plain text: https://secwatch.observer/filing/0000950170-24-012539.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/751364/000095017024012539/0000950170-24-012539-index.htm

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