secwatch.observer — SEC 8-K summary
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Issuer:     NNN REIT, INC. (NNN)
CIK:        0000751364
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0000950170-24-012539
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751364/000095017024012539/0000950170-24-012539-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751364/000095017024012539/nnn-20240208.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-012539

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