Q1 2024 FFO per share up 3.8% YoY; AFFO per share up 2.4%

NNN REIT, INC.

2024-Q1 EPS reported $0.52 revenue$215,407,000

Revenues $215.4M, net earnings $94.4M ($0.52/shr) vs $90.2M ($0.50) a year ago.
FFO per share $0.83 ($151.3M), Core FFO $0.83, AFFO $0.84 – all YoY increases.
Occupancy 99.4%; weighted avg remaining lease term 10.0 years.
Invested $124.5M in 20 properties at 8.0% initial cash cap rate; sold 6 properties for $18.5M ($4.8M gains).
Issued 519,494 common shares for $21.5M net proceeds.

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. reported the quarter ended March 31, 2024 results: revenue $ 215,407, net income $ 94,371, EPS $ 0.52.

Period: the quarter ended March 31, 2024
Revenue: $ 215,407
Net income: $ 94,371
EPS: $ 0.52
Result: reported results

Exact text from the filing

Revenues $ 215,407 $ 204,108 Net earnings $ 94,371 $ 90,167 Net earnings per share $ 0.52 $ 0.50

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379 earnings releases filed in the last 30 days. Browse all earnings releases →

NNN REIT, INC. filing history →

Source: SEC EDGAR

accession 0000950170-24-050912

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