---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-050912"
form_type: "8-K"
ticker: "NNN"
cik: "0000751364"
company_name: "NNN REIT, INC."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:31:57.311204+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-050912
- form_type: 8-K
- ticker: NNN
- cik: 0000751364
- company_name: NNN REIT, INC.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/751364/000095017024050912/0000950170-24-050912-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/751364/000095017024050912/nnn-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-050912
- JSON: https://secwatch.observer/filing/0000950170-24-050912.json
- Plain text: https://secwatch.observer/filing/0000950170-24-050912.txt

## Key facts
- Earnings Releases
  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
  source text: Revenues $ 215,407 $ 204,108 Net earnings $ 94,371 $ 90,167 Net earnings per share $ 0.52 $ 0.50
  evidence_url: https://www.sec.gov/Archives/edgar/data/751364/000095017024050912/0000950170-24-050912-index.htm

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