secwatch.observer — SEC 8-K summary
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Issuer:     NNN REIT, INC. (NNN)
CIK:        0000751364
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000950170-24-050912
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751364/000095017024050912/0000950170-24-050912-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751364/000095017024050912/nnn-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-050912

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