secwatch.observer — SEC 8-K summary
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Issuer:     NNN REIT, INC. (NNN)
CIK:        0000751364
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000950170-24-088970
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NNN REIT Q2 FFO per share up 3.8% YoY; raises 2024 Core FFO guidance; dividend increased 3%
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- Q2 FFO per share $0.83 vs $0.80 (+3.8%); AFFO per share $0.84 (+5.0% YoY).
- Revenues $216.8M, net earnings $106.7M ($0.58 EPS) vs $98.7M in prior year.
- Occupancy 99.3%, acquired 16 properties for $110.5M at 7.9% cash cap rate.
- 2024 Core FFO guidance raised to $3.27-$3.33 from $3.25-$3.31 per share.
- Dividend increased to $0.58/share in July; 35th consecutive annual increase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751364/000095017024088970/0000950170-24-088970-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751364/000095017024088970/nnn-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-088970

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