NNN REIT Q3 FFO per share up 3.7% to $0.84; narrows 2024 Core FFO guidance to $3.28-$3.32

NNN REIT, INC.

2024-Q3 EPS reported $1.63 revenue$650,784,000

Q3 revenue $218.6M (+6.5% YoY); net earnings $0.53/share vs $0.59 prior.
FFO per share $0.84 (+3.7% YoY); AFFO per share $0.84 (+2.4% YoY).
Acquired 8 properties for $113.6M at 7.6% cap rate; occupancy 99.3%.
Raised $178.9M in equity; issued $500M 5.5% senior notes due 2034.
2024 Core FFO guidance narrowed to $3.28-$3.32; AFFO estimated $3.31-$3.35.

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