secwatch.observer — SEC 8-K summary
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Issuer:     NNN REIT, INC. (NNN)
CIK:        0000751364
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000950170-24-119257
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751364/000095017024119257/0000950170-24-119257-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751364/000095017024119257/nnn-20241031.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-119257

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