{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-061453","form_type":"8-K","ticker":"NNN","cik":"0000751364","company_name":"NNN REIT, INC.","filed_at":"2025-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.154087+00:00","generated_at":"2026-05-23T01:27:03.394093+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"NNN REIT Q1 net earnings $0.51 per share; Core FFO up 3.6% to $0.86","bullets":["Net earnings $96.5M ($0.51/diluted share) vs $94.4M ($0.52) a year ago.","Core FFO per share $0.86, AFFO per share $0.87, each up 3.6% YoY.","Closed $232.4M in investments at 7.4% cap rate, 40% of 2025 plan midpoint.","Occupancy 97.7% (near 20-yr avg 98.2%); eviction of 64 restaurant properties completed.","Maintains 2025 guidance: Core FFO $3.33-$3.38, AFFO $3.39-$3.44 per share."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-061453","json":"https://secwatch.observer/filing/0000950170-25-061453.json","markdown":"https://secwatch.observer/filing/0000950170-25-061453.md","text":"https://secwatch.observer/filing/0000950170-25-061453.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/751364/000095017025061453/0000950170-25-061453-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/751364/000095017025061453/nnn-20250501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T01:27:03.394093+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}