secwatch.observer — SEC 8-K summary
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Issuer:     NNN REIT, INC. (NNN)
CIK:        0000751364
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0000950170-25-061453
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NNN REIT Q1 net earnings $0.51 per share; Core FFO up 3.6% to $0.86
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751364/000095017025061453/0000950170-25-061453-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751364/000095017025061453/nnn-20250501.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-061453

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