---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-102425"
form_type: "8-K"
ticker: "NNN"
cik: "0000751364"
company_name: "NNN REIT, INC."
filed_at: "2025-08-05T23:59:59+00:00"
generated_at: "2026-05-17T21:10:24.157285+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NNN REIT Q2 Core FFO $0.84, ups dividend 3.4%, raises 2025 guidance

## Summary
- Net earnings $0.54/diluted share; Core FFO $0.84, AFFO $0.85 (up 1.2% YoY).
- Acquired $232.5M in Q2 (7.4% cap rate); H1 total $464.9M, 85% of initial plan midpoint.
- Post-quarter issued $500M 4.600% notes due 2031; pro forma liquidity $1.4B, no floating-rate debt.
- Quarterly dividend raised 3.4% to $0.60/share (36th consecutive annual increase).
- 2025 Core FFO guidance raised to $3.34-$3.39; acquisition guidance raised to $600-700M.

## SEC filing metadata
- accession: 0000950170-25-102425
- form_type: 8-K
- ticker: NNN
- cik: 0000751364
- company_name: NNN REIT, INC.
- filed_at: 2025-08-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/751364/000095017025102425/0000950170-25-102425-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/751364/000095017025102425/nnn-20250805.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-102425
- JSON: https://secwatch.observer/filing/0000950170-25-102425.json
- Plain text: https://secwatch.observer/filing/0000950170-25-102425.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.