secwatch.observer — SEC 8-K summary
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Issuer:     NNN REIT, INC. (NNN)
CIK:        0000751364
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0000950170-25-102425
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751364/000095017025102425/0000950170-25-102425-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751364/000095017025102425/nnn-20250805.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-102425

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