earnings
confidence high
sentiment positive
materiality 0.80
NNN REIT posts Q3 2025 Core FFO $0.85, AFFO $0.86; raises full-year guidance
NNN REIT, INC.
2025-Q3 EPS
reported $1.56
vs consensus $0.48
▲ beat
(+222.9%)
- Net earnings $0.51 per diluted share, down from $0.53 in Q3 2024.
- Core FFO per share $0.85 (+1.2% YoY); AFFO per share $0.86 (+2.4% YoY).
- Acquired $283M in Q3 at 7.3% cap rate; YTD volume $748M exceeds prior high-end guidance.
- Raises 2025 Core FFO guidance to $3.36-$3.40 and AFFO to $3.41-$3.45.
- Quarterly dividend $0.60 (+3.4% YoY); balance sheet 5.6x net debt/EBITDA with $1.4B liquidity.