secwatch.observer — SEC 8-K summary
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Issuer:     NNN REIT, INC. (NNN)
CIK:        0000751364
Form:       8-K
Filed at:   2025-11-04T23:59:59+00:00
Accession:  0001193125-25-263635
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NNN REIT posts Q3 2025 Core FFO $0.85, AFFO $0.86; raises full-year guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751364/000119312525263635/0001193125-25-263635-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751364/000119312525263635/nnn-20251104.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-263635

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