secwatch.observer — SEC 8-K summary
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Issuer:     NNN REIT, INC. (NNN)
CIK:        0000751364
Form:       8-K
Filed at:   2026-02-11T23:59:59+00:00
Accession:  0001193125-26-045612
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NNN REIT 2025 AFFO $3.44 (+2.7% YoY); guides 2026 AFFO $3.52-$3.58
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- Net earnings $2.07/diluted share vs $2.15 in 2024; Core FFO $3.41, AFFO $3.44 per share.
- Revenue $926.2M, up 6.6% YoY; portfolio occupancy 98.3% (+80bps vs Q3 2025).
- 2025 acquisitions $931M at 7.4% cap rate; 2026 guidance for $550-$650M in acquisitions.
- Quarterly dividend raised to $0.60 ($2.40 annual), marking 36th consecutive annual increase.
- 2026 AFFO guidance $3.52-$3.58 per share; net debt/EBITDAre 5.6x, fixed charge 4.1x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751364/000119312526045612/0001193125-26-045612-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751364/000119312526045612/nnn-20260211.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-045612

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