NNN REIT Q1 AFFO $0.87/sh; raises 2026 AFFO guidance to $3.53-$3.59

NNN REIT, INC.

Q1 net earnings $0.50/diluted share; AFFO $0.87/diluted share, flat versus prior year.
Portfolio occupancy rose to 98.6% (up 90 bps YoY); ABR increased 6.9% to $934.6M.
Invested $145.4M at 7.5% cap rate; sold 25 properties for $35.8M.
Drew down $300M term loan, fully hedged at 4.10% fixed rate; $1.2B liquidity.
Raised 2026 AFFO guidance to $3.53-$3.59 (from $3.52-$3.58); Core FFO to $3.48-$3.54.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NNN REIT, INC. reported the quarter ended March 31, 2026 results: revenue $240,424, net income $93,951, EPS $0.50 per diluted share. Guidance raised.

Period: the quarter ended March 31, 2026
Revenue: $240,424
Net income: $93,951
EPS: $0.50 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

and sustainable per-share growth year after year." 1 FINANCIAL RESULTS Quarter Ended March 31, (dollars in thousands, except per diluted share data) 2026 2025 Revenues $ 240,424 $ 230,854 Net earnings $ 93,951 $ 96,458 Net earnings per share $ 0.50 $ 0.51 FFO $ 163,150 $ 158,734 FFO per share $ 0.86 $ 0.85 Core FFO $ 163,584 $ 160,907 Core FFO per share $

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Source: SEC EDGAR

accession 0001193125-26-194205

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