{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-194205","form_type":"8-K","ticker":"NNN","cik":"0000751364","company_name":"NNN REIT, INC.","filed_at":"2026-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.702264+00:00","generated_at":"2026-05-15T01:20:24.660007+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"NNN REIT Q1 AFFO $0.87/sh; raises 2026 AFFO guidance to $3.53-$3.59","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-194205","json":"https://secwatch.observer/filing/0001193125-26-194205.json","markdown":"https://secwatch.observer/filing/0001193125-26-194205.md","text":"https://secwatch.observer/filing/0001193125-26-194205.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/751364/000119312526194205/0001193125-26-194205-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/751364/000119312526194205/nnn-20260430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T01:20:24.660007+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"280213edf48963f7281e40ae3f17670bbf60cb1e","claim":"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.","evidence_excerpt":"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 $","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/751364/000119312526194205/0001193125-26-194205-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2026"},{"label":"Revenue","value":"$240,424"},{"label":"Net income","value":"$93,951"},{"label":"EPS","value":"$0.50 per diluted share"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}