---
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"
generated_at: "2026-05-15T01:20:24.660007+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-194205
- JSON: https://secwatch.observer/filing/0001193125-26-194205.json
- Plain text: https://secwatch.observer/filing/0001193125-26-194205.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/751364/000119312526194205/0001193125-26-194205-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.