secwatch.observer — SEC 8-K summary
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Issuer:     NNN REIT, INC. (NNN)
CIK:        0000751364
Form:       8-K
Filed at:   2026-04-30T23:59:59+00:00
Accession:  0001193125-26-194205
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/751364/000119312526194205/0001193125-26-194205-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/751364/000119312526194205/nnn-20260430.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-194205

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