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NNN REIT (NNN)

Earnings summaries and quarterly performance for NNN REIT.

Research analysts who have asked questions during NNN REIT earnings calls.

John Massocca

B. Riley Financial

4 questions for NNN

Also covers: BEEP, CMCT, CTO +13 more

Michael Goldsmith

UBS

4 questions for NNN

Also covers: ADC, AHR, AMH +33 more

Ronald Kamdem

Morgan Stanley

4 questions for NNN

Also covers: AAT, ADC, AHR +36 more

Spenser Allaway

Green Street

3 questions for NNN

Also covers: ADC, BNL, CUBE +6 more

John Kilichowski

Wells Fargo & Company

2 questions for NNN

Also covers: ADC, CTRE, EPRT +15 more

Linda Tsai

Jefferies

2 questions for NNN

Also covers: ADC, AKR, AMH +31 more

Linda Yu Tsai

Jefferies Financial Group Inc.

2 questions for NNN

Also covers: ADC, AKR, BRX +11 more

Omotayo Okusanya

Deutsche Bank AG

2 questions for NNN

Also covers: AMH, ARE, BDN +40 more

Rich Hightower

Barclays

2 questions for NNN

Also covers: ADC, AMH, AVB +18 more

Smedes Rose

Citigroup

2 questions for NNN

Also covers: ADC, DRH, EPR +16 more

Alec Feygin

Robert W. Baird & Co. Incorporated

1 question for NNN

Also covers: CTRE, FCPT, GMRE +6 more

Brad Heffern

RBC Capital Markets

1 question for NNN

Also covers: ADC, AMH, AVB +15 more

Farrell Granath

Bank of America

1 question for NNN

Also covers: ADC, AHR, ARE +13 more

Jeffrey Spector

BofA Securities

1 question for NNN

Also covers: AKR, AMH, AVB +25 more

Joshua Dennerlein

BofA Securities

1 question for NNN

Also covers: AHR, AMH, ARE +18 more

Matis Farges

Citigroup

1 question for NNN

Nick Joseph

Citigroup Inc.

1 question for NNN

Also covers: ADC, AIV, ARE +12 more

R.J. Milligan

Raymond James

1 question for NNN

Also covers: ADC, CTO, FCPT +5 more

Robert Stevenson

Janney Montgomery Scott LLC

1 question for NNN

Also covers: ADC, AHH, AIV +17 more

Spenser Glimcher

Green Street Advisors, LLC

1 question for NNN

Also covers: ADC, CUBE, EPR +3 more

Wesley Golladay

Robert W. Baird & Co.

1 question for NNN

Also covers: ADC, AHR, ARE +23 more

William John Kilichowski

Wells Fargo

1 question for NNN

Also covers: ADC, CTRE, EPR +14 more

Recent press releases and 8-K filings for NNN.

NNN REIT Reports Strong Q3 2025 Performance and Raises Full-Year Guidance
NNN
Earnings
Guidance Update
Debt Issuance
  • NNN reported Core FFO of $0.85 per share and AFFO of $0.86 per share for the third quarter of 2025.
  • The company raised its 2025 guidance for Core FFO per share to a range of $3.36-$3.40 and AFFO per share to $3.41-$3.45.
  • NNN increased its 2025 acquisition volume guidance to a midpoint of $900 million, which would be an all-time high for the company, and raised its disposition outlook to $170 million-$200 million.
  • Occupancy temporarily decreased to 97.5% as of September 30th due to a restaurant operator issue but is expected to exceed 98% by year-end.
  • The company maintained a strong balance sheet with $1.4 billion in total availability and an industry-leading average debt maturity of nearly 11 years.
Nov 4, 2025, 3:30 PM
NNN REIT Announces Q3 2025 Results
NNN
Earnings
Dividends
New Projects/Investments
  • NNN REIT reported Core FFO per diluted share of $0.85, a 1.2% increase, and AFFO per diluted share of $0.86, a 2.4% increase, over prior-year results for Q3 2025.
  • The company closed on $283.0 million of investments in Q3 2025 at an initial cash cap rate of 7.3% and a weighted average lease term of 17.8 years, contributing to $748.0 million in investments for the nine months ended September 30, 2025.
  • NNN REIT paid a $0.60 quarterly dividend in Q3 2025, representing a 3.4% increase in the quarterly dividend rate and its 36th consecutive annual dividend increase. As of September 30, 2025, the company maintained $1.4 billion of total available liquidity and a weighted average debt maturity of 10.7 years.
Nov 4, 2025, 3:30 PM
NNN REIT, Inc. Announces Strong Q3 2025 Results and Increased 2025 Guidance
NNN
Earnings
Guidance Update
New Projects/Investments
  • NNN REIT, Inc. reported net earnings of $0.51 per diluted share for Q3 2025, with Core FFO and AFFO per diluted share growing by 1.2% to $0.85 and 2.4% to $0.86, respectively, over prior-year results.
  • The company increased its 2025 guidance for Core FFO per share to a new range of $3.36 to $3.40 and AFFO per share to $3.41 to $3.45.
  • NNN closed on $283.0 million of investments in Q3 2025 at an initial cash cap rate of 7.3%, bringing year-to-date investments to $748.0 million, exceeding the high end of previously provided guidance.
  • A $0.60 quarterly dividend was declared, representing a 3.4% increase over the prior quarterly dividend rate.
  • As of September 30, 2025, NNN maintained $1.4 billion of total available liquidity and a weighted average debt maturity of 10.7 years.
Nov 4, 2025, 1:30 PM
NNN REIT, Inc. Announces Strong Q3 2025 Results and Increased 2025 Guidance
NNN
Earnings
Guidance Update
New Projects/Investments
  • NNN REIT reported Q3 2025 net earnings of $0.51 per diluted share, with Core FFO and AFFO per diluted share growing by 1.2% to $0.85 and 2.4% to $0.86, respectively, over prior-year results.
  • The company closed on $283.0 million of investments in Q3 2025 at an initial cash cap rate of 7.3%, bringing year-to-date investments to $748.0 million.
  • NNN REIT increased its 2025 Core FFO per share guidance to a new range of $3.36 to $3.40 and AFFO per share guidance to $3.41 to $3.45.
  • The company also raised its 2025 acquisition volume guidance to $850 to $950 million and disposition volume guidance to $170 to $200 million.
  • NNN REIT maintained strong balance sheet flexibility with $1.4 billion of total available liquidity and a sector-leading weighted average debt maturity of 10.7 years as of September 30, 2025.
Nov 4, 2025, 1:30 PM
VENU Launches National Ad Campaign for Luxe FireSuites
NNN
New Projects/Investments
Guidance Update
Product Launch
  • VENU launched a national advertising campaign from October 15th through November 15th to promote its triple-net (NNN) Luxe FireSuite ownership program.
  • This program offers qualified investors income-producing real estate assets with an anticipated 11% cap rate.
  • The campaign highlights Luxe FireSuite opportunities in upcoming venues in Tulsa, Oklahoma; McKinney, Texas; and El Paso, Texas, with a combined inventory of $334 million, of which $163 million (49%) has already been sold.
  • VENU reported 250% year-over-year sales growth for its ownership programs, from $22.2 million in fiscal 2023 to $77.7 million in fiscal 2024, and anticipates at least 100% growth in 2025.
Oct 21, 2025, 12:00 PM