Earnings summaries and quarterly performance for NNN REIT.
Executive leadership at NNN REIT.
Stephen A. Horn, Jr.
Detailed
President and Chief Executive Officer
CEO
GM
Gina M. Steffens
Detailed
Executive Vice President, General Counsel and Secretary
JA
Jonathan A. Adamo
Detailed
Executive Vice President, Portfolio Operations
JP
Joshua P. Lewis
Detailed
Executive Vice President, Chief Investment Officer
ML
Michelle L. Miller
Detailed
Executive Vice President and Chief Accounting and Technology Officer
VH
Vincent H. Chao
Detailed
Executive Vice President, Chief Financial Officer, Assistant Secretary and Treasurer
Board of directors at 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 +34 more
RK
Ronald Kamdem
Morgan Stanley
4 questions for NNN
Also covers: AAT, ADC, AHR +37 more
SA
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
LY
Linda Yu Tsai
Jefferies Financial Group Inc.
2 questions for NNN
Also covers: ADC, AKR, BRX +11 more
OO
Omotayo Okusanya
Deutsche Bank AG
2 questions for NNN
Also covers: AMH, ARE, AVB +42 more
Rich Hightower
Barclays
2 questions for NNN
Also covers: ADC, AMH, AVB +19 more
SR
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
FG
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
JD
Joshua Dennerlein
BofA Securities
1 question for NNN
Also covers: AHR, AMH, ARE +19 more
MF
Matis Farges
Citigroup
1 question for NNN
Nick Joseph
Citigroup Inc.
1 question for NNN
Also covers: ADC, AIV, ARE +13 more
RM
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
SG
Spenser Glimcher
Green Street Advisors, LLC
1 question for NNN
Also covers: ADC, CUBE, EPR +3 more
WG
Wesley Golladay
Robert W. Baird & Co.
1 question for NNN
Also covers: ADC, AHR, ARE +23 more
WJ
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, Inc. Enters into New Term Loan Agreement and Amends Revolving Credit Facility
NNN
Debt Issuance
- NNN REIT, Inc. entered into a Term Loan Agreement on December 17, 2025, providing $300 million of senior unsecured borrowing capacity with an accordion option to increase the aggregate facility size to up to $500 million.
- The Term Loan has a maturity date of February 15, 2029, and borrowings will bear interest at SOFR plus an applicable margin of 0.85% based on the company's current credit ratings.
- To manage interest rate exposure, the company entered into forward starting swaps totaling $200 million that fix SOFR at 3.22% through January 15, 2029.
- The proceeds from the Term Loan are expected to be used for general corporate purposes, and no funds have been drawn to date.
- Additionally, on December 17, 2025, NNN REIT, Inc. amended its Revolving Credit Agreement to remove the 10 basis point SOFR credit spread adjustment.
Dec 17, 2025, 10:03 PM
NNN REIT Announces New $300 Million Term Loan
NNN
Debt Issuance
New Projects/Investments
Dividends
- NNN REIT, Inc. closed a $300 million senior unsecured delayed draw term loan facility with an accordion option to increase the aggregate facility size to up to $500 million.
- The Term Loan matures on February 15, 2029, with two one-year extension options, and has an applicable margin of 0.85% based on current credit ratings.
- The company entered into forward starting swaps totaling $200 million that fix SOFR at 3.22% through January 15, 2029, and amended its existing $1.2 billion senior unsecured revolving credit facility.
- Future proceeds from the Term Loan are expected to be used for general corporate purposes, enhancing financial flexibility and supporting NNN's long-term growth strategy and 36-year track record of consecutive annual dividend increases.
Dec 17, 2025, 10:00 PM
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
Quarterly earnings call transcripts for NNN REIT.
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