NNN REIT Inc. reported net earnings of $96.8 million, or $0.51 per diluted share, for the third quarter ended September 30, 2025, compared to $97.9 million, or $0.53 per share, for the same period in 2024. Revenues for the quarter were $230.2 million, up from $218.6 million in the prior year. Funds from operations (FFO) for the quarter were $158.7 million, or $0.84 per share, compared to $154.2 million, or $0.84 per share, in the third quarter of 2024. Core FFO per share grew 1.2% year-over-year, while AFFO per share increased by 2.4% to $0.86. Average base rent increased by 7.2% over the prior year. The company closed $283.0 million in real estate investments during the quarter, with a year-to-date total of $748.0 million, surpassing prior guidance. For 2025, guidance for Core FFO per share was raised to a range of $3.36 to $3.40, and AFFO per share to $3.41 to $3.45. Acquisition volume guidance was increased to $850 to $950 million, and disposition volume guidance to $170 to $200 million.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NNN REIT Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: FL12894) on November 04, 2025, and is solely responsible for the information contained therein.
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