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AI brief of an SEC Form 8-K · NNN Reit (NNN)

NNN REIT 2024 revenue rises to $869.3 million; 2025 Core FFO guidance $3.33-$3.38

Positive Impact 3 of 5 earnings Written later

NNN REIT reported results for the fourth quarter and full year ended December 31, 2024, with full-year revenue of $869.3 million, up from $828.1 million, and full-year Core FFO of $3.32 per share, up from $3.26. It also issued 2025 guidance of $3.33 to $3.38 per share for Core FFO, above the 2024 level, while full-year diluted net earnings per share edged down to $2.15 from $2.16.

Key points

  • Full-year 2024 revenue was $869.3 million versus $828.1 million in 2023; full-year diluted net earnings per share were $2.15 versus $2.16.
  • Fourth-quarter 2024 revenue was $218.5 million versus $216.2 million, and diluted net earnings per share were $0.52 versus $0.53.
  • 2025 guidance: Core FFO of $3.33 to $3.38 per share and AFFO of $3.39 to $3.44 per share; acquisition volume of $500 to $600 million.
  • Occupancy was 98.5% at December 31, 2024, and the annual dividend per share was increased to $2.29.

The filing

CompanyNNN Reit (NNN)
Form8-K, current report
Filed with the SECFeb 11, 2025, 8:30 AM ET
Accession number0000950170-25-017471

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 11, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.