NNN REIT Q1 2025 Core FFO rises 3.6% to $0.86 per share; guidance maintained
NNN REIT reported first quarter 2025 results on May 1, 2025, with revenues of $230.9 million, up from $215.4 million a year earlier. Core FFO per share rose to $0.86 from $0.83, while diluted net earnings per share slipped to $0.51 from $0.52. The company kept its 2025 guidance, including Core FFO of $3.33 to $3.38 per share.
Key points
- Revenues were $230.9 million for the quarter ended March 31, 2025, compared with $215.4 million a year earlier.
- Diluted net earnings per share were $0.51, versus $0.52 in the first quarter of 2024; Core FFO per share was $0.86, versus $0.83.
- Occupancy was 97.7% as of March 31, 2025, down from 99.4% a year earlier.
- 2025 guidance was maintained, with Core FFO per share of $3.33 to $3.38 and a quarterly dividend of $0.58 per share.
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing 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 May 01, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.