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

NNN REIT Q2 revenue rises to $226.8 million; 2025 Core FFO guidance raised

Mixed Impact 4 of 5 earnings Written later

NNN REIT reported second quarter 2025 revenue of $226.8 million, up from $216.8 million a year earlier, and diluted net earnings of $0.54 per share, down from $0.58. Core FFO per share rose to $0.84 from $0.83, and the company raised its 2025 Core FFO and AFFO per share guidance, though its net earnings per share guidance (excluding certain gains, impairments and severance costs) was lowered. Shareholders get higher operating-based per-share measures and a 3.4% dividend increase, but lower reported GAAP earnings per share.

Key points

  • Q2 2025 revenue $226.8 million vs. $216.8 million in Q2 2024; diluted net earnings $0.54 per share vs. $0.58
  • Q2 2025 Core FFO per share $0.84 (vs. $0.83) and AFFO per share $0.85 (vs. $0.84)
  • 2025 Core FFO per share guidance raised to $3.34-$3.39 from $3.33-$3.38; net earnings per share guidance lowered to $1.93-$1.98 from $1.97-$2.02
  • Third quarter 2025 dividend raised 3.4% to $0.60 per share, the 36th consecutive annual increase

The filing

CompanyNNN Reit (NNN)
Form8-K, current report
Filed with the SECAug 5, 2025, 8:31 AM ET
Accession number0000950170-25-102425

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 August 05, 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.