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

NNN REIT 2025 Core FFO per share rises 2.7% to $3.41; net EPS falls to $2.07

Mixed Impact 3 of 5 earnings Written later

NNN REIT reported fourth-quarter and full-year 2025 results and initial 2026 guidance. Full-year revenue rose to $926.2 million from $869.3 million and Core FFO per diluted share rose to $3.41 from $3.32, but GAAP net earnings per diluted share fell to $2.07 from $2.15. The company guided 2026 AFFO per share to $3.52 to $3.58, which it says is a 3.2% increase at the midpoint over the prior year.

Key points

Full-year 2025 revenue was $926.2 million, up from $869.3 million in 2024; fourth-quarter revenue was $238.4 million, up from $218.5 million.
Full-year 2025 net earnings per diluted share were $2.07, down from $2.15; fourth-quarter net earnings per diluted share were $0.51, down from $0.52.
Full-year 2025 Core FFO per diluted share was $3.41 versus $3.32, and AFFO per diluted share was $3.44 versus $3.35.
Initial 2026 guidance: Core FFO per share $3.47 to $3.53 and AFFO per share $3.52 to $3.58.

The filing

CompanyNNN Reit (NNN)

Form8-K, current report

Filed with the SECFeb 11, 2026, 8:31 AM ET

Accession number0001193125-26-045612

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 February 11, 2026.

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.