Overview

* NNN REIT Q2 2025 revenue beats analyst expectations, per LSEG data

* Grew Core FFO and AFFO per diluted share by 1.2% over prior year results, to $0.84 and $0.85, respectively

* Company raises 2025 acquisition volume guidance by $100 mln

Outlook

* NNN REIT ( NNN ) raises 2025 Core FFO guidance to $3.34-$3.39 per share

* Company increases 2025 AFFO guidance to $3.40-$3.45 per share

* NNN REIT ( NNN ) ups 2025 acquisition volume guidance to $600-$700 mln

* Company raises 2025 disposition volume guidance to $120-$150 mln

Result Drivers

* ABR INCREASE - Co reports 6.7% rise in Annualized Base Rent over prior year results

* INVESTMENTS - Closed $232.5 mln of investments at a 7.4% cash cap rate, contributing to growth

* BALANCE SHEET FLEXIBILITY - Issued $500 mln in senior unsecured notes, repaid revolving credit

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $226.80 $223.30

Revenue mln mln (14

Analysts

)

Q2 EPS $0.54

Q2 Net $100.53

Income mln

Q2 Core $157.37

FFO mln

Q2 FFO $157.18

mln

Q2 $149.80

Income mln

From

Operatio

ns

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 13 "hold" and 3 "sell" or "strong sell"

* The average consensus recommendation for the commercial reits peer group is "buy."

* Wall Street's median 12-month price target for NNN REIT Inc ( NNN ) is $44.00, about 2.2% above its August 4 closing price of $43.05

* The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)