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NNN REIT Q3 FFO Rises; Lifts, Tightens 2025 Core FFO Per Share Guidance

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

NNN REIT, Inc. (NNN) reported that its third quarter FFO increased to $158.7 million from $154.2 million, last year. FFO per share was $0.84, flat with prior year. Core FFO per share increased to $0.85 from $0.84. AFFO per share was $0.86 compared to $0.84.

Third quarter net earnings declined to $96.8 million from $97.9 million, last year. Net earnings per share was $0.51 compared to $0.53. Third quarter revenues increased to $230.16 million from $218.56 million, last year.

For 2025, the company now expects AFFO per share in a range of $3.41 - $3.45, revised from prior guidance range of $3.40 - $3.45. Core FFO per share is now projected in a range of $3.36 - $3.40, updated from prior guidance range of $3.34 - $3.39. Net earnings per share excluding any gains on disposition of real estate, impairment losses and retirement and severance costs are expected in a range of $1.93 - $1.97, revised from prior outlook range of $1.93 - $1.98.

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