NNN REIT, Inc. Announces First Quarter 2026 Results and Increases 2026 Guidance

NNN REIT, Inc. reported financial and operating results for the first quarter ended March 31, 2026. The company announced net earnings of $0.50 per diluted share and Adjusted Funds From Operations (AFFO) of $0.87 per diluted share. Annualized Base Rent (ABR) increased by 6.9% over the prior year to $934.6 million. Portfolio occupancy reached 98.6%, with a weighted average remaining lease term of 10.1 years. NNN REIT, Inc. closed on $145.4 million of investments and sold 25 properties for $35.8 million. The company also sold 1,667,232 common shares under its at-the-market equity program and fully drew down its $300 million senior unsecured delayed draw term loan facility, with the outstanding balance hedged at a fixed rate of 4.10%. The company maintained significant balance sheet flexibility with $1.2 billion in total available liquidity and a weighted average debt maturity of 10.5 years. NNN REIT, Inc. increased its 2026 AFFO per share guidance to a new range of $3.53 to $3.59 and its Core FFO per share guidance to $3.48 to $3.54. The company paid a quarterly dividend of $0.60 per share.