NNN REIT Q2 revenue beats estimates, raises 2025 guidance

NNN REIT

05/08/2025 13:40

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 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 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/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$226.80 mln
$223.30 mln (14 Analysts)
Q2 EPS
$0.54
Q2 Net Income
$100.53 mln
Q2 Core FFO
$157.37 mln
Q2 FFO
$157.18 mln
Q2 Income From Operations
$149.80 mln


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 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: ID:nPn9CwZNKa

(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.)