NNN REIT reports Q2 AFFO 85c, consensus 84c

Reports Q2 revenue $226.8M, consensus $224.28M. CEO Steve Horn commented: “NNN delivered another strong quarter, investing $233M across 45 properties, at an accretive initial cash cap rate of 7.4%. With over $460M of real estate investments completed in the first half of 2025 and nearly $1.5B of immediate liquidity following our note offering at the end of the quarter, we are well-positioned to raise our 2025 Core FFO guidance and execute our strategy through year end.”