The earnings call for NNN REIT, Inc. reflected a generally positive outlook with several strong financial and operational achievements, including a consistent dividend increase, successful bond offering, and strong acquisition activity. Despite some challenges such as the At Home bankruptcy and increased real estate expenses, the company remains focused on optimizing its portfolio and managing its balance sheet effectively.

Company Guidance

In the second quarter of 2025, NNN REIT, Inc. raised its 2025 guidance for core FFO per share, now expected to range from $3.34 to $3.39, reflecting robust performance and strategic initiatives. The company completed $500 million in 5-year unsecured bond offerings with a 4.6% coupon, enhancing its fiscal flexibility. NNN REIT's portfolio of 3,663 properties across all 50 states demonstrated strong leasing activity, with lease renewals achieving rental rates 108% above prior rents. The company anticipates $600 million to $700 million in acquisitions and $120 million to $150 million in dispositions for the year, adjusting its acquisition volume target to $650 million. With an average debt maturity of 11 years and $1.5 billion in liquidity, NNN REIT is well-positioned to execute its growth strategy while maintaining a sector-leading balance sheet.

Dividend Increase

NNN REIT, Inc. announced a 3.4% increase in its common stock dividend, marking the 36th consecutive year of annual dividend increases.

Strong Acquisition Activity

Invested over $230 million in 45 new properties with an initial cap rate of 7.4% and an average lease term of more than 17 years. For the first half of 2025, invested $460 million across 127 properties.

Successful Bond Offering

Completed a $500 million 5-year unsecured bond offering with a 4.6% coupon, strengthening the company's capital position.

Increased Core FFO Guidance

Raised 2025 guidance for core FFO per share to a range of $3.34 to $3.39, reflecting strong performance and growth strategy execution.

High Lease Renewal Rates

Renewed 17 to 20 leases at rates 108% above prior rent, with new leases 105% above prior rents, indicating strong demand for assets.

Portfolio Expansion and Management

Sold 23 properties generating over $50 million in proceeds and successfully disposed of underperforming assets to optimize the portfolio.

National Retail Properties (NNN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

NNN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.48 / -	0.53	―	―	―
Aug 05, 2025	2025 (Q2)	0.48 / 0.54	0.58	-6.90% (-0.04)
May 01, 2025	2025 (Q1)	0.48 / 0.51	0.52	-1.92% (-0.01)	―
Feb 11, 2025	2024 (Q4)	0.48 / 0.52	0.53	-1.89% (-0.01)	―
Oct 31, 2024	2024 (Q3)	0.49 / 0.53	0.59	-10.17% (-0.06)	―
Aug 01, 2024	2024 (Q2)	0.49 / 0.58	0.54	7.41% (+0.04)	―
May 01, 2024	2024 (Q1)	0.48 / 0.52	0.5	4.00% (+0.02)	―
Feb 08, 2024	2023 (Q4)	0.48 / 0.53	0.5	6.00% (+0.03)	―
Nov 01, 2023	2023 (Q3)	0.47 / 0.59	0.5	18.00% (+0.09)	―
Aug 02, 2023	2023 (Q2)	0.48 / 0.54	0.42	28.57% (+0.12)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

NNN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$43.05	$41.98	-2.49%
May 01, 2025	$40.52	$40.64	+0.30%
Feb 11, 2025	$36.99	$39.11	+5.73%
Oct 31, 2024	$43.48	$41.60	-4.32%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does National Retail Properties (NNN) report earnings?

National Retail Properties (NNN) is schdueled to report earning on Oct 29, 2025, Before Open (Confirmed).

What is National Retail Properties (NNN) earnings time?

National Retail Properties (NNN) earnings time is at Oct 29, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is NNN EPS forecast?

NNN EPS forecast for the fiscal quarter 2025 (Q3) is 0.48.

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