NNN REIT delivered third quarter 2026 results that exceeded analyst expectations, supported by strong portfolio health and disciplined investment activity. Core FFO per share rose 5.9% year-over-year, while total revenues reached $249.7 million, outperforming estimates.
Key Highlights
- Core FFO per share of $0.90 beat the $0.89 estimate, driven by a 6.8% increase in Annualized Base Rent (ABR) to $974.0 million.
- Portfolio occupancy improved to 99.2%, a sequential increase of 10 basis points and 170 basis points higher than the prior-year period.
- The company invested $221.7 million in 76 property acquisitions during the quarter at a 7.3% initial cash cap rate and a 19.6-year weighted average lease term.
- Full-year 2026 Core FFO guidance was maintained at $3.50 - $3.54 per share, while disposition guidance was raised to $160 - $180 million.