NNN REIT Q3 revenue beats estimates, raises 2026 disposition guidance
NNN•NNN•NNN•NNN•NNN REIT reported third-quarter revenue of $249.68 million, above the $245.30 million consensus, and adjusted FFO per share of $0.91, up 5.8% year over year. It raised 2026 property disposition guidance to $160 million-$180 million while maintaining its Core FFO and AFFO per-share guidance.
NNN REIT reported third-quarter revenue of $249.68 million, beating analyst estimates of $245.30 million. Adjusted FFO per share rose 5.8% year over year to $0.91, and net income was $109.93 million.
The company raised its 2026 property disposition volume guidance to $160 million-$180 million. It maintained Core FFO per-share guidance of $3.50-$3.54 and AFFO per-share guidance of $3.55-$3.59.
Occupancy increased to 99.2%, up 170 basis points year over year, and the weighted average lease term was 10.1 years. NNN REIT closed $221.7 million in property acquisitions during the quarter at an initial cash cap rate of 7.3%; rental income from operating leases rose to $248.4 million from $229.8 million a year earlier.
