NNN REIT, INC. (NNN) Form 10-Q — Aug 5, 2026
NNN REIT's second-quarter revenue rose 7.7% year over year to $244.3 million, but net earnings slipped to $97.9 million ($0.52 per diluted share) from $100.5 million ($0.54) a year earlier, as first-half real estate impairments more than tripled to $18.7 million and first-half interest expense climbed 9.5%. The net lease portfolio expanded to 3,774 properties across all 50 states with occupancy at 99.1%, up from 98.0% a year ago; NNN invested $436.4 million in 130 properties during the first half at a 7.4% weighted average cap rate, lifting annualized base rent to $959.1 million.
Key figures
- Eps
- 0.52
- Revenue
- 244266000
- Net Income
- 97924000
- Total Debt
- 5001273000
- Revenue Yoy
- 7.7%
- Total Assets
- 9606523000
- Cash Position
- 4223000
- Shares Outstanding
- 191931400
- Occupancy
- 99.1% (vs 98.0% a year ago)
- Properties owned
- 3774
- Q2 interest expense
- 53487000
- Annualized base rent
- 959145000
- Atm gross proceeds h1
- 74617000
- Q2 acquisition cap rate
- 7.3%
- Gross leasable area sqft
- 40440000
- H1 acquisitions invested
- 436403000
- H1 impairment losses net
- 18747000
- Q2 acquisitions invested
- 291009000
- Credit facility available
- 1171500000
- H1 disposition net proceeds
- 72561000
- Cash basis tenants pct of abr
- 4.0%
- Unsettled forward sale shares
- 5999528
- Estimated forward net proceeds
- 272109000
- Unsecured debt weighted avg rate
- 4.19%
- Dividend declared july 2026 per share
- 0.62
- Weighted avg remaining lease term years
- 10.1
Price after filing
Close on the filing date to close N calendar days later (from $47.49). Historical, not a forecast.
AI analysis
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