NNN REIT(US:NNN)2025-08-05 14:30Financial Performance & Growth - Core FFO and AFFO per diluted share grew by 1.2% year-over-year, reaching $0.84 and $0.85 respectively[10] - Increased ABR (Annual Base Rent) by 6.7% compared to the previous year[10] - The company announced a 3.4% increase in the third quarter 2025 quarterly dividend to $0.60 per share[10] - Strategy generated 3.8% average annual Core FFO per share growth since 2019[16] Investment & Acquisition - Closed $232.5 million in investments with an initial cash cap rate of 7.4% and a weighted average lease term of 17.8 years[10] - Sold 23 properties for $51.2 million, including $24.7 million of income-producing properties at a weighted average cap rate of 6.2%[10] - Relationship acquisitions accounted for 74% ($7.493 billion) of the acquisition volume from 2010-Q2 2025, with an average cap rate of 7.4%[35] - Market/Auction acquisitions accounted for 26% ($2.701 billion) of the acquisition volume from 2010-Q2 2025, with an average cap rate of 7.1%[34] Portfolio & Lease Management - Only 6.1% of leases expire through YE 2026[17] - The portfolio consists of 3,663 properties (38.3 million SF) across 50 states, with over 400 national and regional tenants[17] - Top 20 tenants account for 46.8% of the rent and average 1,729 stores each[17] Balance Sheet & Debt - The company has $1.4 billion of total available liquidity[10] - The company's gross debt is $4.7 billion, representing 36.7% of the total capital, with a weighted average maturity of 11.1 years and a weighted average effective interest rate of 4.2%[23] - Equity accounts for 63.3% of the total capital, amounting to $8.1 billion[22, 23]