NNN REIT(US:NNN)2025-11-04 15:30Financial Performance - Core FFO per diluted share grew by 1.2% year-over-year to $0.85[9] - AFFO per diluted share increased by 2.4% year-over-year to $0.86[9] - ABR increased by 7.2% compared to the prior year[9] - The company paid a quarterly dividend of $0.60, representing a 3.4% increase in the quarterly dividend rate, a 5.6% annualized dividend yield, and a 70% AFFO payout ratio[9] Investment and Disposition Activities - The company closed on $283.0 million of investments at an initial cash cap rate of 7.3% and a weighted average lease term of 17.8 years[9] - Total investments for the nine months ended September 30, 2025, reached $748.0 million[9] - The company sold 23 properties for $41.3 million, including $22.3 million of income-producing properties at a weighted average cap rate of 5.9%[9] Balance Sheet and Capital Structure - The company issued $500 million of 4.600% senior unsecured notes due 2031[9] - The company maintains balance sheet flexibility with $1.4 billion of total available liquidity[9] - The company's total capital is $13.0 billion, with gross debt at 38.0% and equity at 62.0%[29, 28] Portfolio Characteristics - The company has a well-diversified portfolio with 3,697 properties (39.2 million SF) in 50 states[14] - The portfolio is diversified across more than 400 national and regional tenants and over 35 lines of trade[14] - The company's occupancy never fell below 96.4% from 2005-2025[19] Dividend and Returns - The company has 36 consecutive years of annual dividend increases[10, 32] - The company's strategy generated 3.8% average annual Core FFO per share growth since 2019[13]