NNN REIT reported third-quarter 2026 results with net earnings of $109.9 million, or $0.57 per diluted share, compared to $0.51 in the prior-year period. Core FFO and AFFO per diluted share grew 5.9% and 5.8%, respectively, to $0.90 and $0.91. The company increased Annualized Base Rent (ABR) by 6.8% to $974 million and raised portfolio occupancy to 99.2%. NNN closed on $221.7 million of investments at a 7.3% initial cash cap rate during the quarter, while selling 32 properties for $50.7 million. The firm also issued approximately 2 million shares under its ATM program, raising $89.5 million in net proceeds. NNN REIT is a real estate investment trust that invests in high-quality single-tenant commercial properties subject to long-term net leases.
