NNN REIT raises 2026 AFFO guidance on strong Q1 results, $145M in acquisitions

Filed April 30, 2026 · Period ending April 30, 2026 · ~1 min read

Key Changes

• high

  Raised full-year 2026 AFFO guidance to $3.53–$3.59/share (from $3.52–$3.58) after reporting Q1 AFFO of $0.87/share, reflecting confidence in operational execution.

  Exhibit 99.1 verify on EDGAR →
• high

  Acquired $145.4M of properties at 7.5% initial cash cap rate with 19-year average lease term; portfolio occupancy rose to 98.6%, up 90 basis points year-over-year.

  Exhibit 99.1 verify on EDGAR →
• medium

  Drew full $300M term loan facility and locked in 4.10% all-in fixed rate through forward-starting swaps, eliminating floating-rate exposure through February 2029.

  Exhibit 99.1 verify on EDGAR →