NNN REIT posts Q3 2026 earnings with higher net income and dividend payout
NNN REIT reported third‑quarter 2026 net earnings of $0.57 per diluted share, up from $0.51 a year earlier. Core FFO and AFFO per share rose 5.9% and 5.8% YoY to $0.90 and $0.91, while annual base rent grew 6.8% to $974.0 million and portfolio occupancy reached 99.2%. The REIT issued 2,014,352 common shares under its ATM program, raising $89.5 million, and paid a $0.62 quarterly dividend representing a 6.0% annualized yield.
Why it matters
The higher earnings and FFO improve the REIT's cash‑flow profile, supporting its 68% AFFO payout ratio and the $0.62 dividend. The $89.5 million equity raise adds liquidity, reinforcing the $1.4 billion of total available liquidity noted by the company.
Key facts
- 1Net earnings per diluted share were $0.57, up from $0.51 in the prior year. stocktitan.net
- 2Core FFO per diluted share increased 5.9% YoY to $0.90. stocktitan.net
- 3AFFO per diluted share increased 5.8% YoY to $0.91. stocktitan.net
- 4Annual base rent grew 6.8% YoY to $974.0 million. stocktitan.net
- 5Portfolio occupancy reached 99.2%, a 10‑basis‑point increase quarter‑over‑quarter and 170‑basis‑point increase year‑over‑year. stocktitan.net
- 6The company issued 2,014,352 common shares, raising $89.5 million in net proceeds. stocktitan.net
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.