NNN REIT reports strong Q3 2024 earnings and raises acquisition guidance

NNN REIT, Inc. reported strong performance in Q3 2024, driven by strategic acquisitions and active portfolio management. The company has tightened its core funds from operations (FFO) guidance to between $3.28 and $3.32 per share. NNN also raised its acquisition guidance midpoint by 22% to $550 million, reflecting a robust pipeline. The company raised about $175 million through its ATM program, marking its largest quarter since 2019. The firm emphasized its disciplined approach to capital management, which positions it well amid current economic volatility. NNN aims to continue executing its acquisition strategy through the end of the year.