NNN REIT, Inc. reported Q3 Fiscal Year 2025 results showing portfolio growth alongside increased operational risks and financing activity.
Financial Performance (9M 2025 vs. 9M 2024): Rental Income grew 5.8% to \(686.8M, driven by acquisitions. However, Net Earnings slightly declined to \)293.8M (Diluted EPS \(1.56 vs. \)1.63). A major concern is the substantial increase in Real Estate Impairment Losses, which spiked to \(13.2M (up from \)2.9M), primarily related to 22 vacant properties. Operating expenses rose, and credit write-offs increased sharply to $2.47M. The company maintains an Accumul
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