NNN REIT (NNN): Q4 FFO Surpasses 87c, Revenue Beats Forecast

NNN REIT (NNN) reported fourth-quarter results exceeding expectations, with funds from operations (FFO) of $165 million, or 87 cents per share, beating the 86 cents per share average estimate. FFO, a key REIT performance measure, adds back depreciation and amortization to net income. The company posted net income of $96 million, or 51 cents per share, and revenue of $238.4 million, up from adjusted revenue of $237.5 million, both surpassing analyst forecasts. For the year, FFO totaled $647.6 million and revenue reached $924.4 million. Management guidance for full-year FFO is $3.52 to $3.58 per share.