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(RTTNews) - Wednesday, NNN REIT, Inc. (NNN) released second-quarter results showing net income of $97.9 million, or $0.52 per share, versus $100.5 million, or $0.54 per share, from the prior-year period.

FFO rose to $167.8 million, or $0.89 per share, compared with $157.2 million, or $0.84 per share, a year earlier.

Core FFO reached $168.2 million, or $0.89 per share, up from $157.4 million, or $0.84 per share, in the previous year.

AFFO totaled $170.02 million, or $0.90 per share, versus $158.5 million, or $0.85 per share, last year.

Revenues climbed to $244.3 million from $226.8 million in the year-ago quarter.

For full-year 2026, the company lowered its earnings forecast to $2.01-$2.05 per share from the prior range of $2.02-$2.08 per share.

It raised Core FFO guidance to $3.50-$3.54 per share from $3.48-$3.54 per share and AFFO outlook to $3.55-$3.59 per share from $3.53-$3.59 per share.

In pre-market trading, NNN shares advanced 1.68 percent to $47.97 on the NYSE.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.