NNN REIT, Inc. (NNN) Q2 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Nnn Reit, Inc..

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.897 are on a listen-only mode, and we will open the floor for your questions and comments 00:00:03.897 -- 00:00:06.217 after the presentation. 00:00:06.360 -- 00:00:10.647 It is now my pleasure to turn the floor over to your host, Steve Horn, Chief Executive 00:00:10.647 -- 00:00:15.394 Officer of NNN REIT, Inc. Sir, the floor is yours. 00:00:15.394 -- 00:00:20.561 Thank you, Matthew. Good morning, and welcome to NNN's second quarter 2025 earnings 00:00:20.561 -- 00:00:25.293 call. Joining me today on the call, Chief Financial Officer, Ben Chow. 00:00:25.293 -- 00:00:29.619 As outlined in the morning's press release, NNN continued to deliver strong performance 00:00:29.619 -- 00:00:32.302 in the first half of 2025. 00:00:32.302 -- 00:00:37.249 Notably, we've improved our balance sheet flexibility following capital markets activity 00:00:37.249 -- 00:00:42.355 with a sector-leading average debt maturity of 11 years, solid acquisitions 00:00:42.355 -- 00:00:47.222 driven by our tenant relationships, and we published the third annual corporate sustainability 00:00:47.222 -- 00:00:52.509 report. These results and actions position us well to continue enhancing shareholder 00:00:52.509 -- 00:00:55.988 value as we enter the second half of the year and beyond. 00:00:55.988 -- 00:00:59.172 Also, as usual, we always have to mention the dividend. 00:00:59.172 -- 00:01:04.277 In July, we announced a 3.4% increase in our common stock dividend, payable 00:01:04.277 -- 00:01:10.104 August 15th. This marks our 36th consecutive year of annual dividend increases, 00:01:10.104 -- 00:01:15.230 a milestone that places us among very few, less than 80, US public 00:01:15.230 -- 00:01:20.175 companies, and only two other REITs to have achieved such a track re...