May 01, 2025 / 02:30PM GMT
Unidentified participant
Greetings. Welcome to the NNN REIT Inc first quarter 2025 earnings call. (Operator Instructions)
Please note this conference is being recorded. I will now turn the conference over to your host, Steve Horn, CEO.
Stephen Horn - NNN REIT Inc - President, Chief Executive Officer, Director
Hey, thanks, John. Hey, good morning and thank you for joining NNN REIT first quarter 2025 earnings call. With me today is Vin Chow, our Chief Financial Officer. I'd like to start with a high-level update on our vacant furniture and restaurant assets before we delve into the first quarter results.
We're making excellent progress resolving these vacancies, and I'm confident that we will be in a solid position to have the vast majority resolved by year end. And a post-quarter update in terms of our 35 furniture stores, 15 are resolved through leasing or sale, and 15 have significant interest and we anticipate nearly all be handled by the end of the third quarter.
For the restaurant assets, we gained full [poss] finalession this quarter
Q1 2025 NNN REIT Inc Earnings Call Transcript
May 01, 2025
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