Some recent events have been quite positive for NNN REIT. As of May 1, National Retail Properties officially changed its name to NNN REIT. The New York Stock Exchange stock symbol remains NNN. CEO Steve Horn noted, "The name change does not signal any change in our investment strategy or balance sheet management. This simplified name is easier to remember and is distinctive in our space." On May 2, NNN REIT announced the first-quarter operating results. FFO of $0.80 per share was a penny above estimates and up from $0.77 in the first quarter of 2022. Revenue of $204.1 million was $4 million above estimates and $13.8 million above first-quarter 2022 revenue. In addition, NNN REIT reaffirmed full-year guidance for FFO per share between $3.14 and $3.20. Analysts have been estimating $3.19 per share. On June 28, Janney Montgomery Scott analyst Robert Stevenson upgraded NNN REIT from Neutral to Buy.