President, Chief Executive Officer & Director, Nnn Reit
Search every verified Stephen Horn interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a January 2025 interview at Nareit's REITworld conference, NNN REIT CEO Steve Horn discussed the company's outlook for 2025. Horn stated that 2024 was set up with a "light Capital markets footprint" and that 2025 would likely see a return to a "normal run rate of Acquisitions." He identified opportunities with current tenants in sectors like auto service and convenience stores, while citing challenges including uncertainty in capital markets and the direction of the 10-year Treasury yield following the recent election. Horn noted that common investor questions centered on funding sources and debt markets, as well as potential consumer softening and its effect on the portfolio. He emphasized that NNN REIT is "kind of self-funded," pointing to approximately $2 million of free cash flow and dispositions as covering the company's equity needs. Horn also said the company has spent time analyzing portfolio sales trends in light of the consumer environment.
“So 2024 we set the year up to have a light Capital markets footprint and we've executed that and then 2025 I think we'll be elevated we'll go back to kind of our normal run rate of Acquisitions.”
“Our opportunities are with our current tenants, our relationships, so we see heading into 25 will be a continuation of 24 that we have a lot of good opportunities with that and it's in the auto service, the convenience store kind of our current rent role.”
“Challenges I would say is with the election now recently completed, the uncertainty of the capital markets and the 10e of where it's going to go so the funding source is a little up in the air right now but as we progress into the year it'll have a little more clarity.”
“The two common things one is kind of the challenges of the funding source of capital markets and the debt markets going into next year. What I feel comfortable about with NNN is we're kind of self-funded we have about $2 million of free cash flow and then through dispositions really takes care of our Equity needs for 2...”
Steve Horn, CEO of NNN REIT, Inc. (NYSE: NNN), sat down for a video interview during Nareit's REITworld: 2024 Annual ...
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