NNN REIT, INC.
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 4, 2025
NNN$41.76+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Equity
Quarter Ended September 30, 2025
| CommonStock | Capital in Excess of Par Value | AccumulatedDeficit | AccumulatedOtherComprehensiveIncome (Loss) | TotalEquity | |
|---|---|---|---|---|---|
| Balances at June 30, 2025 | $1,884 | $5,217,161 | $(849,201) | $(7,439) | $4,362,405 |
| Net earnings | — | — | 96,839 | — | 96,839 |
| Dividends declared and paid: | |||||
| $0.600 per share of common stock | — | 599 | (112,809) | — | (112,210) |
| Issuance of common stock: | |||||
| 8,614 shares – director compensation | — | 267 | — | — | 267 |
| 1,187 shares – stock purchase plan | — | 48 | — | — | 48 |
| 1,655,053 shares – ATM equity program | 17 | 70,996 | — | — | 71,013 |
| 5,695 restricted shares – net of forfeitures | — | — | — | — | — |
| Stock issuance costs | — | (1,277) | — | — | (1,277) |
| Amortization of deferred compensation | — | 2,798 | — | — | 2,798 |
| Amortization of interest rate hedges | — | — | — | 480 | 480 |
| Balances at September 30, 2025 | $1,901 | $5,290,592 | $(865,171) | $(6,959) | $4,420,363 |
Quarter Ended September 30, 2024
| CommonStock | Capital in Excess of Par Value | AccumulatedDeficit | AccumulatedOtherComprehensiveIncome (Loss) | Total Equity | |
|---|---|---|---|---|---|
| Balances at June 30, 2024 | $1,838 | $5,012,642 | $(810,689) | $(8,869) | $4,194,922 |
| Net earnings | — | — | 97,904 | — | 97,904 |
| Dividends declared and paid: | |||||
| $0.580 per share of common stock | — | 635 | (106,077) | — | (105,442) |
| Issuance of common stock: | |||||
| 8,614 shares – director compensation | — | 320 | — | — | 320 |
| 1,074 shares – stock purchase plan | — | 49 | — | — | 49 |
| 3,848,657 shares – ATM equity program | 39 | 181,095 | — | — | 181,134 |
| Stock issuance costs | — | (2,909) | — | — | (2,909) |
| Amortization of deferred compensation | — | 2,498 | — | — | 2,498 |
| Amortization of interest rate hedges | — | — | — | 450 | 450 |
| Balances at September 30, 2024 | $1,877 | $5,194,330 | $(818,862) | $(8,419) | $4,368,926 |
Nine Months Ended September 30, 2025
| CommonStock | Capital in Excess of Par Value | Accumulated Deficit | AccumulatedOtherComprehensiveIncome (Loss) | TotalEquity | |
|---|---|---|---|---|---|
| Balances at December 31, 2024 | $1,877 | $5,197,644 | $(829,287) | $(7,959) | $4,362,275 |
| Net earnings | — | — | 293,826 | — | 293,826 |
| Dividends declared and paid: | |||||
| $1.760 per share of common stock | 1 | 1,841 | (329,710) | — | (327,868) |
| Issuance of common stock: | |||||
| 26,243 shares – director compensation | — | 802 | — | — | 802 |
| 4,127 shares – stock purchase plan | — | 168 | — | — | 168 |
| 1,891,959 shares – ATM equity program | 19 | 81,224 | — | — | 81,243 |
| 396,624 restricted shares – net of forfeitures | 4 | (4) | — | — | — |
| Stock issuance costs | — | (1,529) | — | — | (1,529) |
| Amortization of deferred compensation | — | 10,446 | — | — | 10,446 |
| Amortization of interest rate hedges | — | — | — | 1,409 | 1,409 |
| Fair value of forward starting swap | — | — | — | (409) | (409) |
| Balances at September 30, 2025 | $1,901 | $5,290,592 | $(865,171) | $(6,959) | $4,420,363 |
Nine Months Ended September 30, 2024
| CommonStock | Capital in Excess of Par Value | Accumulated Deficit | AccumulatedOtherComprehensiveIncome (Loss) | TotalEquity | |
|---|---|---|---|---|---|
| Balances at December 31, 2023 | $1,826 | $4,971,625 | $(805,883) | $(10,111) | $4,157,457 |
| Net earnings | — | — | 298,941 | — | 298,941 |
| Dividends declared and paid: | |||||
| $1.710 per share of common stock | — | 1,941 | (311,920) | — | (309,979) |
| Issuance of common stock: | |||||
| 27,838 shares – director compensation | — | 959 | — | — | 959 |
| 3,061 shares – stock purchase plan | — | 132 | — | — | 132 |
| 4,652,100 shares – ATM equity program | 47 | 214,814 | — | — | 214,861 |
| 344,525 restricted shares – net of forfeitures | 4 | (4) | — | — | — |
| Stock issuance costs | — | (3,219) | — | — | (3,219) |
| Amortization of deferred compensation | — | 8,082 | — | — | 8,082 |
| Amortization of interest rate hedges | — | — | — | 1,692 | 1,692 |
| Balances at September 30, 2024 | $1,877 | $5,194,330 | $(818,862) | $(8,419) | $4,368,926 |
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