Every 8-K that NNN REIT, Inc. (NNN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow NNN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NNN filings page.
NNN REIT, Inc. reported a Board succession move, appointing Christina Chiu and Charles “Chaz” D. Mueller, Jr. to its Board of Directors effective October 1, 2026, following a Governance and Nominating Committee recommendation. This staged refresh prepares for long-time director Betsy D. Holden retiring from the Board on February 19, 2027.
Both new directors are expected to serve on the Audit Committee. Chiu currently serves as President of Empire State Realty Trust and has prior senior roles at Morgan Stanley. Mueller serves on the Board of Trustees of Vivmark Residential and has decades of multifamily REIT and property management leadership experience. NNN describes its strategy as investing in high-quality properties under long-term net leases; as of June 30, 2026 it owned 3,774 properties totaling 40.4 million square feet of gross leasable area with a 10.1-year weighted average remaining lease term.
NNN REIT, Inc. entered into a new Equity Distribution Agreement with a syndicate of banks and broker-dealers, replacing its August 3, 2023 equity distribution agreement. Under this program, the company may, from time to time, issue and sell up to 25,000,000 shares of common stock through the agents as sales agents or directly to them as principals at prices agreed at the time of sale.
The company also plans to use related Master Forward Confirmations to enter forward sale agreements, allowing contingent and non-contingent forward transactions in which forward purchasers borrow and sell shares. NNN REIT expects to generally physically settle fixed share forward transactions to receive cash equal to the underlying shares multiplied by the forward sale price, but it may elect cash or net share settlement instead. Agents and forward purchasers are entitled to commissions of up to 2.0% of the relevant sale or forward price.
NNN REIT reported second‑quarter and six‑month 2026 results with revenues of $244,266 and net earnings of $97,924, or $0.52 per diluted share. Core FFO and AFFO were $168,187 and $170,020, or $0.89 and $0.90 per diluted share, with per‑share Core FFO and AFFO up 6.0% and 5.9% from the prior year.
The portfolio reached 99.1% occupancy with 3,774 properties and ABR of $959,145. In the quarter the company invested $291,009 in 89 property acquisitions at a 7.3% weighted average cap rate and sold 26 properties for $36,734. As of June 30, 2026, the real estate portfolio totaled approximately 40.4 million square feet with a 10.1‑year weighted average remaining lease term.
NNN drew its incremental $200 million term loan, bringing Gross Debt to $5,078,500, with a 4.2% weighted average interest rate and $1.4 billion of available liquidity. The company entered forward sale agreements for 5,999,528 shares and issued 1,681,785 shares for $74.0 million in net proceeds. The board declared a quarterly dividend of $0.62 per share for third‑quarter 2026, a 3.3% increase and the 37th consecutive annual dividend raise, and increased 2026 Core FFO and AFFO per share guidance to $3.50 - $3.54 and $3.55 - $3.59, with acquisition volume guidance of $700 - $800 million.
NNN REIT, Inc. expanded its senior unsecured term loan facility by exercising a $200 million incremental option, increasing the total term loan to $500 million. The term loan now matures on February 15, 2029 and includes two one-year extension options.
The company also entered into a $100 million forward starting swap that effectively fixes SOFR at 3.43% through February 15, 2029. Amendments to the term loan and revolving credit facility reduced SOFR-based margins to 0.800% from 0.850% on term loan borrowings and to 0.725% from 0.775% on revolving credit facility borrowings. NNN REIT expects to use the incremental term loan proceeds for general corporate purposes.
NNN REIT, Inc. held its 2026 annual stockholder meeting on May 12, 2026. Stockholders elected seven directors to serve until the next annual meeting, with each nominee receiving over 153 million votes in favor and sizable broker non-votes recorded.
Stockholders approved, on an advisory basis, the compensation of the company’s named executive officers, with 151,646,947 votes for, 5,056,586 against, and 405,960 abstentions. They also ratified the appointment of Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 169,884,257 votes for, 2,202,123 against, and 263,631 abstentions.
NNN REIT, Inc. reported first quarter 2026 revenue of $240.4 million and net earnings of $93.9 million, or $0.50 per diluted share. Funds from operations were $0.86 per share, and adjusted funds from operations were $0.87 per share, matching the prior-year quarter.
The portfolio remained strong with 98.6% occupancy, 3,711 properties and a 10.1-year weighted average lease term. During the quarter the company invested $145.4 million in 41 properties at a 7.5% initial cash cap rate and sold 25 properties for $35.8 million. NNN fully drew its $300 million term loan, hedged at a fixed rate of 4.10%, and ended the quarter with $1.2 billion of total liquidity. The quarterly dividend was $0.60 per share, a 69% AFFO payout ratio, and 2026 guidance for AFFO per share was raised to $3.53–$3.59 with Core FFO per share updated to $3.48–$3.54.
NNN REIT, Inc. reported that long-time director Steven D. Cosler, who joined the Board in August 2016 and became Chair in May 2021, has retired from the Board effective February 18, 2026. Independent director Edward J. Fritsch, a Board member since February 2012 and former President and CEO of publicly traded REIT Highwoods Properties, Inc., has been appointed to succeed him as Chair.
The company highlights Mr. Fritsch’s extensive REIT background, including prior service on the Nareit Board of Governors, his role as Nareit’s 2015–2016 national chair, and receipt of Nareit’s Industry Leadership Award in 2023. As of December 31, 2025, NNN owned 3,692 properties across all 50 states, the District of Columbia and Puerto Rico, with approximately 39.6 million square feet of gross leasable area and a weighted average remaining lease term of 10.2 years. NNN also notes it is one of only three publicly traded REITs to have increased annual dividends for 36 or more consecutive years.
NNN REIT, Inc. reported 2025 net earnings of $389.8 million, or $2.07 per diluted share, on revenues of $926.2 million. Core FFO and AFFO per diluted share each grew 2.7% to $3.41 and $3.44, while annualized base rent rose 7.8% to $928.1 million.
The company invested $931.0 million in 239 properties at a 7.4% initial cash cap rate and sold 116 properties for $190.5 million at a 6.4% cap rate. Occupancy was 98.3% across 3,692 properties with a weighted average remaining lease term of 10.2 years.
NNN ended 2025 with $4.9 billion of gross debt, a 4.2% weighted average interest rate, Net Debt to annualized EBITDAre of 5.6x, and fixed charge coverage of 4.1x, supported by $1.2 billion of liquidity. The annual dividend increased 3.1% to $2.36 per share, marking 36 consecutive years of dividend growth. Initial 2026 guidance calls for AFFO of $3.52–$3.58 per share and acquisitions of $550–$650 million.
NNN REIT, Inc. entered into a new senior unsecured term loan agreement providing $300 million of borrowing capacity during a six-month delayed draw period, with an accordion feature allowing the facility to increase to up to $500 million. The term loan matures on February 15, 2029 and includes two one-year extension options at the company’s discretion.
Borrowings will bear interest at SOFR plus an applicable margin of 0.85% based on current credit ratings, and the company has forward-starting swaps on $200 million that fix SOFR at 3.22% through January 15, 2029. NNN REIT currently has no borrowings outstanding under the term loan and expects to use future proceeds for general corporate purposes. The company also amended its revolving credit agreement to remove a 10 basis point SOFR credit spread adjustment on that facility.
NNN REIT, Inc. furnished an 8-K to share that it has issued a press release announcing its results of operations and financial condition for the quarter and nine months ended September 30, 2025. The company explains that this press release, dated November 4, 2025, is attached as Exhibit 99.1 and is also available on its website.
The company notes that the information in this report is being "furnished" rather than "filed," which limits how it is treated under securities laws unless specifically incorporated by reference into other documents. The filing is signed on behalf of NNN REIT, Inc. by Executive Vice President and Chief Financial Officer Vincent H. Chao.
NNN REIT, Inc. reports that recent federal legislation permanently preserves a tax break allowing non‑corporate shareholders to deduct 20% of the aggregate ordinary dividends they receive from the company, removing a prior scheduled expiration at the end of 2025. The change means eligible individual and other non‑corporate owners will continue to benefit from a partial dividend deduction that can lower taxable income associated with REIT payouts. The filing also notes a separate rule change effective Jan 1, 2026 that raises the quarterly asset‑test cap for securities held in one or more taxable REIT subsidiaries from 20% to 25% when those securities are not otherwise treated as real estate assets, which may give the company modestly more flexibility in structuring TRS holdings.