Welcome to our dedicated page for NNN REIT SEC filings (Ticker: NNN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The NNN REIT, Inc. (NYSE: NNN) SEC filings page provides access to the company’s official regulatory documents as filed with the U.S. Securities and Exchange Commission. As an equity real estate investment trust, NNN uses its periodic reports and current reports to disclose financial performance, portfolio metrics, capital structure and material corporate events.
Through this page, you can review annual reports on Form 10-K and quarterly reports on Form 10-Q, which typically include detailed discussions of the company’s net lease real estate portfolio, occupancy, lease terms, acquisition and disposition activity, leverage and liquidity, as well as risk factors and management’s analysis. These filings also provide reconciliations for non-GAAP measures such as Funds From Operations (FFO), Core FFO, Adjusted Funds From Operations (AFFO) and EBITDAre that NNN highlights in its earnings releases.
Current reports on Form 8-K document significant events, such as the July 1, 2025 issuance of 4.600% senior unsecured notes due 2031, the December 17, 2025 entry into a senior unsecured delayed draw term loan facility, updates to the revolving credit agreement, earnings announcements, and changes in executive leadership or compensation arrangements. These filings outline key terms of new debt, covenant structures and other obligations that affect NNN’s balance sheet and financing flexibility.
In addition, this page can surface proxy statements and other governance-related documents, along with any Form 4 insider transaction reports when available, helping users analyze executive equity incentives and ownership changes. Real-time integration with EDGAR ensures that new NNN filings appear promptly, while AI-powered summaries highlight the most important sections, explain technical terms and point out items that may matter to shareholders, creditors and analysts reviewing NNN REIT, Inc.’s regulatory history.
NNN REIT, INC. executive Michelle Lynn Miller, EVP and Chief Accounting & Technology Officer, reported a mix of stock awards and a forfeiture of common shares. On February 17, 2026, she acquired 4,067 and 18,981 shares of common stock as grant or award acquisitions valued at $44.34 per share. After these awards, her direct holdings rose to 104,798 shares before a subsequent disposition.
The filing also shows a disposition of 6,981 common shares to the issuer at a stated price of $0.00, leaving her with 97,817 directly held shares. Footnotes explain that some awarded shares vest 25% annually from 2027 through 2030 with voting and dividend rights from grant, while others vest on January 1, 2029 based on total shareholder return and do not carry dividend rights until vesting. Additional restricted shares were forfeited because certain conditions were not met.
NNN REIT EVP and CIO Joshua Phillip Lewis reported stock awards. On February 17, 2026, he acquired 4,648 shares of common stock at $44.34 per share through a grant, increasing his direct holdings related to that award to 60,298 shares. He also received a separate grant of 21,692 shares at $44.34 per share, bringing his direct holdings tied to that award to 81,990 shares.
The first grant will vest 25% each year from 2027 through 2030, and he has voting and dividend rights on all those shares, including unvested shares. The second grant will vest on January 1, 2029 based on specified total shareholder return goals, and he will not receive dividends on those shares until they vest.
NNN REIT, INC. President & CEO Stephen A. Horn Jr. reported stock-based compensation awards and a forfeiture. He acquired 37,803 shares of common stock at $44.34 per share that will vest 25% annually from 2027 through 2030, with voting and dividend rights on all awarded shares, including unvested shares.
He also acquired 176,413 performance-based shares at $44.34 per share that will vest on January 1, 2029 based on achieving certain total shareholder returns; these carry no dividend rights until vesting. In a separate transaction, 70,421 restricted shares were disposed to the issuer after certain conditions were not met, leaving him with 855,903 directly owned shares.
Chao Vincent H. reported acquisition or exercise transactions in this Form 4 filing.
NNN REIT, INC. Executive Vice President and Chief Financial Officer Vincent H. Chao received two stock awards of common stock, totaling 54,546 shares, on February 17, 2026 at a reference price of $44.34 per share.
One grant of 9,626 shares will vest 25% each year from 2027 through 2030, with full voting and dividend rights from grant. The other grant of 44,920 shares will vest on January 1, 2029 based on total shareholder return performance, and carries no dividend rights until the shares vest.
NNN REIT, INC. executive vice president Jonathan Adamo reported stock awards of common shares. On the reported date, he acquired 6,510 shares and a separate 30,382-share award at a grant price of $44.34 per share, both classified as grant or award acquisitions.
After these awards, his directly held common stock increased to 132,358 shares. The filing notes that some shares vest 25% annually from 2027 through 2030 with voting and dividend rights even before vesting, while another portion will vest on January 1, 2029 based on total shareholder return and carries no dividend rights until vested.
NNN REIT, Inc. reports another year of steady growth in 2025, expanding its net‑lease portfolio and maintaining high occupancy. The company owned 3,692 properties across all 50 states, D.C. and Puerto Rico, with about 39.6 million square feet and 98.3% leased, generating annualized base rent of $928,081,000.
NNN invested $931,017,000 in 239 property acquisitions and projects, at a 7.4% weighted average cap rate, while selling 116 properties for $190,474,000 and recognizing $48,220,000 of gains. Total revenues rose to $926,213,000, driven mainly by higher rental income from new investments.
As of December 31, 2025, total debt was approximately $4,820,424,000, with no secured borrowings and debt-to-gross-assets of about 42%. The company declared a quarterly dividend of $0.600 per share in January 2026 and highlighted 36 consecutive years of annual dividend increases.
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.
State Street Corporation has filed a Schedule 13G reporting a significant passive ownership stake in NNN REIT Inc. common stock as of 12/31/2025. State Street reports beneficial ownership of 11,449,621 shares, representing 6% of the outstanding common stock.
The firm reports 0 shares with sole voting or dispositive power, and 9,939,197 shares with shared voting power and 11,449,621 shares with shared dispositive power. State Street certifies the shares were acquired and are held in the ordinary course of business, not to change or influence control of NNN REIT.
NNN REIT, Inc. director Kamau Omari Witherspoon reported acquiring 1,428 shares of common stock on January 30, 2026. The shares were credited at a price of $41.82 each through a deferral and conversion of compensation for Board and Committee services under the company’s plan.
Following this transaction, Witherspoon beneficially owns 21,305 shares of NNN REIT common stock in direct form.
NNN REIT, Inc. director Betsy D. Holden reported acquiring additional common stock through a compensation deferral. On January 30, 2026, she received 1,276 shares at $41.82 per share, reflecting board and committee fees converted into stock units. Following this transaction, she beneficially owns 33,543 shares directly.