NNN REIT, Inc. filings document the formal disclosure record for a Maryland real estate investment trust focused on long-term net-leased retail properties. Its 8-K reports furnish quarterly and annual operating results, supplemental data, portfolio metrics, dividends, capital actions, and other material events related to the company’s REIT operations.
The filing record also includes proxy materials covering board governance, director matters, executive compensation and shareholder voting items. Other disclosures address unsecured term loan agreements, borrowing capacity, interest-rate mechanics, restrictive and financial maintenance covenants, REIT federal income tax matters, dividend tax treatment, capital structure, exhibits, and interactive data filings.
NNN REIT Inc: an amended Schedule 13G reports that The Vanguard Group holds 0 shares and 0% of NNN REIT Inc common stock. The filing explains an internal realignment effective January 12, 2026 that disaggregated certain Vanguard subsidiaries' holdings for separate reporting. The amendment is signed by Ashley Grim on 03/27/2026.
NNN REIT, Inc. is asking stockholders to vote at its May 12, 2026 annual meeting on three items: electing seven directors for terms ending at the 2027 meeting, a non-binding advisory vote on executive compensation, and ratifying the independent public accounting firm for 2026.
Stockholders of record on March 13, 2026, when 190,255,389 common shares were outstanding and 189,437,262 were entitled to vote, may participate. The board is largely independent, with six of seven nominees qualifying as independent, and emphasizes diversity, corporate governance and sustainability oversight.
For 2025, NNN REIT increased its annual dividend 3.1% to $2.36 per share, marking 36 consecutive years of dividend growth. Core FFO per share rose 2.7% to $3.41, and the company invested $931.0 million in acquisitions at a 7.4% initial cash yield while maintaining 98.3% portfolio occupancy.
NNN REIT, INC. President & CEO Stephen A. Horn, Jr. reported an open-market sale of 33,192 shares of common stock at a price of $44.98 per share. After this transaction, his directly held stake stands at 822,711 common shares.
NNN REIT, INC. executive vice president Jonathan Adamo reported an open-market sale of 6,000 shares of common stock on March 6, 2026 at an average price of $44.99 per share. After this transaction, he directly owns 126,358 shares of NNN REIT common stock.
NNN REIT, INC. executive Michelle Lynn Miller, EVP and Chief Accounting & Technology Officer, reported an open-market sale of 4,000 shares of common stock at $44.03 per share on February 20, 2026. After this transaction, she directly holds 93,817 shares of NNN REIT common stock.
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. executive Gina M. Steffens, EVP and General Counsel, received two stock awards of common stock. She was granted 5,320 shares and 24,828 shares at a reference price of $44.34 per share, for a total of 30,148 shares acquired as equity compensation.
The 5,320-share grant will vest 25% each year from 2027 through 2030, and she has voting and dividend rights on all of those shares immediately, including the unvested portion. The 24,828-share award will vest on January 1, 2029 based on achieving specified total shareholder return goals, and carries no dividend rights until it has vested.
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.