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.
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 (NNN) disclosed a director’s Form 4 showing an indirect acquisition of common stock. On 10/31/2025, 888 shares were acquired at $40.84 per share, reported as an A (acquired) transaction. Following this, the reporting person beneficially owned 34,839 shares held indirectly through a Family Trust. The filing notes the shares were acquired pursuant to a stock award under the NNN REIT 2017 Performance Incentive Plan, as amended in 2023.
NNN REIT, Inc. reported solid Q3 2025 operating results with total revenues of $230,159,000 and net earnings of $96,839,000. Diluted EPS was $0.51. Rental income rose 5.3% year over year to $229,773,000 as the company continued to expand its portfolio.
Portfolio activity was active. NNN acquired 57 properties for $283,027,000 at a 7.3% weighted average cap rate and sold 23 properties for net proceeds of $41,336,000, recognizing a $12,570,000 gain. As of September 30, the portfolio included 3,697 properties across 50 states, 97.5% leased, with 39.2 million square feet and a 10.1-year weighted average remaining lease term. Annualized base rent was $912,218,000.
Balance sheet and capital moves included issuing $500,000,000 of 4.600% notes due 2031, yielding net proceeds of $491,710,000, and selling 1,655,053 shares via the ATM in the quarter for net proceeds of $69,736,000. Cash and equivalents were $157,917,000, and the $1,200,000,000 revolving credit facility had full availability. The quarterly dividend was $0.600 per share. Non-reimbursed real estate expenses and impairment charges increased with more vacancies, while G&A remained stable.
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.
Victory Capital Management, Inc. filed a Schedule 13G reporting beneficial ownership of 9,754,456 shares of NNN REIT, INC. common stock, representing 5.17% of the class as of 09/30/2025.
The filer reports sole voting power over 9,568,756 shares and sole dispositive power over 9,754,456 shares, with no shared voting or dispositive power. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.
Michelle Lynn Miller, identified as EVP, Chief Accounting & Technology Officer of NNN REIT, Inc. (NNN), reported on Form 4 that she sold 10,000 shares of the company's common stock on 08/21/2025 at a price of $42.20 per share. After the sale she beneficially owned 81,750 shares. The filing is a standard Section 16 Form 4 reporting an individual insider disposition.
NNN REIT, Inc. Form 144 shows a proposed sale of 10,000 common shares through Fidelity Brokerage Services (NYSE) with an aggregate market value of $422,200 and an approximate sale date of 08/21/2025. The shares were acquired as stock awards: 5,000 shares on 01/01/2024 and 5,000 shares on 01/01/2025, both recorded as compensation. No securities of the issuer were reported sold by the person in the past three months. The filer attests they are not aware of undisclosed material adverse information and follows the certification language required by the form.
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.
What this filing says: Victory Capital Management reports owning 9,267,434 shares of NNN REIT common stock, representing 4.93% of the class. The firm states it has sole voting power over 9,096,534 shares and sole dispositive power over 9,267,434 shares. Victory Capital identifies as an investment adviser and certifies these shares are held in the ordinary course of business and not to change or influence control of the company.
Why it matters: This filing documents a measurable institutional stake in NNN but remains under the 5% level that typically indicates a larger strategic or control position. Sole voting and dispositive powers mean Victory Capital can vote these shares and decide on their sale, but the filing affirms no intent to pursue control or coordinated action.