Company: NNN
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000950170-25-017472
Chunk: 194

Company: NNN REIT, INC.
Filing Date: 2025-02-11
Form: 10-K
Item: Item 6
Chunk 194
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31, 2024, the net investment in real estate accounted for under the direct financing method was $2,520.(d) As of December 31, 2024, the aggregate cost of the properties owned by NNN for federal tax purposes was approximately $10,665,000 (unaudited).(e) As of December 31, 2024, NNN has committed to fund the construction of certain properties, which is estimated to be completed within 12 to 18 months. The year of construction represents the anticipated completion date.See accompanying report of independent registered public accounting firm.

F-3

NNN REIT, INC. AND SUBSIDIARIESSCHEDULE IV - MORTGAGE LOANS ON REAL ESTATEDecember 31, 2024 (dollars in thousands) 

      Description
       
      InterestRate
       
      MaturityDate
       
      PeriodicPaymentTerms
       
      PriorLiens

      Face Amount ofMortgages

      CarryingAmount ofMortgages(c)

      PrincipalAmountof Loans Subjectto DelinquentPrincipal orInterest

      First mortgages on properties:

      2 properties in VA
       
      7.000%
       
      3/1/2025
       
      (b)

      —

      $
      3,000
       
      (d)
      $
      451

      $
      —

      $
      3,000

      $
      451
       
      (a)
      $
      —

     (a)The following shows the changes in the carrying amounts of mortgage loans during the years ended December 31: 

      2024

      2023

      2022

      Beginning balance, January 1
       
      $
      996

      $
      1,521

      $
      2,011

      New mortgage loans

      —

      —

      —

      Deductions during the year:

      Collections of principal

      (599
      )

      (559
      )

      (521
      )

      Other: credit (losses) recoveries(e)

      54

      34

      31

      Foreclosures

      —

      —

      —

      Ending balance, December 31
       
      $
      451

      $
      996

      $
      1,521

     (b)Principal and interest is payable at varying amounts over