Company: NNN
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000950170-25-017472
Chunk: 231

Company: NNN REIT, INC.
Filing Date: 2025-02-11
Form: 10-K
Item: Item 8
Chunk 231
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)Fair Value WhenTerminated

        Fair ValueDeferredIn OtherComprehensiveIncome(1)

         2025
         
        October 2015
         
        Four forward starting swaps
         
        $
        300,000

        $
        13,369

        $
        13,369

         2026
         
        December 2016
         
        Two forward starting swaps

        180,000

        (13,352
        )

        (13,345
        )

         2027
         
        September 2017
         
        Two forward starting swaps

        250,000

        7,690

        7,688

         2028
         
        September 2018
         
        Two forward starting swaps

        250,000

        (4,080
        )

        (4,080
        )

         2030
         
        March 2020
         
        Three forward starting swaps

        200,000

        13,141

        13,141

         2052
         
        September 2021
         
        Two forward starting swaps

        120,000

        1,584

        1,584

       (1)The amount reported in accumulated other comprehensive income (loss) will be reclassified to interest expense as interest payments are made on the related notes payable.As of December 31, 2024, $7,959,000 remains in accumulated other comprehensive income (loss) related to NNN's previously terminated interest rate hedges. During the years ended December 31, 2024, 2023 and 2022, NNN reclassified $2,152,000, $2,471,000 and $2,374,000, respectively, out of accumulated other comprehensive income (loss) as an increase to interest expense. Over the next 12 months, NNN estimates that an additional $1,670,000 will be reclassified as an increase in interest expense. Amounts reported in accumulated other comprehensive income (loss) related to derivatives will be reclassified to interest expense as interest payments are made on NNN's long-term debt.NNN does not use derivatives for trading or speculative purposes. NNN had no derivative financial instruments outstanding at December 31, 2024.

70

Note 5 – Stockholders' Equity:Universal