Company: NNN
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000950170-25-017472
Chunk: 157

Company: NNN REIT, INC.
Filing Date: 2025-02-11
Form: 10-K
Item: Item 6
Chunk 157
---
    6,778

    171,322

    Cash, cash equivalents and restricted cash at end of year(1)
     
    $
    9,062

    $
    5,155

    $
    6,778

    Supplemental disclosure of cash flow information:

    Interest paid, net of amount capitalized
     
    $
    183,426

    $
    148,169

    $
    140,331

    Supplemental disclosure of noncash investing and financing activities:

    Change in other comprehensive income
     
    $
    2,152

    $
    2,471

    $
    2,374

    Right-of-use asset recorded in connection with lease liability
     
    $
    —

    $
    6,401

    $
    —

    Change in work in progress accrual
     
    $
    (7,458
    )
     
    $
    23,103

    $
    4,468

(1)Cash, cash equivalents and restricted cash is the aggregate of cash and cash equivalents and restricted cash and cash held in escrow from the Consolidated Balance Sheets. As of December 31, 2024, 2023 and 2022, NNN had restricted cash of $331, $3,966 and $4,273, respectively.

See accompanying notes to consolidated financial statements.

55

NNN REIT, INC.

and SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Years Ended December 31, 2024, 2023 and 2022

Note 1 – Organization and Summary of Significant Accounting Policies:Organization and Nature of Business. NNN REIT, Inc., a Maryland corporation, is a fully integrated real estate investment trust ("REIT") formed in 1984. The term "NNN" or the "Company" refers to NNN REIT, Inc. and all of its consolidated subsidiaries. NNN may elect to treat certain of its subsidiaries as taxable REIT subsidiaries ("TRS").NNN's assets primarily include real estate assets. NNN acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for investment ("Properties" or "Property Portfolio," or individually a "Property").  

        December 31, 2024

        Property Portfolio:

        Total Properties
         
        3,568