Company: NNN
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000950170-25-017472
Chunk: 203

Company: NNN REIT, INC.
Filing Date: 2025-02-11
Form: 10-K
Item: Item 8
Chunk 203
---
 AND EQUITY

    Liabilities:

    Line of credit payable
     
    $
    —

    $
    132,000

    Notes payable, net of unamortized discount and unamortized debt costs

    4,373,803

    4,228,544

    Accrued interest payable

    29,699

    34,374

    Other liabilities

    106,951

    109,593

    Total liabilities

    4,510,453

    4,504,511

    Commitments and contingencies (Note 11)

    Equity:

    Stockholders' equity:

    Common stock, $0.01 par value. Authorized 375,000,000 shares; 187,540,929 and       182,474,770 shares issued and outstanding, respectively

    1,877

    1,826

    Capital in excess of par value

    5,197,644

    4,971,625

    Accumulated deficit

    (829,287
    )

    (805,883
    )

    Accumulated other comprehensive income (loss)

    (7,959
    )

    (10,111
    )

    Total equity

    4,362,275

    4,157,457

    Total liabilities and equity
     
    $
    8,872,728

    $
    8,661,968

See accompanying notes to consolidated financial statements.

49

NNN REIT, INC.and SUBSIDIARIESCONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME(dollars in thousands, except per share data) 

    Year Ended December 31,

    2024

    2023

    2022

    Revenues:

    Rental income
     
    $
    867,468

    $
    826,090

    $
    771,618

    Interest and other income from real estate transactions

    1,798

    2,021

    1,435

    869,266

    828,111

    773,053

    Operating expenses:

    General and administrative

    44,287

    43,746

    41,695

    Real estate

    32,317

    28,378