Company: NNN
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000950170-25-102429
Chunk: 7

Company: NNN REIT, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 3
Chunk 7
---
     2027

     —

     —

     400,000

     3.55
     %

     2028

     267,700

     5.22
     %

     400,000

     4.39
     %

     2029

     —

     —

     —

     —

     Thereafter(3)

     —

     —

     2,900,000

     4.22
     %
     (4)

     Total
      
     $
     267,700

     5.22
     %
      
     $
     4,450,000

     4.12
     %

     Fair Value:

     June 30, 2025
      
     $
     267,700

     $
     3,974,301

     December 31, 2024
      
     $
     —

     $
     3,894,030

     (1)
     NNN's unsecured debt obligations have a weighted average interest rate of 4.2% and a weighted average maturity of 11.1 years.

     (2)
     Includes NNN's notes payable, each exclude unamortized discounts and debt costs. The fair value is based upon quoted market prices as of the close of the period, which is a Level 1 valuation since NNN's notes payable are publicly traded on the over-the-counter market. 

     (3)
     Excludes $500,000 aggregate principal amount of 4.600% notes due February 2031 issued in July 2025 (see "Capital Structure – Debt Securities – Notes Payable").

     (4)
     Weighted average effective interest rate for years after 2029.