Company: NNN
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000950170-25-017472
Chunk: 153

Company: NNN REIT, INC.
Filing Date: 2025-02-11
Form: 10-K
Item: Item 6
Chunk 153
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 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

    26,281

    Depreciation and amortization

    249,681

    238,625

    223,834

    Leasing transaction costs

    99

    299

    320

    Impairment losses – real estate, net of recoveries

    6,632

    5,990

    8,309

    Executive retirement costs

    668

    3,454

    7,520

    333,684

    320,492

    307,959

    Gain on disposition of real estate

    42,290

    47,485

    17,443

    Earnings from operations

    577,872

    555,104

    482,537

    Other expenses (revenues):

    Interest and other income

    (2,980
    )

    (1,134
    )

    (149
    )

    Interest expense

    184,017

    163,898

    148,065

    181,037

    162,764

    147,916

    Net earnings

    396,835

    392,340

    334,621

    Loss attributable to noncontrolling interests

    —

    —

    5

    Net earnings attributable to stockholders
     
    $
    396,835

    $
    392,340

    $
    334,626

    Net earnings per share:

    Basic
     
    $
    2.16

    $
    2.16

    $
    1.89

    Diluted
     
    $