Company: NNN
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000950170-25-017472
Chunk: 77

Company: NNN REIT, INC.
Filing Date: 2025-02-11
Form: 10-K
Item: Item 1B
Chunk 77
---
651 shares – stock purchase plan

    —

    280

    —

    —

    280

    650,135 shares – ATM equity program

    7

    29,143

    —

    —

    29,150

    275,317 restricted shares – net of forfeitures

    3

    (3
    )

    —

    —

    —

    Stock issuance costs

    —

    (954
    )

    —

    —

    (954
    )

    Amortization of deferred compensation

    —

    11,100

    —

    —

    11,100

    Amortization of interest rate hedges

    —

    —

    —

    2,471

    2,471

    Balances at December 31, 2023
     
    $
    1,826

    $
    4,971,625

    $
    (805,883
    )
     
    $
    (10,111
    )
     
    $
    4,157,457

See accompanying notes to consolidated financial statements.

52

NNN REIT, INC.and SUBSIDIARIESCONSOLIDATED STATEMENTS OF EQUITY – CONTINUEDYears Ended December 31, 2024, 2023 and 2022(dollars in thousands, except per share data) 

    CommonStock

    Capital in  Excess of  Par Value

    Accumulated Deficit

    AccumulatedOtherComprehensive Income (Loss)

    Total Equity

    Balances at December 31, 2023
     
    $
    1,826

    $
    4,971,625

    $
    (805,883
    )
     
    $
    (10,111
    )
     
    $
    4,157,457

    Net earnings

    —

    —

    396,835

    —

    396,835

    Dividends declared and paid:

    $2.290 per share of common stock

    1

    2,543

    (420,239
    )

    —

    (417,695
    )

    Issuance of common stock:

    36,614 shares – director compensation

    —

    1,279

    —

    —

    1,279

    4,060 shares – stock purchase plan