NNN Reit, Inc. NNN

What this company does

NNN acquires, owns, invests in and develops properties that are leased primarily to tenants under long-term, net leases, with minimal ongoing capital expenditures and are primarily held for investment. In most cases, its property leases provide for initial terms of 10 to 20 years and a triple-net lease structure, under which the tenant bears responsibility for operating expenses of the property, including utilities, real estate taxes and assessments, property and liability insurance, maintenance, repairs and capital expenditures. NNN owned 3,692 properties in all 50 states, the District of Columbia and Puerto Rico, with an aggregate gross leasable area of approximately 39,578,000 square feet and a weighted average remaining lease term of 10.2 years as of December 31, 2025. As of December 31, 2025, 98.3 percent of the properties were leased. As of January 30, 2026, the Company employed 85 associates. NNN is a Maryland corporation, formed in 1984, that operates as a fully integrated real estate investment trust. The common shares of NNN REIT, Inc. are traded on the New York Stock Exchange under the ticker symbol NNN.

Written from the business description in NNN REIT, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 11 February 2026. Every sentence was checked against that document before publication.