NNN REIT Files Q1 2025 10-Q
Ticker: NNN · Form: 10-Q · Filed: 2025-05-01T00:00:00.000Z
Sentiment: neutral
Topics: real-estate, REIT, quarterly-report
TL;DR
NNN REIT dropped its Q1 2025 10-Q. Check financials.
AI Summary
NNN REIT, Inc. filed its 10-Q for the period ending March 31, 2025. The company, formerly known as National Retail Properties, Inc., reported financial results and business updates. Key financial data points and disclosures related to its real estate portfolio are included in this filing.
Why It Matters
This filing provides investors with an update on NNN REIT's financial performance and operational status for the first quarter of 2025, crucial for assessing its investment value.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures for a publicly traded REIT.
Key Numbers
- $1,200,000,000 — Accumulated Gain Loss Net Cash Flow Hedge Parent Member (Financial metric reported as of March 31, 2025.)
Key Players & Entities
- NNN REIT, Inc. (company) — Filer of the 10-Q
- National Retail Properties, Inc. (company) — Former name of NNN REIT, Inc.
- 450 S ORANGE AVE (location) — Business and mailing address street 1
- ORLANDO (location) — Business and mailing address city
- FL (location) — Business and mailing address state
- 32801 (location) — Business and mailing address zip code
FAQ
What is the reporting period for this 10-Q filing?
The 10-Q filing is for the period ending March 31, 2025.
What was NNN REIT, Inc. formerly known as?
NNN REIT, Inc. was formerly known as National Retail Properties, Inc. and Commercial Net Lease Realty Inc.
What is the business address of NNN REIT, Inc.?
The business address is 450 S Orange Ave, Suite 900, Orlando, FL 32801.
What is the SEC file number for NNN REIT, Inc.?
The SEC file number is 001-11290.
What is the fiscal year end for NNN REIT, Inc.?
The fiscal year end for NNN REIT, Inc. is December 31.
From the Filing
0000950170-25-061454.txt : 20250501 0000950170-25-061454.hdr.sgml : 20250501 20250501083228 ACCESSION NUMBER: 0000950170-25-061454 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 57 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250501 DATE AS OF CHANGE: 20250501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NNN REIT, INC. CENTRAL INDEX KEY: 0000751364 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction EIN: 561431377 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-11290 FILM NUMBER: 25899665 BUSINESS ADDRESS: STREET 1: 450 S ORANGE AVE STREET 2: SUITE 900 CITY: ORLANDO STATE: FL ZIP: 32801 BUSINESS PHONE: 407-265-7348 MAIL ADDRESS: STREET 1: 450 SOUTH ORANGE AVE STREET 2: SUITE 900 CITY: ORLANDO STATE: FL ZIP: 32801 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL RETAIL PROPERTIES, INC. DATE OF NAME CHANGE: 20060501 FORMER COMPANY: FORMER CONFORMED NAME: COMMERCIAL NET LEASE REALTY INC DATE OF NAME CHANGE: 19930510 FORMER COMPANY: FORMER CONFORMED NAME: CNL REALTY INVESTORS INC /DE/ DATE OF NAME CHANGE: 19930429 10-Q 1 nnn-20250331.htm 10-Q 10-Q false 12/31 Q1 0000751364 1,200,000,000 0000751364 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2025-03-31 0000751364 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000751364 srt:MinimumMember 2025-01-01 2025-03-31 0000751364 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0000751364 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0000751364 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-01-01 2025-03-31 0000751364 us-gaap:SubsequentEventMember 2025-04-30 2025-04-30 0000751364 srt:MaximumMember us-gaap:BuildingAndBuildingImprovementsMember 2025-03-31 0000751364 us-gaap:LeasesAcquiredInPlaceMember 2025-01-01 2025-03-31 0000751364 srt:MaximumMember 2025-01-01 2025-03-31 0000751364 2025-04-28 0000751364 us-gaap:LeasesAcquiredInPlaceMember 2024-12-31 0000751364 us-gaap:CommonStockMember 2024-03-31 0000751364 us-gaap:AboveMarketLeasesMember 2025-03-31 0000751364 us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember 2025-01-01 2025-03-31 0000751364 nnn:AboveMarketAndBelowMarketLeasesMember 2025-01-01 2025-03-31 0000751364 us-gaap:CommonStockMember 2023-12-31 0000751364 us-gaap:RevolvingCreditFacilityMember 2024-04-30 0000751364 us-gaap:LineOfCreditMember 2025-03-31 0000751364 us-gaap:AssetUnderConstructionMember 2025-03-31 0000751364 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0000751364 us-gaap:RetainedEarningsMember 2024-03-31 0000751364 nnn:LondonInterbankOfferedRatesLiborMember 2025-01-01 2025-03-31 0000751364 us-gaap:RetainedEarningsMember 2023-12-31 0000751364 nnn:AboveMarketAndBelowMarketLeasesMember 2024-01-01 2024-03-31 0000751364 us-gaap:LoansPayableMember 2025-03-31 0000751364 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0000751364 us-gaap:AboveMarketLeasesMember 2024-12-31 0000751364 srt:MinimumMember us-gaap:BuildingAndBuildingImprovementsMember 2025-03-31 0000751364 2023-12-31 0000751364 us-gaap:FairValueInputsLevel2Member 2025-01-01 2025-03-31 0000751364 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2024-12-31 0000751364 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0000751364 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0000751364 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0000751364 2024-01-01 2024-03-31 0000751364 2025-01-01 2025-03-31 0000751364 us-gaap:LeasesAcquiredInPlaceMember 2024-01-01 2024-03-31 0000751364 nnn:AtmequityprogramtwothousandtwentythreeMember 2025-03-31 0000751364 nnn:DripMember 2024-02-29 0000751364 us-gaap:RetainedEarningsMember 2024-12-31 0000751364 us-gaap:AssetUnderConstructionMember 2024-12-31 0000751364 nnn:DripMember 2025-01-01 2025-03-31 0000751364 us-gaap:CommonStockMember 2025-01-01 2025-03-31 0000751364 us-gaap:LeasesAcquiredInPlaceMember 2025-03-31 0000751364 us-gaap