NNN REIT, Inc. Prices Offering of $500 Million of 5.500% Senior Unsecured Notes Due 2034

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NNN REIT, Inc. (NYSE: NNN) today announced that it has priced its public offering of $500,000,000 of 5.500% senior unsecured notes due 2034. The notes were offered at 98.768% of the principal amount with a yield to maturity of 5.662%. Interest on the notes will be payable semi-annually on June 15 and December 15 of each year, commencing on December 15, 2024. The notes mature on June 15, 2034. The offering is expected to close on or about May 29, 2024, subject to customary closing conditions.

Total Shareholder Return Comparison

	1 Year	5 Years	10 Years	15 Years	20 Years	25 Years	30 Years
NNN REIT	5.3%	11.5%	5.3%	9.5%	10.0%	12.4%	11.3%
Indices
* NAREIT Equity REIT Index (FNERTR)	9.2%	9.5%	5.7%	8.9%	7.6%	9.9%	9.7%
* Morgan Stanley REIT Index (RMS G)	10.2%	11.3%	5.3%	8.7%	7.5%	9.7%	9.5%
S&P 500 Index (SPX)	8.2%	18.6%	12.5%	13.1%	10.2%	7.4%	10.5%
* S&P 400 Index (MID)	-2.7%	16.9%	8.4%	10.8%	9.3%	8.8%	11.2%

1 Year

5 Years

10 Years

15 Years

20 Years

25 Years

30 Years

NNN REIT

5.3%

11.5%

5.3%

9.5%

10.0%

12.4%

11.3%

Indices

* NAREIT Equity REIT Index (FNERTR)

9.2%

9.5%

5.7%

8.9%

7.6%

9.9%

9.7%

* Morgan Stanley REIT Index (RMS G)

10.2%

11.3%

5.3%

8.7%

7.5%

9.7%

9.5%

S&P 500 Index (SPX)

8.2%

18.6%

12.5%

13.1%

10.2%

7.4%

10.5%

* S&P 400 Index (MID)

-2.7%

16.9%

8.4%

10.8%

9.3%

8.8%

11.2%

For Periods Ending March 31, 2025. Total Return comprised of stock price appreciation plus dividends paid.

* NNN is a member of this index. Source: Bloomberg

NNN REIT, Inc. Prices Offering of $500 Million of 5.500% Senior Unsecured Notes Due 2034

Release Type

Dividend Yield

Total Shareholder Return Comparison