ICSC LAS VEGAS 2023

AVAILABLE PROPERTIES FOR SALE/LEASE

5.3%

	1 Year	5 Years	10 Years	15 Years	20 Years	25 Years	30 Years
NNN REIT	7.0%	9. 6%	7.0%	10.0%	9.5%	12.3%	11.0%
Indices
* NAREIT Equity REIT Index (FNERTR)	9.2%	6.7%	6.6%	9.1%	6.8%	9.4%	9.4%
* Morgan Stanley REIT Index (RMS G)	8.9%	8.6%	6.3%	8.9%	6.6%	9.2%	9.3%
S&P 500 Index (SPX)	15.1%	16.6%	13.6%	14.8%	10.7%	8.0%	10.5%
* S&P 400 Index (MID)	7.5%	13.4%	9.2%	12.0%	9.5%	9.3%	11.2%

For Periods Ending June 30, 2025. Total Return comprised of stock price appreciation plus dividends paid.

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