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NNN Reit, Inc. balance sheet

At the end of fiscal 2025, NNN Reit, Inc. had total assets of $9.38bn, total liabilities of $4.97bn and shareholders' equity of $4.41bn. It held $5.0m in cash against $348m of debt: net debt of $343m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025
Cash and equivalents1522211114295111412671713195
Total assets2,5912,7143,4353,9884,4554,9165,4606,3346,5617,1037,4357,6387,7518,1468,6628,8739,379
Long-term debt————————————————200
Total debt2536236223992624141313121111176132—348
Total liabilities1,0241,1851,4311,6901,6761,8322,1182,4172,7202,9493,1033,3193,8494,0234,5054,5104,971
Shareholders' equity1,5641,5272,0022,2962,7773,0833,3423,9173,8414,1544,3324,3193,9024,1244,1574,3624,408
Net debt (negative = net cash)1036036023681610−28112−10211−256−161174131−9343
Shares outstanding82m84m105m112m122m132m141m147m154m162m172m175m176m181m182m188m190m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from NNN Reit, Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to NNN Reit, Inc.