NNN REIT enters equity distribution agreement for up to 25,000,000 common shares

The program includes forward sale agreements; the company expects physical settlement of fixed share forwards for net cash proceeds at settlement.

Sales-agent commissions are capped at 2.0% of gross sales; forward sale commissions are reflected in a reduced forward sale price, capped at 2.0%.

NNN REIT entered a new equity distribution agreement, replacing its 2023 program, for up to 25,000,000 common shares.

Shares may be sold from time to time through sales agents or directly to agents as principals at prices set at the time of sale.