NNN REIT, Inc. (NNN)

Solvency & Capital Structure

Total Debt

$4.85B

Net Debt

$4.85B

NNN REIT, Inc. currently has $4.85B in total debt. Net debt is $4.85B after cash offsets.

Financial Fundamentals

NNN • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-03-31	4.85	0.00	4.85	9.42	51.5%
2025-12-31	4.82	0.01	4.82	9.38	51.4%
2025-09-30	4.87	0.16	4.71	9.48	51.4%
2025-06-30	4.64	0.01	4.64	9.15	50.8%
2025-03-31	4.49	0.01	4.49	9.02	49.8%
2024-12-31	4.37	0.01	4.37	8.87	49.3%
2024-09-30	4.37	0.17	4.20	8.92	49.0%
2024-06-30	4.38	0.00	4.38	8.73	50.2%
2024-03-31	4.35	0.00	4.35	8.71	49.9%
2023-12-31	4.36	0.00	4.36	8.66	50.3%
2023-09-30	4.23	0.08	4.15	8.56	49.4%
2023-06-30	4.07	0.00	4.07	8.35	48.8%
2023-03-31	3.96	0.00	3.96	8.24	48.1%
2022-12-31	3.92	0.00	3.91	8.15	48.1%
2022-09-30	3.80	0.00	3.79	7.95	47.7%
2022-06-30	3.79	0.00	3.78	7.80	48.5%
2022-03-31	3.75	0.05	3.69	7.77	48.2%
2021-12-31	3.75	0.17	3.58	7.75	48.3%
2021-09-30	3.75	0.54	3.20	8.13	46.1%
2021-06-30	3.31	0.25	3.06	7.68	43.1%
2021-03-31	3.31	0.31	3.00	7.71	42.9%
2020-12-31	3.22	0.27	2.95	7.64	42.2%
2020-09-30	3.22	0.29	2.93	7.63	42.2%
2020-06-30	3.22	0.22	2.99	7.63	42.2%
2020-03-31	3.22	0.22	3.00	7.65	42.1%
2019-12-31	2.99	0.00	2.99	7.43	40.2%
2019-09-30	2.85	0.35	2.50	7.63	37.4%
2019-06-30	2.92	0.00	2.91	7.25	40.2%
2019-03-31	2.85	0.08	2.77	7.14	40.0%
2018-12-31	2.85	0.11	2.74	7.10	40.1%
2018-09-30	3.15	0.61	2.54	7.36	42.8%
2018-06-30	2.63	0.00	2.63	6.74	39.0%
2018-03-31	2.64	0.00	2.63	6.66	39.6%
2017-12-31	2.58	0.00	2.58	6.56	39.3%
2017-09-30	2.71	0.25	2.45	6.63	40.9%
2017-06-30	2.53	0.00	2.52	6.34	39.9%
2017-03-31	2.31	0.03	2.28	6.11	37.8%
2016-12-31	2.31	0.29	2.02	6.33	36.5%
2016-09-30	2.16	0.01	2.15	5.86	36.8%
2016-06-30	2.12	0.01	2.10	5.79	36.6%
2016-03-31	1.97	0.02	1.95	5.55	35.5%
2015-12-31	1.98	0.03	1.95	5.46	36.2%
2015-09-30	2.02	0.01	2.01	5.35	37.8%
2015-06-30	1.87	0.01	1.85	5.13	36.4%
2015-03-31	1.78	0.02	1.77	5.02	35.5%
2014-12-31	1.74	0.02	1.72	4.93	35.3%
2014-09-30	1.86	0.02	1.84	4.87	38.2%
2014-06-30	1.72	0.10	1.63	4.65	37.0%
2014-03-31	1.62	0.02	1.60	4.52	35.7%
2013-12-31	1.57	0.01	1.56	4.45	35.2%
2013-09-30	1.52	0.02	1.50	4.44	34.3%
2013-06-30	1.75	0.25	1.50	4.65	37.6%
2013-03-31	1.46	0.02	1.44	4.00	36.4%
2012-12-31	1.59	0.02	1.57	3.99	39.8%
2012-09-30	1.53	0.14	1.39	3.93	39.0%
2012-06-30	1.37	0.00	1.37	3.70	37.1%
2012-03-31	1.30	0.00	1.30	3.61	36.0%
2011-12-31	1.25	0.00	1.25	3.43	36.4%
2011-09-30	1.25	0.02	1.23	3.15	39.7%
2011-06-30	0.95	0.00	0.95	2.80	34.0%
2011-03-31	1.16	0.00	1.16	2.75	42.1%
2010-12-31	0.95	0.00	0.95	2.71	35.0%
2010-09-30	1.01	0.00	1.00	2.61	38.6%
2010-06-30	0.97	0.05	0.91	2.59	37.3%
2010-03-31	0.99	0.03	0.96	2.60	38.2%
2009-12-31	0.96	0.02	0.95	2.59	37.1%
2009-09-30	0.99	0.02	0.96	2.65	37.2%
2009-06-30	1.01	0.00	1.01	2.64	38.2%
2009-03-31	1.01	0.00	1.01	2.64	38.2%
2008-12-31	1.03	0.00	1.02	2.65	38.7%
2008-09-30	1.02	0.00	1.02	2.64	38.9%
2008-06-30	1.02	0.00	1.02	2.67	38.4%
2008-03-31	1.02	0.02	1.01	2.66	38.5%
2007-12-31	0.90	0.03	0.87	2.54	35.6%
2007-09-30	0.96	0.03	0.93	2.34	41.1%
2007-06-30	0.71	0.00	0.71	2.22	32.1%
2007-03-31	0.75	0.06	0.69	1.99	37.7%
2006-12-31	0.78	0.00	0.78	1.92	40.5%
2006-09-30	0.83	0.10	0.73	1.82	45.6%
2006-06-30	0.73	0.00	0.72	1.70	42.8%
2006-03-31	0.77	0.02	0.75	1.78	43.5%
2005-12-31	0.86	0.01	0.85	1.73	49.7%
2005-09-30	0.67	0.01	0.66	1.55	43.4%
2005-06-30	0.63	0.01	0.62	1.50	42.0%
2005-03-31	0.54	0.00	0.53	1.32	40.6%
2004-12-31	0.52	0.00	0.52	1.30	40.3%
2004-09-30	0.53	0.02	0.52	1.33	40.1%
2004-06-30	0.54	0.01	0.53	1.32	41.4%
2004-03-31	0.50	0.00	0.50	1.27	39.3%
2003-12-31	0.47	0.00	0.46	1.21	38.5%
2003-09-30	0.47	0.00	0.47	1.15	40.9%
2003-06-30	0.44	0.00	0.44	0.99	44.3%
2003-03-31	0.40	0.00	0.40	0.96	42.1%
2002-12-31	0.38	0.00	0.38	0.95	40.3%
2002-09-30	0.41	0.00	0.41	0.98	42.0%
2002-06-30	0.42	0.00	0.42	0.99	42.2%
2002-04-30	0.44	0.00	0.43	1.01	43.4%
2001-12-31	0.44	0.01	0.43	1.01	43.2%
2001-09-30	0.38	0.01	0.37	0.79	48.6%
2001-06-30	0.37	0.01	0.36	0.77	47.3%
2001-03-31	0.36	0.01	0.35	0.77	47.2%
2000-12-31	0.36	0.00	0.36	0.76	47.3%
2000-09-30	0.38	0.00	0.37	0.78	48.6%
2000-06-30	0.36	0.00	0.36	0.76	47.5%
2000-03-31	0.35	0.00	0.35	0.75	46.8%
1999-12-31	0.35	0.00	0.35	0.75	46.8%
1999-09-30	0.35	0.00	0.34	0.74	46.4%
1999-06-30	0.33	0.01	0.32	0.73	45.1%
1999-03-31	0.32	0.00	0.31	0.71	44.2%
1998-12-31	0.29	0.00	0.29	0.69	42.7%
1998-09-30	0.22	0.01	0.22	0.61	36.5%
1998-06-30	0.20	0.00	0.20	0.59	34.0%
1998-03-31	0.17	0.01	0.16	0.55	30.8%
1997-12-31	0.17	0.00	0.17	0.54	32.0%
1997-09-30	0.15	0.01	0.15	0.50	30.4%
1997-06-30	0.18	0.00	0.18	0.47	38.4%
1997-03-31	0.14	0.00	0.14	0.43	32.4%
1996-12-31	0.12	0.00	0.12	0.37	31.6%
1996-09-30	0.10	0.01	0.09	0.35	28.3%
1996-06-30	0.13	0.00	0.13	0.32	41.3%