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NNN 424B5: Secondary offering

NNN REIT, Inc.

Filed with the SEC on · accession 0001193125-26-338365

NNN filed a 424B5 (prospectus (offering)) with the SEC on Aug 6, 2026. The final terms of an offering of shares or bonds. The stock moved -0.8% by the first close after the filing.

Summary of the filing

NNN REIT, Inc. filed a prospectus supplement for an at-the-market offering of up to 25,000,000 shares of common stock through multiple agents and forward sale agreements, replacing its prior ATM program from August 2023.

For details, click here →How to read a 424B5 →

Key details

Maximum shares offeredshares 25.0M
Maximum commission ratepercent 2
IssuerNNN REIT, Inc.
Agent/forward purchaserWells Fargo Securities, LLC
AgentBofA Securities, Inc.
AgentBTIG, LLC
AgentCitigroup Global Markets Inc.
Agent/forward purchaserJefferies LLC
AgentMizuho Securities USA LLC
Agent/forward purchaserMorgan Stanley & Co. LLC
Agent/forward purchaserRaymond James & Associates, Inc.
AgentRBC Capital Markets, LLC
AgentTD Securities (USA) LLC
AgentTruist Securities, Inc.
Forward purchaserWells Fargo Bank, National Association
Forward purchaserBank of America, N.A.
Forward purchaserCitibank, N.A.
Forward purchaserMizuho Markets Americas LLC
Forward purchaserNomura Global Financial Products, Inc.
Forward purchaserRoyal Bank of Canada
Forward purchaserThe Toronto-Dominion Bank
Forward purchaserTruist Bank

How NNN stock reacted

Close before

$47.36

Aug 5, 2026

First close after

-0.76%

$47.00

5 trading days

-3.27%

$45.81

Since filing

-13.18%

$41.12

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Frequently asked questions

What did NNN file with the SEC on Aug 6, 2026?

NNN filed a 424B5 (Secondary offering). NNN REIT, Inc. filed a prospectus supplement for an at-the-market offering of up to 25,000,000 shares of common stock through multiple agents and forward sale agreements, replacing its prior ATM program from August 2023.

What does a secondary offering mean for NNN stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did NNN stock react to this filing?

NNN closed at $47.36 before the filing and $47.00 on Aug 6, 2026 (-0.76%). Five trading days later: $45.81 (-3.27%).

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