NNN REIT, Inc. (NNN)

NNN REIT Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	387.27	389.78	396.84	392.34	334.62	290.11
Depreciation & Amortization	274.62	268.44	249.68	238.63	223.83	205.22
Stock-Based Compensation	13.73	15.04	12.84	13.38	17.33	14.49
Other Adjustments	-8.01	-10.3	-25.86	-32.94	-0.53	28.19
Change in Receivables	-2.93	-2.42	0.38	-8.31	3.92	22.32
Changes in Accrued Expenses	-2.38	10.86	-4.68	10.55	-0.1	4.52
Changes in Other Operating Activities	-11.23	-4.27	6.31	-1.23	-0.73	3.57
Operating Cash Flow	650.88	667.13	635.5	612.41	578.36	568.43
Operating Cash Flow Growth	0.43%	4.98%	3.77%	5.89%	1.75%	26.26%
Capital Expenditures	-847.84	-937.08	-572.87	-795.79	-842.87	-553.32
Sale of Property, Plant & Equipment	211.49	191.16	149.83	116.33	66.96	123.05
Proceeds from Sale of Investments	-	0.46	0.6	0.56	0.52	0.49
Other Investing Activities	-1.2	-	-	-	-2.24	-2.39
Investing Cash Flow	-639.13	-748.06	-424.34	-680.66	-777.63	-432.18
Short-Term Debt Issued	992.3	1,093	545.5	872.5	688	-
Short-Term Debt Repaid	-1,029	-744.7	-677.5	-906.7	-521.8	-
Net Short-Term Debt Issued (Repaid)	-36.3	348.1	-132	-34.2	166.2	-
Long-Term Debt Issued	795.91	495.91	493.84	488.38	-	881.17
Long-Term Debt Repaid	-400	-400	-350	-9.95	-0.66	-371.96
Net Long-Term Debt Issued (Repaid)	395.91	95.91	143.84	478.43	-0.66	509.21
Issuance of Common Stock	85.47	85.43	217.58	32.33	253.97	4.05
Net Common Stock Issued (Repurchased)	85.47	85.43	217.58	32.33	253.97	4.05
Repurchase of Preferred Stock	-	-	-	-	-	-345
Net Preferred Stock Issued (Repurchased)	-	-	-	-	-	-345
Common Dividends Paid	-448.37	-443.2	-420.24	-404.46	-380.54	-367.29
Preferred Share Dividends Paid	-	-	-	-	-	-15
Other Financing Activities	-8.59	-8.54	-16.44	-5.48	-4.24	-18.14
Financing Cash Flow	-11.88	77.69	-207.26	66.63	34.73	-232.16
Net Cash Flow	-0.13	-3.24	3.91	-1.62	-164.54	-95.91
Free Cash Flow	-196.96	-269.95	62.63	-183.38	-264.52	15.1
Free Cash Flow Growth	-	-	-	-	-	-94.06%
FCF Margin	-21.05%	-29.15%	7.20%	-22.14%	-34.22%	2.08%
Free Cash Flow Per Share	-1.04	-1.44	0.34	-1.01	-1.49	0.09
Levered Free Cash Flow	160.05	171.74	87.12	288.73	-119.7	433.42
Unlevered Free Cash Flow	5.45	-72.57	256.31	7.26	-137.32	109.09

Updated Apr 30, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q