Fourth Quarter 2025 Earnings Call - Wednesday, February 11, 10:30 AM EDT

Total Shareholder Return Comparison

5 Years 10 Years 15 Years 20 Years 25 Years 30 Years
NNN REIT 4.7% 4.8% 7.8% 9.1% 12.0% 10.7%
Indices
* NAREIT Equity REIT Index (FNERTR) 4.9% 5.8% 7.8% 6.6% 9.0% 9.1%
* Morgan Stanley REIT Index (RMS G) 6.6% 5.7% 7.7% 6.5% 8.6% 9.1%
   S&P 500 Index (SPX) 14.4% 14.8% 14.0% 11.0% 8.8% 10.3%
* S&P 400 Index (MID) 9.1% 10.7% 10.7% 9.4% 9.3% 11.0%

For Periods Ending December 31, 2025. Total Return comprised of stock price appreciation plus dividends paid.

* NNN is a member of this index. Source: Bloomberg

Celebrating36 Consecutive Annual Dividend Increases
NNN Reit