---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-109398"
form_type: "8-K"
ticker: "NNN"
cik: "0000751364"
company_name: "NNN REIT, INC."
filed_at: "2025-08-15T23:59:59+00:00"
generated_at: "2026-05-17T12:40:20.459049+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# NNN REIT reports legislation permanently extends 20% dividend deduction; REIT subsidiary asset limit to 25%

## Summary
- Non-corporate shareholders' 20% deduction on ordinary dividends made permanent, no longer expiring end of 2025.
- Effective Jan 1, 2026, the 20% asset test quarterly limit on taxable REIT subsidiary securities rises to 25%.
- Modifications to previous prospectus tax disclosures due to new legislation.
- No financial impact, guidance, or other material business changes reported.

## SEC filing metadata
- accession: 0000950170-25-109398
- form_type: 8-K
- ticker: NNN
- cik: 0000751364
- company_name: NNN REIT, INC.
- filed_at: 2025-08-15T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/751364/000095017025109398/0000950170-25-109398-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/751364/000095017025109398/nnn-20250815.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-109398
- JSON: https://secwatch.observer/filing/0000950170-25-109398.json
- Plain text: https://secwatch.observer/filing/0000950170-25-109398.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.