other material
confidence high
sentiment neutral
materiality 0.60
NNN REIT enters new equity distribution agreement for up to 25M shares
NNN REIT, INC.
- New ATM program allows sale of up to 25,000,000 common shares via agents or forward purchasers.
- Agreement dated Aug 6, 2026 replaces prior equity distribution agreement from Aug 3, 2023.
- Commissions up to 2.0% of gross sales price; forward sales may be contingent or non-contingent.
- Company expects physical settlement for forward transactions, receiving net cash proceeds; may also cash/net share settle.