Total Debt for NNN REIT (NNN)
According to NNN REIT's latest reported financial statements, the company's latest reported total debt is $4.82B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

NNN
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Latest period
$4.82B
YoY change
+10.2%
5Y CAGR
+8.4%
Peak year (2025)
$4.82B
Latest annual
$4.82B
Total Debt history chart for NNN REIT (NNN) from 1985 to 2025
Total Debt history table for NNN REIT (NNN) from 1985 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $4.82B | +10.2% | ||
| 2024 | $4.37B | +0.3% | ||
| 2023 | $4.36B | +11.4% | ||
| 2022 | $3.92B | +4.5% | ||
| 2021 | $3.75B | +16.3% | ||
| 2020 | $3.22B | +7.8% | ||
| 2019 | $2.99B | +4.8% | ||
| 2018 | $2.85B | +10.5% | ||
| 2017 | $2.58B | +11.6% | ||
| 2016 | $2.31B | +17.0% | ||
| 2015 | $1.98B | +13.5% | ||
| 2014 | $1.74B | +10.9% | ||
| 2013 | $1.57B | -1.1% | ||
| 2012 | $1.59B | +26.9% | ||
| 2011 | $1.25B | +31.8% | ||
| 2010 | $948.42M | -1.4% | ||
| 2009 | $962.06M | -6.3% | ||
| 2008 | $1.03B | +13.7% | ||
| 2007 | $902.79M | +16.2% | ||
| 2006 | $776.74M | -9.8% | ||
| 2005 | $861.04M | +64.2% | ||
| 2004 | $524.24M | +12.7% | ||
| 2003 | $465.14M | +20.9% | ||
| 2002 | $384.59M | -11.7% | ||
| 2001 | $435.33M | +20.8% | ||
| 2000 | $360.38M | +2.7% | ||
| 1999 | $350.97M | +19.8% | ||
| 1998 | $292.91M | +70.5% | ||
| 1997 | $171.84M | +46.8% | ||
| 1996 | $117.05M | +41.7% | ||
| 1995 | $82.60M | +458.1% | ||
| 1994 | $14.80M | — | ||
| 1993 | $0 | — | ||
| 1992 | $0 | — | ||
| 1991 | $0 | — | ||
| 1990 | $0 | — | ||
| 1989 | $0 | — | ||
| 1988 | $0 | — | ||
| 1987 | $0 | — | ||
| 1986 | $0 | — | ||
| 1985 | $0 | — |
Total Debt values are taken from NNN REIT's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual total debt for NNN REIT (NNN) came in at $4.82B – grew 10.2% year-over-year.
Through 2020–2025 (5 years), NNN REIT total debt delivered a +8.4% annualised rate; with the latest reading among the more recent periods of the dataset.
2025 marks the peak total debt at $4.82B, with the historical low of $0 recorded in 1985.
Among 8 Real Estate peers, NNN REIT (NNN) ranks 9th; the peer median for total debt is $26.68B.
NNN REIT Total Debt by Year
NNN REIT Total Debt 2025: $4.82B
NNN REIT total debt in 2025 was $4.82B, grew 10.2% from 2024. This figure represents the highest annual value in the available history.
NNN REIT Total Debt 2024: $4.37B
NNN REIT total debt in 2024 was $4.37B, edged up 0.3% from 2023.
NNN REIT Total Debt 2023: $4.36B
NNN REIT total debt in 2023 was $4.36B, grew 11.4% from 2022.
NNN REIT Total Debt 2022: $3.92B
NNN REIT total debt in 2022 was $3.92B, edged up 4.5% from 2021.
NNN REIT Total Debt 2021: $3.75B
NNN REIT total debt in 2021 was $3.75B.
See more financial history for NNN REIT (NNN).
Sector peers — Total Debt
Companies in the same sector as NNN REIT, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| American Tower Corporation (AMT) | $44.96B | Real Estate |
| Prologis, Inc. (PLD) | $35.04B | Real Estate |
| Realty Income Corporation (O) | $32.85B | Real Estate |
| Simon Property Group, Inc. (SPG) | $29.19B | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $24.18B | Real Estate |
| Equinix, Inc. (EQIX) | $22.73B | Real Estate |
| Welltower Inc. (WELL) | $21.38B | Real Estate |
| Public Storage (PSA) | $10.25B | Real Estate |
Frequently asked questions
What is NNN REIT's total debt?
- Latest reported total debt for NNN REIT (NNN) is $4.82B (period ending December 31, 2025).
How has NNN REIT total debt changed year-over-year?
- NNN REIT (NNN) total debt changed +10.2% year-over-year on the latest annual filing.
What is the long-term growth rate of NNN REIT total debt?
- NNN REIT (NNN) total debt compound annual growth rate is +8.4% over the most recent 5 years available.
When did NNN REIT total debt hit its highest annual value?
- NNN REIT total debt reached its highest annual value of $4.82B in 2025.
What was NNN REIT total debt in 2024?
- NNN REIT (NNN) total debt in 2024 was $4.37B.
What was NNN REIT total debt in 2025?
- NNN REIT (NNN) total debt in 2025 was $4.82B.
Metrics overview
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