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NNN REIT INC. 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings and NNN REIT INC.’s Form 8-K, filed 2024-05-16 (Item 5.07 on EDGAR). Page generated 02 October 2026.

13Reported items
435Asset managers
5,124Fund votes
2024-05-15Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore NNN REIT INC. in the interactive database Compare manager voting policies

Official 2023-2024 meeting results reported by NNN REIT INC.

These tallies are NNN REIT INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2024-05-16 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

NNN REIT INC. — official shareholder meeting results, meeting held 2024-05-15
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Pamela K. M. Beall	153,548,559	--	249,679	993,663	13,134,608	Majority: yes
Elect Director: Steven D. Cosler	152,598,348	--	249,328	1,944,225	13,134,608	Majority: yes
Elect Director: David M. Fick	150,472,200	--	282,148	4,037,553	13,134,608	Majority: yes
Elect Director: Edward J. Fritsch	150,296,653	--	261,994	4,233,254	13,134,608	Majority: yes
Elect Director: Elizabeth C. Gulacsy	153,751,306	--	276,060	764,535	13,134,608	Majority: yes
Elect Director: Kevin B. Habicht	144,727,552	--	257,466	9,806,883	13,134,608	Majority: yes
Elect Director: Betsy D. Holden	151,902,178	--	252,554	2,637,169	13,134,608	Majority: yes
Elect Director: Stephen A. Horn, Jr.	153,638,996	--	249,436	903,469	13,134,608	Majority: yes
Elect Director: Kamau O. Witherspoon	153,133,208	--	282,387	1,376,306	13,134,608	Majority: yes
Proposal 2: An Advisory Vote on Executive Compensation The Company's stockholders approved, on an advisory basis, the compensation of the Company's named executive officers as set forth below:	149,398,785	4,972,847	420,269	--	13,134,608	Majority: yes
Proposal 3: Ratification of the Appointment of Ernst & Young LLP as the Company's Independent Registered Public Accounting Firm The appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending Decem	166,525,166	1,121,451	279,892	--	--	Majority: yes

Source: NNN REIT INC., Form 8-K, filed with the SEC on 2024-05-16 — read the filing on EDGAR.

How asset managers voted at the NNN REIT INC. 2023-2024 meeting

Each item below shows how the 435 asset managers that disclosed a NNN REIT INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of NNN REIT INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Non-binding advisory approval of the compensation of our named executive officers as described in this Proxy Statement.

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Combines 9 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 149,398,785AGAINST: 4,972,847

NNN REIT INC.’s own tally for this item (“Proposal 2: An Advisory Vote on Executive Compensation The Company's stockholders approved, on an advisory basis, the compensation of the Company's named executive officers as set forth below:”): 149,398,785 for, 4,972,847 against, per its Form 8-K filed 2024-05-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 183,350,322 outstanding shares: 81% for, 3% against (84% of the company cast a for/against vote).

The 412 asset managers below cast 99% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the company's reported shares outstanding.

FOR 99%

FOR: 98.8%AGAINST: 1.2%ABSTAIN: 0.0%NOT VOTED: 0.0%

Largest asset managers voting on “Non-binding advisory approval of the compensation of our named executive officers as described in this Proxy S” at NNN REIT INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	26,698,017	0	0	For
Victory Capital	20,494,177	0	0	For
BlackRock	17,628,346	1,230	0	For
Fidelity	15,567,628	0	0	For
State Street	14,781,301	0	0	For
Idaho Trust Bank	10,000,000	0	0	For
PRINCIPAL GLOBAL INVESTORS	9,667,392	0	0	For
Charles Schwab	4,814,455	0	0	For
Federated Hermes	4,699,049	0	0	For
Principal	4,307,509	0	0	For
JPMorgan	3,739,104	0	0	For
GEODE CAPITAL MANAGEMENT, LLC	3,205,180	0	0	For
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	2,938,999	0	0	For
RUSH ISLAND MANAGEMENT, LP	2,564,080	0	0	For
Dimensional	2,227,243	0	0	For
Northern Trust	2,010,578	0	0	For
CITY NATIONAL ROCHDALE FUNDS	1,868,552	0	0	For
MELLON INVESTMENTS Corp	1,691,606	0	0	For
CENTERSQUARE INVESTMENT MANAGEMENT LLC	1,598,334	0	0	For
Artisan	1,453,778	0	0	For
Janus Henderson	1,397,130	0	0	For
MFS	1,325,430	0	0	For
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.	1,157,320	0	0	For
Brighthouse	972,961	0	37,305	For
Natixis	923,629	0	0	For

Showing the 25 largest of 412 asset managers. See all 412 in the interactive database.

2. RATIFICATION OF THE SELECTION OF OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBER 31, 2024.

AUDIT-RELATEDMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%

FOR: 166,525,166AGAINST: 1,121,451

NNN REIT INC.’s own tally for this item (“Proposal 3: Ratification of the Appointment of Ernst & Young LLP as the Company's Independent Registered Public Accounting Firm The appointment of Ernst & Young LLP as the Company's independent registered public accounti”): 166,525,166 for, 1,121,451 against, per its Form 8-K filed 2024-05-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 183,350,322 outstanding shares: 91% for, 0.7% against (91% of the company cast a for/against vote).

The 110 asset managers below cast 99.9% of the shares they voted on this item FOR (85,650,351 for, 1,487 against).

FOR 99.9%

FOR: 85,650,351 (100.0%)AGAINST: 1,487 (0.0%)ABSTAIN: 37,305 (0.0%)

Largest asset managers voting on “RATIFICATION OF THE SELECTION OF OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBE” at NNN REIT INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	26,292,863	0	0	For
BlackRock	10,683,271	0	0	For
Victory Capital	8,813,210	0	0	For
Fidelity	6,613,232	0	0	For
Principal	4,307,509	0	0	For
State Street	4,230,890	657	0	For
JPMorgan	3,377,771	0	0	For
Charles Schwab	2,402,768	0	0	For
Federated Hermes	2,294,719	0	0	For
CITY NATIONAL ROCHDALE FUNDS	1,868,552	0	0	For
Dimensional	1,800,860	0	0	For
MFS	1,325,430	0	0	For
Brighthouse	987,989	0	37,305	For
ProShares	736,066	0	0	For
Legg Mason	642,596	0	0	For
Jackson National	623,648	0	0	For
Apollo Diversified Real Estate Fund	557,150	0	0	For
Artisan	532,491	0	0	For
WisdomTree	498,039	0	0	For
Columbia Threadneedle	457,278	0	0	For
AIG/SunAmerica	447,886	0	0	For
TIAA	348,118	0	0	For
Empower	346,454	0	0	For
Voya	342,864	0	0	For
BNY Mellon	332,070	0	0	For

Showing the 25 largest of 110 asset managers. See all 110 in the interactive database.

3. To elect nine directors to serve for a term ending at the 2025 annual meeting of stockholders and until their successors are duly elected and qualified: Kevin B. Habicht

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%

FOR: 144,727,552WITHHELD: 9,806,883

NNN REIT INC.’s own tally for this item (“Elect Director: Kevin B. Habicht”): 144,727,552 for, 9,806,883 withheld, per its Form 8-K filed 2024-05-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 183,350,322 outstanding shares: 79% for, 5% withheld (84% of the company cast a for/withheld vote).

The 108 asset managers below cast 96% of the shares they voted on this item FOR (82,013,528 for, 3,617,685 against).

FOR 96%

FOR: 82,013,528 (95.7%)AGAINST: 3,617,685 (4.2%)ABSTAIN: 37,305 (0.0%)

Largest asset managers voting on “To elect nine directors to serve for a term ending at the 2025 annual meeting of stockholders and until their ” at NNN REIT INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	26,292,863	0	0	For
BlackRock	10,683,271	0	0	For
Victory Capital	8,813,210	0	0	For
Fidelity	6,613,232	0	0	For
Principal	4,307,509	0	0	For
State Street	4,230,374	1,173	0	For
JPMorgan	3,377,771	0	0	For
Charles Schwab	2,402,768	0	0	For
Federated Hermes	0	2,294,719	0	Against
CITY NATIONAL ROCHDALE FUNDS	1,868,552	0	0	For
Dimensional	1,800,860	0	0	For
MFS	1,325,430	0	0	For
Brighthouse	987,989	0	37,305	For
ProShares	736,066	0	0	For
Legg Mason	642,596	0	0	For
Jackson National	333,047	290,601	0	For
Apollo Diversified Real Estate Fund	557,150	0	0	For
Artisan	532,491	0	0	For
WisdomTree	0	498,039	0	Against
Columbia Threadneedle	457,278	0	0	For
AIG/SunAmerica	447,886	0	0	For
TIAA	348,118	0	0	For
Empower	346,454	0	0	For
Voya	342,864	0	0	For
BNY Mellon	182,695	149,375	0	For

Showing the 25 largest of 108 asset managers. See all 108 in the interactive database.

4. To elect nine directors to serve for a term ending at the 2025 annual meeting of stockholders and until their successors are duly elected and qualified: Betsy D. Holden

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 151,902,178WITHHELD: 2,637,169

NNN REIT INC.’s own tally for this item (“Elect Director: Betsy D. Holden”): 151,902,178 for, 2,637,169 withheld, per its Form 8-K filed 2024-05-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 183,350,322 outstanding shares: 83% for, 1% withheld (84% of the company cast a for/withheld vote).

The 107 asset managers below cast 99.9% of the shares they voted on this item FOR (85,484,742 for, 46,803 against).

FOR 99.8%

FOR: 85,484,742 (99.9%)AGAINST: 46,803 (0.1%)ABSTAIN: 46,048 (0.1%)

Largest asset managers voting on “To elect nine directors to serve for a term ending at the 2025 annual meeting of stockholders and until their ” at NNN REIT INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	26,292,863	0	0	For
BlackRock	10,683,271	0	0	For
Victory Capital	8,813,210	0	0	For
Fidelity	6,613,232	0	0	For
Principal	4,307,509	0	0	For
State Street	4,230,559	988	0	For
JPMorgan	3,377,771	0	0	For
Charles Schwab	2,402,768	0	0	For
Federated Hermes	2,294,719	0	0	For
CITY NATIONAL ROCHDALE FUNDS	1,868,552	0	0	For
Dimensional	1,800,860	0	0	For
MFS	1,325,430	0	0	For
Brighthouse	987,989	0	37,305	For
ProShares	736,066	0	0	For
Legg Mason	642,596	0	0	For
Jackson National	623,648	0	0	For
Apollo Diversified Real Estate Fund	557,150	0	0	For
Artisan	532,491	0	0	For
WisdomTree	498,039	0	0	For
Columbia Threadneedle	457,278	0	0	For
AIG/SunAmerica	447,886	0	0	For
TIAA	348,118	0	0	For
Empower	346,454	0	0	For
Voya	342,864	0	0	For
BNY Mellon	332,070	0	0	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

5. To elect nine directors to serve for a term ending at the 2025 annual meeting of stockholders and until their successors are duly elected and qualified: David M. Fick

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 150,472,200WITHHELD: 4,037,553

NNN REIT INC.’s own tally for this item (“Elect Director: David M. Fick”): 150,472,200 for, 4,037,553 withheld, per its Form 8-K filed 2024-05-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 183,350,322 outstanding shares: 82% for, 2% withheld (84% of the company cast a for/withheld vote).

The 107 asset managers below cast 99.9% of the shares they voted on this item FOR (85,492,494 for, 39,051 against).

FOR 99.9%

FOR: 85,492,494 (99.9%)AGAINST: 39,051 (0.0%)ABSTAIN: 46,048 (0.1%)

Largest asset managers voting on “To elect nine directors to serve for a term ending at the 2025 annual meeting of stockholders and until their ” at NNN REIT INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	26,292,863	0	0	For
BlackRock	10,683,271	0	0	For
Victory Capital	8,813,210	0	0	For
Fidelity	6,613,232	0	0	For
Principal	4,307,509	0	0	For
State Street	4,229,902	1,645	0	For
JPMorgan	3,377,771	0	0	For
Charles Schwab	2,402,768	0	0	For
Federated Hermes	2,294,719	0	0	For
CITY NATIONAL ROCHDALE FUNDS	1,868,552	0	0	For
Dimensional	1,800,860	0	0	For
MFS	1,325,430	0	0	For
Brighthouse	987,989	0	37,305	For
ProShares	736,066	0	0	For
Legg Mason	642,596	0	0	For
Jackson National	623,648	0	0	For
Apollo Diversified Real Estate Fund	557,150	0	0	For
Artisan	532,491	0	0	For
WisdomTree	498,039	0	0	For
Columbia Threadneedle	457,278	0	0	For
AIG/SunAmerica	447,886	0	0	For
TIAA	348,118	0	0	For
Empower	346,454	0	0	For
Voya	342,864	0	0	For
BNY Mellon	332,070	0	0	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

6. To elect nine directors to serve for a term ending at the 2025 annual meeting of stockholders and until their successors are duly elected and qualified: Edward J. Fritsch

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 150,296,653WITHHELD: 4,233,254

NNN REIT INC.’s own tally for this item (“Elect Director: Edward J. Fritsch”): 150,296,653 for, 4,233,254 withheld, per its Form 8-K filed 2024-05-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 183,350,322 outstanding shares: 82% for, 2% withheld (84% of the company cast a for/withheld vote).

The 107 asset managers below cast 99.6% of the shares they voted on this item FOR (85,209,548 for, 321,996 against).

FOR 99.5%

FOR: 85,209,548 (99.6%)AGAINST: 321,996 (0.4%)ABSTAIN: 46,048 (0.1%)

Largest asset managers voting on “To elect nine directors to serve for a term ending at the 2025 annual meeting of stockholders and until their ” at NNN REIT INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	26,292,863	0	0	For
BlackRock	10,683,271	0	0	For
Victory Capital	8,813,210	0	0	For
Fidelity	6,613,232	0	0	For
Principal	4,307,509	0	0	For
State Street	4,229,008	2,539	0	For
JPMorgan	3,377,771	0	0	For
Charles Schwab	2,402,768	0	0	For
Federated Hermes	2,294,719	0	0	For
CITY NATIONAL ROCHDALE FUNDS	1,868,552	0	0	For
Dimensional	1,800,860	0	0	For
MFS	1,325,430	0	0	For
Brighthouse	987,989	0	37,305	For
ProShares	736,066	0	0	For
Legg Mason	642,596	0	0	For
Jackson National	623,648	0	0	For
Apollo Diversified Real Estate Fund	557,150	0	0	For
Artisan	532,491	0	0	For
WisdomTree	498,039	0	0	For
Columbia Threadneedle	457,278	0	0	For
AIG/SunAmerica	447,886	0	0	For
TIAA	348,118	0	0	For
Empower	114,270	232,184	0	Against
Voya	342,864	0	0	For
BNY Mellon	332,070	0	0	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

7. To elect nine directors to serve for a term ending at the 2025 annual meeting of stockholders and until their successors are duly elected and qualified: Elizabeth C. Gulacsy

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%

FOR: 153,751,306WITHHELD: 764,535

NNN REIT INC.’s own tally for this item (“Elect Director: Elizabeth C. Gulacsy”): 153,751,306 for, 764,535 withheld, per its Form 8-K filed 2024-05-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 183,350,322 outstanding shares: 84% for, 0.5% withheld (84% of the company cast a for/withheld vote).

The 107 asset managers below cast 99.9% of the shares they voted on this item FOR (85,493,984 for, 37,561 against).

FOR 99.9%

FOR: 85,493,984 (99.9%)AGAINST: 37,561 (0.0%)ABSTAIN: 46,048 (0.1%)

Largest asset managers voting on “To elect nine directors to serve for a term ending at the 2025 annual meeting of stockholders and until their ” at NNN REIT INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	26,292,863	0	0	For
BlackRock	10,683,271	0	0	For
Victory Capital	8,813,210	0	0	For
Fidelity	6,613,232	0	0	For
Principal	4,307,509	0	0	For
State Street	4,230,559	988	0	For
JPMorgan	3,377,771	0	0	For
Charles Schwab	2,402,768	0	0	For
Federated Hermes	2,294,719	0	0	For
CITY NATIONAL ROCHDALE FUNDS	1,868,552	0	0	For
Dimensional	1,800,860	0	0	For
MFS	1,325,430	0	0	For
Brighthouse	987,989	0	37,305	For
ProShares	736,066	0	0	For
Legg Mason	642,596	0	0	For
Jackson National	623,648	0	0	For
Apollo Diversified Real Estate Fund	557,150	0	0	For
Artisan	532,491	0	0	For
WisdomTree	498,039	0	0	For
Columbia Threadneedle	457,278	0	0	For
AIG/SunAmerica	447,886	0	0	For
TIAA	348,118	0	0	For
Empower	346,454	0	0	For
Voya	342,864	0	0	For
BNY Mellon	332,070	0	0	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

8. To elect nine directors to serve for a term ending at the 2025 annual meeting of stockholders and until their successors are duly elected and qualified: Kamau O. Witherspoon

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

99.1% Majority: yes · of votes cast

FOR 99.1%

FOR: 153,133,208WITHHELD: 1,376,306

NNN REIT INC.’s own tally for this item (“Elect Director: Kamau O. Witherspoon”): 153,133,208 for, 1,376,306 withheld, per its Form 8-K filed 2024-05-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 183,350,322 outstanding shares: 84% for, 0.8% withheld (84% of the company cast a for/withheld vote).

The 107 asset managers below cast 99.9% of the shares they voted on this item FOR (85,492,884 for, 38,661 against).

FOR 99.9%

FOR: 85,492,884 (99.9%)AGAINST: 38,661 (0.0%)ABSTAIN: 46,048 (0.1%)

Largest asset managers voting on “To elect nine directors to serve for a term ending at the 2025 annual meeting of stockholders and until their ” at NNN REIT INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	26,292,863	0	0	For
BlackRock	10,683,271	0	0	For
Victory Capital	8,813,210	0	0	For
Fidelity	6,613,232	0	0	For
Principal	4,307,509	0	0	For
State Street	4,229,665	1,882	0	For
JPMorgan	3,377,771	0	0	For
Charles Schwab	2,402,768	0	0	For
Federated Hermes	2,294,719	0	0	For
CITY NATIONAL ROCHDALE FUNDS	1,868,552	0	0	For
Dimensional	1,800,860	0	0	For
MFS	1,325,430	0	0	For
Brighthouse	987,989	0	37,305	For
ProShares	736,066	0	0	For
Legg Mason	642,596	0	0	For
Jackson National	623,648	0	0	For
Apollo Diversified Real Estate Fund	557,150	0	0	For
Artisan	532,491	0	0	For
WisdomTree	498,039	0	0	For
Columbia Threadneedle	457,278	0	0	For
AIG/SunAmerica	447,886	0	0	For
TIAA	348,118	0	0	For
Empower	346,454	0	0	For
Voya	342,864	0	0	For
BNY Mellon	332,070	0	0	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

9. To elect nine directors to serve for a term ending at the 2025 annual meeting of stockholders and until their successors are duly elected and qualified: Pamela K. M. Beall

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%

FOR: 153,548,559WITHHELD: 993,663

NNN REIT INC.’s own tally for this item (“Elect Director: Pamela K. M. Beall”): 153,548,559 for, 993,663 withheld, per its Form 8-K filed 2024-05-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 183,350,322 outstanding shares: 84% for, 0.6% withheld (84% of the company cast a for/withheld vote).

The 107 asset managers below cast 99.9% of the shares they voted on this item FOR (85,492,884 for, 38,660 against).

FOR 99.9%

FOR: 85,492,884 (99.9%)AGAINST: 38,660 (0.0%)ABSTAIN: 46,048 (0.1%)

Largest asset managers voting on “To elect nine directors to serve for a term ending at the 2025 annual meeting of stockholders and until their ” at NNN REIT INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	26,292,863	0	0	For
BlackRock	10,683,271	0	0	For
Victory Capital	8,813,210	0	0	For
Fidelity	6,613,232	0	0	For
Principal	4,307,509	0	0	For
State Street	4,229,665	1,882	0	For
JPMorgan	3,377,771	0	0	For
Charles Schwab	2,402,768	0	0	For
Federated Hermes	2,294,719	0	0	For
CITY NATIONAL ROCHDALE FUNDS	1,868,552	0	0	For
Dimensional	1,800,860	0	0	For
MFS	1,325,430	0	0	For
Brighthouse	987,989	0	37,305	For
ProShares	736,066	0	0	For
Legg Mason	642,596	0	0	For
Jackson National	623,648	0	0	For
Apollo Diversified Real Estate Fund	557,150	0	0	For
Artisan	532,491	0	0	For
WisdomTree	498,039	0	0	For
Columbia Threadneedle	457,278	0	0	For
AIG/SunAmerica	447,886	0	0	For
TIAA	348,118	0	0	For
Empower	346,454	0	0	For
Voya	342,864	0	0	For
BNY Mellon	332,070	0	0	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

10. To elect nine directors to serve for a term ending at the 2025 annual meeting of stockholders and until their successors are duly elected and qualified: Stephen A. Horn, Jr.

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%

FOR: 153,638,996WITHHELD: 903,469

NNN REIT INC.’s own tally for this item (“Elect Director: Stephen A. Horn, Jr.”): 153,638,996 for, 903,469 withheld, per its Form 8-K filed 2024-05-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 183,350,322 outstanding shares: 84% for, 0.5% withheld (84% of the company cast a for/withheld vote).

The 107 asset managers below cast 99.9% of the shares they voted on this item FOR (85,539,114 for, 1,174 against).

FOR 99.9%

FOR: 85,539,114 (100.0%)AGAINST: 1,174 (0.0%)ABSTAIN: 37,305 (0.0%)

Largest asset managers voting on “To elect nine directors to serve for a term ending at the 2025 annual meeting of stockholders and until their ” at NNN REIT INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	26,292,863	0	0	For
BlackRock	10,683,271	0	0	For
Victory Capital	8,813,210	0	0	For
Fidelity	6,613,232	0	0	For
Principal	4,307,509	0	0	For
State Street	4,230,374	1,173	0	For
JPMorgan	3,377,771	0	0	For
Charles Schwab	2,402,768	0	0	For
Federated Hermes	2,294,719	0	0	For
CITY NATIONAL ROCHDALE FUNDS	1,868,552	0	0	For
Dimensional	1,800,860	0	0	For
MFS	1,325,430	0	0	For
Brighthouse	987,989	0	37,305	For
ProShares	736,066	0	0	For
Legg Mason	642,596	0	0	For
Jackson National	623,648	0	0	For
Apollo Diversified Real Estate Fund	557,150	0	0	For
Artisan	532,491	0	0	For
WisdomTree	498,039	0	0	For
Columbia Threadneedle	457,278	0	0	For
AIG/SunAmerica	447,886	0	0	For
TIAA	348,118	0	0	For
Empower	346,454	0	0	For
Voya	342,864	0	0	For
BNY Mellon	332,070	0	0	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

11. To elect nine directors to serve for a term ending at the 2025 annual meeting of stockholders and until their successors are duly elected and qualified: Steven D. Cosler

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 152,598,348WITHHELD: 1,944,225

NNN REIT INC.’s own tally for this item (“Elect Director: Steven D. Cosler”): 152,598,348 for, 1,944,225 withheld, per its Form 8-K filed 2024-05-16 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 183,350,322 outstanding shares: 83% for, 1% withheld (84% of the company cast a for/withheld vote).

The 107 asset managers below cast 99.9% of the shares they voted on this item FOR (85,500,927 for, 39,360 against).

FOR 99.9%

FOR: 85,500,927 (99.9%)AGAINST: 39,360 (0.0%)ABSTAIN: 37,305 (0.0%)

Largest asset managers voting on “To elect nine directors to serve for a term ending at the 2025 annual meeting of stockholders and until their ” at NNN REIT INC., 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	26,292,863	0	0	For
BlackRock	10,683,271	0	0	For
Victory Capital	8,813,210	0	0	For
Fidelity	6,613,232	0	0	For
Principal	4,307,509	0	0	For
State Street	4,230,559	988	0	For
JPMorgan	3,377,771	0	0	For
Charles Schwab	2,402,768	0	0	For
Federated Hermes	2,294,719	0	0	For
CITY NATIONAL ROCHDALE FUNDS	1,868,552	0	0	For
Dimensional	1,800,860	0	0	For
MFS	1,325,430	0	0	For
Brighthouse	987,989	0	37,305	For
ProShares	736,066	0	0	For
Legg Mason	642,596	0	0	For
Jackson National	623,648	0	0	For
Apollo Diversified Real Estate Fund	557,150	0	0	For
Artisan	532,491	0	0	For
WisdomTree	498,039	0	0	For
Columbia Threadneedle	457,278	0	0	For
AIG/SunAmerica	447,886	0	0	For
TIAA	348,118	0	0	For
Empower	346,454	0	0	For
Voya	342,864	0	0	For
BNY Mellon	332,070	0	0	For

Showing the 25 largest of 107 asset managers. See all 107 in the interactive database.

12. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTESSECTION 14A SAY-ON-PAY VOTESSECTION 14A SAY-ON-PAY VOTESSECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 149,398,785AGAINST: 4,972,847

The 17 asset managers below cast 92% of the shares they voted on this item FOR (3,631,986 for, 304,153 against).

FOR 92%8%

FOR: 3,631,986 (92.3%)AGAINST: 304,153 (7.7%)

Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at NNN REIT INC., 2023-2024
Asset manager	For	Against	Vote
JPMorgan	2,469,684	0	For
Apollo Diversified Real Estate Fund	557,150	0	For
Empower	346,811	0	For
Desjardins Global Asset Management Inc.	0	298,693	Against
HEITMAN REAL ESTATE SECURITIES LLC	187,407	0	For
LASALLE INVESTMENT MANAGEMENT SECURITIES LLC	23,531	0	For
Investment Managers Series Trust	20,000	0	For
Brighthouse	15,028	0	For
HGI Capital Management, LLC	10,257	0	For
Campion Asset Management	0	5,460	Against
Pinnacle Family Advisors, LLC	815	0	For
GYL FINANCIAL SYNERGIES, LLC	800	0	For
Convergence Investment Partners, LLC	258	0	For
NAPA WEALTH MANAGEMENT	242	0	For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma	2	0	For
TD ASSET MANAGEMENT INC	1	0	For
Moisand Fitzgerald Tamayo, LLC	0	0	--

13. Approve Remuneration Report

SECTION 14A SAY-ON-PAY VOTES

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (236,204 for, 0 against).

FOR: 236,204 (100.0%)

Largest asset managers voting on “Approve Remuneration Report” at NNN REIT INC., 2023-2024
Asset manager	For	Against	Abstain	Withheld	Vote
CAMBIAR INVESTORS LLC	236,180	0	0	0	For
Coyle Financial Counsel LLC	24	0	0	0	For

Largest NNN REIT INC. shareholders voting in 2023-2024

Ranked by the number of NNN REIT INC. shares each manager voted on the most widely held ballot item of the 2023-2024 meeting, shown as a share of the 183,350,322 shares outstanding at the time of that meeting.

Top NNN REIT INC. shareholders by shares voted, 2023-2024
#	Asset manager	% of shares outstanding
1	Vanguard	14.56%
2	Victory Capital	11.18%
3	BlackRock	9.62%
4	Fidelity	8.49%
5	State Street	8.06%
6	Idaho Trust Bank	5.45%
7	PRINCIPAL GLOBAL INVESTORS	5.27%
8	Charles Schwab	2.63%
9	Federated Hermes	2.56%
10	Principal	2.35%

Reported NNN REIT INC. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

NNN REIT INC. beneficial owners on record for the 2023-2024 proxy season
Holder	% outstanding	Disclosure
Vanguard Group	14.36%	13F
BlackRock	13.58%	13F
FMR (Fidelity)	11.36%	13F
State Street	6.71%	13F
Geode Capital	1.82%	13F
JPMorgan Chase	1.53%	13F
Dimensional Fund Advisors	1.41%	13F
Charles Schwab	1.33%	13F
Morgan Stanley	1.30%	13F
BNY Mellon	1.21%	13F

Percentages above are of 183,350,322 shares outstanding, as reported by NNN REIT INC. on its Form 10-Q dated 2024-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from NNN REIT INC.’s 10-Q dated 2024-03-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At NNN REIT INC.'s shareholder meeting held 2024-05-15, in the 2023-2024 proxy season, 435 asset managers reported how they voted in their SEC Form N-PX filings, covering 5,124 separate fund positions. Their filings are grouped here into 13 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — Non-binding advisory approval of the compensation of our named executive officers as described… — FOR was 97% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: NNN REIT INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on 2024-05-16.

NNN REIT INC. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.