Investor Presentaiton
Conservative Balance Sheet Management
■Secured Debt
0.1% $10.5 million
Investment-grade debt rating (BBB+ / Baa1) supported by industry leading leverage ratios
Well Laddered Debt Maturities
THE NNN REIT
$500
Weighted average debt maturity of 14.5 years (as of March 31, 2022)
3.5%
3.0%
Unsecured Debt
$450
40.4% $3,683.0 million
$400
3.9%
$350
4.0%
3.5% 4.3%
3.6%
2.5%
■Common Equity
59.5% $5,419.1 million
Total Capitalization: $9.1 billion (gross book)
Interest coverage ratio:
4.7x
Fixed-Charge coverage ratio:
4.7x
Debt/ EBITDA:
5.3x
1 Weighted average maturity 14.5 years; weighted average effective interest rate 3.7%
Millions
$300
$250
$200
$150
$100
4.8%
3.1%
$50
5.2% 5.2%
-$
w
2022 2023
2024 2025 2026 2027
2028 2029 2030
2048 2050 2051
2052
13View entire presentation