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Investor Presentaiton

First Quarter 2022 Highlights Dividend yield at March 31, 2022 of 4.7% ◉ Maintained high level of occupancy at 99.2% THE NNN REIT” ■ Invested $210.8 million in property investments @ average 6.2% cap rate (initial cash yield) ■ Sold 10 properties for $20.1 million ■ Maintained dividend payout ratio of 66.9% of AFFO ■ Maintained significant balance sheet capacity and liquidity ■ Ended the quarter with $53.7 million of cash, no amounts drawn on $1.1 billion bank credit line and no material debt maturities until 2024 4
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