AQR Capital Management, LLC and AQR Capital Management Holdings, LLC filed an amended beneficial ownership statement with the SEC on November 12, 2026, reporting aggregate beneficial ownership of 8,979,113 shares of NNN REIT, Inc. common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: AQR Capital Management, LLC and AQR Capital Management Holdings, LLC each reported beneficial ownership of 8,979,113 shares of NNN REIT common stock.
  • Percent of class: The 8,979,113 shares represent 4.68% of the outstanding class of common stock, $0.01 par value.
  • Shared voting power: Both reporting persons reported shared voting power over 8,927,992 shares, with sole voting power of 0.
  • Shared dispositive power: Both reporting persons reported shared dispositive power over 8,979,113 shares, with sole dispositive power of 0.
  • Event date: The date of the event requiring this filing is September 30, 2026.
  • Corporate relationship: AQR Capital Management, LLC is disclosed as a wholly owned subsidiary of AQR Capital Management Holdings, LLC, which filed as a holding company.

AQR Capital Reports Sub-5% Position in NNN REIT's Net-Lease Portfolio Company

According to the filing, AQR Capital Management, LLC, organized in the United States and classified as an investment adviser, and its parent AQR Capital Management Holdings, LLC, classified as a holding company, jointly submitted this amended statement covering their combined position in NNN REIT, Inc. (NYSE:NNN). NNN REIT is a real estate investment trust headquartered at 450 S. Orange Ave., Suite 900, Orlando, Florida 32801, whose common stock carries a par value of $0.01 per share and is identified by CUSIP number 637417106. The filing is Amendment No. 1 to a previously submitted statement.

The filing discloses that neither AQR Capital Management, LLC nor AQR Capital Management Holdings, LLC holds any sole voting or sole dispositive power over the reported shares. Instead, both entities report shared voting power over 8,927,992 shares and shared dispositive power over the full 8,979,113 aggregate shares. The statement notes under Item 5 that the reported position constitutes "ownership of 5 percent or less of a class." Both entities are based at One Greenwich Plaza, Suite 130, Greenwich, Connecticut 06830, and both are organized under United States law. The filing was signed by Henry Parkin as Authorized Signatory for both entities on November 12, 2026.

The certification included in the filing states, in the reporting persons' own words, that "the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer." Item 6 and Item 8, covering ownership on behalf of another person and group membership respectively, are each listed as not applicable in the filing.

What Was Disclosed

AQR Capital Management, LLC and its parent AQR Capital Management Holdings, LLC disclosed an amended beneficial ownership position of 8,979,113 shares, equal to 4.68% of NNN REIT, Inc. common stock, based on a triggering event dated September 30, 2026, and filed November 12, 2026.