NNN 房地產投資信託公司
US ˙ NYSE ˙ US6374171063

SecurityNNN / NNN REIT, Inc.
InstitutionShell Asset Management Co
Latest Disclosed Ownership4,203 shares
Latest Disclosed Value $ 179
Shell Asset Management Co reports 54.15% decrease in ownership of NNN / NNN REIT, Inc.

On November 7, 2025 - Shell Asset Management Co filed a 13F-HR form disclosing ownership of 4,203 shares of NNN REIT, Inc. (US:NNN) valued at $178,922 USD as of September 30, 2025. The entity filed a previous 13F-HR on July 23, 2025 disclosing 9,167 shares of NNN REIT, Inc.. The current value of the position is $184,848 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2025-11-07 2025-09-30 13F NNN REIT COM 637417106 4,203 -4,964 -54.15 0 0.0180
2025-07-23 2025-06-30 13F NNN REIT COM 637417106 9,167 -1,392 -13.18 0 0.0137
2025-05-14 2025-03-31 13F NNN REIT COM 637417106 10,559 -426 -3.88 0 0.0214
2025-02-14 2024-12-31 13F NNN REIT COM 637417106 10,985 -17 -0.15 0 0.0196
2024-11-07 2024-09-30 13F NNN REIT COM 637417106 11,002 0 0.00 1 0.0235
2024-07-25 2024-03-31 13F NNN REIT COM 637417106 11,002 -1,006 -8.38 0 0.0214
2024-02-14 2023-12-31 13F NNN REIT COM 637417106 12,008 6,652 124.20 1 0.0239
2023-11-08 2023-09-30 13F NNN REIT COM 637417106 5,356 916 20.63 0 0.0078
2023-07-28 2023-06-30 13F NNN REIT COM 637417106 4,440 4,440 0 0.0075
2021-02-16 2020-12-31 13F NATIONAL RETAIL PROPERTIES I COM 637417106 0 -40,030 -100.00 0 -100.00
2020-11-13 2020-09-30 13F NATIONAL RETAIL PROPERTIES I COM 637417106 40,030 7,470 22.94 1,381 19.57 0.0321
2020-08-10 2020-06-30 13F NATIONAL RETAIL PROPERTIES I COM 637417106 32,560 1,462 4.70 1,155 15.38 0.0288
2020-05-11 2020-03-31 13F NATIONAL RETAIL PROPERTIES I COM 637417106 31,098 -3,627 -10.44 1,001 -46.24 0.0279
2020-02-13 2019-12-31 13F NATIONAL RETAIL PPTYS COM 637417106 34,725 23,178 200.73 1,862 186.02 0.0401
2019-11-12 2019-09-30 13F NATIONAL RETAIL PPTYS COM 637417106 11,547 3,454 42.68 651 51.75 0.0149
2019-08-12 2019-06-30 13F NATIONAL RETAIL PPTYS COM 637417106 8,093 -1,847 -18.58 429 -22.14 0.0095
2019-05-09 2019-03-31 13F NATIONAL RETAIL PPTYS COM 637417106 9,940 0 0.00 551 14.32 0.0121
2019-02-13 2018-12-31 13F NATIONAL RETAIL PPTYS COM 637417106 9,940 -5,954 -37.46 482 -32.30 0.0120
2018-11-13 2018-09-30 13F NATIONAL RETAIL PPTYS COM 637417106 15,894 -241 -1.49 712 0.42 0.0141
2018-08-10 2018-06-30 13F NATIONAL RETAIL PPTYS COM 637417106 16,135 1,175 7.85 709 20.78 0.0145
2018-05-14 2018-03-31 13F NATIONAL RETAIL PPTYS COM 637417106 14,960 0 0.00 587 -8.99 0.0117
2018-02-09 2017-12-31 13F NATIONAL RETAIL PPTYS COM 637417106 14,960 1,525 11.35 645 15.18 0.0128
2017-10-20 2017-09-30 13F/A-1 NATIONAL RETAIL PPTYS COM 637417106 13,435 -2,855 -17.53 560 -12.09 0.0125
2017-07-26 2017-06-30 13F NATIONAL RETAIL PPTYS COM 637417106 16,290 701 4.50 637 -6.32 0.0158
2017-04-26 2017-03-31 13F NATIONAL RETAIL PPTYS COM 637417106 15,589 421 2.78 680 1.49 0.0174
2017-01-10 2016-12-31 13F NATIONAL RETAIL PPTYS COM 637417106 15,168 15,168 670 0.0181
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.