Vanguard Capital Management Establishes 5.28% Stake in NNN REIT Inc

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G with the SEC, reporting a new 5.28% stake in NNN REIT Inc (NNN). As of the event date on March 31, 2026, the firm beneficially owns 10,047,239 shares of common stock. This position represents a significant increase from a previous holding of zero shares, crossing the 5% reporting threshold for the first time. According to the filing, Vanguard Capital Management maintains sole dispositive power over all 10,047,239 shares, while holding sole voting power over 1,573,330 shares. The filing includes holdings managed by various affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. The securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. NNN REIT Inc is headquartered in Orlando, Florida, and specializes in single-tenant retail properties. This investment highlights Vanguard's growing institutional interest in the real estate investment trust sector.