NNN REIT, Inc. NNN

41.30 0.12 0.29% as of 25 Sep
Market cap
$8.0B
P/E
20.2×
Growth Flags show if company had growth for consecutive years

Insider Decisions

Total sells 1.94
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — 1 2 — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios

Market Cap 7,980.00
Revenue 953.25
Net Income 384.67
Free Cash Flow (41.69)
Net Debt 4,997.05
Current Ratio 1.15
Debt/Equity 1.12
P/E ratio 20.25
P/S ratio 8.19
P/B ratio 1.75
Past 5Y EPS Growth 6.65%
This Y EPS Growth (0.48%)
Next Y EPS Growth 2.67%
Next 5Y EPS Growth 1.90%
in millions of $

Dividends

Payout Ratio 1.08
Annual Dividend Rate 2.26
Annual Dividend Yield 5.73%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 2.44
0.60
0.60
0.62
2025 2.36
0.58
0.58
0.60
0.60
2024 2.29
0.57
0.57
0.58
0.58
2023 2.23
0.55
0.55
0.57
0.57
2022 2.16
0.53
0.53
0.55
0.55
2021 2.10
0.52
0.52
0.53
0.53
2020 2.07
0.52
0.52
0.52
0.52
2019 2.03
0.50
0.50
0.52
0.52
2018 1.95
0.48
0.48
0.50
0.50
2017 1.86
0.46
0.46
0.48
0.48
2016 1.78
0.44
0.44
0.46
0.46
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 5 9 6 4
Receivables 38 37 38 40
Inventory — — — —
Other — — — —
43 46 44 44
2023 2024 2025 Q'26
Payables — — — —
ST’ Debt — — — —
Other — — — —
34 30 41 38
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 6.73% 6.99% 6.21%
Cash Flow 6.94% 8.18% 4.88%
Earnings 9.15% 13.07% 5.22%
Book Value 2.81% 0.41% 2.25%

Revenue

Mar Jun Sep Dec Year
’26 240 244 — — —
’25 231 227 230 238 926
’24 215 217 219 218 869
’23 204 203 205 216 828
’22 190 191 193 199 773
’21 180 179 180 187 726
’20 175 164 159 163 661
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 187 142 — — —
’25 203 119 218 126 667
’24 191 120 207 118 636
’23 181 118 192 122 612
’22 164 111 190 113 578
’21 161 120 172 115 568
’20 128 60 161 101 450
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 81 (108) — — —
’25 (12) (52) (29) 14 (79)
’24 93 79 101 (61) 212
’23 39 (27) 44 (123) (67)
’22 (25) (28) (7) (138) (198)
’21 73 41 (44) 68 138
’20 97 49 154 7 308
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.50 0.52 — — —
’25 0.51 0.54 0.51 0.51 2.07
’24 0.52 0.58 0.53 0.52 2.15
’23 0.50 0.54 0.59 0.53 2.16
’22 0.46 0.42 0.50 0.50 1.89
’21 0.30 0.39 0.45 0.37 1.51
’20 0.35 0.24 0.30 0.33 1.22
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.8
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
38.29 36.45 36.25 46.99 24.04 38.25 38.05 34.38 38.88 35.80

Analyst estimates 2026–2028

Powerpack
Low Price
53.60 46.34 51.48 59.26 58.87 50.33 48.90 48.21 49.57 44.23
High Price
65 66 68 70 69 72 77 82 83 85
Employees
8 9 9 10 10 10 10 10 10 11
Revenue/Emp
534 585 623 670 661 726 773 828 869 926
Revenue
96.09% 96.05% 95.97% 95.88% 95.71% 96.09% 96.60% 96.57% 96.28% 95.96%
Gross Margin
240 265 292 300 229 290 335 392 397 390
EBT
44.88% 45.37% 46.97% 44.69% 34.63% 39.94% 43.29% 47.38% 45.65% 42.08%
EBT Margin
240 265 292 300 229 290 335 392 397 390
Net Income
156 181 186 196 207 216 233 248 261 280
Depreciation
3.70 3.92 4.00 4.07 3.84 4.16 4.38 4.57 4.73 4.94
Revenue/Sh
1.39 1.45 1.66 1.56 1.22 1.51 1.89 2.16 2.16 2.07
Earnings/Sh
2.88 2.83 3.03 3.05 2.62 3.25 3.28 3.38 3.46 3.56
Cash Flow/Sh
(5.42) (4.19) (3.91) (4.54) (0.83) (2.46) (4.40) (3.75) (2.30) (3.98)
Capex/Sh
(2.54) (1.36) (0.88) (1.49) 1.79 0.79 (1.12) (0.37) 1.16 (0.42)
Free CF/Sh
27.17 25.76 26.68 26.30 25.10 22.33 23.38 22.94 23.75 23.50
Book Value/Sh
144 149 156 165 172 175 176 181 184 188
Shares
31.70 29.60 29.05 34.37 33.54 31.83 24.35 20.16 19.00 19.05
PE Ratio
11.99 10.94 12.13 13.17 10.66 11.56 10.50 9.53 8.63 8.03
PS Ratio
2.14 1.99 2.15 2.22 1.77 2.15 1.97 1.90 1.72 1.69
PB Ratio
15.77 15.35 16.53 17.63 15.13 16.48 15.56 14.79 13.65 13.23
EV/Sales
(22.96) (44.21) (75.35) (48.08) 32.51 86.67 (60.88) (182.63) 55.86 (155.48)
EV/FCF
415 422 472 502 450 568 578 612 636 667
Op' Cash Flow
(782) (625) (608) (748) (143) (430) (776) (679) (423) (746)
Capex
(367) (203) (137) (246) 308 138 (198) (67) 212 (79)
FCF
303 11 124 15 306 182 14 9 16 4
Working Cap'
2,312 2,580 2,851 2,988 3,221 3,746 3,916 4,361 4,374 4,820
Total Debt
2,017 2,579 2,737 2,987 2,954 3,575 3,909 4,355 4,365 4,815
Net Debt
3,917 3,841 4,155 4,332 4,319 3,902 4,124 4,157 4,362 4,408
Sh' Equity
3.41% 3.37% 3.78% 3.55% 2.80% 3.43% 4.21% 4.67% 4.53% 4.27%
ROA
3.54% 3.64% 3.85% 3.56% 3.22% 3.75% 3.75% 4.08% 4.14% 3.99%
ROIC
6.97% 7.00% 7.67% 6.88% 5.30% 6.71% 8.34% 9.48% 9.32% 8.89%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

NNN REIT, Inc. (NNN) key facts

  • NNN REIT, Inc. (NNN) is a Reit Retail company in the Real Estate sector, listed on the New York Stock Exchange.
  • NNN REIT, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $926.2 million, up 6.55% from fiscal 2024.
  • As of September 25, 2026, NNN traded at $41.30, a market capitalization of $8.0 billion.
  • NNN REIT, Inc. pays an annual dividend of $2.26 per share, a yield of 5.73%, with a payout ratio of 107.8%.
  • Return on equity was 8.89% and debt-to-equity 1.12.

Source: company filings (standardised) and stockrow calculations.

NNN REIT, Inc. (NNN) Latest News

News by impact score

Fine-tune

19 Sep

3

NNN REIT (NNN) stock may be 50% undervalued as cash flows hold up. Valuation claim of 50% undervaluation with stable cash flows can moderately shift investor sentiment and near-term stock performance.

11 Sep

3

NNN REIT shares fell 5.2% over four weeks but the company is positioned for a turnaround. Turnaround signals may moderately influence investor sentiment and stock trajectory.

3 Sep

3

Realty Income targets $10B in investments with questions raised over sustaining deployment momentum, potentially shifting competitive dynamics for net lease peers including NNN. Competitor's large-scale investment plan may alter sector capital flows and investor attention toward NNN.

2 Sep

3

NNN REIT dividend safety matches a peer on surface metrics but deeper financial review exposes weaker coverage and higher risk factors. Dividend comparison highlights coverage gaps that may shift short-term investor views on NNN payout sustainability.

12 Aug

3 transcript

NNN REIT conducted Q2 2026 earnings call covering quarterly financial results and operational outlook. Earnings releases deliver performance data and guidance that can shift near-term valuation without altering core strategy.

8 Aug

3

NNN REIT Q2 earnings call highlighted financial results, operational metrics, acquisition activity, and outlook for the REIT. Quarterly earnings updates typically deliver moderate influence on near-term investor sentiment and stock movement.

5 Aug

4

NNN REIT Inc reported AFFO growth for Q2 2026 and raised full-year guidance during its earnings call. AFFO growth and raised guidance reflect stronger financial results and an improved outlook for NNN REIT.

3

NNN REIT, Inc. held its Q2 2026 earnings call covering quarterly financial results, operational updates and outlook. Quarterly earnings calls deliver financial metrics that can shift near-term investor views but rarely redefine long-term strategy.

3

NNN REIT, Inc. announced its second quarter 2026 financial results. Quarterly results release can move stock price via updated financial metrics.

27 Jul

3

A 46-year-old dining chain is closing locations amid financial distress, reducing occupancy at NNN REIT properties and pressuring rental revenue. Tenant store closures directly cut NNN occupancy and near-term cash flow.

19 May

3

NNN REIT raised its dividend by 7.1%. The increase underscores stable cash flows and positions the shares as attractive for income investors at current prices. A 7.1% dividend increase signals stronger payout capacity and can lift near-term investor sentiment toward NNN shares.

2 May

4

NNN REIT, Inc. delivered strong quarterly results and extended its dividend streak to 35 years, reinforcing its position as a reliable income generator for investors amid a favorable retail property market. Positive earnings results and prolonged dividend streak signal financial strength, likely boosting stock performance and investor appeal.

4

NNN REIT released Q1 earnings call highlights, covering core financial results, occupancy rates, AFFO growth, portfolio performance, and outlook amid stable tenant base and strategic acquisitions. Q1 earnings highlights detail financial metrics and guidance pivotal to NNN REIT's valuation, dividend policy, and market trajectory.

30 Apr

4

NNN REIT, Inc. released Q1 2026 earnings call summary detailing financial results, occupancy rates, rental income growth, dividend declarations, and outlook amid stable retail real estate market. Quarterly earnings summary discloses financial metrics and guidance directly shaping NNN REIT's stock trajectory and investor confidence.

4 transcript

NNN REIT (NNN) released the transcript of its Q1 2026 earnings call. Q1 earnings call transcripts detail financial results, occupancy rates, dividend guidance, and strategic outlook, significantly impacting REIT investor sentiment and stock trajectory.

4

NNN REIT (NNN) reported Q1 earnings, analyzing key metrics for insights into performance. Q1 earnings reports deliver vital financial data influencing stock valuation, dividends, and investor confidence in REIT operations.

4

NNN REIT, Inc. reported first quarter 2026 results and raised its full-year 2026 guidance. Raising full-year guidance signals stronger financial performance ahead, significantly enhancing investor confidence and stock trajectory.

25 Apr

3

RDOG investors face a coinflip on dividend reliability due to NNN REIT's wildly fluctuating quarterly payouts. Volatile quarterly payouts from NNN REIT threaten investor confidence and moderate financial stability.

23 Apr

4

NNN REIT, Inc. has increased distributions for 36 consecutive years. 36 straight years of distribution increases demonstrate exceptional financial stability and reliability, significantly enhancing investor sentiment and long-term performance prospects for NNN.

21 Mar

4

NNN REIT's 36-year streak of consecutive dividend increases faces its sternest test from surging interest rates, tenant bankruptcies, slowing rent growth, and a payout ratio exceeding 80%, raising doubts about sustaining future hikes amid compressed funds from operations. Threat to 36-year dividend growth streak risks eroding investor confidence and pressuring NNN's valuation and share price.

13 Mar

3

Insider selling and a board shift challenge NNN REIT, Inc. (NNN)'s valuation narrative. Insider selling and board changes signal potential valuation concerns, likely causing moderate impact on investor sentiment and market performance.

11 Mar

3

NNN REIT Inc. (NNN) stock has plunged 40% over the past year, but one fund disclosed a new $38 million investment in the shares. A $38 million fund investment signals confidence despite 40% yearly decline, potentially boosting sentiment and short-term performance.

9 Mar

4

Bank of America updated its net lease REIT outlook and raised the price target for NNN REIT (NNN) to $46. BofA's price target increase to $46 reflects improved outlook, likely enhancing investor sentiment and NNN's market performance.

12 Feb

4

NNN REIT, Inc. (NNN) has achieved record acquisitions and announced a dividend hike, signaling strong financial health and growth potential. The company’s outlook for 2026 suggests strategic initiatives that could significantly enhance its market position and investor appeal. Record acquisitions and a dividend increase indicate significant strategic moves that could alter the company's trajectory.

3

NNN REIT, Inc. (NNN) has experienced strong share price performance over the past five years, raising questions about its current valuation. Analysts are evaluating whether the stock still offers value for investors, considering market conditions and the company's financial health. The discussion includes potential risks and opportunities that could influence future performance. Strong historical performance may attract investor interest, but current valuation concerns could limit future growth.

3

NNN REIT, Inc. has experienced steady share price gains recently, prompting a reevaluation of its valuation. Analysts are assessing the implications of these gains on the company's financial health and market position. The article highlights key metrics and market trends that could influence NNN's future performance, suggesting a cautious optimism among investors. Recent share price gains indicate a moderately noticeable influence on investor sentiment and financial performance.

11 Feb

4 transcript

NNN REIT, Inc. reported record acquisitions and strong financial performance in its Q4 2025 earnings call. The company highlighted significant growth in its portfolio and positive trends in rental income, contributing to overall profitability. Management expressed confidence in future growth prospects and strategic initiatives aimed at enhancing shareholder value. Record acquisitions and strong financial performance indicate a significant strategic move that could alter the company's trajectory.

4 transcript

NNN REIT, Inc. reported its Q4 earnings, highlighting strong performance metrics and strategic initiatives aimed at enhancing portfolio value. The company emphasized its commitment to expanding its footprint in the retail sector while maintaining a focus on tenant quality and lease structures. Management provided insights into future growth prospects and market conditions, indicating a positive outlook despite potential economic challenges. The earnings call also addressed investor concerns regarding interest rates and their impact on real estate investments. Significant strategic initiatives and positive performance metrics are likely to influence future growth and investor sentiment.

4

NNN REIT, Inc. (NNN) continues to demonstrate stable triple-net income, supported by decades of consistent dividend growth. The company focuses on acquiring and managing properties leased to high-quality tenants under long-term agreements, ensuring reliable cash flow. This strategy positions NNN favorably in the real estate investment trust sector, appealing to income-focused investors seeking stability and growth in dividends. Stable income and consistent dividend growth indicate significant positive influence on future performance and investor sentiment.

3

NNN REIT, Inc. (NNN) reported its Q4 earnings, highlighting key financial metrics that reflect the company's performance. The results indicate trends in revenue, net income, and other critical indicators that may influence investor sentiment and future strategies. Analysts are assessing the implications of these figures on NNN's market position and operational outlook. The earnings report reveals important financial metrics that could moderately influence NNN's financial performance and market positioning.

stockrow.com/NNN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com