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Friday 6 November 2026 Export NNN’s income statement to Excel — free account

NNN REIT, Inc.

NNN Real Estate Reit Retail

NNN REIT, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $926.2 million, up 6.55% from fiscal 2024.

Revenue
+8.48%
EPS
+13.0%
Free cash flow
+232.6%
Total debt
+2.53%

Quarter to September 2026, against a year earlier

41.35 0.28 −0.67%
Market cap
$8.0B
P/E
19.6×
Fwd P/E
19.9×
Dividend yield
5.90%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

NNN REIT, Inc. (NNN) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, NNN REIT, Inc. (NNN) trades at a EV/EBITDA of 14.6×. Over the past ten years it has ranged from 12.0× (March 2020) to 21.7× (August 2016); the current reading is higher than 15% of that period. That is below the Reit Retail industry median of 16.0× and below the Real Estate sector median of 15.5×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 14.1× (0.44%)
FY2024 14.2× (7.17%)
FY2023 15.2× (9.36%)
FY2022 16.8× (6.64%)
FY2021 18.0× 4.78%
FY2020 17.2× (10.94%)
FY2019 19.3× 14.55%
FY2018 16.9× 4.19%
FY2017 16.2× (5.33%)
FY2016 17.1× 0.12%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 14.5× (6.99%)
Jun 2026 15.6× 7.30%
Mar 2026 14.6× 3.37%
Dec 2025 14.1× (4.72%)
43 more quarters

Against its own ten years

Low 12.0× High 21.7×
Ten-year median 16.3×
Current reading's percentile 15

EV/EBITDA against peers

Company EV/EBITDA
KRG Kite Realty Group Trust compare 10.4×
FRT Federal Realty Investment Trust compare 14.0×
NNN NNN REIT, Inc. 14.6×
BRX Brixmor Property Group Inc. compare 15.3×
EPRT Essential Properties Realty Trust, Inc. compare 15.8×
PECO Phillips Edison & Company, Inc. compare 16.0×
ADC Agree Realty Corporation compare 17.2×
REG Regency Centers Corporation compare 18.3×
MAC Macerich Company (The) compare 20.1×
Reit Retail industry median 16.0×
Real Estate sector median 15.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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