NNN REIT, Inc.
NNN REIT, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $926.2 million, up 6.55% from fiscal 2024. In the quarter to June 2026, revenue grew 7.70%, EPS fell 3.70%, free cash flow fell 108.7% and total debt rose 7.68%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years, revenue growth for five, operating cash flow growth for five.
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NNN REIT, Inc. (NNN) EV/Sales
As of 16 October 2026, NNN REIT, Inc. (NNN) trades at a EV/Sales of 13.5×. Over the past ten years it has ranged from 10.9× (March 2020) to 19.3× (August 2016); the current reading is higher than 7% of that period. That is above the Reit Retail industry median of 10.5× and above the Real Estate sector median of 7.6×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 13.2× | (3.13%) |
| FY2024 | 13.7× | (7.66%) |
| FY2023 | 14.8× | (4.96%) |
| FY2022 | 15.6× | (5.61%) |
| FY2021 | 16.5× | 8.94% |
| FY2020 | 15.1× | (14.16%) |
| FY2019 | 17.6× | 6.63% |
| FY2018 | 16.5× | 7.69% |
| FY2017 | 15.3× | (2.66%) |
| FY2016 | 15.8× | 3.92% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 14.5× | 5.85% |
| Mar 2026 | 13.7× | 3.37% |
| Dec 2025 | 13.2× | (5.68%) |
| Sep 2025 | 14.0× | (1.27%) |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| KRG Kite Realty Group Trust compare | 9.5× |
| PECO Phillips Edison & Company, Inc. compare | 9.6× |
| BRX Brixmor Property Group Inc. compare | 9.7× |
| FRT Federal Realty Investment Trust compare | 10.4× |
| MAC Macerich Company (The) compare | 10.8× |
| REG Regency Centers Corporation compare | 11.2× |
| NNN NNN REIT, Inc. | 13.5× |
| EPRT Essential Properties Realty Trust, Inc. compare | 13.7× |
| ADC Agree Realty Corporation compare | 15.2× |
| Reit Retail industry median | 10.5× |
| Real Estate sector median | 7.6× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (TTM)