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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) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, NNN REIT, Inc. (NNN) trades at a P/B ratio of 1.8×. Over the past ten years it has ranged from 1.1× (March 2020) to 2.6× (September 2019); the current reading is higher than 17% of that period. That is in line with the Reit Retail industry median of 1.8× and above the Real Estate sector median of 1.0×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.7× (1.95%)
FY2024 1.7× (9.36%)
FY2023 1.9× (3.61%)
FY2022 2.0× (8.54%)
FY2021 2.2× 21.47%
FY2020 1.8× (20.00%)
FY2019 2.2× 3.26%
FY2018 2.1× 7.54%
FY2017 2.0× (6.57%)
FY2016 2.1× 10.10%

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.8× (10.89%)
Jun 2026 2.0× 9.11%
Mar 2026 1.8× 7.17%
Dec 2025 1.7× (6.77%)
43 more quarters

Against its own ten years

Low 1.1× High 2.6×
Ten-year median 2.0×
Current reading's percentile 19

P/B ratio against peers

Company P/B ratio
ADC Agree Realty Corporation compare 1.3×
EPRT Essential Properties Realty Trust, Inc. compare 1.3×
NNN NNN REIT, Inc. 1.8×
KRG Kite Realty Group Trust compare 1.9×
PECO Phillips Edison & Company, Inc. compare 1.9×
REG Regency Centers Corporation compare 2.0×
MAC Macerich Company (The) compare 2.5×
BRX Brixmor Property Group Inc. compare 3.0×
FRT Federal Realty Investment Trust compare 3.1×
Reit Retail industry median 1.8×
Real Estate sector median 1.0×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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