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) P/E ratio
As of 16 October 2026, NNN REIT, Inc. (NNN) trades at a P/E ratio of 20.4×. Over the past ten years it has ranged from 16.2× (October 2023) to 42.7× (June 2021); the current reading is higher than 19% of that period. That is below the Reit Retail industry median of 25.9× and below the Real Estate sector median of 21.6×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 19.1× | 0.28% |
| FY2024 | 19.0× | (5.74%) |
| FY2023 | 20.2× | (17.22%) |
| FY2022 | 24.3× | (23.51%) |
| FY2021 | 31.8× | (5.09%) |
| FY2020 | 33.5× | (2.42%) |
| FY2019 | 34.4× | 18.33% |
| FY2018 | 29.0× | (1.87%) |
| FY2017 | 29.6× | (6.62%) |
| FY2016 | 31.7× | (5.02%) |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 22.8× | 11.79% |
| Mar 2026 | 20.4× | 7.09% |
| Dec 2025 | 19.1× | (6.46%) |
| Sep 2025 | 20.4× | (0.47%) |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| MAC Macerich Company (The) compare | n/m |
| KRG Kite Realty Group Trust compare | 15.1× |
| BRX Brixmor Property Group Inc. compare | 19.5× |
| EPRT Essential Properties Realty Trust, Inc. compare | 20.2× |
| NNN NNN REIT, Inc. | 20.4× |
| FRT Federal Realty Investment Trust compare | 21.4× |
| REG Regency Centers Corporation compare | 24.8× |
| PECO Phillips Edison & Company, Inc. compare | 33.2× |
| ADC Agree Realty Corporation compare | 36.0× |
| Reit Retail industry median | 25.9× |
| Real Estate sector median | 21.6× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)