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NNN

NNN REIT, Inc.

Price Chart
Latest Quote

$46.12

+0.97 (+2.14%)
Current Price
Previous Close $45.16
Open $45.52
Day High $46.13
Day Low $45.51
Volume 603,279
Fetched: 2026-06-23T18:48:59
Stock Information
Quarterly Dividend / Yield $2.40 / 5.31%
Shares Outstanding 190.25M
Quarterly Dividend Yield 5.31%
Quarterly Dividend $2.40
Total Debt $4.85B
Cash Equivalents $4.57M
Revenue $935.78M
Net Income $386.55M
Sector Real Estate
Industry REIT - Retail
Market Cap $8.76B
P/E Ratio 22.45
EPS (TTM) $2.05
Exchange NYQ
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📊 Comprehensive Analysis
Company Data
Enterprise Value$13.60B
Sales$935.78M
Income$386.55M
Book/sh$23.10
Cash/sh$0.02
Employees85
Financial Ratios
Quick Ratio0.11
Current Ratio0.16
Debt/Eq110.44
EPS Growth TTM-2.60%
Returns & Margins
ROA3.90%
ROE8.85%
Gross Margin95.96%
Operating Margin60.55%
Profit Margin41.38%
Ownership
Insider Ownership0.86%
Institutional Ownership97.69%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E21.96
PEG4.79
P/S9.36
P/B1.99
Analyst Data
Recommendationhold
Target Price$46.23
Technical Indicators
SMA20$45.14
SMA50$44.48
SMA200$41.87
RSI66.57
ATR0.9350
Shares Float188.28M
Short Float5.50%
Short Ratio3.91
Volatility0.79
Rel Volume0.55
Performance History
Week+0.20%
Month+2.31%
Quarter+9.74%
6 Months+18.18%
YTD+19.76%
Year+14.69%
3 Years+27.84%
5 Years+22.61%
10 Years+54.95%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-23 $46.02 1,007,477
2026-06-22 $45.16 1,435,600
2026-06-18 $45.00 2,393,900
2026-06-17 $45.13 1,677,200
2026-06-16 $46.16 1,939,300
2026-06-15 $45.93 2,357,400
2026-06-12 $46.59 1,629,000
2026-06-11 $46.11 1,579,600
2026-06-10 $46.30 1,927,000
2026-06-09 $45.99 2,436,000
2026-06-08 $45.01 1,544,300
2026-06-05 $44.96 2,772,900
2026-06-04 $43.98 2,159,400
2026-06-03 $44.19 2,139,000
2026-06-02 $43.82 1,456,000
2026-06-01 $43.22 1,973,100
2026-05-29 $44.51 2,082,900
2026-05-28 $44.85 1,297,500
2026-05-27 $44.84 1,481,700
2026-05-26 $45.06 1,195,600
About NNN REIT, Inc.

NNN REIT, Inc. invests in high-quality properties subject generally to long-term, net leases with minimal ongoing capital expenditures. As of December 31, 2025, the Company owned 3,692 properties in all 50 states, the District of Columbia and Puerto Rico with a gross leasable area of approximately 39.6 million square feet and a weighted average remaining lease term of 10.2 years. NNN is one of only three publicly traded real estate investment trusts to have increased annual dividends for 36 or more consecutive years. NNN REIT, Inc. was incorporated in August 1984 in Maryland and is based in Orlando, United States.

Period:
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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $37,381,000 $32,317,000 $28,378,000 $26,281,000
Cost Of Revenue $37,381,000 $32,317,000 $28,378,000 $26,281,000
Total Revenue $926,213,000 $869,266,000 $828,111,000 $773,053,000
Operating Revenue $926,213,000 $869,266,000 $828,111,000 $773,053,000
Expenses
Interest Expense $203,955,000 $184,017,000 $163,898,000 $148,065,000
Total Expenses $356,345,000 $327,052,000 $314,502,000 $299,650,000
Rent Expense Supplemental $37,381,000 $32,317,000 $28,378,000 $26,281,000
Other Income Expense $19,618,000 $35,658,000 $41,495,000 $9,134,000
Net Non Operating Interest Income Expense $-199,709,000 $-181,037,000 $-162,764,000 $-147,916,000
Interest Expense Non Operating $203,955,000 $184,017,000 $163,898,000 $148,065,000
Operating Expense $318,964,000 $294,735,000 $286,124,000 $273,369,000
General And Administrative Expense $50,525,000 $45,054,000 $47,499,000 $49,535,000
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $389,777,000 $396,835,000 $392,340,000 $334,626,000
Net Interest Income $-199,709,000 $-181,037,000 $-162,764,000 $-147,916,000
Interest Income $4,246,000 $2,980,000 $1,134,000 $149,000
Normalized Income $374,278,780 $368,665,180 $359,558,950 $327,410,140
Net Income From Continuing And Discontinued Operation $389,777,000 $396,835,000 $392,340,000 $334,626,000
Total Operating Income As Reported $589,486,000 $577,872,000 $555,104,000 $482,537,000
Net Income Common Stockholders $389,049,000 $396,149,000 $391,731,000 $334,112,000
Net Income $389,777,000 $396,835,000 $392,340,000 $334,626,000
Net Income Including Noncontrolling Interests $389,777,000 $396,835,000 $392,340,000 $334,621,000
Net Income Continuous Operations $389,777,000 $396,835,000 $392,340,000 $334,621,000
Pretax Income $389,777,000 $396,835,000 $392,340,000 $334,621,000
Special Income Charges $-28,602,000 $-6,632,000 $-5,990,000 $-8,309,000
Interest Income Non Operating $4,246,000 $2,980,000 $1,134,000 $149,000
Operating Income $569,868,000 $542,214,000 $513,609,000 $473,403,000
Depreciation Amortization Depletion Income Statement $268,439,000 $249,681,000 $238,625,000 $223,834,000
Depreciation And Amortization In Income Statement $268,439,000 $249,681,000 $238,625,000 $223,834,000
Gross Profit $888,832,000 $836,949,000 $799,733,000 $746,772,000
Per Share
Diluted EPS $2.07 $2.15 $2.16 $1.89
Basic EPS $2.07 $2.16 $2.16 $1.89
Other
Tax Effect Of Unusual Items $4,119,780 $7,488,180 $8,713,950 $1,918,140
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $842,553,000 $794,875,000 $753,368,000 $697,386,000
Total Unusual Items $19,618,000 $35,658,000 $41,495,000 $9,134,000
Total Unusual Items Excluding Goodwill $19,618,000 $35,658,000 $41,495,000 $9,134,000
Reconciled Depreciation $268,439,000 $249,681,000 $238,625,000 $223,834,000
EBITDA (Bullshit earnings) $862,171,000 $830,533,000 $794,863,000 $706,520,000
EBIT $593,732,000 $580,852,000 $556,238,000 $482,686,000
Diluted Average Shares $187,986,798 $184,043,841 $181,689,723 $177,068,000
Basic Average Shares $187,611,451 $183,688,562 $181,200,040 $176,404,000
Diluted NI Availto Com Stockholders $389,049,000 $396,149,000 $391,731,000 $334,112,000
Otherunder Preferred Stock Dividend $728,000 $686,000 $609,000 $514,000
Impairment Of Capital Assets $28,602,000 $6,632,000 $5,990,000 $8,309,000
Gain On Sale Of Security $48,220,000 $42,290,000 $47,485,000 $17,443,000
Selling General And Administration $50,525,000 $45,054,000 $47,499,000 $49,535,000
Other Gand A $46,923,000 $44,287,000 $43,746,000 $41,695,000
Rent And Landing Fees $486,000 $99,000 $299,000 $320,000
Salaries And Wages $3,116,000 $668,000 $3,454,000 $7,520,000
Minority Interests - $0 $0 $5,000
Preferred Stock Dividends - - - -
Other Special Charges - - - -
Restructuring And Mergern Acquisition - - - -
Fetched: 2026-06-23
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $4,360,525,000 $4,317,950,000 $4,104,643,000 $4,061,850,000
Total Assets $9,379,355,000 $8,872,728,000 $8,661,968,000 $8,146,045,000
Total Non Current Assets $9,305,306,000 $8,817,445,000 $8,610,737,000 $8,101,722,000
Other Non Current Assets $39,185,000 $27,235,000 $26,645,000 $20,042,000
Goodwill And Other Intangible Assets $47,777,000 $44,325,000 $52,814,000 $61,652,000
Other Intangible Assets $47,777,000 $44,325,000 $52,814,000 $61,652,000
Current Assets $74,049,000 $55,283,000 $51,231,000 $44,323,000
Other Current Assets $8,645,000 $8,958,000 $3,243,000 $5,352,000
Assets Held For Sale Current $21,198,000 $283,000 $4,573,000 $786,000
Restricted Cash $776,000 $331,000 $3,966,000 $4,273,000
Receivables $38,384,000 $36,980,000 $38,260,000 $31,407,000
Other Receivables $34,914,000 $34,005,000 $34,611,000 $27,795,000
Accounts Receivable $3,470,000 $2,975,000 $3,649,000 $3,612,000
Allowance For Doubtful Accounts Receivable $-609,000 $-617,000 $-669,000 $-708,000
Gross Accounts Receivable $4,079,000 $3,592,000 $4,318,000 $4,320,000
Cash Cash Equivalents And Short Term Investments $5,046,000 $8,731,000 $1,189,000 $2,505,000
Cash And Cash Equivalents $5,046,000 $8,731,000 $1,189,000 $2,505,000
Debt
Net Debt $4,815,378,000 $4,365,072,000 $4,359,355,000 $3,913,549,000
Total Debt $4,820,424,000 $4,373,803,000 $4,360,544,000 $3,916,054,000
Long Term Debt And Capital Lease Obligation $4,472,324,000 $4,373,803,000 $4,228,544,000 $3,749,854,000
Long Term Debt $4,472,324,000 $4,373,803,000 $4,228,544,000 $3,749,854,000
Current Debt And Capital Lease Obligation $348,100,000 - $132,000,000 $166,200,000
Current Debt $348,100,000 - $132,000,000 $166,200,000
Liabilities
Total Liabilities Net Minority Interest $4,971,053,000 $4,510,453,000 $4,504,511,000 $4,022,543,000
Total Non Current Liabilities Net Minority Interest $4,582,396,000 $4,480,754,000 $4,338,137,000 $3,832,517,000
Other Non Current Liabilities $110,072,000 $106,951,000 $109,593,000 $82,663,000
Current Liabilities $388,657,000 $29,699,000 $166,374,000 $190,026,000
Payables And Accrued Expenses $40,557,000 $29,699,000 $34,374,000 $23,826,000
Interest Payable $40,557,000 $29,699,000 $34,374,000 $23,826,000
Equity
Common Stock Equity $4,408,302,000 $4,362,275,000 $4,157,457,000 $4,123,502,000
Total Equity Gross Minority Interest $4,408,302,000 $4,362,275,000 $4,157,457,000 $4,123,502,000
Stockholders Equity $4,408,302,000 $4,362,275,000 $4,157,457,000 $4,123,502,000
Gains Losses Not Affecting Retained Earnings $-6,321,000 $-7,959,000 $-10,111,000 $-12,582,000
Other Equity Adjustments $-6,321,000 $-7,959,000 $-10,111,000 $-12,582,000
Retained Earnings $-882,712,000 $-829,287,000 $-805,883,000 $-793,765,000
Other
Ordinary Shares Number $189,937,404 $187,540,929 $182,474,770 $181,424,670
Share Issued $189,937,404 $187,540,929 $182,474,770 $181,424,670
Tangible Book Value $4,360,525,000 $4,317,950,000 $4,104,643,000 $4,061,850,000
Invested Capital $9,228,726,000 $8,736,078,000 $8,518,001,000 $8,039,556,000
Working Capital $-314,608,000 $25,584,000 $-115,143,000 $-145,703,000
Total Capitalization $8,880,626,000 $8,736,078,000 $8,386,001,000 $7,873,356,000
Additional Paid In Capital $5,295,434,000 $5,197,644,000 $4,971,625,000 $4,928,034,000
Capital Stock $1,901,000 $1,877,000 $1,826,000 $1,815,000
Common Stock $1,901,000 $1,877,000 $1,826,000 $1,815,000
Line Of Credit $348,100,000 $0 $132,000,000 $166,200,000
Current Accrued Expenses $40,557,000 $29,699,000 $34,374,000 $23,826,000
Investment Properties $9,218,344,000 $8,745,885,000 $8,531,278,000 $8,020,028,000
Treasury Shares Number - - $0 -
Minority Interest - - - $0
Preferred Stock - - - -
Fetched: 2026-06-23
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $667,131,000 $635,504,000 $612,410,000 $578,355,000
Operating Activities
Operating Cash Flow $667,131,000 $635,504,000 $612,410,000 $578,355,000
Cash Flow From Continuing Operating Activities $667,131,000 $635,504,000 $612,410,000 $578,355,000
Operating Gains Losses $-33,586,000 $-29,455,000 $-34,110,000 $-113,000
Investing Activities
Investing Cash Flow $-748,064,000 $-424,336,000 $-680,660,000 $-777,631,000
Cash Flow From Continuing Investing Activities $-748,064,000 $-424,336,000 $-680,660,000 $-777,631,000
Net Other Investing Changes $-2,149,000 $-1,296,000 $-1,203,000 $-1,721,000
Financing Activities
Issuance Of Capital Stock $85,425,000 $217,581,000 $32,328,000 $253,972,000
Financing Cash Flow $77,693,000 $-207,261,000 $66,627,000 $34,732,000
Cash Flow From Continuing Financing Activities $77,693,000 $-207,261,000 $66,627,000 $34,732,000
Net Other Financing Charges $-8,540,000 $-16,443,000 $-5,476,000 $-4,238,000
Cash Dividends Paid $-443,202,000 $-420,239,000 $-404,458,000 $-380,538,000
Common Stock Dividend Paid $-443,202,000 $-420,239,000 $-404,458,000 $-380,538,000
Net Common Stock Issuance $85,425,000 $217,581,000 $32,328,000 $253,972,000
Common Stock Issuance $85,425,000 $217,581,000 $32,328,000 $253,972,000
Repurchase Of Capital Stock - - $0 $0
Preferred Stock Dividend Paid - - $0 $0
Net Preferred Stock Issuance - - $0 $0
Other
Repayment Of Debt $-1,144,700,000 $-1,027,500,000 $-916,647,000 $-522,464,000
Issuance Of Debt $1,588,710,000 $1,039,340,000 $1,360,880,000 $688,000,000
Interest Paid Supplemental Data $184,027,000 $183,426,000 $148,169,000 $140,331,000
End Cash Position $5,822,000 $9,062,000 $5,155,000 $6,778,000
Beginning Cash Position $9,062,000 $5,155,000 $6,778,000 $171,322,000
Changes In Cash $-3,240,000 $3,907,000 $-1,623,000 $-164,544,000
Net Issuance Payments Of Debt $444,010,000 $11,840,000 $444,233,000 $165,536,000
Net Long Term Debt Issuance $444,010,000 $11,840,000 $444,233,000 $165,536,000
Long Term Debt Payments $-1,144,700,000 $-1,027,500,000 $-916,647,000 $-522,464,000
Long Term Debt Issuance $1,588,710,000 $1,039,340,000 $1,360,880,000 $688,000,000
Net Investment Properties Purchase And Sale $-745,915,000 $-423,040,000 $-679,457,000 $-775,910,000
Sale Of Investment Properties $191,163,000 $149,834,000 $116,334,000 $66,962,000
Purchase Of Investment Properties $-937,078,000 $-572,874,000 $-795,791,000 $-842,872,000
Change In Working Capital $4,172,000 $2,014,000 $1,014,000 $3,095,000
Change In Other Working Capital $-147,000 $-82,000 $79,000 $68,000
Change In Other Current Liabilities $3,466,000 $6,581,000 $-1,550,000 $-1,217,000
Change In Other Current Assets $-7,589,000 $-190,000 $243,000 $424,000
Change In Payables And Accrued Expense $10,858,000 $-4,675,000 $10,548,000 $-97,000
Change In Accrued Expense $10,858,000 $-4,675,000 $10,548,000 $-97,000
Change In Interest Payable $10,858,000 $-4,675,000 $10,548,000 $-97,000
Change In Receivables $-2,416,000 $380,000 $-8,306,000 $3,917,000
Changes In Account Receivables $-495,000 $674,000 $-853,000 $358,000
Other Non Cash Items $9,727,000 $9,797,000 $8,551,000 $8,609,000
Asset Impairment Charge $28,602,000 $6,632,000 $5,990,000 $8,309,000
Depreciation Amortization Depletion $268,439,000 $249,681,000 $238,625,000 $223,834,000
Depreciation And Amortization $268,439,000 $249,681,000 $238,625,000 $223,834,000
Pension And Employee Benefit Expense $15,043,000 $12,835,000 $13,375,000 $17,330,000
Gain Loss On Investment Securities $-48,629,000 $-42,290,000 $-47,485,000 $-17,443,000
Net Income From Continuing Operations $389,777,000 $396,835,000 $392,340,000 $334,621,000
Preferred Stock Payments - - $0 $0
Net Short Term Debt Issuance - - $-34,200,000 $166,200,000
Short Term Debt Payments - - $-906,700,000 $-521,800,000
Short Term Debt Issuance - - $872,500,000 $688,000,000
Stock Based Compensation - - - $17,330,000
Fetched: 2026-06-23