NNN REIT NNN Q4 2025 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 11 2026
0mins
Should l Buy NNN?
Source: NASDAQ.COM
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Analyst Views on NNN
Wall Street analysts forecast NNN stock price to fall
8 Analyst Rating
1 Buy
6 Hold
1 Sell
Hold
Current: 45.140
Low
43.00
Averages
43.88
High
48.00
Current: 45.140
Low
43.00
Averages
43.88
High
48.00
About NNN
NNN REIT, Inc. is a fully integrated real estate investment trust (REIT). The Company acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for investment. The Company invests primarily in retail real estate that is typically well located within each local market for its tenants' retail lines of trade. The Company's property portfolio includes convenience stores; automotive service; restaurants - limited service; restaurants - full service; family entertainment centers; recreational vehicle dealers, parts and accessories; theaters; health and fitness; equipment rental; wholesale clubs; automotive parts; drug stores; home improvement; medical service providers; general merchandise, and pet supplies and services. The Company owns approximately 3,568 properties in 49 states with a gross leasable area of approximately 36.6 million square feet and a weighted average remaining lease term of 9.9 years.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
NNN REIT Announces Quarterly Dividend
- Quarterly Dividend Announcement: NNN REIT has declared a quarterly dividend of $0.60 per share, payable on May 15, 2026, to shareholders of record as of April 30, 2026, reflecting the company's strong cash flow and profitability.
- Consistent Dividend Growth: NNN is one of only three publicly traded REITs that have increased their annual dividends for 36 consecutive years, highlighting its stability and attractiveness in the industry, which may draw more investor interest.
- Portfolio Scale: As of December 31, 2025, NNN owned 3,692 properties across all 50 states, the District of Columbia, and Puerto Rico, with a gross leasable area of approximately 39.6 million square feet, demonstrating its extensive market coverage and asset diversity.
- Lease Term Advantage: NNN's properties have a weighted average remaining lease term of 10.2 years, indicating stability in long-term leasing, which helps mitigate risks from market fluctuations and ensures a steady income stream.
See More
NNN REIT Announces Quarterly Dividend
- Quarterly Dividend Announcement: NNN REIT has declared a quarterly dividend of $0.60 per share payable on May 15, 2026, to shareholders of record as of April 30, 2026, reflecting the company's ongoing profitability and commitment to shareholder returns.
- Sustained Dividend Growth Record: NNN is one of only three publicly traded REITs that have increased their annual dividends for 36 consecutive years, highlighting its stability and attractiveness in the industry, which further boosts investor confidence.
- Portfolio Scale: As of December 31, 2025, NNN owned 3,692 properties across all 50 states, the District of Columbia, and Puerto Rico, providing approximately 39.6 million square feet of leasable area, demonstrating its extensive market coverage and asset diversity.
- Lease Term Advantage: The company's properties have a weighted average remaining lease term of 10.2 years, indicating a stable source of long-term cash flow that helps mitigate market fluctuations and supports future dividend policies.
See More
Comparison Analysis of Realty Income and NNN REIT
- Dividend Growth Record: Realty Income has a 31-year streak of increasing dividends, although it falls short of NNN REIT's impressive 36-year record, highlighting its stability but also the potential for higher growth with NNN REIT.
- Market Size Comparison: Realty Income boasts a market cap of $56 billion, significantly larger than NNN REIT's $7.9 billion, which provides it with greater access to capital markets to support ongoing growth.
- Asset Portfolio Differences: Realty Income's portfolio includes over 15,500 assets compared to NNN REIT's approximately 3,700, indicating that Realty Income must acquire many more properties to achieve growth, reflecting challenges in its expansion strategy.
- Customer-Driven Growth Strategy: NNN REIT has sourced over 70% of its acquisitions from existing customer relationships over the past 15 years, establishing a solid foundation for future dividend growth and demonstrating the advantages of being a smaller, more selective REIT.
See More
Comparison Analysis of Realty Income and NNN REIT
- Dividend History Comparison: Realty Income has increased its dividends for 31 consecutive years, while NNN REIT leads with a 36-year record, highlighting NNN's advantage in dividend stability, which attracts more income-seeking investors.
- Market Size Impact: Realty Income boasts a market cap of $56 billion, significantly larger than NNN REIT's $7.9 billion, which enhances Realty Income's ability to access capital markets, thereby supporting its ongoing expansion and property acquisitions.
- Portfolio Scale: Realty Income manages over 15,500 assets compared to NNN REIT's approximately 3,700, indicating that Realty Income needs to acquire many more properties to grow, potentially slowing its growth rate.
- Customer Relationship Driven: Over the past 15 years, more than 70% of NNN REIT's acquisitions have come from existing relationships, establishing a solid foundation for future dividend growth and demonstrating the advantages of flexibility and selectivity in smaller REITs.
See More
NNN REIT to Release Q1 2026 Results on April 30
- Earnings Release Schedule: NNN REIT will announce its Q1 2026 financial results before the market opens on April 30, 2026, reflecting its ongoing performance and adaptability in the real estate investment trust sector.
- Conference Call Details: The company will host a conference call at 10:30 AM ET on the same day to discuss financial and operational results, providing investors with a direct interaction opportunity with management to enhance transparency.
- Financial Health Overview: As of December 31, 2025, NNN REIT owned 3,692 properties across all 50 states and Puerto Rico, with a gross leasable area of approximately 39.6 million square feet, showcasing its robust asset base and market coverage.
- Dividend Growth Record: NNN REIT is one of only three publicly traded real estate investment trusts that have increased dividends for over 36 consecutive years, demonstrating its stable cash flow and commitment to shareholders.
See More
NNN REIT to Release Q1 2026 Results and Host Conference Call
- Earnings Release Schedule: NNN REIT will announce its Q1 2026 financial results before the market opens on April 30, 2026, reflecting the company's ongoing performance in the real estate investment trust sector.
- Conference Call Details: The company will host a conference call at 10:30 AM ET on the same day to discuss financial and operational results, providing investors with a direct opportunity to engage with management and enhance transparency.
- Webcast Availability: The call will be available via a live webcast on the company's website, ensuring that global investors can access real-time information, thereby improving information dissemination efficiency.
- Company Background Information: As of December 31, 2025, NNN REIT owned 3,692 properties with a gross leasable area of approximately 39.6 million square feet and a weighted average remaining lease term of 10.2 years, demonstrating its robustness and growth potential in the long-term leasing market.
See More
NNN REIT Announces Quarterly Dividend
- Quarterly Dividend Announcement: NNN REIT has declared a quarterly dividend of $0.60 per share, payable on May 15, 2026, to shareholders of record as of April 30, 2026, reflecting the company's strong cash flow and profitability.
- Consistent Dividend Growth: NNN is one of only three publicly traded REITs that have increased their annual dividends for 36 consecutive years, highlighting its stability and attractiveness in the industry, which may draw more investor interest.
- Portfolio Scale: As of December 31, 2025, NNN owned 3,692 properties across all 50 states, the District of Columbia, and Puerto Rico, with a gross leasable area of approximately 39.6 million square feet, demonstrating its extensive market coverage and asset diversity.
- Lease Term Advantage: NNN's properties have a weighted average remaining lease term of 10.2 years, indicating stability in long-term leasing, which helps mitigate risks from market fluctuations and ensures a steady income stream.
See More
NNN REIT Announces Quarterly Dividend
- Quarterly Dividend Announcement: NNN REIT has declared a quarterly dividend of $0.60 per share payable on May 15, 2026, to shareholders of record as of April 30, 2026, reflecting the company's ongoing profitability and commitment to shareholder returns.
- Sustained Dividend Growth Record: NNN is one of only three publicly traded REITs that have increased their annual dividends for 36 consecutive years, highlighting its stability and attractiveness in the industry, which further boosts investor confidence.
- Portfolio Scale: As of December 31, 2025, NNN owned 3,692 properties across all 50 states, the District of Columbia, and Puerto Rico, providing approximately 39.6 million square feet of leasable area, demonstrating its extensive market coverage and asset diversity.
- Lease Term Advantage: The company's properties have a weighted average remaining lease term of 10.2 years, indicating a stable source of long-term cash flow that helps mitigate market fluctuations and supports future dividend policies.
See More
Comparison Analysis of Realty Income and NNN REIT
- Dividend Growth Record: Realty Income has a 31-year streak of increasing dividends, although it falls short of NNN REIT's impressive 36-year record, highlighting its stability but also the potential for higher growth with NNN REIT.
- Market Size Comparison: Realty Income boasts a market cap of $56 billion, significantly larger than NNN REIT's $7.9 billion, which provides it with greater access to capital markets to support ongoing growth.
- Asset Portfolio Differences: Realty Income's portfolio includes over 15,500 assets compared to NNN REIT's approximately 3,700, indicating that Realty Income must acquire many more properties to achieve growth, reflecting challenges in its expansion strategy.
- Customer-Driven Growth Strategy: NNN REIT has sourced over 70% of its acquisitions from existing customer relationships over the past 15 years, establishing a solid foundation for future dividend growth and demonstrating the advantages of being a smaller, more selective REIT.
See More
Comparison Analysis of Realty Income and NNN REIT
- Dividend History Comparison: Realty Income has increased its dividends for 31 consecutive years, while NNN REIT leads with a 36-year record, highlighting NNN's advantage in dividend stability, which attracts more income-seeking investors.
- Market Size Impact: Realty Income boasts a market cap of $56 billion, significantly larger than NNN REIT's $7.9 billion, which enhances Realty Income's ability to access capital markets, thereby supporting its ongoing expansion and property acquisitions.
- Portfolio Scale: Realty Income manages over 15,500 assets compared to NNN REIT's approximately 3,700, indicating that Realty Income needs to acquire many more properties to grow, potentially slowing its growth rate.
- Customer Relationship Driven: Over the past 15 years, more than 70% of NNN REIT's acquisitions have come from existing relationships, establishing a solid foundation for future dividend growth and demonstrating the advantages of flexibility and selectivity in smaller REITs.
See More
NNN REIT to Release Q1 2026 Results on April 30
- Earnings Release Schedule: NNN REIT will announce its Q1 2026 financial results before the market opens on April 30, 2026, reflecting its ongoing performance and adaptability in the real estate investment trust sector.
- Conference Call Details: The company will host a conference call at 10:30 AM ET on the same day to discuss financial and operational results, providing investors with a direct interaction opportunity with management to enhance transparency.
- Financial Health Overview: As of December 31, 2025, NNN REIT owned 3,692 properties across all 50 states and Puerto Rico, with a gross leasable area of approximately 39.6 million square feet, showcasing its robust asset base and market coverage.
- Dividend Growth Record: NNN REIT is one of only three publicly traded real estate investment trusts that have increased dividends for over 36 consecutive years, demonstrating its stable cash flow and commitment to shareholders.
See More
NNN REIT to Release Q1 2026 Results and Host Conference Call
- Earnings Release Schedule: NNN REIT will announce its Q1 2026 financial results before the market opens on April 30, 2026, reflecting the company's ongoing performance in the real estate investment trust sector.
- Conference Call Details: The company will host a conference call at 10:30 AM ET on the same day to discuss financial and operational results, providing investors with a direct opportunity to engage with management and enhance transparency.
- Webcast Availability: The call will be available via a live webcast on the company's website, ensuring that global investors can access real-time information, thereby improving information dissemination efficiency.
- Company Background Information: As of December 31, 2025, NNN REIT owned 3,692 properties with a gross leasable area of approximately 39.6 million square feet and a weighted average remaining lease term of 10.2 years, demonstrating its robustness and growth potential in the long-term leasing market.
See More
