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NNN Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
44.760
Open
44.530
VWAP
44.42
Vol
1.51M
Mkt Cap
8.43B
Low
44.200
Amount
67.30M
EV/EBITDA(TTM)
15.64
Total Shares
190.25M
EV
13.29B
EV/OCF(TTM)
20.42
P/S(TTM)
8.93
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.
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Events Timeline

(ET)
2026-04-30
08:41:00
NNN Reports Q1 Revenue of $240.42M, Exceeds Expectations
select
2026-02-19 (ET)
2026-02-19
16:40:00
NNN REIT Chairperson Steven Cosler Retires
select

News

PRnewswire
8.5
05-04PRnewswire
NNN REIT Releases Annual Corporate Sustainability Report
  • Sustainability Commitment: NNN REIT's annual Corporate Sustainability Report emphasizes the company's ongoing commitment to environmental, social, and governance (ESG) issues, showcasing its efforts in sustainable strategies by adhering to standards like the Global Reporting Initiative (GRI).
  • Value Creation for Investors: CEO Steve Horn highlighted that the report focuses on creating long-term value for shareholders, indicating the company's continuous efforts in corporate governance and community investment.
  • Property Investment Scale: As of March 31, 2026, NNN REIT owned 3,711 properties across all 50 states and Puerto Rico, with a gross leasable area of approximately 39.6 million square feet and a weighted average remaining lease term of 10.1 years, demonstrating its stable asset base.
  • 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, reflecting its strong financial health and commitment to shareholders.
seekingalpha
9.5
04-30seekingalpha
NNN REIT Raises Q1 2026 Earnings Guidance Amid Strong Performance
  • Strong Investment Activity: NNN REIT completed 15 transactions involving 41 properties in Q1, with a total investment of $145 million and an initial cash yield of 7.5%, indicating the company's proactive growth strategy and market positioning.
  • Leasing Performance: The company renewed 36 out of 43 lease expirations with rental rates 2% above prior levels, and leased seven properties to new tenants at rates approximately 10% higher than before, enhancing overall revenue and asset quality.
  • Financial Health: CFO reported core FFO of $0.86 per share and AFFO of $0.87 per share, remaining flat year-over-year, but the significant reduction in lease termination fees demonstrates effective cost control measures.
  • Optimistic Outlook: The company raised its 2026 AFFO per share guidance to a range of $3.53 to $3.59, reflecting confidence in future market conditions, while lowering the full-year bad debt assumption from 75 basis points to 60 basis points, indicating ongoing focus on asset quality.
seekingalpha
9.5
04-30seekingalpha
NNN REIT Reports Strong Q1 Earnings and Revenue Growth
  • Earnings In Line: NNN REIT reported Q1 core FFO per share of $0.86, matching analyst expectations, although it slipped from $0.87 in Q4, indicating stable profitability despite minor fluctuations.
  • Significant Revenue Growth: The Q1 revenue reached $240.4 million, exceeding the consensus estimate of $238.4 million, and increased from $238.4 million in the previous quarter and $230.9 million year-over-year, reflecting strong market performance.
  • Guidance Increase: Following a robust Q1 performance, NNN REIT raised its 2026 core FFO per share guidance to $3.48-$3.54, up from the previous $3.47-$3.53, demonstrating management's confidence in future earnings.
  • High Occupancy Rate: As of March 31, 2026, NNN REIT's occupancy rate rose to 98.6%, surpassing the long-term average, indicating the company's strength in asset management and market demand.
seekingalpha
9.5
04-30seekingalpha
NNN REIT Q1 Earnings Highlights
  • Steady Financial Performance: NNN REIT reported a Q1 FFO of $0.86 per share, aligning with expectations, which demonstrates the company's ongoing ability to maintain stable earnings.
  • Significant Revenue Growth: The company achieved revenue of $240.42 million, marking a 4.1% year-over-year increase, exceeding market expectations by $2.03 million, indicating enhanced competitiveness and customer demand.
  • Improved Leasing Metrics: The company's ABR increased by 6.9% year-over-year to $934.6 million, with portfolio occupancy rising to 98.6%, reflecting effective leasing management and strong market positioning.
  • Upgraded Guidance: NNN REIT raised its AFFO per share guidance to a range of $3.53 to $3.59 and Core FFO per share guidance to $3.48 to $3.54, showcasing confidence in future performance amidst a challenging economic landscape.
NASDAQ.COM
9.5
04-30NASDAQ.COM
NNN REIT Reports Decline in Q1 Profit
  • Profit Decline: NNN REIT reported a first-quarter profit of $93.95 million, or $0.50 per share, down from $96.45 million and $0.51 per share last year, indicating pressure on profitability.
  • Revenue Growth: Despite the profit decline, NNN REIT's revenue increased by 4.1% to $240.42 million from $230.85 million last year, suggesting some growth potential in revenue generation.
  • Future Guidance: The company provided full-year EPS guidance of $2.02 to $2.08, indicating stability and potential recovery despite the current profit decline.
  • Market Reaction: The profit drop may negatively impact investor confidence, particularly as the company failed to meet expected profit growth, potentially leading to stock price volatility.
PRnewswire
9.5
04-30PRnewswire
NNN REIT Reports Strong Q1 2026 Results with Increased AFFO Guidance
  • Strong Financial Performance: In Q1 2026, NNN REIT reported revenues of $240.4 million, a 4.5% increase from the previous year, indicating robust growth in the real estate investment trust sector and boosting investor confidence.
  • Increased AFFO Guidance: The company raised its 2026 adjusted funds from operations (AFFO) guidance to $3.53-$3.59 per share, reflecting ongoing rental income and a high occupancy rate of 98.6%, signaling stable future cash flows.
  • Capital Market Activity: NNN REIT fully drew down $300 million on its term loan in Q1 and sold 1,667,232 common shares at a weighted average price of $44.93 under forward sale agreements, expected to generate approximately $74 million in net proceeds, enhancing liquidity.
  • Enhanced Shareholder Returns: The Board declared a quarterly dividend of $0.60 per share, resulting in an annualized yield of 5.7%, which not only demonstrates the company's commitment to shareholders but also reflects its strong financial foundation and ongoing profitability.
Wall Street analysts forecast NNN stock price to rise
8 Analyst Rating
Wall Street analysts forecast NNN stock price to rise
1 Buy
6 Hold
1 Sell
Hold
Current: 0.000
sliders
Low
43.00
Averages
43.88
High
48.00
Current: 0.000
sliders
Low
43.00
Averages
43.88
High
48.00
Citi
Neutral
maintain
$42 -> $46
AI Analysis
2026-05-07
New
Reason
Citi
Price Target
$42 -> $46
AI Analysis
2026-05-07
New
maintain
Neutral
Reason
Citi raised the firm's price target on NNN REIT to $46 from $42 and keeps a Neutral rating on the shares.
Morgan Stanley
NULL
to
Overweight
maintain
$48 -> $50
2026-04-28
Reason
Morgan Stanley
Price Target
$48 -> $50
2026-04-28
maintain
NULL
to
Overweight
Reason
Morgan Stanley raised the firm's price target on NNN REIT to $50 from $48 and keeps an Overweight rating on the shares.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for NNN
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Valuation Metrics

The current forward P/E ratio for NNN REIT Inc (NNN.N) is 21.60, compared to its 5-year average forward P/E of 22.52. For a more detailed relative valuation and DCF analysis to assess NNN REIT Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
22.52
Current PE
21.60
Overvalued PE
25.09
Undervalued PE
19.95

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
15.46
Current EV/EBITDA
14.87
Overvalued EV/EBITDA
16.60
Undervalued EV/EBITDA
14.31

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
9.34
Current PS
8.27
Overvalued PS
10.38
Undervalued PS
8.30

Financials

AI Analysis
Annual
Quarterly

Whales Holding NNN

S
Security Capital Research & Management Incorporated
Holding
NNN
+7.01%
3M Return
C
CenterSquare Investment Management LLC
Holding
NNN
+5.55%
3M Return
L
LaSalle Investment Management Securities, LLC
Holding
NNN
+5.52%
3M Return
R
Rush Island Management, LP
Holding
NNN
+3.93%
3M Return
E
Edgestream Partners, L.P.
Holding
NNN
-2.01%
3M Return
M
Mondrian Investment Partners Limited
Holding
NNN
-3.09%
3M Return

Trading Trends

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Frequently Asked Questions

What is NNN REIT Inc (NNN) stock price today?

The current price of NNN is 44.3 USD — it has decreased -0.14

What is NNN REIT Inc (NNN)'s business?

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.

What is the price predicton of NNN Stock?

Wall Street analysts forecast NNN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NNN is43.88 USD with a low forecast of 43.00 USD and a high forecast of 48.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is NNN REIT Inc (NNN)'s revenue for the last quarter?

NNN REIT Inc revenue for the last quarter amounts to 240.42M USD, increased 4.15

What is NNN REIT Inc (NNN)'s earnings per share (EPS) for the last quarter?

NNN REIT Inc. EPS for the last quarter amounts to 0.50 USD, decreased -1.96

How many employees does NNN REIT Inc (NNN). have?

NNN REIT Inc (NNN) has 85 emplpoyees as of May 12 2026.

What is NNN REIT Inc (NNN) market cap?

Today NNN has the market capitalization of 8.43B USD.