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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
46.620
Open
46.250
VWAP
46.49
Vol
1.63M
Mkt Cap
8.86B
Low
46.250
Amount
75.73M
EV/EBITDA(TTM)
16.13
Total Shares
190.25M
EV
13.71B
EV/OCF(TTM)
21.07
P/S(TTM)
9.38
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

News

Globenewswire
9.5
05-12Globenewswire
NNN REIT Reports Strong Q1 2026 Performance and Growth Strategy
  • Robust Asset Portfolio: NNN REIT owns 3,711 properties across all 50 states, with over 39 million square feet of gross leasable area and a 20-year average occupancy rate of 98.3%, showcasing its strong competitive position in the REIT sector.
  • Strong Financial Performance: In Q1 2026, NNN REIT acquired $145 million in real estate, continuing its growth momentum and driving an almost 7% year-over-year increase in annualized base rent, while overall occupancy rose to 98.6%, reflecting effective asset management strategies.
  • Consistent Shareholder Returns: Over the past 25 years, NNN REIT has delivered a 12.0% average annual total shareholder return, with 2025 marking its 36th consecutive year of dividend increases, the third longest track record among public REITs, demonstrating robust financial management.
  • Diversified Investment Strategy: NNN REIT leases to over 400 tenants, emphasizing diversification across tenants, industries, and geographies to enhance cash flow stability and ensure long-term sustainable growth.
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.
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
Jefferies
Joe Dickstein
Hold
initiated
$46 -> $47
AI Analysis
2026-06-01
Reason
Jefferies
Joe Dickstein
Price Target
$46 -> $47
AI Analysis
2026-06-01
initiated
Hold
Reason
Jefferies analyst Joe Dickstein assumed coverage of NNN REIT with a Hold rating with a price target of $47, up from $46. The firm assumed coverage of the retail net lease real estate investment trusts with a positive outlook. Executing on investment pipelines will drive a re-rating to historical valuation multiples, the analyst tells investors in a research note. Jefferies says the net lease group trades at the third-highest discount to the 10 year-average in the REIT space. This places net lease in the \"same cohort as secular challenged sectors\" such as office and lab despite \"intact fundamentals,\" the firm contends.
Citi
Neutral
maintain
$42 -> $46
2026-05-07
Reason
Citi
Price Target
$42 -> $46
2026-05-07
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.
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 22.39. 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
22.39
Current PE
21.60
Overvalued PE
24.80
Undervalued PE
19.98

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
15.40
Current EV/EBITDA
15.21
Overvalued EV/EBITDA
16.50
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
9.28
Current PS
8.56
Overvalued PS
10.28
Undervalued PS
8.28

Financials

AI Analysis
Annual
Quarterly

Whales Holding NNN

H
Hudson Bay Capital Management LP
Holding
NNN
+13.85%
3M Return
S
Security Capital Research & Management Incorporated
Holding
NNN
+12.63%
3M Return
R
Rush Island Management, LP
Holding
NNN
+7.77%
3M Return
C
CenterSquare Investment Management LLC
Holding
NNN
+7.00%
3M Return
L
LaSalle Investment Management Securities, LLC
Holding
NNN
+5.87%
3M Return
E
Equity Investment Corporation
Holding
NNN
+5.69%
3M Return

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Frequently Asked Questions

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

The current price of NNN is 46.59 USD — it has increased 1.04

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 June 14 2026.

What is NNN REIT Inc (NNN) market cap?

Today NNN has the market capitalization of 8.86B USD.