NNN

NNN REIT Inc

Add to Watchlist

Advanced Chart

42.020

+0.76(1.842%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

42.025

Open

41.690

VWAP

41.93

Vol

1.78M

Mkt Cap

7.90B

Low

41.430

Amount

74.49M

EV/EBITDA(TTM)

15.20

Total Shares

183.35M

12.24B

EV/OCF(TTM)

18.89

P/S(TTM)

8.64

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.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

228.76M

+4.7%

226.61M

+3.68%

224.28M

+3.44%

Estimates Revision

The market is revising Upward the revenue expectations for NNN REIT, Inc. (NNN) for FY2025, with the revenue forecasts being adjusted by 1.12% over the past three months. During the same period, the stock price has changed by 1.92%.

Revenue Estimates for FY2025

Revise Upward

+1.12%

In Past 3 Month

Stock Price

Go Up

+1.92%

In Past 3 Month

8 Analyst Rating

5.90% Upside

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 is 44.50 USD with a low forecast of 42.00 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.

3 Buy

5 Hold

0 Sell

Moderate Buy

5.90% Upside

Current: 42.020

Low

42.00

Averages

44.50

High

48.00

5.90% Upside

Current: 42.020

Low

42.00

Averages

44.50

High

48.00

Barclays

Richard Hightower

Overweight -> Underweight

downgrade

$44

2025-07-21

Reason

Barclays

Richard Hightower

Price Target

$44

2025-07-21

downgrade

Overweight -> Underweight

Reason

Barclays analyst Richard Hightower downgraded NNN REIT to Underweight from Overweight with a $44 price target.

Barclays

Richard Hightower

Overweight -> Underweight

downgrade

$46 -> $44

2025-07-21

Reason

Barclays

Richard Hightower

Price Target

$46 -> $44

2025-07-21

downgrade

Overweight -> Underweight

Reason

Barclays analyst Richard Hightower double downgraded NNN REIT to Underweight from Overweight with a price target of $44, down from $46, ahead of the Q2 report. NNN is viewed as the "cleanest" net lease real estate investment trust for non-investment grade tenancy, and the shares have had a strong run over the past 90 days, the analyst tells investors in a research note. The firm views the rally as overdone based on the market's "risk-on" positioning. In addition, NNN has among the highest exposure to bankrupt retailer At Home, adds Barclays. The firm now sees better returns elsewhere within the net lease group.

UBS

Neutral

downgrade

$43 -> $42

2025-07-16

Reason

UBS

Price Target

$43 -> $42

2025-07-16

downgrade

Neutral

Reason

UBS lowered the firm's price target on NNN REIT to $42 from $43 and keeps a Neutral rating on the shares.

Morgan Stanley

Overweight

maintain

$47 -> $48

2025-07-11

Reason

Morgan Stanley

Price Target

$47 -> $48

2025-07-11

maintain

Overweight

Reason

Morgan Stanley raised the firm's price target on NNN REIT to $48 from $47. The analyst has "incremental caution" on dollar stores, pet supplies, and off-price retail heading into the Q2 reports for the triple net real estate investment trusts. Morgan Stanley keeps an Overweight rating on the shares, citing significant progress backfilling two large bankruptcies and proactive management may lead to an upside surprise in addressing watch list tenants.

Barclays

Overweight

downgrade

$47 -> $46

2025-05-21

Reason

Barclays

Price Target

$47 -> $46

2025-05-21

downgrade

Overweight

Reason

Barclays lowered the firm's price target on NNN REIT to $46 from $47 and keeps an Overweight rating on the shares. The firm updated real estate investment trust net lease models post the Q1 reports. Tenant creditworthiness is a "non-issue so far this year, judging by the REITs' relative performance stack," the analyst tells investors in a research note. However, the firm is not inclined to dismiss credit's importance just yet.

UBS

Michael Goldsmith

Neutral

downgrade

$44 -> $43

2025-05-13

Reason

UBS

Michael Goldsmith

Price Target

$44 -> $43

2025-05-13

downgrade

Neutral

Reason

UBS analyst Michael Goldsmith lowered the firm's price target on NNN REIT to $43 from $44 and keeps a Neutral rating on the shares.

See All Ratings

Valuation Metrics

The current forward P/E ratio for NNN REIT Inc (NNN.N) is 20.87, compared to its 5-year average forward P/E of 23.26. 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.

Fair

5Y Average PE

23.26

Current PE

20.87

Overvalued PE

26.10

Undervalued PE

20.41

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.

Fair

5Y Average EV/EBITDA

15.76

Current EV/EBITDA

14.86

Overvalued EV/EBITDA

16.84

Undervalued EV/EBITDA

14.69

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.

Fair

5Y Average PS

9.63

Current PS

8.78

Overvalued PS

10.60

Undervalued PS

8.65