NNN REIT (NNN) Stock Price

NNN REIT Price

NYSE·CLOSED
46.00USD-0.24 (-0.52 %)
Market closed

Revenue has compounded at 9.7% per year over the past 19 years to 926.21 M USD. Earnings per share have declined at 2.0% per year over the last 19 years. NNN REIT's net margin stands at 42.1%, up from 39.9% several years earlier. NNN REIT currently offers a dividend yield of about 5.13%. The payout ratio is around 115% of earnings. The dividend has grown at 3.1% per year over the past 19 years. Analysts set a median price target of 44.88 USD, implying 2.4% below the current price. Of 22 analysts, 7 rate the stock a buy — an overall Hold consensus. The stock trades about 18% above its 52-week low.

NNN REIT stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of NNN REIT over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how NNN REIT stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing NNN REIT's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

NNN REIT Stock Price History
DateNNN REIT Price
8/14/202646.00 USD
8/13/202646.24 USD
8/12/202645.81 USD
8/11/202645.37 USD
8/10/202646.03 USD
8/7/202646.84 USD
8/6/202647.00 USD
8/5/202646.89 USD
8/4/202647.19 USD
8/3/202647.49 USD
7/31/202647.52 USD
7/30/202648.14 USD
7/29/202649.29 USD
7/27/202649.66 USD
7/23/202648.64 USD
7/22/202648.97 USD
7/21/202649.05 USD
7/20/202648.92 USD
7/17/202649.59 USD
7/16/202649.22 USD
7/15/202647.42 USD
7/14/202647.36 USD
7/13/202647.20 USD
7/10/202646.77 USD
7/9/202646.51 USD
7/8/202647.12 USD
7/7/202647.44 USD
7/6/202646.99 USD
7/2/202647.53 USD
7/1/202646.57 USD
6/30/202646.53 USD
6/29/202647.17 USD
6/26/202647.47 USD
6/25/202646.37 USD
6/24/202646.51 USD
6/23/202646.02 USD
6/22/202645.40 USD
6/18/202645.17 USD
6/17/202645.55 USD
6/16/202646.10 USD
6/15/202646.43 USD
6/12/202646.49 USD
6/11/202646.77 USD
6/10/202646.51 USD
6/9/202645.99 USD
6/8/202645.01 USD
6/5/202644.58 USD
6/4/202644.01 USD
6/3/202643.96 USD
6/2/202643.48 USD
6/1/202644.08 USD
5/29/202644.65 USD
5/28/202644.86 USD
5/27/202645.27 USD
5/26/202644.98 USD
5/22/202644.75 USD
5/21/202645.12 USD
5/20/202645.36 USD
5/19/202644.84 USD
5/18/202644.33 USD
5/15/202643.72 USD
5/14/202643.74 USD
5/13/202643.96 USD
5/12/202644.50 USD
5/11/202644.30 USD
5/8/202644.36 USD
5/7/202644.51 USD
5/6/202644.71 USD
5/5/202644.41 USD
5/4/202644.06 USD
5/1/202643.95 USD
4/30/202643.79 USD
4/29/202643.52 USD
4/28/202644.04 USD
4/27/202643.61 USD
4/24/202643.87 USD
4/23/202644.28 USD
4/22/202643.62 USD
4/21/202644.39 USD
4/20/202645.11 USD
4/17/202645.14 USD
4/16/202644.73 USD
4/15/202644.29 USD
4/14/202644.08 USD
4/13/202643.77 USD
4/10/202644.09 USD
4/9/202644.00 USD
4/8/202643.55 USD
4/7/202643.26 USD
4/6/202642.50 USD
4/2/202642.77 USD
4/1/202642.45 USD
3/31/202642.03 USD
3/30/202641.89 USD
3/27/202641.94 USD
3/26/202642.10 USD
3/25/202641.99 USD
3/24/202642.36 USD
3/23/202642.89 USD
3/20/202642.46 USD
3/19/202644.23 USD
3/18/202644.23 USD
3/17/202645.09 USD
3/16/202645.12 USD
3/13/202645.01 USD
3/12/202644.95 USD
3/11/202645.11 USD
3/10/202645.30 USD
3/9/202645.02 USD
3/6/202645.23 USD
3/5/202645.00 USD
3/4/202645.01 USD
3/3/202645.43 USD
3/2/202645.83 USD
2/27/202645.32 USD
2/26/202644.98 USD
2/25/202644.38 USD
2/24/202644.47 USD
2/23/202644.05 USD
2/20/202644.35 USD
2/19/202643.97 USD
2/18/202643.58 USD
2/17/202644.79 USD
2/13/202644.34 USD
2/12/202643.63 USD
2/11/202643.08 USD
2/10/202643.31 USD
2/9/202642.60 USD
2/6/202642.91 USD
2/5/202642.88 USD
2/4/202642.18 USD
2/3/202641.91 USD
2/2/202641.45 USD
1/30/202641.67 USD
1/29/202641.82 USD
1/28/202641.37 USD
1/27/202642.17 USD
1/26/202642.19 USD
1/23/202642.26 USD
1/22/202642.11 USD
1/21/202642.72 USD
1/20/202642.69 USD
1/16/202642.64 USD
1/15/202642.21 USD
1/14/202641.95 USD
1/13/202641.62 USD
1/12/202641.51 USD
1/9/202641.04 USD
1/8/202641.19 USD
1/7/202640.49 USD
1/6/202640.35 USD
1/5/202639.94 USD
1/2/202639.53 USD
12/31/202539.63 USD
12/30/202539.83 USD
12/29/202539.55 USD
12/26/202539.52 USD
12/24/202539.51 USD
12/23/202539.05 USD
12/22/202539.51 USD
12/19/202539.85 USD
12/18/202540.06 USD
12/17/202540.68 USD
12/16/202540.06 USD
12/15/202540.44 USD
12/12/202540.47 USD
12/11/202539.82 USD
12/10/202539.68 USD
12/9/202539.29 USD
12/8/202539.73 USD
12/5/202540.21 USD
12/4/202540.64 USD
12/3/202541.11 USD
12/2/202540.61 USD
12/1/202540.89 USD
11/28/202541.35 USD
11/26/202541.08 USD
11/25/202541.00 USD
11/24/202540.85 USD
11/21/202540.95 USD
11/20/202540.40 USD
11/19/202540.62 USD
11/18/202541.16 USD
11/17/202541.04 USD
11/14/202541.24 USD
11/13/202541.04 USD
11/12/202541.02 USD
11/11/202541.41 USD
11/10/202540.52 USD
11/7/202540.69 USD
11/6/202539.65 USD
11/5/202539.83 USD
11/4/202539.82 USD
11/3/202540.89 USD
10/31/202540.46 USD
10/30/202540.86 USD
10/29/202541.33 USD
10/28/202541.59 USD
10/27/202542.20 USD
10/24/202542.37 USD
10/23/202542.27 USD
10/22/202542.25 USD
10/21/202542.16 USD
10/20/202542.71 USD
10/17/202542.72 USD
10/16/202542.28 USD
10/15/202542.63 USD
10/14/202542.22 USD
10/13/202542.26 USD
10/10/202541.52 USD
10/9/202541.96 USD
10/8/202542.01 USD
10/7/202542.24 USD
10/6/202542.40 USD
10/3/202543.57 USD
10/2/202542.91 USD
10/1/202542.69 USD
9/30/202542.59 USD
9/29/202542.13 USD
9/28/202542.13 USD
9/25/202542.37 USD
9/24/202542.02 USD
9/23/202542.11 USD
9/22/202541.79 USD
9/19/202542.12 USD
9/18/202542.28 USD
9/17/202542.57 USD
9/16/202542.55 USD
9/15/202542.96 USD
9/12/202543.28 USD
9/11/202543.29 USD
9/10/202542.68 USD
9/9/202542.68 USD
9/8/202542.80 USD
9/5/202543.17 USD
9/4/202542.38 USD
9/3/202542.53 USD
9/2/202542.13 USD
8/29/202542.70 USD
8/28/202542.18 USD
8/27/202542.39 USD
8/26/202541.94 USD
8/25/202542.03 USD
8/22/202542.03 USD
8/21/202542.13 USD
8/20/202542.29 USD
8/19/202541.62 USD
8/18/202540.68 USD
Access this data via the Eulerpool API

NNN REIT Revenue, FFO, Net Income

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  • 5 Years

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  • 25 Years

  • Max

Revenue
FFO
Net Income
Details
Date
Revenue
FFO
Net Income
Jan 1, 2022
773.05 M USD
558.46 M USD
334.63 M USD
Jan 1, 2023
828.11 M USD
630.96 M USD
392.34 M USD
Jan 1, 2024
869.27 M USD
646.52 M USD
396.84 M USD
Jan 1, 2025
926.21 M USD
658.22 M USD
389.78 M USD
Jan 1, 2026 (e)
982.92 M USD
0.00 USD
383.12 M USD
Jan 1, 2027 (e)
1.03 B USD
0.00 USD
394.66 M USD
Jan 1, 2028 (e)
1.06 B USD
0.00 USD
412.44 M USD
Jan 1, 2029 (e)
1.10 B USD
0.00 USD
406.05 M USD

NNN REIT Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 16, 2026, 7:16 PM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM USD
EBITM USD
EBIT MARGIN%
NET INCOMEM USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESM
2014201520162017201820192020202120222023202420252026e2027e2028e2029e
0.430.480.530.580.620.670.660.730.770.830.870.930.981.031.061.10
10.7111.0610.589.576.517.72-1.4910.006.477.124.956.566.054.792.533.89
95.6296.0696.0696.0695.9895.8295.7696.1496.5196.5096.2037.9037.9037.9037.9037.90
415.00463.00512.00561.00597.00642.00632.00698.00746.00799.00836.00351.00372.23390.04399.90415.44
266.00288.00309.00337.00424.00416.00374.00449.00482.00555.00577.00569.00680.00713.00740.00770.00
61.2959.7557.9757.7168.1762.0956.6761.8562.3567.0366.4061.4569.2569.2970.1470.26
190.00197.00239.00264.00292.00299.00228.00290.00334.00392.00396.00389.00383.00394.00412.00406.00
18.753.6821.3210.4610.612.40-23.7527.1915.1717.371.02-1.77-1.542.874.57-1.46
1.651.711.781.861.952.032.072.102.162.232.292.362.402.462.53
3.123.644.094.494.844.101.971.452.863.242.693.061.692.502.85
128.81137.62146.76152.15159.77171.18174.59174.87179.47181.93186.83189.24189.24189.24189.24189.24
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales NNN REIT generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue NNN REIT retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare NNN REIT's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares NNN REIT has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against NNN REIT's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

NNN REIT stock margins

The NNN REIT margin analysis displays the gross margin, EBIT margin, as well as the profit margin of NNN REIT. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for NNN REIT.
  • 3 Years

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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
96.09 %
61.82 %
39.94 %
Jan 1, 2022
96.60 %
62.42 %
43.29 %
Jan 1, 2023
96.57 %
67.03 %
47.38 %
Jan 1, 2024
96.28 %
66.48 %
45.65 %
Jan 1, 2025
38.00 %
61.53 %
42.08 %
Jan 1, 2026 (e)
38.00 %
69.21 %
38.98 %
Jan 1, 2027 (e)
38.00 %
69.31 %
38.32 %
Jan 1, 2028 (e)
38.00 %
70.22 %
39.09 %

NNN REIT Stock Revenue, EBIT, Earnings per Share

The NNN REIT earnings per share therefore indicates how much revenue NNN REIT has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

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  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
4.15 USD
2.57 USD
1.66 USD
Jan 1, 2022
4.31 USD
2.69 USD
1.86 USD
Jan 1, 2023
4.55 USD
3.05 USD
2.16 USD
Jan 1, 2024
4.65 USD
3.09 USD
2.12 USD
Jan 1, 2025
4.89 USD
3.01 USD
2.06 USD
Jan 1, 2026 (e)
5.23 USD
3.59 USD
2.04 USD
Jan 1, 2027 (e)
5.48 USD
3.77 USD
2.10 USD
Jan 1, 2028 (e)
5.61 USD
3.92 USD
2.19 USD

NNN REIT business model & stock analysis

National Retail Properties Inc. is an American company specializing in the management and operation of retail properties. It was founded in 1984 with the goal of establishing a real estate investment trust (REIT) that invests in retail properties using both equity and debt capital. The company's business model involves acquiring retail properties and leasing them to well-known retailers on a long-term basis. These brand-name companies pay monthly rent, creating a continuous income for National Retail Properties Inc. The company's portfolio includes restaurants, supermarkets, pharmacies, banks, gas stations, and fitness studios. The different divisions within the company are separated into management, leasing, and investments. The management division handles property management and maintains a smooth relationship with tenants. Leasing involves acquiring new tenants and monitoring existing contracts. Investments focus on portfolio strategy and alignment, minimizing risk and increasing profits. National Retail Properties Inc. offers a wide range of properties, which vary by location and region. One common type of property is free-standing buildings, which are independent structures with their own location and visual presence. Examples include fast-food restaurants like McDonald's or Subway, which often have standalone locations and recognizable logos. Another type of retail property owned by National Retail Properties Inc. are shopping center properties. These are larger complexes that often house multiple tenants such as grocery stores, pharmacies, clothing stores, or hair salons. These buildings are typically centrally located in shopping centers or large commercial complexes, providing convenient access to the stores. In conclusion, National Retail Properties Inc. is a successful company in the retail property industry, employing a proven investment approach to maximize profits and minimize risks. The company has built a stable portfolio of long-term leased retail properties, generating continuous income. This model has proven to be highly successful, making National Retail Properties Inc. an important player in the real estate industry.

NNN REIT SWOT Analysis

Strengths

National Retail Properties Inc (NNN) has several key strengths that contribute to its success in the market:

  • Strong portfolio of retail properties across the United States.
  • Diversified tenant base, minimizing reliance on any single tenant.
  • Long-term triple-net leases, providing stable and predictable cash flows.
  • History of consistent and increasing dividend payments.
  • Experienced management team with a deep understanding of the retail real estate market.

Weaknesses

National Retail Properties Inc faces a few weaknesses that could hinder its performance:

  • Vulnerability to economic downturns and their impact on the retail industry.
  • Reliance on rental income, making it susceptible to tenant defaults or bankruptcies.
  • Limited international presence, reducing diversification opportunities.

Opportunities

Despite the challenges, National Retail Properties Inc can leverage the following opportunities:

  • Growing demand for experiential retail and convenience stores.
  • Potential acquisitions of undervalued properties or real estate investment trusts (REITs).
  • Expanding into emerging markets with high retail growth potential.
  • Increasing demand for e-commerce distribution centers.

Threats

National Retail Properties Inc should remain cautious of the following threats:

  • Increasing competition from other REITs and property developers.
  • Economic recessions impacting consumer spending and retail occupancy rates.
  • Changing consumer preferences and the rise of online shopping.
  • Changes in zoning regulations and government policies affecting the use of properties.

NNN REIT Employees

  • 3 Years

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  • Max

NNN REIT Employees
Details
Date
NNN REIT Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

NNN REIT Segments

NNN REIT Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

NNN REIT historical P/E ratio, EBIT multiple, and P/S ratio

NNN REIT annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

NNN REIT shares outstanding

The number of shares of NNN REIT was 189.24 M in 2025. This indicates how many shares NNN REIT is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
174.87 M Stocks
Jan 1, 2022
179.47 M Stocks
Jan 1, 2023
181.93 M Stocks
Jan 1, 2024
186.83 M Stocks
Jan 1, 2025
189.24 M Stocks
Jan 1, 2026 (e)
189.24 M Stocks
Jan 1, 2027 (e)
189.24 M Stocks
Jan 1, 2028 (e)
189.24 M Stocks

NNN REIT Dividend History

36 years of dividend payments · 34 consecutive increases

YearAnnual DividendYoY ChangePayments
20261.20USDYTD
Jan 30, 20260.60USD 0.0%1/2
Apr 30, 20260.60USD 0.0%2/2
20252.36USD 3.1%
Jan 31, 20250.58USD 0.0%1/4
Apr 30, 20250.58USD 0.0%2/4
Jul 31, 20250.60USD 3.4%3/4
Oct 31, 20250.60USD 0.0%4/4
20242.29USD 2.7%
20232.23USD 3.2%
20222.16USD 2.9%
20212.10USD 1.4%
20202.07USD 2.0%
20192.03USD 4.1%
20181.95USD 4.8%
20171.86USD 4.5%

NNN REIT dividend history and estimates

In 2025, NNN REIT paid a dividend amounting to 2.36 USD. Dividend means that NNN REIT distributes a portion of its profits to its owners.
  • 3 Years

  • 5 Years

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  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
2.10 USD
0.00 USD
Jan 1, 2022
2.16 USD
0.00 USD
Jan 1, 2023
2.23 USD
0.00 USD
Jan 1, 2024
2.29 USD
0.00 USD
Jan 1, 2025
2.36 USD
0.00 USD
Jan 1, 2026 (e)
1.20 USD
1.20 USD
Jan 1, 2027 (e)
0.00 USD
2.46 USD
Jan 1, 2028 (e)
0.00 USD
2.53 USD

NNN REIT dividend payout ratio

In 2025, NNN REIT had a payout ratio of 67.85%. The payout ratio indicates the percentage of the company's profits that NNN REIT distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

FFO payout ratio
Details
Date
FFO payout ratio
Jan 1, 2021
74.14 %
Jan 1, 2022
69.42 %
Jan 1, 2023
64.30 %
Jan 1, 2024
66.18 %
Jan 1, 2025
67.85 %
Jan 1, 2026 (e)
0.00 %
Jan 1, 2027 (e)
0.00 %
Jan 1, 2028 (e)
0.00 %

Current NNN REIT forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
31.82 % (7)
Hold
54.55 % (12)
Sell
13.64 % (3)
12M Price Target
44.88
Last Price
46.00
Currency
USD
12M Return Potential
-2.43 %
LTM Return
0 %

NNN REIT Analyst Rating Actions

DateFirmActionRatingReliability
7/20/2026
Morgan Stanley
Morgan Stanley
DowngradeOverweightEqual Weight60
7/15/2026
Wells Fargo
Wells Fargo
MaintainedEqual Weight56
6/1/2026
Wells Fargo
Wells Fargo
MaintainedEqual Weight56
5/7/2026
Citigroup
Citigroup
MaintainedNeutral48
5/1/2026
RBC Capital
RBC Capital
MaintainedSector Perform52
4/28/2026
Morgan Stanley
Morgan Stanley
MaintainedOverweight60
4/21/2026
Barclays
Barclays
MaintainedUnderweight33
3/17/2026
Raymond James
Raymond James
DowngradeOutperformMarket Perform74
3/17/2026
Evercore ISI Group
Evercore ISI Group
MaintainedIn Line62
3/9/2026
UBS
UBS
MaintainedNeutral51

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

NNN REIT Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
8/5/20260.51USD-243.00 MUSD-2026 Q2
4/30/20260.52USD-239.95 MUSD-2026 Q1
2/11/20260.49USD-233.82 MUSD-2025 Q4
4/30/20240.49USD-211.22 MUSD-2024 Q1
2/7/20240.49USD-208.29 MUSD-2023 Q4
8/1/20230.47USD-201.25 MUSD-2023 Q2
5/1/20230.47USD-199.51 MUSD-2023 Q1
2/7/20230.48USD-197.76 MUSD-2022 Q4
11/2/20220.46USD-194.60 MUSD-2022 Q3
8/3/20220.46USD-192.84 MUSD-2022 Q2
...

EESG©

Eulerpool ESG Scorecard© for the NNN REIT stock

68/100
48
Environment
69
Social
85
Governance
E

Environment

20
Scope 1 - Direct Emissions
Scope 2 - Indirect emissions from purchased energy
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees57.83
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

NNN REIT shareholder structure

% Name
13.79278%
BLACKROCK, INC.
BLACKROCK, INC.
10.23294%
FMR LLC
FMR LLC
8.83508%
VANGUARD PORTFOLIO MANAGEMENT LLC
VANGUARD PORTFOLIO MANAGEMENT LLC
6.02797%
STATE STREET CORP
STATE STREET CORP
4.50771%
VANGUARD CAPITAL MANAGEMENT LLC
VANGUARD CAPITAL MANAGEMENT LLC
4.42514%
VICTORY CAPITAL MANAGEMENT INC
VICTORY CAPITAL MANAGEMENT INC
...

NNN REIT Beneficial Ownership Filings (SEC 13D/G)

Free Float
99.0%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
14.71%
The Vanguard Group - 23-1945930
The Vanguard Group - 23-1945930
SEC ↗
11.50%
(1) BlackRock, Inc.
(1) BlackRock, Inc.
SEC ↗
10.30%
FMR LLC
FMR LLC
SEC ↗
9.81%
BlackRock for purposes of Schedule 13G filings.
BlackRock for purposes of Schedule 13G filings.
SEC ↗
8.74%
Vanguard Portfolio Management
Vanguard Portfolio Management
SEC ↗
6.39%
Abigail P. Johnson
Abigail P. Johnson
SEC ↗
6.00%
STATE STREET CORPORATION
STATE STREET CORPORATION
SEC ↗
5.61%
SSGA FUNDS MANAGEMENT, INC.
SSGA FUNDS MANAGEMENT, INC.
SEC ↗
5.40%
ACTING IN VARIOUS CAPACITIES
ACTING IN VARIOUS CAPACITIES
SEC ↗
5.28%
Vanguard Capital Management
Vanguard Capital Management
SEC ↗

NNN REIT Executives and Management Board

14 members · avg. age 57 · 36 % women

SH

Mr. Stephen Horn (53)

President, Chief Executive Officer, Director · since 2014

8.42 M USD

Management

GS

Ms. Gina Steffens (47)

Executive Vice President, General Counsel, Secretary

1.62 M USD
JA

Mr. Jonathan Adamo (46)

Executive Vice President, Portfolio Operations

1.55 M USD
MM

Ms. Michelle Miller (56)

Executive Vice President, Chief Technology Officer, Chief Accounting Officer

1.34 M USD
VC

Mr. Vincent Chao (50)

Chief Financial Officer, Executive Vice President, Treasurer

JL

Mr. Joshua Lewis (52)

Executive Vice President, Chief Investment Officer

CB

Mr. Chris Barry

Investor Relations · since 2022

Board of Directors

SC

Mr. Steven Cosler (69)

Independent Chairman of the Board

345,000.00 USD
DF

Mr. David Fick (67)

Independent Director

265,000.00 USD
BH

Ms. Betsy Holden (69)

Independent Director

262,500.00 USD
EF

Mr. Edward Fritsch (65)

Independent Director

260,000.00 USD
PB

Ms. Pamela Beall (68)

Independent Director

247,500.00 USD
KW

Mr. Kamau Witherspoon (51)

Independent Director

247,500.00 USD

NNN REIT Supply Chain

NNN REIT Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
11 companies
#Nameβ 1YTrend
1
Dave & Buster's
Customer·Hotels, Restaurants & Leisure·US
0.47
0.50
0.67
0.12
-0.18
0.83
2
Sunoco LP
Customer·Oil, Gas & Consumable Fuels·US
0.63
0.71
0.48
-0.11
-0.45
0.79
3
Seven & I Holdings
Customer·Food & Staples Retailing·JP
-0.41
0.16
-0.24
-0.44
-0.48
0.73
-0.97
4
AMC Entertainment Hldgs A
Customer·Entertainment·US
0.30
0.35
0.51
0.56
0.58
0.68
5
Ardent Leisure
Customer·Hotels, Restaurants & Leisure·AU
0.13
0.49
0.05
0.12
-0.43
0.68
#Nameβ 1YTrend
1
Medalist Diversified REIT
Supplier·Equity Real Estate Investment Trusts (REITs)·US
0.21
0.40
0.46
0.32
0.53
-0.43
2
Best Buy
Customer·Specialty Retail·US
0.43
0.37
0.08
0.29
0.52
0.17
1.22

Frequently asked questions about NNN REIT

The business model of National Retail Properties Inc revolves around owning and acquiring high-quality retail properties. As a real estate investment trust (REIT), the company focuses on triple-net leases, wherein tenants are responsible for property expenses such as taxes, insurance, and maintenance. National Retail Properties Inc primarily invests in freestanding retail buildings leased to tenants in various industries, including convenience stores, restaurants, and automotive service centers. The company aims to generate consistent and reliable rental income, providing investors with stable dividends and long-term growth potential. National Retail Properties Inc's commitment to property diversity and strong tenant relationships contributes to its success in the retail real estate sector.

National Retail Properties Inc is primarily active in the real estate industry, specifically focusing on retail properties.

The main competitors of National Retail Properties Inc in the market are Realty Income Corporation and STORE Capital Corporation.

National Retail Properties Inc is a reputable real estate investment trust (REIT) specializing in retail properties. Founded in 1984, the company has a rich history of acquiring and managing high-quality retail properties across the United States. With a portfolio of over 3,000 properties, National Retail Properties Inc focuses on free-standing buildings and works with a diverse tenant base, including convenience stores, restaurants, automotive services, and more. With a strong track record of providing stable income and long-term growth for investors, National Retail Properties Inc has established itself as a trusted player in the commercial real estate industry.

National Retail Properties Inc has achieved several significant milestones throughout its history. The company has consistently provided strong financial performance, delivering consistent dividend growth for more than three decades. It has built a diversified portfolio of high-quality retail properties across the United States, with a focus on long-term leases and creditworthy tenants. National Retail Properties Inc has also demonstrated its ability to adapt and grow, expanding its portfolio to over 3,000 properties. The company's commitment to shareholder value and operational excellence has made it a leader in the retail real estate sector.

National Retail Properties Inc primarily operates in the United States.

National Retail Properties Inc represents core values of integrity, excellence, and transparency. Committed to building strong relationships, the company operates with a customer-centric approach, prioritizing the satisfaction of its tenants and shareholders. National Retail Properties Inc's corporate philosophy revolves around providing a stable and sustainable investment opportunity in the retail real estate sector. By acquiring and managing a diversified portfolio of high-quality properties, the company aims to deliver reliable income streams and long-term growth potential. National Retail Properties Inc's dedication to maintaining strong financial discipline and conservative leverage adds to its reputation as a trusted and reliable partner in the industry.

Analysts currently set an average price target of 45.22 USD for the NNN REIT stock (median: 44.88 USD), implying -1.7 % versus the latest price. The consensus is based on 22 analyst ratings.

22 analysts currently rate the NNN REIT stock: 7 recommend buying, 12 holding and 3 selling. For 2026, analysts expect NNN REIT to generate revenue of 982.92 M USD and earnings per share of 2.02 USD.

Converted at the current exchange rate, the NNN REIT share trades at 39.78 EUR (46.00 USD).

The NNN REIT share (NNN) is listed on 4 stock exchanges, including: NYSE (NNN-PF), Frankfurt (CZ2.F), München (CZ2.MU), Düsseldorf (CZ2.DU).

National Retail Properties Inc is a US real estate company specializing in the ownership and operation of retail properties. The company was founded in 1984 and is headquartered in Orlando, Florida. National Retail Properties' business model is based on the acquisition and long-term leasing of retail properties to well-known retail brands. The company's portfolio includes over 3,000 properties in the US, including some of the most prestigious names in retail. The company offers its tenants long-term lease agreements, typically lasting 15 to 20 years, and allows them to expand or modernize their locations if desired. On the other hand, National Retail Properties receives stable rental income that it can use to pay dividends to its shareholders. National Retail Properties has three key business segments: Firstly, the company invests in what are called business properties, primarily targeting retailers. These include shopping centers, supermarkets, home improvement stores, fast-food restaurants, banks, and other facilities regularly accessed by consumers. Secondly, the company invests in freestanding properties targeting retailers, food service, or service facilities. These can be either newly constructed or existing. The company works closely with its customers to ensure that the properties meet their needs. And thirdly, National Retail Properties invests in properties targeting retail chains. This includes convenience stores or pharmacies operated by major retail brands such as CVS or Walgreens. Through these three business segments, National Retail Properties has built a diversified portfolio that generates stable income and provides its shareholders with a solid dividend yield. The company is constantly striving to expand its presence in the American retail market and identify potential investment opportunities. It leverages its market proximity and comprehensive industry knowledge to identify and evaluate potential investment opportunities. Overall, National Retail Properties is an established and stable company focused on the retail market. Its business model is based on the acquisition and leasing of retail properties, and it has built a diversified portfolio that generates stable income and provides its shareholders with a solid dividend yield.

The expected revenue of NNN REIT is 982.92 M USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of NNN REIT is 383.12 M USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of NNN REIT is currently 22.72. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the NNN REIT stock.

The price-to-sales ratio (P/S) of NNN REIT is currently 8.86. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the NNN REIT stock.

The Eulerpool Quality Score for NNN REIT is 6/10.

The ISIN of NNN REIT is US6374171063. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of NNN REIT is A0JMJZ. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of NNN REIT is NNN. The ticker symbol is used to trade NNN REIT shares on the stock exchange.

Over the past 12 months, NNN REIT paid a dividend of 2.36 USD . This corresponds to a dividend yield of about 5.13 %. For the coming 12 months, NNN REIT is expected to pay a dividend of 2.46 USD.

The current dividend yield of NNN REIT is 5.13 %.

NNN REIT pays a dividend, distributed in the months of , , , .

NNN REIT paid dividends every year for the past 35 years.

For the upcoming 12 months, dividends amounting to 2.46 USD are expected. This corresponds to a dividend yield of 5.36 %.

NNN REIT is assigned to the 'Real Estate' sector.

In the year 2025, NNN REIT distributed 2.29 USD as dividends.

The dividends of NNN REIT are distributed in USD.

All fundamentals and in-depth analysis of NNN REIT

Our stock analysis for NNN REIT stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of NNN REIT. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.