VCP ScannerFree US Stock Screener & Financial AnalysisFree US Stock Screener
ScreenerThemesMarketEarningsCompareWatchlistInsider
NNNNNN REIT, Inc.
$45.00$8.6B
Research
Overview
Valuation
ValuationTargetsPrice
Financials
RevenueEarningsP/ERatiosDividend
Ownership
Holders
Tools
Total ReturnDCA Calculator
← Back to Screener
VCP ScannerFree US Stock Screener & Financial Analysis

Find stocks. Verify deeply. Act with conviction.

Data updated daily

Product

  • Screener
  • Themes
  • Valuation
  • Total Return
  • DCA Calculator
  • News
  • Earnings

Resources

  • Market Valuation
  • Compare
  • Insider Activity
  • Methodology
  • How It Works
  • Glossary
  • Learn

Get Ideas

Get weekly stock ideas — free

Follow VCP Scanner on XFollow VCP Scanner on LinkedIn
© 2026 VCP Scanner
AboutPrivacyTerms
Not financial advice. Do your own research.
ScreenerNewsCompareWatchlist

NNN logoNNN REIT, Inc.(NNN)Earnings, Financials & Key Ratios

NNN•NYSE•REIT / Real Estate
21.7× P/E·Price updated Jun 19, 2026
SectorReal EstateIndustryRetail REITsSub-IndustryNet Lease Retail REITs
AboutNational Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2020, the company owned 3,114 properties in 48 states with a gross leasable area of approximately 32.4 million square feet and with a weighted average remaining lease term of 10.7 years.Show more
  • Revenue$926M+6.6%
  • FFO$658M+1.8%
  • FFO/Share3.50-0.3%
  • FFO Payout67.33%+3.6%
  • FFO per Share3.50-0.3%
  • NOI Margin38%-60.5%
  • FFO Margin71.07%-4.4%
  • ROE8.89%-4.6%
  • ROA4.27%-5.6%

NNN Key Insights

NNN REIT, Inc. (NNN) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Dividend Aristocrat: 36 years of consecutive increases
  • ✓Sustainable FFO payout ratio of 67.3%
  • ✓Healthy dividend yield of 5.2%
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗Low NOI margin of 38.0%
  • ✗Dividend payout exceeds 100% of earnings

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Get notified when NNN posts new earnings or crosses analyst targets

Free. No account needed. Unsubscribe any time.

Free. Unsubscribe any time.

NNN Price & Volume

NNN REIT, Inc. (NNN) stock price & volume — 10-year historical chart

Loading chart...

NNN Growth Metrics

NNN REIT, Inc. (NNN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6.73%
5 Years6.99%
3 Years6.21%
TTM5.77%

Profit CAGR

10 Years7.02%
5 Years11.24%
3 Years5.22%
TTM-2.92%

EPS CAGR

10 Years5.6%
5 Years11.15%
3 Years3.08%
TTM-3.74%

Return on Capital

10 Years5.95%
5 Years6.36%
3 Years6.6%
Last Year6.39%

NNN Recent Earnings

NNN REIT, Inc. (NNN) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
Apr 30, 2026
Metric
Actual
Est
EPS
$0.87+71.3%
$0.51
Rev
$240M+1.0%
$238M
Q1 2026
Feb 11, 2026
Metric
Actual
Est
EPS
$0.87+76.2%
$0.49
Rev
$238M+2.5%
$232M
Q4 2025
Nov 4, 2025
Metric
Actual
Est
EPS
$0.86+0.0%
$0.86
Rev
$230M-1.4%
$233M
Q3 2025
Aug 5, 2025
Metric
Actual
Est
EPS
$0.85+1.2%
$0.84
Rev
$227M+0.1%
$227M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$0.87vs $0.51+71.3%
$240Mvs $238M+1.0%
Q1 2026Feb 11, 2026
$0.87vs $0.49+76.2%
$238Mvs $232M+2.5%
Q4 2025Nov 4, 2025
$0.86vs $0.86+0.0%
$230Mvs $233M-1.4%
Q3 2025Aug 5, 2025
$0.85vs $0.84+1.2%
$227Mvs $227M+0.1%
Based on last 12 quarters of dataView full earnings history →

NNN Peer Comparison

NNN REIT, Inc. (NNN) competitors in Net Lease Retail REITs — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
O logoORealty Income CorporationDirect Competitor56.17B60.2451.499.07%18.94%2.8%0.82
ADC logoADCAgree Realty CorporationDirect Competitor8.8B73.2541.3816.42%29.28%3.65%0.53
EPRT logoEPRTEssential Properties Realty Trust, Inc.Direct Competitor6.35B29.3622.9424.97%43.28%6.3%0.60
WPC logoWPCW. P. Carey Inc.Product Competitor15.62B71.2233.758.89%26.02%6.29%1.07
NTST logoNTSTNETSTREIT Corp.Product Competitor1.9B19.20234.1520.91%5.66%0.78%0.77
GTY logoGTYGetty Realty Corp.Product Competitor1.98B32.6824.219.02%40.06%8.76%0.98
FCPT logoFCPTFour Corners Property Trust, Inc.Product Competitor2.69B24.4922.479.72%38.74%7.38%0.74
PINE logoPINEAlpine Income Property Trust, Inc.Product Competitor274.08M19.13-86.9515.9%-0.64%-0.14%1.31

Compare NNN vs Peers

NNN REIT, Inc. (NNN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs O

Most directly comparable listed peer for NNN.

Scale Benchmark

vs MCD

Larger-name benchmark to compare NNN against a more recognizable public peer.

Peer Set

Compare Top 5

vs O, ADC, EPRT, WPC

NNN Income Statement

NNN REIT, Inc. (NNN) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Revenue
584.93M622.66M670.49M660.68M726.41M773.05M828.11M869.27M926.21M935.78M
Revenue Growth %
9.61%6.45%7.68%-1.46%9.95%6.42%7.12%4.97%6.55%5.77%
Property Operating Expenses
23.11M25.1M27.66M28.36M28.39M26.28M28.38M32.32M574.26M174.25M
Net Operating Income (NOI)
561.83M▲ 0%
597.56M▲ 6.4%
642.83M▲ 7.6%
632.32M▼ 1.6%
698.02M▲ 10.4%
746.77M▲ 7.0%
799.73M▲ 7.1%
836.95M▲ 4.7%
351.95M▼ 57.9%
761.54M▲ 0%
NOI Margin %
96.05%95.97%95.88%95.71%96.09%96.6%96.57%96.28%38%81.38%
Operating Expenses
187.67M172.8M226.31M257.83M248.93M264.24M244.63M259.08M-217.91M99.66M
G&A Expenses
33.8M34.25M37.91M38.24M44.84M49.53M47.5M45.05M46.92M48.09M
EBITDA
511.22M599.16M605.65M571.11M654.32M706.37M793.73M827.55M838.31M866.9M
EBITDA Margin %
87.4%96.23%90.33%86.44%90.08%91.37%95.85%95.2%90.51%92.64%
Depreciation & Amortization
173.72M174.4M188.87M196.62M205.22M223.83M238.63M249.68M268.44M274.62M
D&A / Revenue %
29.7%28.01%28.17%29.76%28.25%28.95%28.82%28.72%28.98%29.35%
Operating Income
337.5M▲ 0%
424.76M▲ 25.9%
416.78M▼ 1.9%
374.49M▼ 10.1%
449.1M▲ 19.9%
482.54M▲ 7.4%
555.1M▲ 15.0%
577.87M▲ 4.1%
569.87M▼ 1.4%
592.28M▲ 0%
Operating Margin %
57.7%68.22%62.16%56.68%61.82%62.42%67.03%66.48%61.53%63.29%
Interest Expense
109.11M115.85M120.02M129.43M137.87M148.06M163.9M184.02M202.26M4M
Interest Coverage
3.43x3.52x3.50x2.77x3.10x3.26x3.39x3.16x2.93x-
Non-Operating Income
-322K16.43M-3.11M16.26M21.11M-149K-1.13M-2.98M-22.17M-2.96M
Pretax Income
228.72M▲ 0%
292.49M▲ 27.9%
299.61M▲ 2.4%
228.8M▼ 23.6%
290.11M▲ 26.8%
334.62M▲ 15.3%
392.34M▲ 17.2%
396.83M▲ 1.1%
389.78M▼ 1.8%
387.27M▲ 0%
Pretax Margin %
39.1%46.97%44.69%34.63%39.94%43.29%47.38%45.65%42.08%41.38%
Income Tax
0000000000
Effective Tax Rate %
0%0%0%0%0%0%0%0%0%0%
Net Income
264.97M▲ 0%
292.45M▲ 10.4%
299.18M▲ 2.3%
228.8M▼ 23.5%
290.11M▲ 26.8%
334.63M▲ 15.3%
392.34M▲ 17.2%
396.83M▲ 1.1%
389.78M▼ 1.8%
387.27M▲ 0%
Net Margin %
45.3%46.97%44.62%34.63%39.94%43.29%47.38%45.65%42.08%41.38%
Net Income Growth %
10.64%10.37%2.3%-23.52%26.8%15.34%17.25%1.15%-1.78%-2.92%
Funds From Operations (FFO)
438.69M▲ 0%
466.85M▲ 6.4%
488.05M▲ 4.5%
425.42M▼ 12.8%
495.33M▲ 16.4%
558.46M▲ 12.7%
630.97M▲ 13.0%
646.52M▲ 2.5%
658.22M▲ 1.8%
661.89M▲ 0%
FFO Margin %
75%74.98%72.79%64.39%68.19%72.24%76.19%74.37%71.07%70.73%
FFO Growth %
12.89%6.42%4.54%-12.83%16.43%12.74%12.98%2.46%1.81%5.77%
FFO per Share
2.942.992.962.472.833.203.473.513.503.49
FFO Payout Ratio %
63.17%64.94%68.37%83.78%74.15%68.14%64.1%65%67.33%50.59%
EPS (Diluted)
1.45▲ 0%
1.65▲ 13.8%
1.56▼ 5.5%
1.22▼ 21.8%
1.51▲ 23.8%
1.89▲ 25.2%
2.16▲ 14.3%
2.15▼ 0.5%
2.07▼ 3.7%
2.04▲ 0%
EPS Growth %
5.07%13.79%-5.45%-21.79%23.77%25.17%14.29%-0.46%-3.72%-3.74%
EPS (Basic)
1.451.651.561.221.511.892.162.162.07-
Diluted Shares Outstanding
149.43M156.3M165.08M172.22M174.82M174.74M181.69M184.04M187.99M189.46M

NNN Balance Sheet

NNN REIT, Inc. (NNN) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Assets
6.56B7.1B7.43B7.64B7.75B8.15B8.66B8.87B9.38B9.42B
Asset Growth %
3.57%8.28%4.67%2.73%1.48%5.1%6.33%2.43%5.71%21.21%
Real Estate & Other Assets
64.96M46.84M7.31B7.24B7.46B8.04B8.57B8.77B28.09M0
PP&E (Net)
6.4B6.85B00000000
Investment Securities
-1000K-1000K0000001000K0
Total Current Assets
41.06M161.14M45.62M333.12M219.42M44.32M51.23M55.28M74.05M8.38M
Cash & Equivalents
1.36M114.27M1.11M267.24M171.32M2.5M1.19M8.73M5.05M4.57M
Receivables
1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets
34.75M26M12.74M7.59M13M10.41M11.78M9.57M30.62M0
Intangible Assets
50.87M50.01M76.42M69.54M67.5M61.65M40.69M44.33M37.31M0
Total Liabilities
2.72B2.95B3.1B3.32B3.85B4.02B4.5B4.51B4.97B5.03B
Total Debt
2.58B2.85B2.99B3.22B3.75B3.92B4.36B4.37B4.82B0
Net Debt
2.58B2.74B2.99B2.95B3.58B3.91B4.36B4.37B4.82B-4.57M
Long-Term Debt
2.58B2.85B2.85B3.22B3.75B3.75B4.23B4.37B4.47B0
Short-Term Borrowings
00133.6M00166.2M132M0348.1M0
Capital Lease Obligations
0000000000
Total Current Liabilities
140.81M19.52M151.85M19.4M23.92M190.03M166.37M29.7M388.66M0
Accounts Payable
0000000000
Deferred Revenue
2.72B2.95B00000000
Other Liabilities
-856K77.92M96.58M78.22M79M82.66M109.59M106.95M110.07M5.03B
Total Equity
3.84B▲ 0%
4.15B▲ 8.2%
4.33B▲ 4.3%
4.32B▼ 0.3%
3.9B▼ 9.7%
4.12B▲ 5.7%
4.16B▲ 0.8%
4.36B▲ 4.9%
4.41B▲ 1.1%
4.4B▲ 0%
Equity Growth %
-1.94%8.17%4.26%-0.29%-9.67%5.69%0.82%4.93%1.06%7.12%
Shareholders Equity
3.84B4.15B4.33B4.32B3.9B4.12B4.16B4.36B4.41B4.4B
Minority Interest
317K355K7K4K1K00000
Common Stock
1.54M1.62M1.72M1.75M1.76M1.81M1.83M1.88M1.9M1.9M
Additional Paid-in Capital
3.6B3.95B4.5B4.63B4.66B4.93B4.97B5.2B5.3B0
Retained Earnings
-379.18M-424.23M-499.23M-644.78M-747.85M-793.76M-805.88M-829.29M-882.71M-902.26M
Preferred Stock
632.5M632.5M345M345M000000
Return on Assets (ROA)
4.11%4.28%4.12%3.04%3.77%4.21%4.67%4.53%4.27%4.14%
Return on Equity (ROE)
6.83%7.32%7.05%5.29%7.06%8.34%9.48%9.32%8.89%8.81%
Debt / Assets
39.33%40.14%40.19%42.17%48.33%48.07%50.34%49.29%51.39%0%
Debt / Equity
0.67x0.69x0.69x0.75x0.96x0.95x1.05x1.00x1.09x0.00x
Net Debt / EBITDA
5.04x4.57x4.93x5.17x5.46x5.54x5.49x5.27x5.74x-0.01x
Book Value per Share
25.7026.5826.2425.0822.3223.6022.8823.7023.4523.20

NNN Cash Flow Statement

NNN REIT, Inc. (NNN) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
421.56M471.91M501.73M450.19M568.42M578.36M612.41M635.5M667.13M463.85M
Operating CF Growth %
1.5%11.94%6.32%-10.27%26.26%1.75%5.89%3.77%4.98%-88.04%
Operating CF / Revenue %
72.07%75.79%74.83%68.14%78.25%74.81%73.95%73.11%72.03%49.57%
Net Income
265.37M292.49M299.61M228.8M290.11M334.62M392.34M396.83M389.78M387.27M
Depreciation & Amortization
173.72M174.4M188.87M196.62M205.22M223.83M238.63M249.68M268.44M204.62M
Stock-Based Compensation
14.22M10.42M11.55M14.48M14.49M17.33M0003.5M
Other Non-Cash Items
-3.35M11.44M4.61M-6.03M4.93M-525K-19.57M-13.03M4.74M-3.91M
Working Capital Changes
1.36M-1.87M-3.74M-23.86M30.41M3.1M1.01M2.01M4.17M-33.68M
Cash from Investing
-625.56M-609.37M-619.41M-142.82M-432.18M-777.63M-680.66M-424.34M-748.06M-532.76M
Acquisitions (Net)
0000000000
Purchase of Investments
0000000000
Sale of Investments
0000000000
Other Investing
-625.56M-609.37M-619.41M-142.82M-432.18M-777.63M-680.66M-424.34M-748.06M-532.76M
Cash from Financing
-89.18M250.37M4.53M-41.25M-232.16M34.73M66.63M-207.26M77.69M-11.88M
Dividends Paid
-315.05M-337.49M-364.83M-374.35M-382.29M-380.54M-404.46M-420.24M-443.2M-448.37M
Common Dividends
-277.12M-303.16M-333.69M-356.41M-367.29M-380.54M-404.46M-420.24M-443.2M-334.87M
Debt Issuance (Net)
1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Share Repurchases
-287.5M0-287.5M0000000
Other Financing
-84K-18.24M-776K-16.68M-39.47M-278K0-13.13M-8.54M25.59M
Net Change in Cash
-293.18M▲ 0%
112.9M▲ 138.5%
-113.16M▼ 200.2%
266.12M▲ 335.2%
-95.91M▼ 136.0%
-164.54M▼ 71.6%
-1.62M▲ 99.0%
3.91M▲ 340.7%
-3.24M▼ 182.9%
-127K▲ 0%
Exchange Rate Effect
0000000000
Cash at Beginning
294.54M1.36M114.27M1.11M267.24M171.32M6.78M5.16M9.06M5.82M
Cash at End
1.36M114.27M1.11M267.24M171.32M6.78M5.16M9.06M5.82M5.4M
Free Cash Flow
421.56M▲ 0%
471.91M▲ 11.9%
501.73M▲ 6.3%
450.19M▼ 10.3%
568.42M▲ 26.3%
578.36M▲ 1.7%
612.41M▲ 5.9%
635.5M▲ 3.8%
667.13M▲ 5.0%
463.85M▲ 0%
FCF Growth %
1.5%11.94%6.32%-10.27%26.26%1.75%5.89%3.77%4.98%-28.43%
FCF / Revenue %
72.07%75.79%74.83%68.14%78.25%74.81%73.95%73.11%72.03%49.57%

NNN Key Ratios

NNN REIT, Inc. (NNN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
FFO per Share
2.942.992.962.472.833.23.473.513.53.49
FFO Payout Ratio
63.17%64.94%68.37%83.78%74.15%68.14%64.1%65%67.33%50.59%
NOI Margin
96.05%95.97%95.88%95.71%96.09%96.6%96.57%96.28%38%81.38%
Net Debt / EBITDA
5.04x4.57x4.93x5.17x5.46x5.54x5.49x5.27x5.74x-0.01x
Debt / Assets
39.33%40.14%40.19%42.17%48.33%48.07%50.34%49.29%51.39%0%
Interest Coverage
3.43x3.52x3.50x2.77x3.10x3.26x3.39x3.16x2.93x-
Book Value / Share
25.726.5826.2425.0822.3223.622.8823.723.4523.2
Revenue Growth
9.61%6.45%7.68%-1.46%9.95%6.42%7.12%4.97%6.55%5.77%
Related:NNN Dividend History·NNN Revenue History·NNN Price History·NNN P/E History·NNN Financial Ratios·NNN Institutional Holders

NNN SEC Filings & Documents

NNN REIT, Inc. (NNN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 30, 2026·SEC

Material company update

Feb 19, 2026·SEC

Material company update

Feb 11, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 11, 2026·SEC

FY 2025

Feb 11, 2025·SEC

FY 2024

Feb 8, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 30, 2026·SEC

FY 2025

Nov 4, 2025·SEC

FY 2025

Aug 5, 2025·SEC

NNN Frequently Asked Questions

NNN REIT, Inc. (NNN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

NNN REIT, Inc. (NNN) reported $935.8M in revenue for fiscal year 2025. This represents a 2704% increase from $33.4M in 1996.

NNN REIT, Inc. (NNN) grew revenue by 6.6% over the past year. This is steady growth.

Yes, NNN REIT, Inc. (NNN) is profitable, generating $387.3M in net income for fiscal year 2025 (42.1% net margin).

Dividend & Returns

Yes, NNN REIT, Inc. (NNN) pays a dividend with a yield of 5.24%. This makes it attractive for income-focused investors.

NNN REIT, Inc. (NNN) has a return on equity (ROE) of 8.9%. This is below average, suggesting room for improvement.

Industry Metrics

NNN REIT, Inc. (NNN) generated Funds From Operations (FFO) of $661.9M in the trailing twelve months. FFO is the primary profitability metric for REITs.

NNN REIT, Inc. (NNN) offers a 5.24% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in NNN back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →

How much would $100/month in NNN be worth today?

Dollar cost averaging calculator · DCA vs lump sum

Calculate →