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Home CompaniesNNN REIT, Inc.

NNN REIT, Inc.

Real Estate REIT - Retail
PortfolioPortfolio WatchlistWatchlist
Company price
41.69 USD 0.57 ( 1.39%)
Last update at 2026-11-09T21:00:00Z
VOLUME
2523314
Market Cap
7781.07M
P/E
20.02

Momentum Score

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NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of June 30, 2023, the company owned 3,479 properties in 49 states with a gross leasable area of approximately 35.5 million square feet and with a weighted average remaining lease term of 10.2 years. NNN is one of only three publicly traded REITs to have increased annual dividends for 34 or more consecutive years.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
41.11
Low
41.84
High
52 Week Price Range
33.83
Low
45.77
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

NNN REIT, Inc. is a real estate investment trust owning a diversified portfolio of single-tenant retail properties on long-term net leases. Growth drivers include rental escalations, disciplined acquisitions and portfolio management, and predictable rent streams that may benefit income-focused investors seeking stable dividends.
Material risks include exposure to retail tenant performance and economic cycles, interest-rate and refinancing sensitivity that could pressure valuations and distributions, and vacancy or lease-renewal risk.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
41.12
Dividend Yield
5.30%
Revenue TTM
810.40M
Revenue Per Share
4.49
Gross Profit TTM
746.77M
Debt / Equity
0.95
ROE
9.46%
Net Debt
3913.55M
ROCE
6.07%
Diluted EPS TTM
2.13

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 334.62M 290.11M 228.80M 299.61M 292.49M
Minority interest -0.01M -0.00M -0.00M 0.43M 0.04M
Net income 186.71M 152.24M 99.37M 179.16M 292.45M
Selling general administrative 49.53M 44.84M 38.24M 37.91M 34.25M
Selling and marketing expenses - 34.90M - - -
Gross profit 746.77M 698.02M 632.32M 642.83M 597.56M
Reconciled depreciation 223.83M 205.22M 196.62M 188.87M 174.40M
Ebit 482.54M 449.10M 374.49M 416.78M 390.73M
Ebitda 697.39M 653.39M 594.50M 608.03M 565.12M
Depreciation and amortization 214.85M 204.30M 220.01M 191.25M 174.40M
Non operating income net other -147.92M -158.99M -145.69M -117.17M -132.28M
Operating income 482.54M 449.10M 374.49M 416.78M 424.76M
Other operating expenses 299.65M 278.45M 263.22M 254.44M 233.75M
Interest expense 148.06M 137.87M 129.43M 120.02M 115.85M
Interest income 147.92M 0.22M 0.42M 3.11M 1.81M
Net interest income -147.92M -137.66M -129.01M -116.91M -114.04M
Non recurring 8.31M 21.96M - - -
Income tax expense 147.91M 137.87M 129.43M 120.45M -16.43M
Total revenue 773.05M 726.41M 660.68M 670.49M 622.66M
Total operating expenses 273.37M 250.06M 234.86M 226.78M 208.65M
Cost of revenue 26.28M 28.39M 28.36M 27.66M 25.10M
Total other income expense net -147.92M -158.99M -145.69M -117.17M 17.61M
Net income from continuing ops 334.63M 290.11M 228.79M 299.61M 292.49M
Net income applicable to common shares 334.63M 264.22M 210.86M 258.18M 258.12M
Preferred stock and other adjustments - -15.00M 17.94M 41.00M 34.33M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 8146.05M 7751.05M 7637.84M 7434.87M 7103.44M
Intangible assets 61.65M 67.50M 69.54M 76.42M 50.01M
Other current assets 5.35M 7.44M 1.92M 2.78M 4.08M
Total liab 4022.54M 3849.39M 3318.54M 3103.18M 2948.83M
Total stockholder equity 4123.50M 3901.66M 4319.30M 4331.68M 4154.25M
Deferred long term liab 5.35M 7.44M 1.92M 2.78M 4.08M
Other current liab 23.83M -3711.85M 19.40M 18.25M 19.52M
Common stock 1.81M 1.76M 1.75M 1.72M 1.62M
Capital stock 1.81M 1.76M 346.75M 346.72M 634.12M
Retained earnings -793.76M -747.85M -644.78M -499.23M -424.23M
Other liab 82.66M 79.00M 69.34M 81.25M 77.92M
Other assets 37.42M 216.26M 32.38M 7430.88M 34.55M
Cash 2.50M 171.32M 267.24M 1.11M 114.27M
Cash and equivalents 2.50M 171.32M 267.24M 1.11M 114.27M
Total current liabilities 190.03M 23.92M 19.40M 151.85M 19.52M
Net debt 3913.55M 3575.14M 2953.69M 2987.24M 2737.13M
Short term debt 166.20M 3735.77M 3.21M 133.60M 0.00M
Short long term debt 166.20M - - 5.52M -
Short long term debt total 3916.05M 3746.47M 3220.92M 2988.36M 2851.39M
Other stockholder equity 4928.03M 4662.71M 4633.77M 4495.31M 3950.05M
Property plant equipment 8020.81M 7444.29M 7208.66M 7290.02M 6853.76M
Total current assets 43.54M 219.42M 333.12M 42.68M 161.14M
Long term investments - 5.56M 5.67M 7.01M 21.68M
Net tangible assets 4123.50M 3901.66M 3974.30M 3986.68M 3521.75M
Net receivables 31.41M 35.10M 58.30M 31.77M 29.18M
Long term debt 3749.85M 3746.47M 3220.92M 2854.76M 2851.39M
Inventory 4.27M 5.56M 5.67M 7.01M 13.61M
Accounts payable 23.83M 23.92M 19.40M 18.25M 19.52M
Noncontrolling interest in consolidated entity - 0.00M 0.00M 0.01M 0.35M
Accumulated other comprehensive income -12.58M -14.96M -16.45M -11.13M -5.70M
Common stock total equity 1.81M 1.76M 1.75M 1.72M 1.62M
Preferred stock total equity - - 345.00M 345.00M 632.50M
Retained earnings total equity -793.76M -747.85M -644.78M -499.23M -424.23M
Non currrent assets other 8040.86M 7464.14M 7235.19M 7315.77M 6892.29M
Non current assets total 8102.51M 7531.64M 7304.72M 7392.19M 6942.30M
Long term debt total 3749.85M 3746.47M 3220.92M 2854.76M 2851.39M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -842.35M -552.84M -195.57M -744.42M -756.97M
Change to liabilities -1.31M 6.80M 3.14M -2.65M -2.31M
Total cashflows from investing activities -777.63M -432.18M -142.82M -619.41M -609.37M
Net borrowings 165.34M 491.40M 208.83M 132.88M 246.48M
Total cash from financing activities 34.73M -232.16M -41.25M 4.53M 250.37M
Change to operating activities -0.82M 8.09M 3.63M -2.33M -0.92M
Net income 334.62M 290.11M 228.80M 299.61M 292.49M
Change in cash -164.54M -95.91M 266.12M -113.16M 112.90M
Begin period cash flow 171.32M 267.24M 1.11M 114.27M 1.36M
End period cash flow 6.78M 171.32M 267.24M 1.11M 114.27M
Total cash from operating activities 578.36M 568.42M 450.19M 501.73M 471.91M
Issuance of capital stock 253.97M 4.05M 126.49M 542.28M 345.32M
Depreciation 223.83M 205.22M 196.62M 188.87M 174.40M
Other cashflows from investing activities 64.72M 120.66M 52.75M 125.01M 147.60M
Dividends paid -380.54M -382.29M -374.35M -364.83M 337.49M
Change to account receivables 0.36M 1.18M -1.46M 0.92M -0.20M
Sale purchase of stock 249.93M -345.00M 1003.65M -287.50M 2292.41M
Other cashflows from financing activities 683.76M 841.71M -26.84M 810.75M -29.34M
Change to netincome -17.44M -1.77M -25.59M -34.80M -47.58M
Capital expenditures 842.87M 553.32M 195.94M 623.52M 608.50M
Change receivables 0.36M 1.18M -1.46M 0.92M -0.20M
Cash flows other operating 29.50M 56.49M 38.34M 42.99M 43.58M
Cash and cash equivalents changes -164.54M -95.91M 266.12M -113.16M 112.90M
Change in working capital 3.10M 30.41M -23.86M -3.74M -1.87M
Stock based compensation 17.33M 14.49M 14.48M 11.55M 10.42M
Other non cash items -0.53M 4.93M -6.03M 4.61M 11.44M
Free cash flow 578.36M 568.42M 450.19M 501.73M 471.91M

Peer Comparison*

Sector: Real Estate Industry: REIT - Retail

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
NNN
NNN REIT, Inc.		 0.57
1.39%		 41.69 20.02 21.69 9.54 1.87 14.70 15.27
O
Realty Income Corporation		 0.51
0.86%		 59.55 43.17 35.34 9.16 1.42 14.52 16.99
SPG
Simon Property Group Inc		 3.58
1.57%		 232.00 21.31 24.69 9.77 16.15 12.96 14.98
SPG-PJ
Simon Property Group Inc		 -
-%		 53.00 - - 7.12 - - -
CPAMF
CapitaLand Integrated Commercial Trust		 -
-%		 1.62 14.31 19.19 8.74 1.09 16.62 18.41

Profile*

NNN REIT, Inc.

NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of June 30, 2023, the company owned 3,479 properties in 49 states with a gross leasable area of approximately 35.5 million square feet and with a weighted average remaining lease term of 10.2 years. NNN is one of only three publicly traded REITs to have increased annual dividends for 34 or more consecutive years.

450 South Orange Avenue, Orlando, FL, United States, 32801

407-666-7348

https://www.nnnreit.com

77

Name Title Year Born
Mr. Stephen A. Horn Jr. Pres, CEO & Director 1972
Mr. Kevin B. Habicht CFO, Exec. VP, Treasurer, Assistant Sec. & Director 1959
Ms. Michelle Lynn Miller Chief Accounting Officer & Exec. VP 1969
Mr. Christopher Paul Tessitore Exec. VP, Gen. Counsel & Sec. 1968
Mr. Christopher F. Barry VP of Corp. Communications & Investor Relations 1967
Ms. Margo Moeder VP of HR NA
Mr. Matt Williams Sr. VP of Underwriting NA
Ms. Mary Morrison Sr. VP of Financial Reporting & Operations NA
Mr. Jon Adamo Sr. VP of Acquisitions NA
Mr. Sam Khatib Director of Leasing & Asset Management NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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