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NNN

NNN REIT, Inc.

NNN

NYSE·Real Estate·REIT - Retail·Mkt cap $8.6B

$45.07

-0.38%

P/E

22.20

Mkt Cap

$8.6B

52-Wk Range

$38.90–$50.00

52-Week Range

$38.90 - $50.00

P/E

22.20

Fwd P/E

21.97

Beta

0.78

Div Yield

5.35%

Avg Vol

1.7M

Shares Out

190.3M

Mkt Cap

$8.6B

Price action

Price chart

Up 7.4% over the trailing year

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Diversified portfolio of 3,114 properties across 48 states reducing concentration risk
  • Long-term net lease agreements with weighted average 10.7-year remaining terms ensuring stable cash flows
  • Triple-net lease structure minimizing operational expenses and capital requirements
  • Established relationships with creditworthy retail tenants and strong underwriting capabilities

Bear Case

1 risk

  • Low volatility (beta 0.8).

Growth

Stable outlook

Acquisition of high-quality retail properties with long-term lease agreements

Value

Undervalued - trading well below Retail REITs peers

Momentum

Stable

+3.2% over 3m

Quality

Excellent

Strong fundamentals

Dividend

High yield

5.35% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Nov 3, 2026

Q3 26 RECAP

AUG 5, 2026

Reported EPS of $0.52 vs $0.51 consensus (+2.4% surprise). Revenue of $242.7M vs $240.2M expected (+1.0%). Beat on both top and bottom lines.

EPS beat +2.4%
Rev beat +1.0%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Estimate

Actual

Q3 26

+2.4%

Revenue trend · last 8Q

+1%

+7%

+5%

+5%

+9%

+4%

+8%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$218.6M

$218.5M

$230.9M

$226.8M

$230.2M

$238.4M

$240.4M

$244.3M

Margins · last 8Q

Gross

96.6%

Operating

62.0%

Profit

40.1%

Wall Street consensus

8 analysts · 13% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

13%

Hold

6

75%

Sell

1

13%

Median Price Target

Latest: B. Riley · Aug 12, 2026

vs Industry

How NNN stacks vs REIT - Retail

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.