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NNN

NNN REIT, Inc.

NNN

NYSE·Real Estate·REIT - Retail·Mkt cap $8.9B

$47.46

▲ +1.91%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$38.90 - $47.63

P/E

23.04

Fwd P/E

23.44

Beta

0.79

Div Yield

5.15%

Avg Vol

1.9M

Shares Out

190.3M

Mkt Cap

$8.9B

Price action

Price chart

Up 6.6% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

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

Strong

+8.9% over 3m

Quality

Excellent

Excellent business quality

Dividend

High yield

5.15% yield

Earnings track record

Recent earnings results

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

Next: Apr 29, 2026

“
Q2 26 RECAP

APR 30, 2026

Reported EPS of $0.50 vs $0.51 consensus (-1.6% surprise). Revenue of $240.0M vs $237.8M expected (+0.9%).

EPS miss
Rev beat +0.9%

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-1.6%

Next: Apr 29, 2026

Revenue trend · last 8Q

—

—

+1%

+7%

+5%

+5%

+9%

+4%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$216.8M

$218.6M

$218.5M

$230.9M

$226.8M

$230.2M

$238.4M

$240.4M

Margins · last 8Q

Gross

95.9%

Operating

60.4%

Profit

39.1%

View full earnings history →

Wall Street consensus

9 analysts · 11% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

11%

Hold

5

56%

Sell

3

33%

Median Price Target

$47.50

▲ +0.1% vs $47.46

Low $45.00
Median $47.50
High $50.00

Latest: Citi · May 7, 2026

2 analysts covering

View full analyst page →

vs Industry

How NNN stacks vs REIT - Retail

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

Industry comparison data unavailable for this stock.