NNN REIT, Inc.

NNN REIT, Inc.

NNN
NNN REIT, Inc.US flagNew York Stock Exchange
41.54
USD
+0.39
- -
7.90BMarket Cap
NNN REIT, Inc.
NNN
(New York Stock Exchange)

Recent

price

41.54

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
3.08
3.45
3.29
3.33
3.5
3.6
3.7
3.92
4
4.07
3.84
4.16
4.38
4.57
4.73
4.94
5.05
Revenue per Share
0.8
0.97
1.16
1.12
1.25
1.21
1.39
1.52
1.66
1.63
1.23
1.57
1.9
2.17
2.16
2.08
2.04
Basic EPS, GAAP
-0.52
-6.59
2.13
2.32
2.39
2.55
2.88
2.83
3.03
3.05
2.62
3.25
3.28
3.38
3.46
3.56
3.57
Free Cash Flow per Basic Share
1.6
1.59
1.73
1.84
1.93
1.97
2.05
2.11
2.17
2.22
2.18
2.19
2.16
2.23
2.29
2.36
2.4
Dividend per Share
17.17
18.24
18.01
18.05
18.99
19.62
20.37
20.89
21.81
23.22
22.68
22.21
22.73
22.78
23.26
23.21
23.24
Book Value per Share
17.17
17.88
17.61
17.47
18.41
19.11
19.92
20.56
21.4
22.77
22.28
21.83
22.39
22.49
23.02
22.96
22.99
Tangible Book Value per Share
83
88
107
118
124
134
144
149
156
165
172
175
176
181
184
188
189
Basic Weighted Avg Shares
255
304
352
394
435
483
534
585
623
670
661
726
773
828
869
926
953
Sales/Revenue/Turnover
55.12
52.16
59.73
62.17
61.46
60.8
61.31
60.57
62.46
62.05
60.16
61.67
61.24
62.02
62.38
61.53
61.23
Operating Margin (%)
49
59
75
100
116
135
149
174
174
189
197
205
224
239
250
268
277
Depreciation Expense
73
92
142
160
191
198
240
265
292
299
229
290
335
392
397
390
385
Net Income, GAAP
0.72
1.06
- -
0.05
- -
5.22
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
28.62
30.39
40.38
40.7
43.83
40.97
44.88
45.3
46.97
44.62
34.63
39.94
43.29
47.38
45.65
42.08
40.35
Profit Margin (%)
-1,072
46
-90
18
88
104
332
-74
150
-106
314
195
-146
-115
26
-315
7
Working Capital
- -
1,274
1,413
1,524
1,730
1,976
2,312
2,460
2,851
2,855
3,221
3,746
3,750
4,229
4,374
4,472
4,973
LT Debt
1,529
2,004
2,298
2,778
3,083
3,342
3,917
3,841
4,155
4,332
4,319
3,902
4,124
4,157
4,362
4,408
4,461
Total Equity
5.38
5.22
- -
5.94
- -
5.49
5.67
5.6
5.79
5.81
5.35
5.9
6.04
6.2
6.29
6.34
6.32
Return on Invested Capital (%)
5.29
5.56
- -
5.98
- -
5.59
5.82
5.91
6.08
5.85
4.82
5.64
6.15
6.72
6.73
6.61
6.47
Return on Capital (%)
4.55
5.11
6.36
6.28
6.59
6.16
6.97
7.32
7.67
7.14
5.3
6.99
8.34
9.48
9.32
8.89
8.72
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
348
80
28
LT Borrowings
4,472
4,774
4,973
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
190
190
192
Market Capitalization
7,527
7,996
8,931

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
74
72
73
Cash, Cash Equivalents & STI
5
5
4
Accounts Receivable, Net
3
4
3
Inventories
- -
- -
- -
Total Current Liabilities
389
152
66
Payables & Accruals
41
72
38
ST Debt
348
80
28
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.02%
0.57%
1.06%
Free Cash Flow
7.39%
8.53%
4.98%
Net Income, GAAP
7.96%
11.75%
-1.78%
Sales/Revenue/Turnover
6.78%
7%
6.55%
Total Cash Common Dividend
6.88%
4.46%
5.46%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
215
217
219
218
869
2025
231
227
230
238
926
2026
240
244
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.52
0.58
0.53
0.53
2.16
2025
0.52
0.54
0.52
0.51
2.08
2026
0.5
0.52
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.56
0.57
0.58
0.58
2.29
2025
0.58
0.58
0.6
0.6
2.36
2026
0.6
0.6
- -
- -
- -
Business
NNN REIT, Inc. NNN REIT, Inc. is a real estate investment trust that acquires, owns, invests in, develops, and manages a diversified portfolio of 3,697 single-tenant, freestanding retail properties leased under long-term triple-net leases to approximately 400 tenants across 37 lines of trade, including convenience stores, automotive services, limited- and full-service restaurants, family entertainment centers, recreational vehicle dealers, theaters, health and fitness centers, equipment rental, wholesale clubs, automotive parts, drug stores, home improvement, medical service providers, general merchandise, and pet supplies and services; the portfolio spans 50 states with 39.2 million square feet of gross leasable area, 97.5% occupancy, and a weighted average remaining lease term of approximately 10 years. Headquartered in Orlando, Florida, the company was founded in 1984 as Golden Corral Realty Corp., went public in 1994, became self-managed in 1998, and changed its name to NNN REIT, Inc. in 2023. In recent developments, NNN REIT closed $283 million in investments during third-quarter 2025 at a 7.3% initial cash cap rate with 17.8-year weighted average lease terms, raised full-year 2025 acquisition guidance to $850-$950 million and dispositions to an unspecified increased range, increased Core FFO guidance to $3.36-$3.40 per share, and marked its 36th consecutive annual dividend increase.

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