NNN REIT, Inc. Financial Ratios — NNN Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	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
Return on Assets (%)	3	3.83	3.79	4.07	3.81	4.06	4.11	4.28	4.12	3.04	3.77	4.21	4.67	4.53	4.27
Return on Capital (%)	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
Return on Invested Capital (%)	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
Gross Margin (%)	94.41	95.04	95.3	95.65	95.9	96.09	96.05	95.97	95.88	95.71	96.09	96.6	96.57	96.28	95.96
EBITDA Margin (%)	71.52	81.16	87.49	88.17	88.71	89.25	90.27	90.47	90.22	89.92	89.92	90.19	90.84	91.1	90.51
Operating Margin (%)	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
Incremental Operating Margin (%)	36.72	107.83	82.65	54.66	54.84	66.19	52.87	91.74	56.73	189.57	76.83	54.55	73.02	69.51	48.56
Pretax Margin (%)	27.93	34.53	39.15	41.32	40.97	44.88	45.37	46.97	44.69	34.63	39.94	43.29	47.38	45.65	42.08
Profit Margin (%)	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
Net Income to Common Margin (%)	28.15	35.43	33.6	35.68	33.63	37.64	38.82	41.45	39.98	31.92	37.87	43.29	47.38	45.65	42.08
Effective Tax Rate (%)	1.06	- -	0.05	- -	5.22	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	171.33	145.8	150.06	140.88	150.26	127.93	121.63	117.42	124.1	169.03	133.51	113.72	103.09	105.9	113.71
Sustainable Growth Rate (%)	-3.65	-2.91	-3.14	-2.69	-3.09	-1.95	-1.58	-1.34	-1.72	-3.66	-2.34	-1.14	-0.29	-0.55	-1.22

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	1,339	1,587	1,570	1,730	1,976	2,312	2,580	2,851	2,988	3,221	3,746	3,916	4,361	4,374	4,820
ST Debt	66	174	46	- -	- -	- -	120	- -	134	- -	- -	166	132	- -	348
LT Debt	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
Total Debt/EBITDA	6.16	5.56	4.56	4.51	4.61	4.85	4.89	5.06	4.94	5.42	5.74	5.62	5.8	5.52	5.75
Net Debt/EBITDA	6.15	5.55	4.56	4.48	4.58	4.24	4.88	4.86	4.94	4.97	5.47	5.61	5.8	5.51	5.74
Total Debt/EBIT	8.45	7.56	6.42	6.47	6.73	7.07	7.28	7.33	7.18	8.1	8.36	8.27	8.49	8.07	8.46
Net Debt/EBIT	8.44	7.55	6.41	6.43	6.68	6.17	7.28	7.04	7.18	7.43	7.98	8.27	8.49	8.05	8.45
EBITDA to Interest Expense	2.88	3.41	4.01	4.48	4.76	4.94	4.84	4.86	5.04	4.59	4.74	4.71	4.59	4.3	4.11
EBITDA-CapEx/Interest Expense	-7.16	3.41	4.01	4.48	4.76	4.94	4.84	4.86	5.04	4.59	4.74	4.71	4.59	4.3	4.11
EBIT to Interest Expense	2.1	2.51	2.85	3.13	3.26	3.4	3.25	3.36	3.47	3.07	3.25	3.2	3.13	2.95	2.79
Interest Expense	76	84	86	86	90	96	109	116	120	129	138	148	164	184	204
Common Equity/Total Assets	55.62	50.37	49.43	51.01	50.68	47.31	48.9	49.58	53.62	52.03	50.34	50.62	48	49.16	47
Long-Term Debt/Equity (%)	63.55	61.49	54.84	56.11	59.12	59.02	64.04	68.63	65.9	74.57	96.02	90.94	101.71	100.26	101.45
Long-Term Debt/Capital (%)	38.09	36.37	35.04	35.94	37.15	37.11	38.31	40.7	39	42.72	48.99	46.64	49.64	50.07	48.46
Long-Term Debt/Total Assets (%)	37.07	35.43	34.2	35.19	36.19	36.5	37.49	40.14	38.4	42.17	48.33	46.03	48.82	49.29	47.68
Total Debt/Equity (%)	66.83	69.07	56.51	56.11	59.12	59.02	67.18	68.63	68.99	74.57	96.02	94.97	104.88	100.26	109.35
Total Debt/Capital (%)	40.06	40.85	36.11	35.94	37.15	37.11	40.18	40.7	40.82	42.72	48.99	48.71	51.19	50.07	52.23
Total Debt/Total Assets (%)	38.98	39.79	35.25	35.19	36.19	36.5	39.33	40.14	40.19	42.17	48.33	48.07	50.34	49.29	51.39
Net Debt to Equity	66.72	68.98	56.46	55.77	58.71	51.5	67.14	65.88	68.96	68.38	91.63	94.91	104.86	100.06	109.23
Net Debt/Capital (%)	40.02	40.82	36.09	35.8	36.99	33.99	40.17	39.72	40.82	40.61	47.82	48.69	51.19	50.02	52.21
EBITDA	217	285	344	383	428	476	528	563	605	594	653	697	752	792	838
EBITDA-CapEx	-541	285	344	383	428	476	528	563	605	594	653	697	752	792	838
Operating Income (Loss)	158	210	245	267	294	327	354	389	416	397	448	473	514	542	570

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.22	0.08	0.21	1.28	1.23	14.98	0.01	5.85	0.01	13.77	7.16	0.01	0.01	0.29	0.01
Current Ratio	1.57	0.53	1.28	6.06	6.19	17.89	0.47	8.68	0.3	17.17	9.17	0.23	0.31	1.86	0.19
Quick Ratio	0.98	0.37	0.93	3.56	3.1	16.43	0.22	7.35	0.22	16.78	8.63	0.18	0.24	1.54	0.11
CFO/Avg Current Liab	0.29	1.67	2.15	7.33	18.19	20.88	5.25	5.89	5.86	5.26	26.24	5.41	3.44	6.48	3.19
Common Equity/Total Assets	55.62	50.37	49.43	51.01	50.68	47.31	48.9	49.58	53.62	52.03	50.34	50.62	48	49.16	47
Long-Term Debt/Equity (%)	63.55	61.49	54.84	56.11	59.12	59.02	64.04	68.63	65.9	74.57	96.02	90.94	101.71	100.26	101.45
Long-Term Debt/Capital (%)	38.09	36.37	35.04	35.94	37.15	37.11	38.31	40.7	39	42.72	48.99	46.64	49.64	50.07	48.46
Long-Term Debt/Total Assets (%)	37.07	35.43	34.2	35.19	36.19	36.5	37.49	40.14	38.4	42.17	48.33	46.03	48.82	49.29	47.68
Total Debt/Equity (%)	66.83	69.07	56.51	56.11	59.12	59.02	67.18	68.63	68.99	74.57	96.02	94.97	104.88	100.26	109.35
Total Debt/Capital (%)	40.06	40.85	36.11	35.94	37.15	37.11	40.18	40.7	40.82	42.72	48.99	48.71	51.19	50.07	52.23
Total Debt/Total Assets (%)	38.98	39.79	35.25	35.19	36.19	36.5	39.33	40.14	40.19	42.17	48.33	48.07	50.34	49.29	51.39
CFO/Total Liabilities	12.42	13.5	16.37	16.19	16.11	17.18	15.5	16	16.17	13.57	14.77	14.38	13.6	14.09	13.42
CFO/CapEx	0.23	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	1.4	1.44	1.56	1.94	1.82	1.86	1.64	1.81	1.95	1.49	1.5	1.37	1.19	1.19	1.04

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	219.93	119.71	109.02	122.16	151.93	157.84	151.24	153.48	201.02	183.22	193.92	228.51	228.1	262.46	287.42
Days Sales Outstanding	1.66	3.05	3.35	2.99	2.4	2.31	2.41	2.38	1.82	1.99	1.88	1.6	1.6	1.39	1.27
Inventory Turnover	1.06	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	344.41	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	-0.16	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	-2,242.3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	2,588.36	3.05	3.35	2.99	2.4	2.31	2.41	2.38	1.82	1.99	1.88	1.6	1.6	1.39	1.27
Inventory to Cash Days	-342.75	3.05	3.35	2.99	2.4	2.31	2.41	2.38	1.82	1.99	1.88	1.6	1.6	1.39	1.27
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	2,763	3,481	3,700	5,197	5,647	6,504	6,624	7,835	9,206	7,171	8,443	8,302	7,865	7,661	7,527
- Cash & Cash Equivalents	2	2	1	11	14	295	1	114	1	267	171	3	1	9	5
+ Preferred Equity and Hybrid Capital	92	288	575	575	575	920	632	632	345	345	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	1	1	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	1,339	1,587	1,570	1,730	1,976	2,312	2,580	2,851	2,988	3,221	3,746	3,916	4,361	4,374	4,820
Enterprise Value	4,179	5,341	5,833	7,480	8,174	9,441	9,835	11,205	12,538	10,469	12,018	12,216	12,224	12,026	12,343
Total Capital	3,343	3,885	4,348	4,813	5,318	6,229	6,421	7,006	7,320	7,540	7,648	8,040	8,518	8,736	9,229
Total Debt/Capital (%)	40.06	40.85	36.11	35.94	37.15	37.11	40.18	40.7	40.82	42.72	48.99	48.71	51.19	50.07	52.23
Total Debt / EV	0.32	0.3	0.27	0.23	0.24	0.24	0.26	0.25	0.24	0.31	0.31	0.32	0.36	0.36	0.39
EV/Sales	13.75	15.19	14.82	17.2	16.93	17.69	16.81	17.99	18.7	15.85	16.54	15.8	14.76	13.83	13.33
EV/EBITDA	19.23	18.72	16.94	19.51	19.08	19.82	18.63	19.89	20.73	17.62	18.4	17.52	16.25	15.19	14.72
EV/EBIT	26.37	25.43	23.84	27.99	27.84	28.86	27.76	28.81	30.14	26.34	26.83	25.8	23.8	22.18	21.66
EV/Cash Flow to Firm	16.55	16.87	16.19	19.57	19.17	18.45	18.53	19.06	20.17	18.06	17.02	16.82	15.75	14.67	14.17
EV/Free Cash Flow to Firm	4.13	16.87	16.19	19.57	19.17	18.45	18.53	19.06	20.17	18.06	17.02	16.82	15.75	14.67	14.17
Diluted Market Cap	2,344	3,404	3,636	4,910	5,386	6,394	6,445	7,582	8,852	7,047	8,404	8,103	7,831	7,518	7,450
Diluted Enterprise Value	3,774	5,278	5,780	7,205	7,924	9,331	9,657	10,952	12,184	10,346	11,979	12,016	12,190	11,883	12,265
EV per Share	39.89	47.88	47.82	56.67	57.97	64.16	64.04	69.38	73.03	59.74	68.43	67.33	66.99	64.13	64.98
TTM Sales	304	352	394	435	483	534	585	623	670	661	726	773	828	869	926
TTM EBITDA	217	285	344	383	428	476	528	563	605	594	653	697	752	792	838
TTM Operating Income	158	210	245	267	294	327	354	389	416	397	448	473	514	542	570
TTM Cash Flow to Firm	252	317	360	382	426	512	531	588	622	580	706	726	776	820	871
TTM Free Cash Flow to Firm	1,011	317	360	382	426	512	531	588	622	580	706	726	776	820	871

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	2.5	14.92	13.25	16.55	15.79	15.39	15.29	16.07	17.64	15.65	14.78	14.01	12.79	11.83	11.17
EV/EBIT	26.37	25.43	23.84	27.99	27.84	28.86	27.76	28.81	30.14	26.34	26.83	25.8	23.8	22.18	21.66
Enterprise Value	4,179	5,341	5,833	7,480	8,174	9,441	9,835	11,205	12,538	10,469	12,018	12,216	12,224	12,026	12,343
Low Price	22.69	26.04	30.01	30.08	33.62	38.29	36.45	36.25	46.99	24.04	38.25	38.05	34.38	38.88	35.8
EV/Sales	13.75	15.19	14.82	17.2	16.93	17.69	16.81	17.99	18.7	15.85	16.54	15.8	14.76	13.83	13.33
EV/EBITDA	19.23	18.72	16.94	19.51	19.08	19.82	18.63	19.89	20.73	17.62	18.4	17.52	16.25	15.19	14.72
Price/Earnings	27.17	26.79	27.11	31.53	33.05	31.72	28.33	29.27	32.95	33.4	30.53	24.12	19.91	18.91	19.08
Price/Earnings Average	26.34	24.71	30.59	28.64	31.76	33.23	27.49	25.96	33.07	31.85	28.86	23.28	19.32	20.12	19.95
Price/Earnings High	28.44	27.81	37.53	32.42	36.66	38.47	30.43	31.06	36.41	48.05	31.96	25.78	22.27	22.95	21.29
Price/Earnings Low	23.37	22.36	26.83	24.09	27.74	27.48	23.94	21.87	28.87	19.62	24.29	20.06	15.88	18	17.23
Price/Book Value	1.45	1.73	1.68	2.07	2.04	2.17	2.06	2.22	2.31	1.8	2.16	2.01	1.89	1.76	1.71
Price/Book Value Average	1.4	1.6	1.9	1.88	1.96	2.27	2	1.97	2.32	1.72	2.05	1.94	1.84	1.87	1.79
Price/Book Value High	1.51	1.8	2.33	2.13	2.26	2.63	2.22	2.36	2.55	2.6	2.27	2.15	2.12	2.13	1.91
Price/Book Value Low	1.24	1.45	1.66	1.58	1.71	1.88	1.74	1.66	2.02	1.06	1.72	1.67	1.51	1.67	1.54
Price/Tangible Book Value	1.48	1.77	1.74	2.14	2.1	2.22	2.1	2.27	2.35	1.84	2.2	2.04	1.92	1.77	1.73
Price/Tangible Book Value Average	1.43	1.63	1.96	1.94	2.01	2.32	2.04	2.01	2.36	1.75	2.08	1.97	1.86	1.89	1.81
Price/Tangible Book Value High	1.54	1.84	2.4	2.2	2.32	2.69	2.25	2.41	2.6	2.64	2.31	2.18	2.14	2.15	1.93
Price/Tangible Book Value Low	1.27	1.48	1.72	1.63	1.76	1.92	1.77	1.69	2.06	1.08	1.75	1.7	1.53	1.69	1.56
Price/Sales	7.65	9.49	9.11	11.25	11.11	11.94	10.99	12.13	13.17	10.66	11.56	10.44	9.43	8.63	8.03
Price/Sales Average	7.42	8.75	10.28	10.22	10.68	12.51	10.67	10.76	13.22	10.17	10.93	10.08	9.15	9.19	8.4
Price/Sales High	8.01	9.85	12.61	11.57	12.33	14.48	11.81	12.88	14.56	15.34	12.11	11.16	10.55	10.47	8.96
Price/Sales Low	6.58	7.92	9.01	8.59	9.33	10.34	9.29	9.07	11.54	6.26	9.2	8.68	7.52	8.22	7.25
Price/Cash Flow	13.08	14.63	13.06	16.49	15.73	15.34	15.26	16.01	17.6	15.64	14.77	13.96	12.75	11.81	11.14
Price/Cash Flow Average	12.68	13.5	14.74	14.98	15.12	16.07	14.81	14.2	17.66	14.92	13.97	13.47	12.37	12.56	11.66
Price/Cash Flow High	13.69	15.19	18.08	16.96	17.45	18.61	16.39	16.99	19.45	22.51	15.47	14.91	14.26	14.33	12.44
Price/Cash Flow Low	11.25	12.21	12.93	12.6	13.21	13.29	12.89	11.96	15.42	9.19	11.76	11.61	10.17	11.24	10.07
Price/Free Cash Flow Average	2.43	13.77	14.95	15.03	15.18	16.13	14.84	14.25	17.71	14.93	13.98	13.52	12.41	12.59	11.68
Price/Free Cash Flow High	2.62	15.49	18.34	17.02	17.52	18.67	16.43	17.05	19.5	22.52	15.48	14.97	14.3	14.36	12.46
Price/Free Cash Flow Low	2.15	12.46	13.11	12.64	13.26	13.34	12.92	12.01	15.46	9.2	11.76	11.65	10.2	11.26	10.09
EV/Sales Average	13.53	14.46	16.06	16.13	16.49	18.27	16.48	16.57	18.75	15.34	15.91	15.43	14.48	14.4	13.7
EV/Sales High	14.23	15.6	18.46	17.57	18.23	20.28	17.66	18.76	20.14	20.61	17.09	16.54	15.89	15.72	14.27
EV/Sales Low	12.53	13.59	14.75	14.41	15.07	16.06	15.06	14.81	17	11.37	14.17	13.99	12.84	13.41	12.54
EV/EBITDA Average	18.91	17.82	18.35	18.3	18.59	20.47	18.26	18.32	20.78	17.06	17.69	17.1	15.94	15.81	15.14
EV/EBITDA High	19.89	19.23	21.11	19.93	20.55	22.73	19.56	20.74	22.33	22.92	19.01	18.34	17.49	17.25	15.77
EV/EBITDA Low	17.52	16.74	16.86	16.34	16.99	18	16.68	16.38	18.85	12.64	15.76	15.51	14.14	14.72	13.86
EV/EBIT Average	25.93	24.21	25.83	26.25	27.13	29.8	27.21	26.53	30.22	25.5	25.8	25.19	23.35	23.08	22.27
EV/EBIT High	27.28	26.12	29.7	28.59	29.98	33.08	29.15	30.04	32.46	34.25	27.71	27.01	25.62	25.2	23.19
EV/EBIT Low	24.02	22.75	23.73	23.44	24.79	26.2	24.86	23.72	27.4	18.9	22.98	22.85	20.7	21.5	20.38
Last Price	26.38	31.2	30.33	39.37	40.05	44.2	43.13	48.51	53.62	40.92	48.07	45.76	43.1	40.85	39.63
High Price	27.61	32.39	41.98	40.49	44.43	53.6	46.34	51.48	59.26	58.87	50.33	48.9	48.21	49.57	44.23
Enterprise Value Average	4,110	5,084	6,319	7,016	7,965	9,750	9,641	10,317	12,572	10,137	11,556	11,926	11,991	12,517	12,690
Enterprise Value High	4,323	5,487	7,266	7,640	8,803	10,825	10,328	11,684	13,507	13,615	12,415	12,785	13,156	13,661	13,216
Enterprise Value Low	3,807	4,779	5,806	6,266	7,278	8,572	8,810	9,224	11,400	7,511	10,293	10,817	10,633	11,657	11,615

Shares Outstanding	105	112	122	132	141	147	154	162	172	175	176	181	182	188	190
Diluted Weighted Avg Shares	89	109	120	125	134	145	149	156	165	172	175	177	182	184	188
Basic Weighted Avg Shares	88	107	118	124	134	144	149	156	165	172	175	176	181	184	188
Revenue per Share	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
EBITDA per Share	2.47	2.67	2.91	3.09	3.2	3.3	3.54	3.62	3.67	3.45	3.74	3.95	4.15	4.31	4.47
Operating Income per Share	1.8	1.96	2.07	2.15	2.19	2.27	2.38	2.5	2.53	2.31	2.56	2.68	2.83	2.95	3.04
Basic EPS, GAAP	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
Basic EPS from Cont Ops	0.96	1.24	1.3	1.45	1.4	1.66	1.78	1.88	1.82	1.33	1.66	1.9	2.17	2.16	2.08
Diluted EPS, GAAP	0.96	1.14	1.1	1.24	1.21	1.39	1.52	1.65	1.62	1.22	1.57	1.89	2.16	2.16	2.07
Diluted EPS from Cont Ops	0.95	1.21	1.28	1.44	1.39	1.66	1.78	1.87	1.81	1.33	1.66	1.89	2.16	2.16	2.07
Dividend per Share	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
Cash Flow per Share	2.02	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
Free Cash Flow per Basic Share	-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
Cash & Equivalents per Share	0.17	0.14	0.11	0.17	0.18	2	0.01	0.71	0.01	1.53	0.98	0.01	0.01	0.05	0.03
Book Value per Share	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
Tangible Book Value per Share	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

NNN REIT, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)