profit from every $100 of sales.
$0$100
NNN REIT
$41.40-0.86% today
-0.0% in 1 year
1-year low $39.051-year high $49.59
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $20.60 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What NNN REIT sold, what it kept, and what it did with the cash.
Sales went from $773 million in 2022 to $926 million in 2025, with $390 million of profit last year.
SalesProfit
NNN REIT handed back 66% of the cash it generated last year.
$443M
Free cash flow 2025$667M
Bought back its own shares–
Paid as dividends$443M
Cash vs. debt$5M vs. $4.8B
NNN REIT vs. similar companies
NNN REIT grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| NNN REIT | 20.6× · Fair price | ||
 Simon Property Group | 19.2× · Fair price | ||
 Realty Income | 53.7× · Expensive | ||
 Kimco Realty | 29.1× · Fair price | ||
 Unibail-Rodamco-Westfield | 10.6× · Cheap |
AI analysis
An AI analyst reads NNN REIT's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 661 | 726 | 773 | 828 | 869 | 926 | |
| – | – | 747 | 800 | 837 | 889 | |
| 374 | 449 | 473 | 514 | 542 | 570 | |
| 571 | 654 | 707 | 795 | 831 | 862 | |
| 229 | 290 | 335 | 392 | 397 | 390 | |
| 1.22 | 1.51 | 1.89 | 2.16 | 2.15 | 2.07 | |
| – | – | 96.6% | 96.6% | 96.3% | 96.0% | |
| 56.7% | 61.8% | 61.2% | 62.0% | 62.4% | 61.5% | |
| 34.6% | 39.9% | 43.3% | 47.4% | 45.7% | 42.1% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 7,638 | 7,751 | 8,146 | 8,662 | 8,873 | 9,379 |
| Cash | 267 | 171 | 3 | 1 | 9 | 5 |
| Total debt | – | – | 3,916 | 4,361 | 4,374 | 4,820 |
| Total liabilities | 3,319 | 3,849 | 4,023 | 4,505 | 4,510 | 4,971 |
| 4,319 | 3,902 | 4,124 | 4,157 | 4,362 | 4,408 | |
| 172 | 175 | 177 | 182 | 184 | 188 | |
| 6.8% | 9.1% | 4.7% | 5.2% | 5.3% | 5.1% | |
| 5.3% | 7.4% | 8.1% | 9.4% | 9.1% | 8.8% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 450 | 568 | 578 | 612 | 636 | 667 | |
| – | – | – | – | – | – | |
| – | – | 578 | 612 | 636 | 667 | |
| Dividends paid | 356 | 367 | 381 | 404 | 420 | 443 |
| – | – | 0 | 0 | – | – | |
| – | – | 17 | – | – | – |
Valuation
- 20.6×
- 20.2×
- 1.85
- 1.8×
- 8.7×
- 12.0×
- 14.9×
- 8.3%
- 4.9%
- 5.5%
Profitability
- 96.0%
- 61.5%
- 42.1%
- 93.0%
- 5.2%
- 5.2%
- 8.8%
- 4.1%
- 6.4%
- –
Growth
- +7.0%
- +11.2%
- +5.0%
- +2.7%
- +2.0%
Financial health
- 5.6×
- 1.09
- 51.5%
- 2.9×
- 0.19
- 0.48
- 0.10
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 39%of 746
Top 23%of 752
Bottom 38%of 666
Top 50%of 762
Top 31%of 763
What analysts expect
- Average price target
- $46.06
- Range
- $43.00 – $50.00
- 5 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 30, 2026 | 0.87 | 0.51 | +70.9% |
| Feb 11, 2026 | 0.87 | 0.49 | +76.2% |
| Nov 4, 2025 | 0.86 | 0.86 | +0.0% |
| Aug 5, 2025 | 0.85 | 0.84 | +1.2% |
| May 1, 2025 | 0.87 | 0.83 | +4.8% |
| Feb 11, 2025 | 0.82 | 0.82 | +0.0% |
| Oct 31, 2024 | 0.84 | 0.84 | +0.0% |
| Aug 1, 2024 | 0.84 | 0.83 | +1.2% |
5.5%of the share price, paid each year
On $1,000 invested$55a year at today's yield, before tax
+2.7%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$1.71 in 2015 → $2.36 in 2025
How safe it looks
113.7% of its profit
Room to growStretchedMore than it earns: 66.4%
News
American Healthcare REIT forecasts $2.23-$2.26 2026 NFFO per share as same-store NOI growth target rises to 12%-14%Seeking Alpha · Nov 6, 2026NNN REIT, Inc. Q3 2026 Earnings Call SummaryYahoo Finance · Nov 4, 2026Cohen & Steers REIT and Preferred and Income Fund, Inc. declares $0.136 dividendSeeking Alpha · Sep 23, 2026Short sellers targeted these five REIT stocks up to $2B market cap in AugustSeeking Alpha · Sep 1, 2026NNN REIT to add two new board members in October as part of succession planingSeeking Alpha · Aug 17, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
58No pass
Benjamin Graham
47No pass
Philip Fisher
56No pass
Peter Lynch
55No pass
Joel Greenblatt
36No pass
Charlie Munger
55No pass
Terry Smith
53No pass
Questions about NNN REIT
Is NNN REIT a good stock to buy?
A business with weak numbers at a fair price. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the NNN REIT AI analysis
What does NNN REIT do?
NNN REIT, Inc. is a REIT that invests in high-quality properties subjected generally to long-term, net leases with minimal ongoing capital expenditures. It is in REIT - Retail, based in Orlando, FL, United States, with 85 employees.
Does NNN REIT pay a dividend?
Yes. At today's price the dividend is 5.5% a year, about 114% of its yearly profit. In 2025 it paid out $443 million in dividends.
Is NNN REIT stock halal?
No. NNN REIT does not pass our halal screen: its debt is 60% of its market value, at or above the 33% limit. How we check
How has NNN REIT stock done over the past year?
Down 0.0% over the past twelve months, to $41.40. It traded between $39.05 and $49.59 and is 16.5% below its high.
Who are NNN REIT's competitors?
The largest listed companies in the same industry are Simon Property Group, Realty Income, Kimco Realty and Unibail-Rodamco-Westfield. The peers table on this page compares their profit, growth and price with NNN REIT's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.