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NNN Reit, Inc. (NNN) stock

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NYSE: NNN NYSE Retail REITs Next results ~November 4, 2026

NNN Reit, Inc. is a US-listed company in the retail REITs industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: data-quality checks not passed.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

NNN Reit, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 3 selling0 purchases and 3 sales by directors and officers, last 12 monthsInsider trades
  • Funds346 adding, 197 cuttingOf 56 active managers that changed their stake, 30 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter NNN Reit files

Where NNN Reit stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $926m, up 6.6% on a year earlier, faster than 4.5% a quarter earlier. The diluted share count is up 2.1% on a year earlier, which dilutes existing holders.

Our model value for NNN Reit is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

NNN Reit, Inc.'s trailing-twelve-month revenue grew 6.6% year on year, with a free-cash-flow margin of 43.0%.

Current signal Operating margin compressing: TTM operating margin fell to 63.6%, down 2.8pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • High operating margin. 63.6% of revenue is left as operating profit.
  • Strong cash generation. 43.0% of revenue turned into free cash flow.

Things to watch

  • Results due soon. Results are expected around 3 November; the share price can move sharply on the day.
  • Share dilution. Diluted shares rose 2.1% in a year.

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$0.51 against an average estimate of $0.51: beat by 0.1%
Revenue
$244m, up 7.7% on a year earlier
Share reaction
-0.4% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Guidance given
net earnings per share excluding any gains on disposition of real estate, impairment losses and retirement and severance costs $2.01 to $2.05 (2026); real estate depreciation and amortization per share $1.49 (2026)
Next report
November 4, 2026; average EPS estimate $0.52

NNN Reit's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.7%
  • 1 week+0.7%
  • 1 month+3.4%
  • This year+11.3%
  • 1 year+9.0%
  • 5 years+17.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$926M
Operating margin
63.6%
Net margin
42.1%
EPS (TTM, diluted)
$2.07

Growth

Revenue growth
+6.6%
Change in growth rate
+2.0 pts
Share count change
+2.1%

Earnings

Last results
August 5, 2026
Next results (est.)
November 3, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Announcement
  3. Results
  4. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

NNN Reit, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

Moat

61 /100

Moderate moat

How hard NNN Reit's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 4 / 20

    Net income has been a median 4.1% of total assets over 10 years.

  • Durability 20 / 20

    Operating margin has been a median 63.3%; its worst year was 56.7%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 45.5% of revenue.

  • Discipline 5 / 20

    The diluted share count rose 20.3% over five years.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, before the open. Analysts expect revenue of $247m and EPS of $0.52 (range $0.51 to $0.54) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.06 +4% $980m +6%
Next $2.10 +2% $1.0bn +6%

Next year's EPS estimate has moved −0.1% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.1% on 90 days ago. In the last 30 days, 1 analyst raised NNN Reit, Inc.'s forecast and 0 cut it.

Consensus EPS forecast NNN Reit, Inc., last 90 days
$2.02 $2.04 $2.06 $2.08 $2.10 $2.12 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.04 Current fiscal year, 60 days ago: $2.04 Current fiscal year, 30 days ago: $2.06 Current fiscal year, 7 days ago: $2.06 Current fiscal year, Now: $2.06 $2.06 Next fiscal year, 90 days ago: $2.10 Next fiscal year, 60 days ago: $2.10 Next fiscal year, 30 days ago: $2.12 Next fiscal year, 7 days ago: $2.09 Next fiscal year, Now: $2.10 $2.10

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.04$2.10
60 days ago $2.04$2.10
30 days ago $2.06$2.12
7 days ago $2.06$2.09
Now $2.06$2.10

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.51 $0.51 +0.1%
Mar 2026 $0.51 $0.49 −4.1%
Dec 2025 $0.50 $0.51 +1.2%
Sept 2025 $0.48 $0.49 +2.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • Net earnings per share excluding any gains on disposition of real estate, impairment losses and retirement and severance costs 2026 $2.01 to $2.05 Non-GAAP
    “Net earnings per share excluding any gains on disposition of real estate, impairment losses and retirement and severance costs $2.02 - $2.08 $2.01 - $2.05” source
  • Real estate depreciation and amortization per share 2026 about $1.49
    “Real estate depreciation and amortization per share $1.46 $1.49” source
  • Core FFO per share 2026 $3.50 to $3.54 Non-GAAP Raised
    “Increased 2026 Core FFO per share guidance to a new range of $3.50 - $3.54” source
  • AFFO per share 2026 $3.55 to $3.59 Non-GAAP Raised
    “Increased 2026 AFFO per share guidance to a new range of $3.55 - $3.59” source
  • General and administrative expenses 2026 $53m to $55m
    “General and administrative expenses $53 - $55 $53 - $55” source
  • Real estate expenses, net of tenant reimbursements 2026 $13.5m to $14.5m
    “Real estate expenses, net of tenant reimbursements $14 - $15 $13.5 - $14.5” source
Show 2 more items
  • Acquisition volume 2026 $700m to $800m Raised
    “Raised 2026 acquisition volume guidance to a new range of $700 - $800 million” source
  • Disposition volume 2026 $120m to $160m
    “Disposition volume $110 - $150 $120 - $160” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

18 analysts, Oct 2026
Buy317%
Hold1267%
Sell317%

Monthly trend

  1. Oct 2026212318
  2. Sep 2026211317
  3. Aug 2026212317
  4. Jul 2026212317

Counts of recommendations published by analysts covering NNN Reit, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.0%
of tradable shares
Days to cover
2.7
at average volume
Short interest, 1 month
+11%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.9%
of shares
Employees
85
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +9.0%

$38.24 on October 31, 2025 to $41.70

ThenNowEffect
Revenue (last 12 months) $895m $926m +3.5%
Net margin 43.9% 42.1% −4.1%
P/E multiple 18.1x 20.2x +11.2%
Share count 186m 189m −1.2%

Biggest factor: p/e multiple.

Last 3 years +25.9%

$33.11 on November 3, 2023 to $41.70

ThenNowEffect
Revenue (last 12 months) $799m $926m +16.0%
Net margin 46.1% 42.1% −8.6%
P/E multiple 16.2x 20.2x +24.4%
Share count 180m 189m −4.4%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
NNN+23%0%−1%−0%+3%+11%
Industry peers (median)+51%−14%+7%+15%−3%+11%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
NNN58%42%50%67%50%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
NNN−13%−20%−25%−18%−13%−19%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 55% from February 24, 2020 to March 18, 2020. Getting back needed a 122% gain, reached on August 2, 2024, 1598 days after the low.

Price behaviour

52-week range
$36.91 – $48.22
From 52-week high
−13.5%
vs 50-day average
0.0%
vs 200-day average
−3.1%
Volatility (1 year)
18%
Beta vs S&P 500
-0.11

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±2.9%
After a week
9 up, 3 down
typical move ±3.7%
After a month
8 up, 4 down
typical move ±4.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 −0.4% −0.4% −2.9% −4.2%
April 30, 2026 +2.4% +1.3% +3.7% +0.7%
February 11, 2026 +0.7% −1.6% +1.5% +3.9%
November 4, 2025 −2.6% −0.8% +1.3% −0.6%
August 5, 2025 −3.9% +0.3% −3.3% −1.6%
May 1, 2025 +1.6% +2.2% +0.9% +1.7%
February 11, 2025 +4.3% −0.2% +7.4% +9.9%
October 31, 2024 −4.4% −1.5% −8.6% −3.4%
August 1, 2024 +3.7% −3.3% +2.6% +4.7%
May 1, 2024 +2.6% +0.6% +2.9% +3.1%
February 8, 2024 −0.7% +0.6% +1.7% +7.0%
November 1, 2023 +6.9% +3.0% +7.3% +13.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) NNN Reit, Inc.
$750M $800M $850M $900M $950M FY23 Q1 FY23 Q4 FY24 Q3 FY25 Q4 Revenue (TTM), FY23 Q1: $786.9M Revenue (TTM), FY23 Q2: $798.7M Revenue (TTM), FY23 Q3: $810.4M Revenue (TTM), FY23 Q4: $828.1M Revenue (TTM), FY24 Q1: $839.4M Revenue (TTM), FY24 Q2: $853.6M Revenue (TTM), FY24 Q3: $867M Revenue (TTM), FY24 Q4: $869.3M Revenue (TTM), FY25 Q1: $884.7M Revenue (TTM), FY25 Q2: $894.7M Revenue (TTM), FY25 Q3: $906.3M Revenue (TTM), FY25 Q4: $926.2M $926.2M

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue (TTM)
FY23 Q1 $786.9M
FY23 Q2 $798.7M
FY23 Q3 $810.4M
FY23 Q4 $828.1M
FY24 Q1 $839.4M
FY24 Q2 $853.6M
FY24 Q3 $867M
FY24 Q4 $869.3M
FY25 Q1 $884.7M
FY25 Q2 $894.7M
FY25 Q3 $906.3M
FY25 Q4 $926.2M
Revenue growth, TTM YoY NNN Reit, Inc.
4% 5% 6% 7% 8% FY23 Q1 FY23 Q4 FY24 Q3 FY25 Q4 Revenue growth, TTM YoY, FY23 Q1: 6.8% Revenue growth, TTM YoY, FY23 Q2: 6.7% Revenue growth, TTM YoY, FY23 Q3: 6.4% Revenue growth, TTM YoY, FY23 Q4: 7.1% Revenue growth, TTM YoY, FY24 Q1: 6.7% Revenue growth, TTM YoY, FY24 Q2: 6.9% Revenue growth, TTM YoY, FY24 Q3: 7.0% Revenue growth, TTM YoY, FY24 Q4: 5.0% Revenue growth, TTM YoY, FY25 Q1: 5.4% Revenue growth, TTM YoY, FY25 Q2: 4.8% Revenue growth, TTM YoY, FY25 Q3: 4.5% Revenue growth, TTM YoY, FY25 Q4: 6.6% 6.6%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q1 6.8%
FY23 Q2 6.7%
FY23 Q3 6.4%
FY23 Q4 7.1%
FY24 Q1 6.7%
FY24 Q2 6.9%
FY24 Q3 7.0%
FY24 Q4 5.0%
FY25 Q1 5.4%
FY25 Q2 4.8%
FY25 Q3 4.5%
FY25 Q4 6.6%
Operating margin (TTM) NNN Reit, Inc.
62% 64% 66% 68% FY23 Q1 FY23 Q4 FY24 Q3 FY25 Q4 Operating margin (TTM), FY23 Q1: 62.7% Operating margin (TTM), FY23 Q2: 65.3% Operating margin (TTM), FY23 Q3: 67.1% Operating margin (TTM), FY23 Q4: 67.0% Operating margin (TTM), FY24 Q1: 67.2% Operating margin (TTM), FY24 Q2: 67.7% Operating margin (TTM), FY24 Q3: 66.2% Operating margin (TTM), FY24 Q4: 66.5% Operating margin (TTM), FY25 Q1: 65.9% Operating margin (TTM), FY25 Q2: 64.9% Operating margin (TTM), FY25 Q3: 64.5% Operating margin (TTM), FY25 Q4: 63.6% 63.6%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q1 62.7%
FY23 Q2 65.3%
FY23 Q3 67.1%
FY23 Q4 67.0%
FY24 Q1 67.2%
FY24 Q2 67.7%
FY24 Q3 66.2%
FY24 Q4 66.5%
FY25 Q1 65.9%
FY25 Q2 64.9%
FY25 Q3 64.5%
FY25 Q4 63.6%
FCF margin (TTM) NNN Reit, Inc.
43% 44% 45% 46% 47% FY23 Q1 FY23 Q4 FY24 Q3 FY25 Q4 FCF margin (TTM), FY23 Q1: 46.3% FCF margin (TTM), FY23 Q2: 46.3% FCF margin (TTM), FY23 Q3: 45.4% FCF margin (TTM), FY23 Q4: 45.1% FCF margin (TTM), FY24 Q1: 45.5% FCF margin (TTM), FY24 Q2: 44.7% FCF margin (TTM), FY24 Q3: 45.3% FCF margin (TTM), FY24 Q4: 44.4% FCF margin (TTM), FY25 Q1: 44.6% FCF margin (TTM), FY25 Q2: 43.3% FCF margin (TTM), FY25 Q3: 43.6% FCF margin (TTM), FY25 Q4: 43.0% 43.0%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q1 46.3%
FY23 Q2 46.3%
FY23 Q3 45.4%
FY23 Q4 45.1%
FY24 Q1 45.5%
FY24 Q2 44.7%
FY24 Q3 45.3%
FY24 Q4 44.4%
FY25 Q1 44.6%
FY25 Q2 43.3%
FY25 Q3 43.6%
FY25 Q4 43.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 0.2 0.2 0.3 0.3 0.4 0.4 0.5 0.5 0.6 0.6 0.7 0.7 0.7 0.8 0.8 0.9 0.9
EBITDA 0.2 0.2 0.2 0.3 0.3 0.4 0.4 0.5 0.5 0.6 0.6 0.6 0.7 0.7 0.8 0.8 0.9
Operating income 0.1 0.1 0.2 0.2 0.2 0.3 0.3 0.3 0.4 0.4 0.4 0.4 0.4 0.5 0.6 0.6 0.6
Net income 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.2 0.3 0.3 0.4 0.4 0.4
Diluted EPS $0.60 $0.80 $0.96 $1.11 $1.10 $1.24 $1.20 $1.38 $1.45 $1.65 $1.56 $1.22 $1.51 $1.89 $2.16 $2.15 $2.07
Growth (year on year)
Revenue +0.8% −2.9% +16.5% +28.6% +18.3% +10.5% +11.0% +10.5% +9.6% +6.5% +7.7% −1.5% +9.9% +6.4% +7.1% +5.0% +6.6%
EBITDA −17.1% +12.1% +22.1% +28.1% +21.8% +12.6% +10.7% +14.6% +12.9% +9.4% +1.0% −5.7% +14.6% +8.0% +12.4% +4.3% +3.7%
Operating income −24.5% +16.9% +23.0% +28.0% +18.0% +11.0% +8.4% +16.5% +11.3% +13.5% −1.9% −10.1% +19.9% +7.4% +15.0% +4.1% +2.0%
Net income −53.2% +33.2% +26.5% +53.8% +12.8% +19.0% +3.8% +21.1% +10.6% +10.4% +2.3% −23.5% +26.8% +15.3% +17.2% +1.1% −1.8%
Diluted EPS −59.5% +33.3% +20.0% +15.6% −0.9% +12.7% −3.2% +15.0% +5.1% +13.8% −5.5% −21.8% +23.8% +25.2% +14.3% −0.5% −3.7%
Margins
EBITDA margin 69.4% 80.2% 84.1% 83.8% 86.3% 87.9% 87.7% 91.0% 93.7% 96.2% 90.3% 86.4% 90.1% 91.4% 95.8% 95.2% 92.6%
Operating margin 48.2% 58.1% 61.4% 61.1% 61.0% 61.2% 59.8% 63.0% 64.0% 68.2% 62.1% 56.7% 61.8% 62.4% 67.0% 66.5% 63.6%
Net margin 24.0% 32.9% 35.7% 42.7% 40.7% 43.8% 41.0% 44.9% 45.3% 47.0% 44.6% 34.6% 39.9% 43.3% 47.4% 45.7% 42.1%
Cash flow
Cash from operations 0.1 0.2 0.2 0.2 0.3 0.3 0.3 0.4 0.4 0.5 0.5 0.5 0.6 0.6 0.6 0.6 0.7
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10.7 14.2 0.0 0.0 0.0 0.0 0.0
Balance sheet
Cash 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.0 0.1 0.0 0.3 0.2 0.0 0.0 0.0 0.0
Total debt 0.0 0.4 0.4 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.1 — 0.3
Net debt (negative = net cash) 0.0 0.4 0.4 0.2 0.0 0.0 0.0 −0.3 0.0 −0.1 0.0 −0.3 −0.2 0.2 0.1 −0.0 0.3
Diluted shares 80m 83m 89m 109m 120m 125m 134m 145m 149m 156m 165m 172m 175m 177m 182m 184m 188m
Returned to shareholders
Dividends 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.4 0.4 0.4 0.4 0.4 0.4
Total returned 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.4 0.4 0.4 0.4 0.4 0.4

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

Dividends (TTM)
$443M
Returned to shareholders
111%
of free cash flow
Diluted share count
+2.1%
year over year
Total shareholder yield
5.5%
dividends 5.5% + buybacks 0.0% of market value
Dividend payout ratio
114%
of net income paid out

Competitors: side by side with peers

Closest by revenue in retail reits
Last 12 months unless stated NNN MAC ADC KRG PECO EPRT Median
Revenue, last 12 months $926m $1.0bn $810m $792m $761m $639m $588m
Revenue growth, last 12 months 6.6% 1.3% 17.7% −7.0% 7.0% 20.4% 8.2%
Revenue growth, 3-year average 6.2% 5.1% 16.7% −1.4% 8.2% 23.9% 7.8%
Revenue growth, latest quarter 7.7% −0.0% 16.7% −7.2% 5.7% 16.4% 7.7%
Operating margin 63.6% — 48.9% 14.7% 6.5% 60.6% 47.4%
Operating margin, 3-year average 65.7% — 48.4% 16.1% −3.3% 62.1% 37.4%
Net margin 42.1% −16.8% 29.8% 42.9% 23.9% 41.0% 29.8%
Cash from operations / revenue 72.0% 30.5% 70.6% 48.8% 46.6% 67.8% 48.8%
Free-cash-flow margin 43.0% −4.4% 37.1% 29.8% 11.8% 41.4% 21.9%
Free-cash-flow margin, 3-year average 44.2% −2.4% 8.8% 22.0% 11.0% 42.2% 20.5%
Stock pay / revenue — 2.2% 1.8% 1.5% 1.6% 2.3% 1.7%
Change in share count 2.1% 8.5% 10.7% −6.3% 0.8% 10.1% 2.1%

Median of all 25 companies we cover in retail reits. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Who owns it

Funds buying and selling
Reported value
$8.9B
Institutions reporting
599
Shares held vs prior quarter
▲ 6.9%
Positions opened / closed
92 / 34

Top buyers and sellers, Q2 2026: 346 institutions bought and 197 sold ; the biggest buyer was AQR Capital Management LLC (+5.9M shares) and the biggest seller FMR LLC (−7.8M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.2B 26.7M 14.0% ▲ 3.0%
Vanguard Portfolio Management LLC $781M 16.8M 8.8% ▲ 1.0%
FMR LLC $532M 11.4M 6.0% ▼ 40.5%
State Street Corp $528M 11.3M 5.9% ▲ 0.1%
AQR Capital Management LLC $455M 9.8M 5.1% ▲ 153.4%
Vanguard Capital Management LLC $398M 8.6M 4.5% ▲ 1.0%
Victory Capital Management Inc $282M 6.1M 3.2% ▼ 27.3%
Cohen & Steers, Inc. $232M 5.0M 2.6% ▲ 1929.2%
Geode Capital Management, LLC $205M 4.4M 2.3% ▲ 1.2%
Morgan Stanley $177M 3.8M 2.0% ▲ 30.3%
Federated Hermes, Inc. $146M 3.1M 1.6% ▲ 3.2%
Charles Schwab Investment Management Inc $145M 3.1M 1.6% ▲ 4.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not NNN Reit, Inc.'s complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $1.9M 3 trades by 3 insiders · 0% under pre-set plans
Net ▼ $1.9M net selling
Insider Date Trade Shares Price Value
Horn Stephen A Jr President & CEO March 9, 2026 Sell 33,192 $44.98 $1.5M
Adamo Jonathan EVP Chief Portfolio Operations March 6, 2026 Sell 6,000 $44.99 $269,940
Miller Michelle Lynn EVP,Chief Acctg & Tech Officer February 20, 2026 Sell 4,000 $44.03 $176,120

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 7 trades and filings

No trades in NNN Reit, Inc. disclosed in the last 12 months; 7 earlier trades on record.

  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded August 13, 2025, filed September 12, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded June 17, 2025, filed August 13, 2025
  • Zoe Lofgren(D-CA 18):Sale (full), $1,001 - $15,000, traded May 25, 2023, filed June 6, 2023

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • April 30, 2026
  • February 11, 2026
  • November 4, 2025
  • August 5, 2025
  • May 1, 2025

Recent SEC filings

Data status

When each part of this page on NNN Reit, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

NNN Reit, Inc. in brief

What does NNN Reit, Inc. do?
NNN Reit, Inc. is a US-listed company in the retail REITs industry. Its financial year ends in December.
What is NNN Reit, Inc.'s stock ticker?
NNN Reit, Inc. trades under the ticker NNN on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is NNN Reit, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, NNN Reit, Inc. reported revenue of $926M, 6.6% higher than a year earlier, according to its SEC filings.
What is NNN Reit, Inc.'s free cash flow?
NNN Reit, Inc.'s free-cash-flow margin is 43.0% of revenue over the trailing twelve months.
Who are NNN Reit, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and FMR LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is NNN Reit, Inc.'s market cap?
On December 31, 2025, NNN Reit, Inc.'s market capitalisation was about $7B, with a price-to-earnings ratio of 18.1 and net debt of $343M. Market figures come from third-party market data and may be delayed.
Does NNN Reit, Inc. pay a dividend?
Yes: NNN Reit, Inc. paid $443M in dividends over the trailing twelve months, a dividend yield of 5.54% and a payout ratio of 113.7%.
Who are NNN Reit, Inc.'s competitors?
In our Retail REITs peer group, the companies closest to NNN Reit, Inc. are Macerich Co, Agree Realty Corp, Kite Realty Group Trust, Phillips Edison & Company, Inc. and Essential Properties Realty Trust, Inc. The side-by-side comparison below sets their revenue, margins and growth against NNN Reit, Inc.'s.
Are insiders buying or selling NNN Reit, Inc. stock?
Over the last 12 months, NNN Reit, Inc.'s directors and officers reported 0 open-market purchases and 3 sales on Form 4. The insider trading page charts every trade.
When is NNN Reit, Inc.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — NNN Reit, Inc. announces its own schedule.