NNN REIT, INC.

NNN

NNN REIT, INC.

NNN

Insider Sentiment (TTM):

Last Purchase:-Last Sale:2026-03-09Shares Purchased (TTM):0Shares Sold (TTM):43,192

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:172,785,568Shares Outstanding:187,611,451Institutional Ownership Pct.:92.10%

Earnings Market Reaction:

Filing Date:2026-08-05Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Real Estate Investment Property Net	9,464	9,240	9,205	9,023	8,898	8,746	8,625	8,587	8,587	8,536	8,346
Cash And Cash Equivalents At Carrying Value	4	5	158	6	5	9	174	2	1	1	77
Accounts And Notes Receivable Net	3	3	2	2	4	3	2	3	4	4	2
Deferred Rent Receivables Net	37	35	34	34	34	34	34	34	34	35	29
Deferred Finance Costs Net	-	9	-	-	-	9	-	-	-	-	-
Debt Issuance Costs Line Of Credit Arrangements Ne…	5	-	7	8	8	9	10	10	3	3	4
Other Assets	94	87	74	75	72	72	74	77	77	79	82
Assets	9,607	9,379	9,480	9,149	9,022	8,873	8,924	8,727	8,706	8,662	8,561
Liabilities And Stockhold…
Liabilities
Lines Of Credit Current	29	348	-	268	116	0	0	12	116	132	0
Notes Payable	4,476	4,472	4,870	4,377	4,375	4,374	4,372	4,371	4,230	4,229	4,227
Secured Debt	-	-	-	-	-	-	-	-	-	0	0
Interest Payable Current And Noncurrent	38	41	80	31	75	30	75	31	75	34	61
Other Liabilities	107	110	109	111	99	107	107	119	109	110	115
Liabilities	5,146	4,971	5,060	4,786	4,665	4,510	4,555	4,532	4,531	4,505	4,403
Stockholders Equity Inclu…
Common Stock Value	2	2	2	2	2	2	2	2	2	2	2
Additional Paid In Capital	5,377	5,295	5,291	5,217	5,204	5,198	5,194	5,013	4,997	4,972	4,967
Retained Earnings Accumulated Deficit	-918	-883	-865	-849	-841	-829	-819	-811	-814	-806	-800
Accumulated Other Comprehensive Income Loss Net Of…	-1	-6	-7	-7	-8	-8	-8	-9	-9	-10	-11
Stockholders Equity	4,461	4,408	4,420	4,362	4,356	4,362	4,369	4,195	4,175	4,157	4,158
Liabilities And Stockholders Equity	9,607	9,379	9,480	9,149	9,022	8,873	8,924	8,727	8,706	8,662	8,561
Allowance For Doubtful Accounts Premiums And Other…	1	1	1	1	1	1	1	1	1	1	1
Accumulated Amortization Of Debt Issuance Costs Li…	31	30	29	28	28	27	26	26	25	24	23
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock Shares Authorized	375	375	375	375	375	375	375	375	375	375	375
Preferred Stock Par Or Stated Value Per Share	-	-	-	-	-	-	-	-	-	0.01	-
Common Stock Shares Issued	192	190	190	188	188	188	188	184	183	182	182
Preferred Stock Shares Authorized	-	-	-	-	-	-	-	-	-	15	-
Shares Outstanding	192	190	190	188	188	188	188	184	183	182	182
Preferred Stock Shares Issued	-	-	-	-	-	-	-	-	-	0	-
Preferred Stock Shares Outstanding	-	-	-	-	-	-	-	-	-	0	-

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-	-	-	-	-	-	-	-	-	-	-	-
2025	-0.24%	3.08%	3.69%	2.22%	0.93%	0.40%	3.84%	-0.78%	6.13%	4.74%	-0.72%	3.45%
2024	1.50%	3.76%	13.32%	1.39%	3.94%	6.55%	0.51%	-7.11%	-7.76%	6.49%	0.80%	5.23%
2023	-	-	-	-	-	-	4.24%	12.36%	11.51%	3.39%	7.20%	2.23%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Leverage & Debt
Interest Coverage TTM	2.85	2.89	2.96	3.05	3.11	3.14	3.18	3.29	3.34	3.39	3.44
Per Share Metrics
Diluted EPS TTM	2.06	2.07	2.08	2.10	2.13	2.16	2.14	2.21	2.18	2.16	2.13
Free Cash Flow Per Share TTM	4.19	3.56	3.51	3.46	3.47	3.46	3.47	3.42	3.42	3.38	3.33
Dividend Per Share TTM	2.97	2.36	2.33	2.31	2.28	2.29	2.25	2.25	2.24	2.23	2.20
Margin Metrics
Gross Profit Margin TTM	77.68%	77.98%	78.23%	78.72%	78.79%	78.83%	79.18%	79.43%	79.86%	80.21%	80.48%
Operating Profit Margin TTM	63.54%	63.64%	64.51%	64.93%	65.94%	66.48%	66.18%	67.71%	67.24%	67.03%	67.09%
Net Profit Margin TTM	41.64%	42.08%	43.22%	43.90%	45.09%	45.65%	45.63%	47.39%	47.24%	47.38%	47.67%
Growth Metrics
Net Revenue Growth (1Y)	6.21%	6.55%	4.53%	4.82%	5.40%	4.97%	6.99%	6.87%	6.68%	7.12%	6.38%
Net Income Growth (1Y)	-1.92%	-1.78%	-0.99%	-2.90%	0.60%	1.15%	2.41%	9.94%	15.47%	17.25%	20.15%
EPS Growth (1Y)	-3.08%	-3.83%	-3.01%	-5.20%	-2.13%	-0.22%	0.96%	9.12%	14.87%	14.15%	17.17%
Valuation Metrics
P/E TTM	22.20	18.30	19.30	19.15	18.36	17.12	20.16	16.96	17.06	17.09	14.02
P/B TTM	1.95	1.62	1.71	1.72	1.68	1.56	1.83	1.64	1.62	1.61	1.30
P/S TTM	9.24	7.70	8.34	8.41	8.28	7.82	9.20	8.04	8.06	8.10	6.68
Market Cap	8.68B	7.13B	7.56B	7.52B	7.32B	6.79B	7.98B	6.86B	6.76B	6.71B	5.42B
Enterprise Value	13.18B	11.95B	12.27B	12.16B	11.81B	11.16B	12.17B	11.23B	11.11B	11.06B	9.55B
Calculated Values
Free Cash Flow TTM	792.43M	667.13M	658.64M	647.01M	648.07M	635.50M	639.42M	624.31M	622.30M	612.41M	603.90M
Net Debt	4.50B	4.81B	4.71B	4.64B	4.49B	4.36B	4.19B	4.37B	4.35B	4.36B	4.13B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-03-09Sale

Owner: Horn, Stephen A Jr

Title: President & CEO

Shares: 33,192

Price/Share: $44.98

Value: $1,492,976.16

Shares Owned: 822,711

Relationship: Officer

Ownership: Direct

2026-03-06Sale

Owner: Adamo, Jonathan

Title: EVP Chief Portfolio Operations

Shares: 6,000

Price/Share: $44.99

Value: $269,940.00

Shares Owned: 126,358

Relationship: Officer

Ownership: Direct

2026-02-20Sale

Owner: Miller, Michelle Lynn

Title: EVP,Chief Acctg & Tech Officer

Shares: 4,000

Price/Share: $44.03

Value: $176,120.00

Shares Owned: 93,817

Relationship: Officer

Ownership: Direct

2025-08-21Sale

Owner: Miller, Michelle Lynn

Title: EVP,Chief Acctg & Tech Officer

Shares: 10,000

Price/Share: $42.20

Value: $422,000.00

Shares Owned: 81,750

Relationship: Officer

Ownership: Direct

2025-06-11Sale

Owner: Adamo, Jonathan

Title: EVP, Portfolio Operations

Shares: 4,800

Price/Share: $42.47

Value: $203,856.00

Shares Owned: 95,466

Relationship: Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-03-09	Horn, Stephen A Jr	Officer	President & CEO	Direct	Sale	33,192	44.98	$1,492,976.16	822,711	4
2026-03-06	Adamo, Jonathan	Officer	EVP Chief Portfolio Operations	Direct	Sale	6,000	44.99	$269,940.00	126,358	4
2026-02-20	Miller, Michelle Lynn	Officer	EVP,Chief Acctg & Tech Officer	Direct	Sale	4,000	44.03	$176,120.00	93,817	4
2025-08-21	Miller, Michelle Lynn	Officer	EVP,Chief Acctg & Tech Officer	Direct	Sale	10,000	42.20	$422,000.00	81,750	4
2025-06-11	Adamo, Jonathan	Officer	EVP, Portfolio Operations	Direct	Sale	4,800	42.47	$203,856.00	95,466	4
2025-03-17	Horn, Stephen A Jr	Officer	President & CEO	Direct	Sale	55,356	42.46	$2,350,415.76	712,108	4
2024-12-10	Miller, Michelle Lynn	Officer	EVP,Chief Acctg & Tech Officer	Direct	Sale	1,000	42.51	$42,510.00	68,756	4
2024-08-26	Adamo, Jonathan	Officer	EVP, Portfolio Operations	Direct	Sale	5,000	47.10	$235,500.00	71,251	4
2024-08-23	Horn, Stephen A Jr	Officer	President & CEO	Direct	Sale	28,192	46.62	$1,314,311.04	557,451	4
2024-08-20	Habicht, Kevin B	Officer	EVP, Chief Financial Officer	Direct	Sale	24,222	45.93	$1,112,516.46	301,827	4
2024-08-06	Miller, Michelle Lynn	Officer	EVP,Chief Acctg & Tech Officer	Direct	Sale	4,000	46.88	$187,520.00	69,756	4
2023-12-13	Tessitore, Christopher Pa…	Officer	EVP	Direct	Sale	38,056	41.68	$1,586,174.08	140,539	4
2023-11-27	Adamo, Jonathan	Officer	EVP, Portfolio Operations	Direct	Sale	4,000	39.85	$159,400.00	56,450	4
2023-11-07	Miller, Michelle Lynn	Officer	EVP, Chief Accounting Officer	Direct	Sale	1,250	38.27	$47,837.50	56,868	4
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Institutional Ownership

No data available for chart

2026-03-31

92.10%

Inst. Shares: 172,785,568

Shares Outstanding: 187,611,451

2025-12-31

91.62%

Inst. Shares: 171,898,899

Shares Outstanding: 187,611,451

2025-09-30

88.54%

Inst. Shares: 166,307,335

Shares Outstanding: 187,838,711

2025-06-30

87.91%

Inst. Shares: 164,282,004

Shares Outstanding: 186,876,693

2025-03-31

86.80%

Inst. Shares: 162,193,502

Shares Outstanding: 186,855,097

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	172,785,568	187,611,451	92.10%
2025-12-31	171,898,899	187,611,451	91.62%
2025-09-30	166,307,335	187,838,711	88.54%
2025-06-30	164,282,004	186,876,693	87.91%
2025-03-31	162,193,502	186,855,097	86.80%
2024-12-31	166,346,967	183,688,562	90.56%
2024-09-30	161,150,087	184,007,176	87.58%
2024-06-30	160,606,142	182,438,791	88.03%
2024-03-31	156,016,051	181,794,208	85.82%
2023-12-31	157,645,716	181,200,040	87.00%
2023-09-30	153,253,702	181,398,273	84.48%
2023-06-30	151,629,005	181,092,031	83.73%
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NNN REIT, INC. (NNN) — SEC Financial Statements & Analysis

NNN REIT, INC. (NNN) is a real estate investment trusts company, incorporated in MD. NNN REIT, INC. trades on NYSE as: NNN. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), NNN REIT, INC. reported a 6.21% year-over-year revenue growth, a Gross Profit Margin of 77.68% (TTM), a Price-to-Sales (P/S) ratio of 9.24x (TTM), a Price-to-Book (P/B) ratio of 1.95x (TTM), at a market cap of $8.68B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 6.21%
Gross Profit Margin TTM: 77.68%
P/S TTM: 9.24x
P/B TTM: 1.95x
Market Cap: $8.68B

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is NNN REIT, INC. in?

NNN REIT, INC. (NNN) operates in the Real Estate Investment Trusts industry.

What is NNN's market cap?

NNN REIT, INC. (NNN) has a market capitalization of $8.68B as of 2026-06-30.

What is NNN's P/E ratio?

NNN REIT, INC. (NNN)'s trailing twelve month P/E ratio is 22.20x as of 2026-06-30.

What exchange does NNN trade on?

NNN REIT, INC. (NNN) trades on the NYSE.

Where is NNN REIT, INC. incorporated?

NNN REIT, INC. is incorporated in MD.

NNN REIT, INC.

Financial Statements

Custom Table

Interactive Financial Visualizations

Earnings Market Reaction

Performance and Valuation Metrics

Insider Transactions

Institutional Ownership

NNN REIT, INC. (NNN) — SEC Financial Statements & Analysis

Frequently Asked Questions

Companies in Real Estate Investment Trusts

Wall Street's data.
Main Street's price.

NNN REIT, INC. (NNN) — SEC Financial Statements & Analysis

Frequently Asked Questions

Companies in Real Estate Investment Trusts

Wall Street's data.Main Street's price.

Wall Street's data.
Main Street's price.