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NNN REIT/$NNN

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About NNN REIT

NNN REIT Inc is a real estate investment trust that acquires, owns, invests in, and develops high-quality properties mainly leased under long-term net leases with minimal capital expenditure requirements. The company focuses mainly on retail properties, with a portfolio including convenience stores, automotive service properties, restaurants, theatres, entertainment venues, dealerships, and other retail-related assets. Primary business objectives emphasize retail properties, and it may invest in a wide variety of property and tenant types, leases, mortgages, loans secured by personal property, loans secured by partnership or membership interests, and securities of other REITs or other issuers.
Ticker
$NNN
Primary listing
NYSE
Employees
85

NNN REIT Metrics

BasicAdvanced
$7.9B
20.27
$2.03
0.78
$2.42
6.03%

What the Analysts think about NNN REIT

Analyst ratings (Buy, Hold, Sell) for NNN REIT stock.
Analyst projections of the future price of NNN REIT stock.

Bulls say / Bears say

Second-quarter AFFO rose 5.9% year on year to $0.90 per share, and NNN lifted its 2026 AFFO guidance to $3.55–$3.59. It also raised its acquisition target, supporting further growth. (NNN REIT)
Occupancy reached 99.1% in the second quarter, up 110 basis points from a year earlier. High occupancy supports rent income and limits the cost of empty properties. (NNN REIT)
NNN raised its quarterly dividend by 3.3%, its 37th consecutive annual increase. The dividend payout was 67% of AFFO at the end of June, leaving a cushion against cash-flow fluctuations. (PR Newswire)
Net debt stood at 5.7 times annualised EBITDAre, while fixed-charge coverage was 4.1 times. This leverage could limit flexibility if borrowing or refinancing costs rise. (PR Newswire)
Acquisition-led growth depends on keeping property yields above NNN’s funding costs. One recent analysis puts that spread at about 60 basis points and warns that lower acquisition yields could narrow it, weakening the returns from new deals. (Dividend Line)
Only 13.4% of rent comes from investment-grade tenants, leaving much of the income exposed to tenants with weaker credit profiles. A tenant failure can stop rent and leave a single-tenant property vacant while NNN seeks a replacement. (Dividend Line)
Data summarised monthly by Lightyear AI. Last updated on 13 Oct 2026.

NNN REIT Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

NNN REIT Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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