NNN REIT, INC.
NNNNYSE
$49.59
↑ +0.8%Jul 17 close · end-of-day
Price
1Y↑ +21.7%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$9.3B
Enterprise Value
$9.3B
P/E
24.0
P/S
10.1
P/B
2.1
EV/EBITDA
10.9
PEG
7.8
FCF Yield
—
Dividend Yield
4.8%
Revenue (TTM)
$926.2M
Net Income (TTM)
$389.8M
Free Cash Flow (TTM)
—
Gross Margin
—
Operating Margin
63.6%
Net Margin
42.1%
ROE
8.8%
ROIC
10.6%
Debt / Equity
—
Net Cash
$5.0M
Return 1Y
+22.9%
Company profile
National Retail Properties invests in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2020, the company owned 3,114 properties in 48 states.
- CEO
- Stephen A. Horn
- Sector
- Finance, Insurance, And Real Estate
- Industry
- Trading
- Employees
- 80
- Headquarters
- Florida
- Website
- nnnreit.com
Management & directors
- Horn Stephen A JrPresident & CEO
- Adamo JonathanEVP Chief Portfolio Operations
- Miller Michelle LynnEVP,Chief Acctg & Tech Officer
- Chao Vincent H.EVP, Chief Financial Officer
- Lewis Joshua PhillipEVP, CIO
- Steffens Gina M.EVP, General Counsel
Roles derived from SEC Form 4 filings.
Earnings
NNN Q4 2025 Earnings
Period ends 2025-12-31
MetricActualYoY
Revenue$238.4M↑ +9.1%
Diluted EPS$0.51↓ -1.9%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $660.7M | $726.4M | $773.1M | $828.1M | $869.3M | $926.2M |
| Gross profit | — | — | — | — | — | — |
| Operating income | $374.5M | $449.1M | $482.5M | $555.1M | $577.9M | $589.5M |
| Net income | $228.8M | $290.1M | $334.6M | $392.3M | $396.8M | $389.8M |
| Diluted EPS | $1.22 | $1.51 | $1.89 | $2.16 | $2.15 | $2.07 |
| Operating cash flow | $450.2M | $568.4M | $578.4M | $612.4M | $635.5M | $667.1M |
| Free cash flow | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — |
| Operating margin | 56.7% | 61.8% | 62.4% | 67.0% | 66.5% | 63.6% |
| Net margin | 34.6% | 39.9% | 43.3% | 47.4% | 45.7% | 42.1% |
| Line item | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $215.4M | $216.8M | $218.6M | $218.5M | $230.9M | $226.8M | $230.2M | $238.4M |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | $138.3M | $152.3M | $143.6M | $143.7M | $143.9M | $149.8M | $147.3M | $148.6M |
| Net income | $94.4M | $106.7M | $97.9M | $97.9M | $96.5M | $100.5M | $96.8M | $96.0M |
| Diluted EPS | $0.52 | $0.58 | $0.53 | $0.52 | $0.51 | $0.54 | $0.51 | $0.51 |
| Operating cash flow | $190.7M | $120.5M | $206.6M | $117.7M | $203.3M | $119.4M | $218.3M | $126.2M |
| Free cash flow | — | — | — | — | — | — | — | — |
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 64.2% | 70.2% | 65.7% | 65.8% | 62.3% | 66.0% | 64.0% | 62.3% |
| Net margin | 43.8% | 49.2% | 44.8% | 44.8% | 41.8% | 44.3% | 42.1% | 40.2% |
Company news
Jul 17, 2026
Jul 15, 2026
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-04-30 | FICK DAVID M | Award | 1,787 | $43.52 | $77,770.24 | filing |
| 2026-04-30 | Witherspoon Kamau Omari | Award | 1,391 | $43.52 | $60,536.32 | filing |
| 2026-04-30 | HOLDEN BETSY D | Award | 1,243 | $43.52 | $54,095.36 | filing |
| 2026-04-30 | Gulacsy Elizabeth | Award | 1,049 | $43.52 | $45,652.48 | filing |
| 2026-04-30 | FRITSCH EDWARD J | Award | 833 | $43.52 | $36,252.16 | filing |
| 2026-04-30 | Beall Pamela K.M. | Award | 833 | $43.52 | $36,252.16 | filing |
| 2026-03-09 | Horn Stephen A JR· President & CEO | Sale | 33,192 | $44.98 | $1.5M | filing |
| 2026-03-06 | Adamo Jonathan· EVP Chief Portfolio Operations | Sale | 6,000 | $44.99 | $269,940.00 | filing |
| 2026-02-20 | Miller Michelle Lynn· EVP,Chief Acctg & Tech Officer | Sale | 4,000 | $44.03 | $176,120.00 | filing |
| 2026-02-17 | Horn Stephen A JR· President & CEO | Award | 176,413 | $44.34 | $7.8M | filing |
| 2026-02-17 | Chao Vincent H.· EVP, Chief Financial Officer | Award | 44,920 | $44.34 | $2.0M | filing |
| 2026-02-17 | Horn Stephen A JR· President & CEO | Award | 37,803 | $44.34 | $1.7M | filing |
| 2026-02-17 | Adamo Jonathan· EVP Chief Portfolio Operations | Award | 30,382 | $44.34 | $1.3M | filing |
| 2026-02-17 | Steffens Gina M.· EVP, General Counsel | Award | 24,828 | $44.34 | $1.1M | filing |
| 2026-02-17 | Lewis Joshua Phillip· EVP, CIO | Award | 21,692 | $44.34 | $961,823.28 | filing |
| 2026-02-17 | Miller Michelle Lynn· EVP,Chief Acctg & Tech Officer | Award | 18,981 | $44.34 | $841,617.54 | filing |
| 2026-02-17 | Chao Vincent H.· EVP, Chief Financial Officer | Award | 9,626 | $44.34 | $426,816.84 | filing |
| 2026-02-17 | Adamo Jonathan· EVP Chief Portfolio Operations | Award | 6,510 | $44.34 | $288,653.40 | filing |
| 2026-02-17 | Steffens Gina M.· EVP, General Counsel | Award | 5,320 | $44.34 | $235,888.80 | filing |
| 2026-02-17 | Lewis Joshua Phillip· EVP, CIO | Award | 4,648 | $44.34 | $206,092.32 | filing |
| 2026-02-17 | Miller Michelle Lynn· EVP,Chief Acctg & Tech Officer | Award | 4,067 | $44.34 | $180,330.78 | filing |
| 2026-02-17 | Horn Stephen A JR· President & CEO | D | 70,421 | $0.00 | $0.00 | filing |
| 2026-02-17 | Miller Michelle Lynn· EVP,Chief Acctg & Tech Officer | D | 6,981 | $0.00 | $0.00 | filing |
| 2026-01-30 | FICK DAVID M | Award | 1,833 | $41.82 | $76,656.06 | filing |
| 2026-01-30 | COSLER STEVEN D | Award | 1,568 | $41.82 | $65,573.76 | filing |
Showing the latest 25 transactions — full history in the linked SEC filings.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.