NNN REIT INC (NNN) Fundamental Analysis & Valuation

NYSE:NNN • US6374171063

Current stock price

43.77 USD
-0.32 (-0.73%)
At close:
43.77 USD
0 (0%)
After Hours:

This NNN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. NNN Profitability Analysis

1.1 Basic Checks

  • In the past year NNN was profitable.
  • In the past year NNN had a positive cash flow from operations.
  • NNN had positive earnings in each of the past 5 years.
  • In the past 5 years NNN always reported a positive cash flow from operatings.
NNN Yearly Net Income VS EBIT VS OCF VS FCFNNN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M 600M

1.2 Ratios

  • NNN's Return On Assets of 4.15% is amongst the best of the industry. NNN outperforms 85.37% of its industry peers.
  • NNN has a Return On Equity of 8.83%. This is amongst the best in the industry. NNN outperforms 83.74% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 4.85%, NNN belongs to the top of the industry, outperforming 91.06% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for NNN is in line with the industry average of 3.13%.
  • The 3 year average ROIC (4.81%) for NNN is below the current ROIC(4.85%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.15%
ROE 8.83%
ROIC 4.85%
ROA(3y)4.38%
ROA(5y)4.13%
ROE(3y)9.11%
ROE(5y)8.44%
ROIC(3y)4.81%
ROIC(5y)4.74%
NNN Yearly ROA, ROE, ROICNNN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8

1.3 Margins

  • NNN has a better Profit Margin (42.00%) than 93.50% of its industry peers.
  • NNN's Profit Margin has improved in the last couple of years.
  • NNN has a better Operating Margin (61.92%) than 97.56% of its industry peers.
  • NNN's Operating Margin has been stable in the last couple of years.
  • NNN has a better Gross Margin (95.96%) than 95.94% of its industry peers.
  • In the last couple of years the Gross Margin of NNN has remained more or less at the same level.
Industry RankSector Rank
OM 61.92%
PM (TTM) 42%
GM 95.96%
OM growth 3Y-0.18%
OM growth 5Y0.58%
PM growth 3Y-0.94%
PM growth 5Y5.71%
GM growth 3Y-0.22%
GM growth 5Y0.05%
NNN Yearly Profit, Operating, Gross MarginsNNN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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1

2. NNN Health Analysis

2.1 Basic Checks

  • NNN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for NNN has been increased compared to 1 year ago.
  • NNN has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for NNN is higher compared to a year ago.
NNN Yearly Shares OutstandingNNN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
NNN Yearly Total Debt VS Total AssetsNNN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • NNN has an Altman-Z score of 1.18. This is a bad value and indicates that NNN is not financially healthy and even has some risk of bankruptcy.
  • NNN's Altman-Z score of 1.18 is amongst the best of the industry. NNN outperforms 81.30% of its industry peers.
  • NNN has a Debt/Equity ratio of 1.09. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of NNN (1.09) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1.09
Debt/FCF N/A
Altman-Z 1.18
ROIC/WACC0.7
WACC6.9%
NNN Yearly LT Debt VS Equity VS FCFNNN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B

2.3 Liquidity

  • NNN has a Current Ratio of 0.21. This is a bad value and indicates that NNN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of NNN (0.21) is worse than 90.24% of its industry peers.
  • NNN has a Quick Ratio of 0.21. This is a bad value and indicates that NNN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • NNN's Quick ratio of 0.21 is on the low side compared to the rest of the industry. NNN is outperformed by 86.99% of its industry peers.
Industry RankSector Rank
Current Ratio 0.21
Quick Ratio 0.21
NNN Yearly Current Assets VS Current LiabilitesNNN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. NNN Growth Analysis

3.1 Past

  • NNN shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.72%.
  • Measured over the past years, NNN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.25% on average per year.
  • The Revenue for NNN has decreased by -14.61% in the past year. This is quite bad
  • NNN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.99% yearly.
EPS 1Y (TTM)-3.72%
EPS 3Y3.26%
EPS 5Y9.25%
EPS Q2Q%-1.92%
Revenue 1Y (TTM)-14.61%
Revenue growth 3Y6.21%
Revenue growth 5Y6.99%
Sales Q2Q%9.12%

3.2 Future

  • NNN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.51% yearly.
  • Based on estimates for the next years, NNN will show a small growth in Revenue. The Revenue will grow by 4.67% on average per year.
EPS Next Y0.61%
EPS Next 2Y7.71%
EPS Next 3Y2.51%
EPS Next 5YN/A
Revenue Next Year5.92%
Revenue Next 2Y5.48%
Revenue Next 3Y4.99%
Revenue Next 5Y4.67%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
NNN Yearly Revenue VS EstimatesNNN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 200M 400M 600M 800M 1B
NNN Yearly EPS VS EstimatesNNN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5 2

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4

4. NNN Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 21.14 indicates a rather expensive valuation of NNN.
  • Based on the Price/Earnings ratio, NNN is valued cheaply inside the industry as 84.55% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 26.86. NNN is valued slightly cheaper when compared to this.
  • The Price/Forward Earnings ratio is 21.02, which indicates a rather expensive current valuation of NNN.
  • Based on the Price/Forward Earnings ratio, NNN is valued cheaper than 92.68% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 37.39. NNN is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 21.14
Fwd PE 21.02
NNN Price Earnings VS Forward Price EarningsNNN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NNN is on the same level as its industry peers.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 15.68
NNN Per share dataNNN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • NNN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)34.68
PEG (5Y)2.29
EPS Next 2Y7.71%
EPS Next 3Y2.51%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. NNN Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.45%, NNN is a good candidate for dividend investing.
  • NNN's Dividend Yield is comparable with the industry average which is at 7.71.
  • NNN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 5.45%

5.2 History

  • The dividend of NNN has a limited annual growth rate of 1.70%.
  • NNN has paid a dividend for at least 10 years, which is a reliable track record.
  • NNN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.7%
Div Incr Years34
Div Non Decr Years34
NNN Yearly Dividends per shareNNN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • NNN pays out 113.92% of its income as dividend. This is not a sustainable payout ratio.
  • NNN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP113.92%
EPS Next 2Y7.71%
EPS Next 3Y2.51%
NNN Yearly Income VS Free CF VS DividendNNN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M
NNN Dividend Payout.NNN Dividend Payout, showing the Payout Ratio.NNN Dividend Payout.PayoutRetained Earnings

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NNN Fundamentals: All Metrics, Ratios and Statistics

NNN REIT INC

NYSE:NNN (4/13/2026, 4:05:04 PM)

After market: 43.77 0 (0%)

43.77

-0.32 (-0.73%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-11
Earnings (Next)04-30
Inst Owners94.16%
Inst Owner Change0.02%
Ins Owners0.82%
Ins Owner Change7.72%
Market Cap8.33B
Revenue(TTM)926.21M
Net Income(TTM)389.04M
Analysts65.45
Price Target46.23 (5.62%)
Short Float %3.51%
Short Ratio4.42
Dividend
Industry RankSector Rank
Dividend Yield 5.45%
Yearly Dividend2.35
Dividend Growth(5Y)1.7%
DP113.92%
Div Incr Years34
Div Non Decr Years34
Ex-Date01-30
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.48%
Min EPS beat(2)3.4%
Max EPS beat(2)5.57%
EPS beat(4)4
Avg EPS beat(4)6.1%
Min EPS beat(4)3.4%
Max EPS beat(4)9.95%
EPS beat(8)8
Avg EPS beat(8)7.53%
EPS beat(12)12
Avg EPS beat(12)9.22%
EPS beat(16)15
Avg EPS beat(16)7.49%
Revenue beat(2)2
Avg Revenue beat(2)1.2%
Min Revenue beat(2)0.44%
Max Revenue beat(2)1.96%
Revenue beat(4)4
Avg Revenue beat(4)1.8%
Min Revenue beat(4)0.44%
Max Revenue beat(4)4.22%
Revenue beat(8)7
Avg Revenue beat(8)1.12%
Revenue beat(12)9
Avg Revenue beat(12)1.02%
Revenue beat(16)11
Avg Revenue beat(16)0.84%
PT rev (1m)0.32%
PT rev (3m)2.42%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.08%
EPS NY rev (1m)0.26%
EPS NY rev (3m)2.59%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)1.09%
Revenue NY rev (1m)-0.23%
Revenue NY rev (3m)1.09%
Valuation
Industry RankSector Rank
PE 21.14
Fwd PE 21.02
P/S 8.99
P/FCF N/A
P/OCF 12.48
P/B 1.89
P/tB 1.91
EV/EBITDA 15.68
EPS(TTM)2.07
EY4.73%
EPS(NY)2.08
Fwd EY4.76%
FCF(TTM)-1.42
FCFYN/A
OCF(TTM)3.51
OCFY8.01%
SpS4.87
BVpS23.17
TBVpS22.97
PEG (NY)34.68
PEG (5Y)2.29
Graham Number32.85
Profitability
Industry RankSector Rank
ROA 4.15%
ROE 8.83%
ROCE 6.14%
ROIC 4.85%
ROICexc 4.85%
ROICexgc 4.92%
OM 61.92%
PM (TTM) 42%
GM 95.96%
FCFM N/A
ROA(3y)4.38%
ROA(5y)4.13%
ROE(3y)9.11%
ROE(5y)8.44%
ROIC(3y)4.81%
ROIC(5y)4.74%
ROICexc(3y)4.82%
ROICexc(5y)4.76%
ROICexgc(3y)4.88%
ROICexgc(5y)4.83%
ROCE(3y)6.09%
ROCE(5y)6%
ROICexgc growth 3Y1.19%
ROICexgc growth 5Y2.44%
ROICexc growth 3Y1.2%
ROICexc growth 5Y2.57%
OM growth 3Y-0.18%
OM growth 5Y0.58%
PM growth 3Y-0.94%
PM growth 5Y5.71%
GM growth 3Y-0.22%
GM growth 5Y0.05%
F-Score3
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 1.09
Debt/FCF N/A
Debt/EBITDA 5.73
Cap/Depr 349.08%
Cap/Sales 101.17%
Interest Coverage 3.12
Cash Conversion 79.24%
Profit Quality N/A
Current Ratio 0.21
Quick Ratio 0.21
Altman-Z 1.18
F-Score3
WACC6.9%
ROIC/WACC0.7
Cap/Depr(3y)304.01%
Cap/Depr(5y)311.66%
Cap/Sales(3y)87.72%
Cap/Sales(5y)89.67%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.72%
EPS 3Y3.26%
EPS 5Y9.25%
EPS Q2Q%-1.92%
EPS Next Y0.61%
EPS Next 2Y7.71%
EPS Next 3Y2.51%
EPS Next 5YN/A
Revenue 1Y (TTM)-14.61%
Revenue growth 3Y6.21%
Revenue growth 5Y6.99%
Sales Q2Q%9.12%
Revenue Next Year5.92%
Revenue Next 2Y5.48%
Revenue Next 3Y4.99%
Revenue Next 5Y4.67%
EBIT growth 1Y-15.42%
EBIT growth 3Y6.01%
EBIT growth 5Y7.61%
EBIT Next Year52.37%
EBIT Next 3Y18.86%
EBIT Next 5YN/A
FCF growth 1Y-531.02%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y4.98%
OCF growth 3Y4.87%
OCF growth 5Y8.18%

NNN REIT INC / NNN Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for NNN REIT INC?

ChartMill assigns a fundamental rating of 5 / 10 to NNN.


What is the valuation status of NNN REIT INC (NNN) stock?

ChartMill assigns a valuation rating of 4 / 10 to NNN REIT INC (NNN). This can be considered as Fairly Valued.


How profitable is NNN REIT INC (NNN) stock?

NNN REIT INC (NNN) has a profitability rating of 9 / 10.


What are the PE and PB ratios of NNN REIT INC (NNN) stock?

The Price/Earnings (PE) ratio for NNN REIT INC (NNN) is 21.14 and the Price/Book (PB) ratio is 1.89.


Is the dividend of NNN REIT INC sustainable?

The dividend rating of NNN REIT INC (NNN) is 7 / 10 and the dividend payout ratio is 113.92%.