NNN REIT INC (NNN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:NNN - US6374171063 - REIT
41.67 USD
+0.05 (+0.12%)
Taking everything into account, NNN scores 5 out of 10 in our fundamental rating. NNN was compared to 126 industry peers in the Diversified REITs industry. NNN scores excellent on profitability, but there are some minor concerns on its financial health. NNN has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
- In the past year NNN was profitable.
- NNN had a positive operating cash flow in the past year.
- In the past 5 years NNN has always been profitable.
- In the past 5 years NNN always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 4.12%, NNN belongs to the top of the industry, outperforming 84.92% of the companies in the same industry.
- NNN's Return On Equity of 8.85% is amongst the best of the industry. NNN outperforms 81.75% of its industry peers.
- NNN's Return On Invested Capital of 4.71% is amongst the best of the industry. NNN outperforms 92.06% of its industry peers.
- NNN had an Average Return On Invested Capital over the past 3 years of 4.76%. This is in line with the industry average of 3.06%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.12% | ||
| ROE | 8.85% | ||
| ROIC | 4.71% |
ROA(3y)4.36%
ROA(5y)3.85%
ROE(3y)8.87%
ROE(5y)7.65%
ROIC(3y)4.76%
ROIC(5y)4.6%
1.3 Margins
- NNN has a Profit Margin of 43.14%. This is amongst the best in the industry. NNN outperforms 93.65% of its industry peers.
- NNN's Profit Margin has improved in the last couple of years.
- Looking at the Operating Margin, with a value of 61.80%, NNN belongs to the top of the industry, outperforming 97.62% of the companies in the same industry.
- NNN's Operating Margin has been stable in the last couple of years.
- NNN has a Gross Margin of 95.75%. This is amongst the best in the industry. NNN outperforms 96.83% 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 61.8% | ||
| PM (TTM) | 43.14% | ||
| GM | 95.75% |
OM growth 3Y0.41%
OM growth 5Y0.12%
PM growth 3Y7.9%
PM growth 5Y3.47%
GM growth 3Y0.07%
GM growth 5Y0.09%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NNN is destroying value.
- The number of shares outstanding for NNN has been increased compared to 1 year ago.
- The number of shares outstanding for NNN has been increased compared to 5 years ago.
- NNN has a better debt/assets ratio than last year.
2.2 Solvency
- NNN has an Altman-Z score of 1.11. This is a bad value and indicates that NNN is not financially healthy and even has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 1.11, NNN belongs to the top of the industry, outperforming 82.54% of the companies in the same industry.
- NNN has a Debt/Equity ratio of 1.10. This is a high value indicating a heavy dependency on external financing.
- With a Debt to Equity ratio value of 1.10, NNN perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.1 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.11 |
ROIC/WACC0.69
WACC6.87%
2.3 Liquidity
- A Current Ratio of 2.00 indicates that NNN has no problem at all paying its short term obligations.
- With an excellent Current ratio value of 2.00, NNN belongs to the best of the industry, outperforming 82.54% of the companies in the same industry.
- NNN has a Quick Ratio of 2.00. This indicates that NNN is financially healthy and has no problem in meeting its short term obligations.
- NNN's Quick ratio of 2.00 is amongst the best of the industry. NNN outperforms 82.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2 | ||
| Quick Ratio | 2 |
3. Growth
3.1 Past
- The earnings per share for NNN have decreased by -3.70% in the last year.
- NNN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.63% yearly.
- The Revenue for NNN has decreased by -16.27% in the past year. This is quite bad
- The Revenue has been growing slightly by 5.33% on average over the past years.
EPS 1Y (TTM)-3.7%
EPS 3Y12.5%
EPS 5Y6.63%
EPS Q2Q%-3.77%
Revenue 1Y (TTM)-16.27%
Revenue growth 3Y6.17%
Revenue growth 5Y5.33%
Sales Q2Q%5.31%
3.2 Future
- Based on estimates for the next years, NNN will show a decrease in Earnings Per Share. The EPS will decrease by -0.26% on average per year.
- The Revenue is expected to grow by 5.76% on average over the next years.
EPS Next Y-5.34%
EPS Next 2Y-2.83%
EPS Next 3Y-0.26%
EPS Next 5YN/A
Revenue Next Year5.88%
Revenue Next 2Y5.35%
Revenue Next 3Y5.18%
Revenue Next 5Y5.76%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 20.03, NNN is valued on the expensive side.
- Based on the Price/Earnings ratio, NNN is valued cheaply inside the industry as 81.75% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 27.30, NNN is valued a bit cheaper.
- The Price/Forward Earnings ratio is 20.53, which indicates a rather expensive current valuation of NNN.
- Based on the Price/Forward Earnings ratio, NNN is valued cheaper than 93.65% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.04, NNN is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.03 | ||
| Fwd PE | 20.53 |
4.2 Price Multiples
- NNN's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.32 |
4.3 Compensation for Growth
- The excellent profitability rating of NNN may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)3.02
EPS Next 2Y-2.83%
EPS Next 3Y-0.26%
5. Dividend
5.1 Amount
- NNN has a Yearly Dividend Yield of 5.83%, which is a nice return.
- Compared to an average industry Dividend Yield of 6.86, NNN has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.92, NNN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.83% |
5.2 History
- The dividend of NNN has a limited annual growth rate of 0.74%.
- 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)0.74%
Div Incr Years33
Div Non Decr Years33
5.3 Sustainability
- 112.03% of the earnings are spent on dividend by NNN. This is not a sustainable payout ratio.
- The Dividend Rate of NNN has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP112.03%
EPS Next 2Y-2.83%
EPS Next 3Y-0.26%
NYSE:NNN (1/14/2026, 11:00:54 AM)
41.67
+0.05 (+0.12%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-04 2025-11-04/bmo
Earnings (Next)02-05 2026-02-05/amc
Inst Owners93.28%
Inst Owner Change-0.05%
Ins Owners0.72%
Ins Owner Change0.47%
Market Cap7.91B
Revenue(TTM)906.30M
Net Income(TTM)391.00M
Analysts56.15
Price Target45.14 (8.33%)
Short Float %2.64%
Short Ratio3.43
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.83% |
Yearly Dividend2.27
Dividend Growth(5Y)0.74%
DP112.03%
Div Incr Years33
Div Non Decr Years33
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.76%
Min EPS beat(2)5.57%
Max EPS beat(2)9.95%
EPS beat(4)4
Avg EPS beat(4)6.99%
Min EPS beat(4)5.47%
Max EPS beat(4)9.95%
EPS beat(8)8
Avg EPS beat(8)8.22%
EPS beat(12)12
Avg EPS beat(12)9.26%
EPS beat(16)14
Avg EPS beat(16)6.86%
Revenue beat(2)2
Avg Revenue beat(2)0.5%
Min Revenue beat(2)0.44%
Max Revenue beat(2)0.56%
Revenue beat(4)3
Avg Revenue beat(4)1.16%
Min Revenue beat(4)-0.59%
Max Revenue beat(4)4.22%
Revenue beat(8)7
Avg Revenue beat(8)1.31%
Revenue beat(12)9
Avg Revenue beat(12)0.9%
Revenue beat(16)11
Avg Revenue beat(16)0.84%
PT rev (1m)-0.36%
PT rev (3m)-0.66%
EPS NQ rev (1m)-0.29%
EPS NQ rev (3m)-5.38%
EPS NY rev (1m)0.75%
EPS NY rev (3m)0.75%
Revenue NQ rev (1m)0.09%
Revenue NQ rev (3m)1.4%
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)0.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.03 | ||
| Fwd PE | 20.53 | ||
| P/S | 8.73 | ||
| P/FCF | N/A | ||
| P/OCF | 12.02 | ||
| P/B | 1.79 | ||
| P/tB | 1.81 | ||
| EV/EBITDA | 15.32 |
EPS(TTM)2.08
EY4.99%
EPS(NY)2.03
Fwd EY4.87%
FCF(TTM)-1.61
FCFYN/A
OCF(TTM)3.47
OCFY8.32%
SpS4.77
BVpS23.27
TBVpS23.08
PEG (NY)N/A
PEG (5Y)3.02
Graham Number33
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.12% | ||
| ROE | 8.85% | ||
| ROCE | 5.96% | ||
| ROIC | 4.71% | ||
| ROICexc | 4.79% | ||
| ROICexgc | 4.84% | ||
| OM | 61.8% | ||
| PM (TTM) | 43.14% | ||
| GM | 95.75% | ||
| FCFM | N/A |
ROA(3y)4.36%
ROA(5y)3.85%
ROE(3y)8.87%
ROE(5y)7.65%
ROIC(3y)4.76%
ROIC(5y)4.6%
ROICexc(3y)4.76%
ROICexc(5y)4.65%
ROICexgc(3y)4.82%
ROICexgc(5y)4.72%
ROCE(3y)6.02%
ROCE(5y)5.82%
ROICexgc growth 3Y1.06%
ROICexgc growth 5Y1.72%
ROICexc growth 3Y1.19%
ROICexc growth 5Y1.8%
OM growth 3Y0.41%
OM growth 5Y0.12%
PM growth 3Y7.9%
PM growth 5Y3.47%
GM growth 3Y0.07%
GM growth 5Y0.09%
F-Score3
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.1 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.91 | ||
| Cap/Depr | 366.02% | ||
| Cap/Sales | 106.38% | ||
| Interest Coverage | 3.04 | ||
| Cash Conversion | 79.98% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2 | ||
| Quick Ratio | 2 | ||
| Altman-Z | 1.11 |
F-Score3
WACC6.87%
ROIC/WACC0.69
Cap/Depr(3y)313.19%
Cap/Depr(5y)261.77%
Cap/Sales(3y)90.34%
Cap/Sales(5y)75.37%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.7%
EPS 3Y12.5%
EPS 5Y6.63%
EPS Q2Q%-3.77%
EPS Next Y-5.34%
EPS Next 2Y-2.83%
EPS Next 3Y-0.26%
EPS Next 5YN/A
Revenue 1Y (TTM)-16.27%
Revenue growth 3Y6.17%
Revenue growth 5Y5.33%
Sales Q2Q%5.31%
Revenue Next Year5.88%
Revenue Next 2Y5.35%
Revenue Next 3Y5.18%
Revenue Next 5Y5.76%
EBIT growth 1Y-17.63%
EBIT growth 3Y6.6%
EBIT growth 5Y5.46%
EBIT Next Year51.27%
EBIT Next 3Y19.22%
EBIT Next 5Y15.92%
FCF growth 1Y-62.93%
FCF growth 3Y60.67%
FCF growth 5YN/A
OCF growth 1Y9.06%
OCF growth 3Y3.79%
OCF growth 5Y4.84%
NNN REIT INC / NNN 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.
What is the profitability of NNN stock?
NNN REIT INC (NNN) has a profitability rating of 8 / 10.
Can you provide the financial health for NNN stock?
The financial health rating of NNN REIT INC (NNN) is 5 / 10.
Can you provide the expected EPS growth for NNN stock?
The Earnings per Share (EPS) of NNN REIT INC (NNN) is expected to decline by -5.34% in the next year.