NNN REIT INC (NNN) Stock Fundamental Analysis

NYSE:NNN • US6374171063

43.69 USD
+0.06 (+0.14%)
Last: Feb 13, 2026, 10:16 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Overall NNN gets a fundamental rating of 5 out of 10. We evaluated NNN against 122 industry peers in the Diversified REITs industry. While NNN has a great profitability rating, there are some minor concerns on its financial health. NNN has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • NNN had positive earnings in the past year.
  • NNN had a positive operating cash flow in the past year.
  • NNN had positive earnings in 4 of the past 5 years.
  • NNN had a positive operating cash flow in 4 of the past 5 years.
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 0 200M -200M 400M -400M 600M

1.2 Ratios

  • NNN has a better Return On Assets (4.12%) than 86.07% of its industry peers.
  • The Return On Equity of NNN (8.85%) is better than 81.97% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 4.71%, NNN belongs to the top of the industry, outperforming 91.80% of the companies in the same industry.
  • 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 3.07%.
Industry RankSector 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%
NNN Yearly ROA, ROE, ROICNNN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

1.3 Margins

  • Looking at the Profit Margin, with a value of 43.14%, NNN belongs to the top of the industry, outperforming 94.26% of the companies in the same industry.
  • NNN's Profit Margin has improved in the last couple of years.
  • NNN has a better Operating Margin (61.80%) than 97.54% of its industry peers.
  • In the last couple of years the Operating Margin of NNN has remained more or less at the same level.
  • NNN has a Gross Margin of 95.75%. This is amongst the best in the industry. NNN outperforms 97.54% 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 61.8%
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%
NNN Yearly Profit, Operating, Gross MarginsNNN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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5

2. Health

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.
  • There is no outstanding debt for NNN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
NNN Yearly Shares OutstandingNNN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2B 4B 6B 8B

2.2 Solvency

  • Based on the Altman-Z score of 1.16, we must say that NNN is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of NNN (1.16) is better than 81.15% of its industry peers.
  • NNN has a Debt/Equity ratio of 1.10. This is a high value indicating a heavy dependency on external financing.
  • NNN's Debt to Equity ratio of 1.10 is in line compared to the rest of the industry. NNN outperforms 56.56% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.1
Debt/FCF N/A
Altman-Z 1.16
ROIC/WACC0.68
WACC6.92%
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 0 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 2.00 indicates that NNN has no problem at all paying its short term obligations.
  • NNN has a Current ratio of 2.00. This is amongst the best in the industry. NNN outperforms 82.79% of its industry peers.
  • A Quick Ratio of 2.00 indicates that NNN has no problem at all paying its short term obligations.
  • NNN's Quick ratio of 2.00 is amongst the best of the industry. NNN outperforms 82.79% of its industry peers.
Industry RankSector Rank
Current Ratio 2
Quick Ratio 2
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 100M 200M 300M

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

2

3. Growth

3.1 Past

  • NNN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.02%, which is quite good.
  • The Earnings Per Share has been growing by 12.81% on average over the past years. This is quite good.
EPS 1Y (TTM)13.02%
EPS 3Y8.93%
EPS 5Y12.81%
EPS Q2Q%67.31%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%8.72%

3.2 Future

  • NNN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -6.71% yearly.
  • The Revenue is expected to grow by 5.70% on average over the next years.
EPS Next Y-16.11%
EPS Next 2Y-6.71%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.89%
Revenue Next 2Y4.92%
Revenue Next 3Y5.7%
Revenue Next 5YN/A

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.
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 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 0.5 1 1.5 2

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4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 17.98, which indicates a rather expensive current valuation of NNN.
  • 86.07% of the companies in the same industry are more expensive than NNN, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 27.67. NNN is valued slightly cheaper when compared to this.
  • A Price/Forward Earnings ratio of 21.43 indicates a rather expensive valuation of NNN.
  • NNN's Price/Forward Earnings ratio is rather cheap when compared to the industry. NNN is cheaper than 92.62% of the companies in the same industry.
  • NNN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.69.
Industry RankSector Rank
PE 17.98
Fwd PE 21.43
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

  • NNN's Enterprise Value to EBITDA ratio is in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 15.78
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 excellent profitability rating of NNN may justify a higher PE ratio.
  • NNN's earnings are expected to decrease with -6.71% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.4
EPS Next 2Y-6.71%
EPS Next 3YN/A

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

6

5. Dividend

5.1 Amount

  • NNN has a Yearly Dividend Yield of 5.50%, which is a nice return.
  • NNN's Dividend Yield is comparable with the industry average which is at 6.80.
  • Compared to an average S&P500 Dividend Yield of 1.80, NNN pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.5%

5.2 History

  • The dividend of NNN has a limited annual growth rate of 0.74%.
  • NNN has been paying a dividend for at least 10 years, so it has a reliable track record.
  • NNN has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.74%
Div Incr Years33
Div Non Decr Years33
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 112.03% of its income as dividend. 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-6.71%
EPS Next 3YN/A
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 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 REIT INC

NYSE:NNN (2/13/2026, 10:16:51 AM)

43.69

+0.06 (+0.14%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-11
Earnings (Next)04-29
Inst Owners93.28%
Inst Owner Change-1.42%
Ins Owners0.72%
Ins Owner Change0.18%
Market Cap8.30B
Revenue(TTM)N/A
Net Income(TTM)391.00M
Analysts65.45
Price Target45.22 (3.5%)
Short Float %2.84%
Short Ratio3.67
Dividend
Industry RankSector Rank
Dividend Yield 5.5%
Yearly Dividend2.27
Dividend Growth(5Y)0.74%
DP112.03%
Div Incr Years33
Div Non Decr Years33
Ex-Date01-30
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)0.19%
PT rev (3m)-0.87%
EPS NQ rev (1m)0.54%
EPS NQ rev (3m)-9.85%
EPS NY rev (1m)1.12%
EPS NY rev (3m)2.28%
Revenue NQ rev (1m)0.12%
Revenue NQ rev (3m)0.76%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)0.46%
Valuation
Industry RankSector Rank
PE 17.98
Fwd PE 21.43
P/S 9.16
P/FCF N/A
P/OCF 12.6
P/B 1.88
P/tB 1.89
EV/EBITDA 15.78
EPS(TTM)2.43
EY5.56%
EPS(NY)2.04
Fwd EY4.67%
FCF(TTM)-1.61
FCFYN/A
OCF(TTM)3.47
OCFY7.94%
SpS4.77
BVpS23.27
TBVpS23.08
PEG (NY)N/A
PEG (5Y)1.4
Graham Number35.67
Profitability
Industry RankSector 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 RankSector 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 1.16
F-Score3
WACC6.92%
ROIC/WACC0.68
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)13.02%
EPS 3Y8.93%
EPS 5Y12.81%
EPS Q2Q%67.31%
EPS Next Y-16.11%
EPS Next 2Y-6.71%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%8.72%
Revenue Next Year4.89%
Revenue Next 2Y4.92%
Revenue Next 3Y5.7%
Revenue Next 5YN/A
EBIT growth 1Y-17.63%
EBIT growth 3Y6.6%
EBIT growth 5Y5.46%
EBIT Next Year51.33%
EBIT Next 3Y19.19%
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 4 / 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 -16.11% in the next year.