NNN REIT, Inc.

NNN US

NNN USNNN REIT, Inc.

United States Composite

42.54

USD

+0.32

(+0.76%)

2.18EPS Dil.

19.42P/E

7.78BMarket Cap

5.29%Div. Yield

Next Earnings

February 7

Ex-Dividend Date

October 30

Dividend Date

November 15

Held by Insiders

0.65%

Held by Institutions

90.93%

Short % of Float

2.03%

YTD Yield

-1.03%

3Y Yield

-9.64%

5Y Yield

-21.33%

Use logarithmic scale

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	TTM
Revenue per Share	3.45	3.29	3.33	3.5	3.6	3.7	3.92	4	4.07	3.84	4.16	4.38	4.57	4.63
Basic EPS, GAAP	0.97	1.16	1.12	1.25	1.21	1.39	1.52	1.66	1.63	1.23	1.57	1.9	2.17	2.19
Free Cash Flow per Basic Share	-6.59	2.13	2.32	2.39	2.55	2.88	2.83	3.03	3.05	2.62	3.25	3.28	3.38	3.43
Dividend per Share	1.59	1.73	1.84	1.93	1.97	2.05	2.11	2.17	2.22	2.18	2.19	2.16	2.23	2.25
Book Value per Share	-0.42	-0.81	-1.2	-1.48	-1.86	-2.16	-2.46	-2.62	-2.9	-3.67	-4.25	-4.37	-4.41	-4.43
Tangible Book Value per Share	17.89	17.62	17.48	18.41	19.11	19.93	20.56	21.4	22.77	22.28	21.83	22.39	22.49	22.49
Basic Weighted Avg Shares	88	107	118	124	134	144	149	156	165	172	175	176	181	181
Sales/Revenue/Turnover	304	352	394	435	483	534	585	623	670	661	726	773	828	839
Operating Margin (%)	52.16	59.73	62.17	61.46	60.8	61.31	60.57	62.46	62.05	60.16	61.67	61.24	62.02	62.3
Depreciation Expense	59	75	100	116	135	149	174	174	189	197	205	224	239	240
Net Income, GAAP	92	142	160	191	198	240	265	292	299	229	290	335	392	397
Effective Tax Rate (%)	1.06	- -	0.05	- -	5.22	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	30.39	40.38	40.7	43.83	40.97	44.88	45.3	46.97	44.62	34.63	39.94	43.29	47.38	47.24
Working Capital	46	-90	18	88	104	332	-74	150	-106	314	195	-146	-115	-130
LT Debt	1,274	1,413	1,524	1,730	1,976	2,312	2,460	2,851	2,855	3,221	3,746	3,750	4,229	4,230
Total Equity	2,004	2,298	2,778	3,083	3,342	3,917	3,841	4,155	4,332	4,319	3,902	4,124	4,157	4,175
Return on Invested Capital (%)	5.22	- -	5.94	- -	5.49	5.67	5.6	5.79	5.81	5.35	5.9	6.04	6.2	6.3
Return on Capital (%)	12.75	- -	13	- -	12.87	12.91	13	13.85	14.2	12.44	14.45	15.76	16.65	16.9
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Capital Structure

•

in mil. unless spec.

Working Capital

•

in mil. unless spec.

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	7.78%	5.94%	7.12%
Net Income, GAAP	10.31%	7.63%	17.25%
Free Cash Flow	8.82%	5.99%	5.89%
Total Cash Common Dividend	7.94%	5.97%	6.29%
Total Equity	4.36%	0.16%	0.82%

Growth Rates

•

in mil. unless spec.

Quarterly Revenue

•

in mil. unless spec.

Quarterly Earnings Per Share

•

in mil. unless spec.

Quarterly Dividends Per Share

•

in mil. unless spec.

Company Description

CEO: Mr. Stephen A. Horn Jr.
Full Time Employees: 77
Sector: Real Estate
Industry: REIT - Retail
Address: 450 South Orange Avenue Orlando FL United States 32801-3336
IPO Date: Oct 9, 1984
Website: www.nnnreit.com
Business: NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of June 30, 2023, the company owned 3,479 properties in 49 states with a gross leasable area of approximately 35.5 million square feet and with a weighted average remaining lease term of 10.2 years. NNN is one of only three publicly traded REITs to have increased annual dividends for 34 or more consecutive years.

Company News

GuruFocus.com
a month ago
/C O R R E C T I O N -- NNN REIT, Inc./
Yahoo Finance
a month ago
/C O R R E C T I O N -- NNN REIT, Inc./
GuruFocus.com
a month ago
NNN REIT, INC. PRICES OFFERING OF $500 MILLION OF 5.500% SENIOR UNSECURED NOTES DUE 2034
GuruFocus.com
a month ago
NNN REIT, Inc. (NYSE:NNN) President and CEO Steve Horn Interviewed by Advisor Access
Yahoo Finance
a month ago
NNN REIT, Inc. (NYSE:NNN) President and CEO Steve Horn Interviewed by Advisor Access
Yahoo Finance
2 months ago
National Retail Properties, Inc. (NYSE:NNN) Q1 2024 Earnings Call Transcript
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2 months ago
Pinterest and Tesla have been highlighted as Zacks Bull and Bear of the Day
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2 months ago
3 Top Stocks to Defy the "Sell in May & Go Away" Maxim
GuruFocus.com
2 months ago
NNN REIT Inc (NNN) Q1 2024 Earnings Call Transcript Highlights: Strategic Acquisitions and Robust Financial Performance
GuruFocus.com
2 months ago
Q1 2024 NNN REIT Inc Earnings Call Transcript
Zacks
2 months ago
Here's What Key Metrics Tell Us About NNN REIT (NNN) Q1 Earnings
Yahoo Finance
2 months ago
NNN REIT Inc. Surpasses Analyst Revenue Forecasts and Meets EPS Projections for Q1 2024
Zacks
2 months ago
NNN REIT (NNN) Q1 FFO and Revenues Top Estimates
GuruFocus.com
2 months ago
NNN REIT Inc. Surpasses Analyst Revenue Forecasts and Meets EPS Projections for Q1 2024
seekingalpha
2 months ago
NNN REIT GAAP EPS of $0.52, revenue of $215M
Yahoo Finance
2 months ago
FIRST QUARTER 2024 OPERATING RESULTS ANNOUNCED BY NNN REIT, INC.
Yahoo
3 months ago
What Makes NNN REIT (NNN) an Attractive Investment?
Zacks
3 months ago
Why Investors Need to Take Advantage of These 2 Finance Stocks Now

	Sep'23	Dec'23	Mar'24
ST Debt	- -	132	116
LT Borrowings	4,227	4,229	4,230
LT Finance Leases	- -	- -	- -
Preferred Equity and Hybrid Capital	- -	- -	- -
Shares Outstanding	182	182	183
Market Capitalization	6,491	7,888	7,840

	Sep'23	Dec'23	Mar'24
Total Current Assets	129	51	61
Accounts Receivable, Net	2	4	4
Cash, Cash Equivalents & STI	77	1	1
Inventories	- -	- -	- -
Total Current Liabilities	61	166	192
Payables & Accruals	61	34	75
ST Debt	- -	132	116
Deferred Revenue	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2022	190	191	193	199	773
2023	204	203	205	216	828
2024	215	- -	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2022	0.53	0.53	0.55	0.55	2.16
2023	0.55	0.55	0.57	0.57	2.23
2024	0.56	- -	- -	- -	- -

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	TTM
Revenue per Share	3.45	3.29	3.33	3.5	3.6	3.7	3.92	4	4.07	3.84	4.16	4.38	4.57	4.63
Basic EPS, GAAP	0.97	1.16	1.12	1.25	1.21	1.39	1.52	1.66	1.63	1.23	1.57	1.9	2.17	2.19
Free Cash Flow per Basic Share	-6.59	2.13	2.32	2.39	2.55	2.88	2.83	3.03	3.05	2.62	3.25	3.28	3.38	3.43
Dividend per Share	1.59	1.73	1.84	1.93	1.97	2.05	2.11	2.17	2.22	2.18	2.19	2.16	2.23	2.25
Book Value per Share	-0.42	-0.81	-1.2	-1.48	-1.86	-2.16	-2.46	-2.62	-2.9	-3.67	-4.25	-4.37	-4.41	-4.43
Tangible Book Value per Share	17.89	17.62	17.48	18.41	19.11	19.93	20.56	21.4	22.77	22.28	21.83	22.39	22.49	22.49
Basic Weighted Avg Shares	88	107	118	124	134	144	149	156	165	172	175	176	181	181
Sales/Revenue/Turnover	304	352	394	435	483	534	585	623	670	661	726	773	828	839
Operating Margin (%)	52.16	59.73	62.17	61.46	60.8	61.31	60.57	62.46	62.05	60.16	61.67	61.24	62.02	62.3
Depreciation Expense	59	75	100	116	135	149	174	174	189	197	205	224	239	240
Net Income, GAAP	92	142	160	191	198	240	265	292	299	229	290	335	392	397
Effective Tax Rate (%)	1.06	- -	0.05	- -	5.22	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	30.39	40.38	40.7	43.83	40.97	44.88	45.3	46.97	44.62	34.63	39.94	43.29	47.38	47.24
Working Capital	46	-90	18	88	104	332	-74	150	-106	314	195	-146	-115	-130
LT Debt	1,274	1,413	1,524	1,730	1,976	2,312	2,460	2,851	2,855	3,221	3,746	3,750	4,229	4,230
Total Equity	2,004	2,298	2,778	3,083	3,342	3,917	3,841	4,155	4,332	4,319	3,902	4,124	4,157	4,175
Return on Invested Capital (%)	5.22	- -	5.94	- -	5.49	5.67	5.6	5.79	5.81	5.35	5.9	6.04	6.2	6.3
Return on Capital (%)	12.75	- -	13	- -	12.87	12.91	13	13.85	14.2	12.44	14.45	15.76	16.65	16.9
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2022	0.47	0.42	0.5	0.51	1.9
2023	0.5	0.55	0.59	0.53	2.17
2024	0.52	- -	- -	- -	- -