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NNN REIT

NNN

NNN REIT, Inc. is a fully integrated real estate investment trust that specializes in the acquisition, ownership, and development of high-quality retail properties across the United States.

Market cap
$9.36B+18.3%
Revenue$935.8M+5.8%
Net income$387.3M-2.9%
EPS (diluted)$2.06-3.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$240.2M
EPS estimate$0.51

Financials

Q1 2026

Income statement

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Revenue$240.4M+4.1%
Operating income$146.6M+1.9%
Net income$94.0M-2.6%
EPS (diluted)$0.50-2.0%

Balance sheet

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Cash & equivalents$4.6M-10.3%
Total equity$4.4B+0.9%
Total assets$9.4B+4.4%

Cash flow

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Operating cash flow$187.0M-8.0%

Valuation & ratios

Valuation

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Market cap$9.36B+18.3%
P/E24.2×+4.0×
P/S10×+1.2×

Profitability

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Operating margin63.3%-2.6pp
Net margin41.4%-3.7pp

Returns & leverage

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Return on equity8.9%-0.5pp

Competitors

Profile

NNN REIT, Inc. is a fully integrated real estate investment trust that specializes in the acquisition, ownership, and development of high-quality retail properties across the United States. The company's core value proposition centers on a long-term, triple-net lease strategy that shifts responsibility for operating expenses and capital expenditures to tenants, providing stable and predictable income streams for investors.

Competitive position

NNN maintains a leading position in the net-lease retail sector, evidenced by one of the longest records of consecutive annual dividend increases among all publicly traded REITs.

GeographiesUnited States, Puerto Rico
Customer segmentsNational Retailers, Regional Retailers
Business modelTriple-Net Lease (NNN), Real Estate Investment Trust
SuppliersCapital Markets, Commercial Banks, Real Estate Developers, Property Sellers
CustomersRetail Tenants, Service-Oriented Businesses
Listed1984
Employees77.0
CEOStephen A. Horn Jr.
FilingsSEC EDGAR

Questions, answered.

What is NNN REIT's market cap?
NNN REIT (NNN) has a market capitalization of $9.4B and trades on NYSE.
What is NNN REIT's revenue and profitability?
NNN REIT generated $935.8M in trailing twelve-month revenue with net income of $387.3M, representing a net margin of 41.4%. These figures are based on the Q1 2026 filing.
Who are NNN REIT's competitors?
NNN REIT's key competitors include Realty Income Corporation, Agree Realty Corporation, W. P. Carey Inc., and others. These companies compete in similar markets and product categories.
Who does NNN REIT partner with?
NNN REIT's notable partners include Ronald McDonald House of Central Florida, Orange County Animal Services, Elevate Orlando, and others.
Where is NNN REIT headquartered?
NNN REIT is headquartered in United States of America and employs approximately 77 people. It has been publicly traded since 1984.