What is NNN REIT's financed construction projects?

NNN REIT (NNN) reported financed construction projects of $1.96M in Q2 2024.

How has NNN REIT's financed construction projects changed year-over-year?

NNN REIT's financed construction projects decreased by 72.7% year-over-year, from $7.18M to $1.96M.

What is the long-term trend for NNN REIT's financed construction projects?

Over 2 years (2021 to 2023), NNN REIT's financed construction projects has grown at a 232.2% compound annual growth rate (CAGR), from $2.09M to $23.1M.

NNN REIT NNN Financed construction projects

Financed construction projects at other companies

AXT

AXTAXTI

$137K—

MacerichMAC

$63.68M+30.2%

Mid-America Apartment CommunitiesMAA

$38.91M+12.5%

Tractor Supply CompanyTSCO

$154.79M+82.7%

Public StoragePSA

$30.28M-28.0%

GlobalstarGSAT

$0-100%

Other financials

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

See full

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%

CapEx$15.5M+253%

Free cash flow$176.0M-5.2%

Valuation

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Market cap$8.56B-0.3%

P/E22.1×+0.6×

P/S9.2×-0.6×

Profitability

See full

Operating margin63.3%-2.6pp

Net margin41.4%-3.7pp

Returns & leverage

See full

Return on equity8.9%-0.5pp

Where this comes from

Reported directly by NNN REIT in its filing.

Tagged under the XBRL concept us-gaap:ConstructionInProgressExpendituresIncurredButNotYetPaid.

The official record: NNN REIT’s 10-Q, filed August 1, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is NNN REIT's financed construction projects?: NNN REIT (NNN) reported financed construction projects of $1.96M in Q2 2024.
How has NNN REIT's financed construction projects changed year-over-year?: NNN REIT's financed construction projects decreased by 72.7% year-over-year, from $7.18M to $1.96M.
What is the long-term trend for NNN REIT's financed construction projects?: Over 2 years (2021 to 2023), NNN REIT's financed construction projects has grown at a 232.2% compound annual growth rate (CAGR), from $2.09M to $23.1M.