NNN REIT Past Earnings Performance

Past criteria checks 5/6

NNN REIT has been growing earnings at an average annual rate of 11.3%, while the Retail REITs industry saw earnings growing at 14.4% annually. Revenues have been growing at an average rate of 5.4% per year. NNN REIT's return on equity is 9.4%, and it has net margins of 47.3%.

Key information

11.3%

Earnings growth rate

8.5%

EPS growth rate

Retail REITs Industry Growth	8.1%
Revenue growth rate	5.4%
Return on equity	9.4%
Net Margin	47.3%
Next Earnings Update	01 May 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How NNN REIT makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:CZ2 Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	828	392	44
30 Sep 23	810	386	44
30 Jun 23	799	367	44
31 Mar 23	787	343	43
31 Dec 22	773	334	42
30 Sep 22	762	308	41
30 Jun 22	749	298	42
31 Mar 22	737	293	44
31 Dec 21	726	264	45
30 Sep 21	702	255	44
30 Jun 21	681	228	42
31 Mar 21	665	202	40
31 Dec 20	661	210	38
30 Sep 20	671	212	39
30 Jun 20	681	218	38
31 Mar 20	682	247	38
31 Dec 19	670	258	38
30 Sep 19	656	227	36
30 Jun 19	643	242	36
31 Mar 19	634	234	35
31 Dec 18	623	258	34
30 Sep 18	614	293	35
30 Jun 18	606	272	34
31 Mar 18	596	260	34
31 Dec 17	585	217	34
30 Sep 17	576	207	35
30 Jun 17	563	196	36
31 Mar 17	548	190	36
31 Dec 16	534	200	37
30 Sep 16	519	180	37
30 Jun 16	507	184	36
31 Mar 16	494	178	35
31 Dec 15	483	162	35
30 Sep 15	472	173	33
30 Jun 15	459	166	32
31 Mar 15	447	165	32
31 Dec 14	435	154	33
30 Sep 14	424	143	31
30 Jun 14	414	137	30
31 Mar 14	405	132	32
31 Dec 13	394	126	31
30 Sep 13	378	122	34
30 Jun 13	362	125	35

Quality Earnings: CZ2 has high quality earnings.

Growing Profit Margin: CZ2's current net profit margins (47.3%) are higher than last year (43.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: CZ2's earnings have grown by 11.3% per year over the past 5 years.

Accelerating Growth: CZ2's earnings growth over the past year (17.2%) exceeds its 5-year average (11.3% per year).

Earnings vs Industry: CZ2 earnings growth over the past year (17.2%) exceeded the Retail REITs industry -19.4%.

Return on Equity

High ROE: CZ2's Return on Equity (9.4%) is considered low.

Return on Assets

Return on Capital Employed

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NNN REIT Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

NNN REIT, Inc. to Report Q1, 2024 Results on May 01, 2024

Full year 2023 earnings released: EPS: US$2.17 (vs US$1.89 in FY 2022)

NNN REIT, Inc. to Report Q4, 2023 Results on Feb 08, 2024

Third quarter 2023 earnings released: EPS: US$0.59 (vs US$0.50 in 3Q 2022)

NNN REIT, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Second quarter 2023 earnings released: EPS: US$0.54 (vs US$0.42 in 2Q 2022)

Recent updates

Upcoming dividend of US$0.56 per share

Fourth quarter dividend of US$0.56 announced

NNN REIT, Inc. Announces Quarterly Dividend, Payable on May 15, 2024

NNN REIT, Inc. to Report Q1, 2024 Results on May 01, 2024

NNN REIT, Inc., Annual General Meeting, May 15, 2024

NNN REIT, Inc. has filed a Follow-on Equity Offering.

Full year 2023 earnings released: EPS: US$2.17 (vs US$1.89 in FY 2022)

NNN REIT, Inc. Provides Earnings Guidance for the Fiscal Year 2024

Upcoming dividend of US$0.56 per share at 5.4% yield

NNN REIT, Inc. Announces Quarterly Dividend, Payable on February 15, 2024

NNN REIT, Inc. to Report Q4, 2023 Results on Feb 08, 2024

Secretary recently sold €1.5m worth of stock

NNN REIT, Inc. Announces Retirement of Christopher P. Tessitore as an Executive Vice President, Appoints Gina M. Steffens as Successor

Third quarter 2023 earnings released: EPS: US$0.59 (vs US$0.50 in 3Q 2022)

Upcoming dividend of US$0.56 per share at 6.4% yield

NNN REIT, Inc. Announces Quarterly Dividend, Payable on November 15, 2023

NNN REIT, Inc. to Report Q3, 2023 Results on Nov 01, 2023

NNN REIT, Inc. Appoints Jonathan A. Adamo as Executive Vice President, Portfolio Operations

NNN REIT, Inc. has completed a Follow-on Equity Offering.

Second quarter 2023 earnings released: EPS: US$0.54 (vs US$0.42 in 2Q 2022)

Upcoming dividend of US$0.56 per share at 5.0% yield

NNN REIT, Inc. Announces Quarterly Dividend, Payable on August 15, 2023

NNN REIT, Inc. to Report Q2, 2023 Results on Aug 02, 2023

NNN REIT, Inc.(NYSE:NNN) dropped from Russell 1000 Dynamic Index

First quarter 2023 earnings released: EPS: US$0.50 (vs US$0.47 in 1Q 2022)

Now 20% undervalued after recent price drop

Full year 2022 earnings released: EPS: US$1.90 (vs US$1.51 in FY 2021)

National Retail Properties, Inc. Provides Earnings Guidance for the Year 2023

National Retail Properties, Inc. Declares Quarterly Dividend, Payable on February 15, 2023

National Retail Properties, Inc. to Report Q4, 2022 Results on Feb 09, 2023

Third quarter 2022 earnings released: EPS: US$0.50 (vs US$0.45 in 3Q 2021)

National Retail Properties, Inc. Provides Earnings Guidance for the Year 2022

Upcoming dividend of US$0.55 per share

National Retail Properties, Inc. Declares Quarterly Dividend, Payable on November 15, 2022

National Retail Properties, Inc. to Report Q3, 2022 Results on Nov 02, 2022

National Retail Properties, Inc. Appoints Elizabeth Castro Gulacsy to its Board of Directors

CFO, Executive VP recently sold €493k worth of stock

Second quarter 2022 earnings released: EPS: US$0.42 (vs US$0.39 in 2Q 2021)

National Retail Properties, Inc. Provides Earnings Guidance for the Year 2022

Upcoming dividend of US$0.55 per share

National Retail Properties, Inc. Declares Quarterly Dividend, Payable on August 15, 2022

National Retail Properties, Inc. to Report Q2, 2022 Results on Aug 03, 2022

National Retail Properties, Inc. Provides Earnings Guidance for the Year 2022

First quarter 2022 earnings released: EPS: US$0.47 (vs US$0.30 in 1Q 2021)

Upcoming dividend of US$0.53 per share

National Retail Properties, Inc. Declares Quarterly Dividend, Payable May 16, 2022

National Retail Properties, Inc. Appoints Stephen A. "Steve" Horn, Jr. to Board of Directors

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

National Retail Properties, Inc. Announces Impairment Results for the Quarter Ended December 31, 2021

Upcoming dividend of US$0.53 per share

Insufficient new directors

Third quarter 2021 earnings released: EPS US$0.45 (vs US$0.30 in 3Q 2020)

Equisset LLC, Casey Bachrodt and Phil Bundy acquired All Star Adventures from National Retail Properties, Inc. (NYSE:NNN).

National Retail Properties, Inc. Provides Earnings Guidance for the Year 2021

Second quarter 2021 earnings released: EPS US$0.39 (vs US$0.24 in 2Q 2020)

Upcoming dividend of US$0.53 per share

First quarter 2021 earnings released

An unknown buyer acquired 29 properties with an aggregate 355,000 square feet from National Retail Properties, Inc. (NYSE:NNN).

Upcoming dividend of US$0.52 per share

CFO, Executive VP recently sold €836k worth of stock

Chief Accounting Officer & Executive VP recently sold €236k worth of stock

New 90-day high: €35.60

Executive VP recently sold €1.1m worth of stock

Full year 2020 earnings released: EPS US$1.22 (vs US$1.56 in FY 2019)

Revenue misses expectations

National Retail Properties, Inc.(NYSE:NNN PRDCL) dropped from S&P U.S. Preferred Stock Index

National Retail Properties, Inc. to Report Q4, 2020 Results on Feb 11, 2021

Executive VP & COO recently sold €482k worth of stock

National Retail Properties, Inc. Announces the Retirement of Paul Bayer as Executive Vice President and Chief Investment Officer, Effective December 31, 2020

Revenue & Expenses Breakdown
Beta