NNN * Stock Overview

NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. More details

NNN * fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	2/6
Financial Health	0/6
Dividends	5/6

Rewards

Trading at 36.5% below our estimate of its fair value

Earnings have grown 14.8% per year over the past 5 years

Pays a reliable dividend of 5.56%

Risk Analysis

Interest payments are not well covered by earnings

Shares are highly illiquid

Significant insider selling over the past 3 months

Community vs My Fair Value

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NNN REIT, Inc. Competitors

Fibra Shop

BMV:FSHOP 13

Mex$6.0b

Fibra UNO

BMV:FUNO 11

Mex$98.6b

Fideicomiso Opsimex

BMV:FSITES 20

Mex$88.1b

FIBRA Prologis

BMV:FIBRAPL 14

Mex$118.1b

Price History & Performance

Summary of share price highs, lows and changes for NNN REIT
Historical stock prices
Current Share Price	US$839.10
52 Week High	US$839.10
52 Week Low	US$765.61
Beta	0.92
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	9.60%

Recent updates

Shareholder Returns

	NNN *	MX Retail REITs	MX Market
7D	0%	-1.1%	2.7%
1Y	n/a	-3.8%	-2.6%

Return vs Industry: Insufficient data to determine how NNN * performed against the MX Retail REITs industry.

Return vs Market: Insufficient data to determine how NNN * performed against the MX Market.

Price Volatility

Is NNN *'s price volatile compared to industry and market?
NNN * volatility
NNN * Average Weekly Movement	n/a
Retail REITs Industry Average Movement	2.6%
Market Average Movement	5.0%
10% most volatile stocks in MX Market	8.9%
10% least volatile stocks in MX Market	2.7%

Stable Share Price: NNN *'s share price has been volatile over the past 3 months compared to the MX market.

Volatility Over Time: Insufficient data to determine NNN *'s volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1984	83	Steve Horn	www.nnnreit.com

NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2024, the company owned 3,549 properties in 49 states with a gross leasable area of approximately 36.6 million square feet and a weighted average remaining lease term of 10.0 years. NNN is one of only three publicly traded real estate investment trusts to have increased annual dividends for 35 or more consecutive years.

NNN REIT, Inc. Fundamentals Summary

How do NNN REIT's earnings and revenue compare to its market cap?
NNN * fundamental statistics
Market cap	Mex$153.48b
Earnings (TTM)	Mex$7.79b
Revenue (TTM)	Mex$17.31b

19.7x

P/E Ratio

8.9x

P/S Ratio

Is NNN * overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NNN * income statement (TTM)
Revenue	US$884.71m
Cost of Revenue	US$34.54m
Gross Profit	US$850.18m
Other Expenses	US$451.95m
Earnings	US$398.22m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	2.12
Gross Margin	96.10%
Net Profit Margin	45.01%
Debt/Equity Ratio	103.1%

How did NNN * perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

70%

Payout Ratio

Does NNN * pay a reliable dividends?

See NNN * dividend history and benchmarks

When do you need to buy NNN * by to receive an upcoming dividend?
NNN REIT dividend dates
Ex Dividend Date	Apr 30 2025
Dividend Pay Date	May 15 2025
Days until Ex dividend	9 days
Days until Dividend pay date	6 days

Does NNN * pay a reliable dividends?

See NNN * dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/08 13:42
End of Day Share Price	2025/03/14 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NNN REIT, Inc. is covered by 33 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Wesley Golladay	Baird
Richard Hightower	Barclays
Nathan Crossett	BNP Paribas Exane