National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. More Details
6 star dividend payer and fair value.
Share Price & News
How has National Retail Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NNN is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: NNN's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: NNN exceeded the US REITs industry which returned 29.9% over the past year.
Return vs Market: NNN underperformed the US Market which returned 57.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is National Retail Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StThe National Retail Properties (NYSE:NNN) Share Price Has Gained 30% And Shareholders Are Hoping For More
1 month ago | Simply Wall StHave Insiders Sold National Retail Properties, Inc. (NYSE:NNN) Shares Recently?
Is National Retail Properties undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NNN ($46.01) is trading below our estimate of fair value ($72.17)
Significantly Below Fair Value: NNN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NNN is good value based on its PE Ratio (37.7x) compared to the US REITs industry average (47.3x).
PE vs Market: NNN is poor value based on its PE Ratio (37.7x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: NNN is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: NNN is overvalued based on its PB Ratio (2x) compared to the US REITs industry average (1.8x).
How is National Retail Properties forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NNN's forecast earnings growth (15.6% per year) is above the savings rate (2%).
Earnings vs Market: NNN's earnings (15.6% per year) are forecast to grow slower than the US market (18.4% per year).
High Growth Earnings: NNN's earnings are forecast to grow, but not significantly.
Revenue vs Market: NNN's revenue (4.5% per year) is forecast to grow slower than the US market (9.4% per year).
High Growth Revenue: NNN's revenue (4.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NNN's Return on Equity is forecast to be low in 3 years time (8.5%).
How has National Retail Properties performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NNN has high quality earnings.
Growing Profit Margin: NNN's current net profit margins (31.8%) are lower than last year (38.4%).
Past Earnings Growth Analysis
Earnings Trend: NNN's earnings have grown by 5.7% per year over the past 5 years.
Accelerating Growth: NNN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NNN had negative earnings growth (-18.4%) over the past year, making it difficult to compare to the REITs industry average (-4.4%).
Return on Equity
High ROE: NNN's Return on Equity (5.3%) is considered low.
How is National Retail Properties's financial position?
Financial Position Analysis
Short Term Liabilities: NNN's short term assets ($335.2M) exceed its short term liabilities ($20.8M).
Long Term Liabilities: NNN's short term assets ($335.2M) do not cover its long term liabilities ($3.3B).
Debt to Equity History and Analysis
Debt Level: NNN's debt to equity ratio (74.6%) is considered high.
Reducing Debt: NNN's debt to equity ratio has increased from 59.1% to 74.6% over the past 5 years.
Debt Coverage: NNN's debt is not well covered by operating cash flow (14%).
Interest Coverage: NNN's interest payments on its debt are well covered by EBIT (3.1x coverage).
What is National Retail Properties's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NNN's dividend (4.52%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: NNN's dividend (4.52%) is in the top 25% of dividend payers in the US market (3.48%)
Stability and Growth of Payments
Stable Dividend: NNN's dividends per share have been stable in the past 10 years.
Growing Dividend: NNN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (83.8%), NNN's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NNN's dividends in 3 years are forecast to be covered by earnings (76.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jay Whitehurst (63 yo)
Mr. Julian E. Whitehurst, also known as Jay, has been the Chief Executive Officer of National Retail Properties, Inc. since April 28, 2017. Mr. Whitehurst has been the President of National Retail Properti...
CEO Compensation Analysis
Compensation vs Market: Jay's total compensation ($USD5.59M) is about average for companies of similar size in the US market ($USD6.51M).
Compensation vs Earnings: Jay's compensation has been consistent with company performance over the past year.
Experienced Management: NNN's management team is considered experienced (4.5 years average tenure).
Experienced Board: NNN's board of directors are considered experienced (4.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NNN insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.1%.
National Retail Properties, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: National Retail Properties, Inc.
- Ticker: NNN
- Exchange: NYSE
- Founded: 1984
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: US$8.570b
- Shares outstanding: 175.58m
- Website: https://www.nnnreit.com
Number of Employees
- National Retail Properties, Inc.
- 450 South Orange Avenue
- Suite 900
- United States
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2020, the company owned 3,114 properties in 48 states with a g...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/16 22:33|
|End of Day Share Price||2021/04/16 00:00|
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 here.