NNN REIT Balance Sheet Health
Financial Health criteria checks 2/6
NNN REIT has a total shareholder equity of $4.4B and total debt of $4.4B, which brings its debt-to-equity ratio to 100.1%. Its total assets and total liabilities are $8.9B and $4.6B respectively. NNN REIT's EBIT is $544.8M making its interest coverage ratio 3.1. It has cash and short-term investments of $173.5M.
Key information
100.1%
Debt to equity ratio
US$4.37b
Debt
| Interest coverage ratio | 3.1x |
| Cash | US$173.53m |
| Equity | US$4.37b |
| Total liabilities | US$4.55b |
| Total assets | US$8.92b |
Recent financial health updates
No updates
Recent updates
NNN REIT: Navigating High Rates With A Rock-Solid 6% Yield
Jan 16My New Year Means Much Bigger Income: NNN REIT
Jan 02NNN REIT: A Luxurious Dip Has Emerged
Dec 24NNN REIT: Valuation Becomes More Tempting
Dec 01NNN REIT: Portfolio Starting To Show Cracks?
Nov 20What Has Just Happened To NNN REIT? I'm In
Nov 01NNN REIT: Collect A 5% Yield From This REIT Powerhouse
Oct 10Why NNN REIT Remains A Top Income Pick
Sep 29NNN Is Breaking Out In Anticipation Of The Rate Cut Cycle
Sep 04Seeking Stability? NNN REIT Will Do The Job, But I Have One Concern
Aug 28NNN REIT: Diverse REIT With Well-Supported Dividend
Aug 05NNN REIT: Here's What To Expect From Upcoming Earnings Release
Jul 27NNN REIT: High And Stable Income At A Low Price
Jul 02National Retail Properties: 5.4% Yield, Upcoming Dividend Hike And Cheap
Jun 26NNN REIT: Still A Great Buy For Value And Income
Jun 04NNN REIT: A High-Quality REIT To Buy Now On Sale
Apr 28NNN REIT: A Good Income Producer At A Slight Discount
Apr 04NNN REIT: This Net Lease REIT Continues To Dominate The Sector
Mar 23NNN REIT: A Better Source Of Income Than Money Markets
Feb 20NNN REIT Q4: A Wonderful REIT At A Great Price
Feb 12NNN REIT: A Rare Dividend/Value Pick
Jan 19NNN REIT: A Dividend Aristocrat Worth Buying
Dec 18NNN REIT: This Net Lease King Pays You A Juicy 5.3% Yield
Dec 08Forget Bonds, NNN's 6% Yield Is A Great Deal
Nov 14Better High Yield SWAN: Realty Income Or NNN REIT
Oct 126% Yielding NNN Hasn't Been This Cheap Since The Great Financial Crisis
Sep 11NNN: My First 'Buy' In The REIT, Here's Why
Aug 29Realty Income Vs. NNN REIT: What's The Best REIT To Buy Today?
Aug 08NNN REIT: The 5% Yielding Champion For Dividend Investors
Jul 17NNN REIT: Buy Before The Fed Hits The 'Permanent' Pause Button
Jul 08Why Every Dividend Portfolio Needs A Tim Duncan Stock Like NNN REIT
Jun 12National Retail Properties: A Dividend You Can Count On
Feb 22National Retail Properties Q4 2022 Earnings Preview
Feb 08National Retail Properties declares $0.55 dividend
Jan 13Better High Yield Triple-Net Buy: National Retail Properties Or W. P. Carey
Dec 24Our Models Suggest National Retail Properties Could Surge
Dec 14Buy National Retail Properties And Sleep Well At Night
Nov 09National Retail Properties FFO of $0.79 beats by $0.01, revenue of $193.47M beats by $1.46M, raises FY22 FFO outlook
Nov 02National Retail Properties: Trades At A Discount, Yields 5.67%, And Has Provided 33 Consecutive Dividend Increases
Oct 10Financial Position Analysis
Short Term Liabilities: NNN's short term assets ($220.7M) exceed its short term liabilities ($75.4M).
Long Term Liabilities: NNN's short term assets ($220.7M) do not cover its long term liabilities ($4.5B).
Debt to Equity History and Analysis
Debt Level: NNN's net debt to equity ratio (96.1%) is considered high.
Reducing Debt: NNN's debt to equity ratio has increased from 61.7% to 100.1% over the past 5 years.
Debt Coverage: NNN's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: NNN's interest payments on its debt are well covered by EBIT (3.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/02 09:04 |
| End of Day Share Price | 2025/01/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 here.
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 .
Analyst Sources
NNN REIT, Inc. is covered by 31 analysts. 13 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 |