NNN REIT Management
Management criteria checks 4/4
NNN REIT's CEO is Steve Horn, appointed in Apr 2022, has a tenure of 2.58 years. total yearly compensation is $7.19M, comprised of 11.5% salary and 88.5% bonuses, including company stock and options. directly owns 0.3% of the company’s shares, worth $24.48M. The average tenure of the management team and the board of directors is 5.6 years and 8.3 years respectively.
Key information
Steve Horn
Chief executive officer
US$7.2m
Total compensation
| CEO salary percentage | 11.5% |
| CEO tenure | 2.6yrs |
| CEO ownership | 0.3% |
| Management average tenure | 5.6yrs |
| Board average tenure | 8.3yrs |
Recent management updates
Recent updates
NNN 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 14If EPS Growth Is Important To You, National Retail Properties (NYSE:NNN) Presents An Opportunity
Nov 30
Buy 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 10National Retail Properties: 33 Years In A Row Of Dividend Love
Oct 04National Retail Properties: Stack This 5% Yield Onto Your Dividend Portfolio
Sep 02Better Buy: National Retail Properties' 4.5% Yield Or Realty Income's 3.9%
Aug 02CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$395m |
| Jun 30 2024 | n/a | n/a | US$404m |
| Mar 31 2024 | n/a | n/a | US$396m |
| Dec 31 2023 | US$7m | US$825k | US$392m |
| Sep 30 2023 | n/a | n/a | US$386m |
| Jun 30 2023 | n/a | n/a | US$367m |
| Mar 31 2023 | n/a | n/a | US$343m |
| Dec 31 2022 | US$7m | US$700k | US$334m |
| Sep 30 2022 | n/a | n/a | US$308m |
| Jun 30 2022 | n/a | n/a | US$298m |
| Mar 31 2022 | n/a | n/a | US$293m |
| Dec 31 2021 | US$3m | US$515k | US$264m |
| Sep 30 2021 | n/a | n/a | US$255m |
| Jun 30 2021 | n/a | n/a | US$228m |
| Mar 31 2021 | n/a | n/a | US$202m |
| Dec 31 2020 | US$2m | US$435k | US$210m |
| Sep 30 2020 | n/a | n/a | US$212m |
| Jun 30 2020 | n/a | n/a | US$218m |
| Mar 31 2020 | n/a | n/a | US$247m |
| Dec 31 2019 | US$2m | US$400k | US$258m |
| Sep 30 2019 | n/a | n/a | US$227m |
| Jun 30 2019 | n/a | n/a | US$242m |
| Mar 31 2019 | n/a | n/a | US$234m |
| Dec 31 2018 | US$2m | US$345k | US$258m |
| Sep 30 2018 | n/a | n/a | US$293m |
| Jun 30 2018 | n/a | n/a | US$272m |
| Mar 31 2018 | n/a | n/a | US$260m |
| Dec 31 2017 | US$2m | US$335k | US$217m |
Compensation vs Market: Steve's total compensation ($USD7.19M) is about average for companies of similar size in the US market ($USD7.94M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
CEO
Steve Horn (52 yo)
2.6yrs
Tenure
US$7,194,654
Compensation
Mr. Stephen A. Horn, Jr. also known as Steve, serves as President and Chief Executive Officer of NNN REIT, Inc. (formerly known as National Retail Properties, Inc.). since April 2022. He served as Chief Op...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.6yrs | US$7.19m | 0.30% $ 24.5m | |
| CFO, Executive VP | 30.9yrs | US$3.84m | 0.16% $ 13.3m | |
| Chief Accounting & Technology Officer and Executive VP | 8.7yrs | US$1.30m | 0.037% $ 3.1m | |
| Executive Vice President of Portfolio Operations | no data | US$1.47m | no data | |
| Vice President of Corporate Communications & Investor Relations | no data | no data | no data | |
| Executive VP | less than a year | no data | 0.017% $ 1.4m | |
| Vice President of Human Resources | no data | no data | no data | |
| Senior Vice President of Underwriting | no data | no data | no data | |
| Senior Vice President of Financial Reporting & Operations | no data | no data | no data | |
| Senior Vice President of Acquisitions | no data | no data | 0.038% $ 3.1m | |
| Director of Leasing & Asset Management | no data | no data | no data | |
| Executive Assistant to CEO | no data | no data | no data |
5.6yrs
Average Tenure
56yo
Average Age
Experienced Management: NNN's management team is seasoned and experienced (5.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.8yrs | US$7.19m | 0.30% $ 24.5m | |
| CFO, Executive VP | 24.4yrs | US$3.84m | 0.16% $ 13.3m | |
| Independent Director | 8.3yrs | US$239.00k | 0.017% $ 1.4m | |
| Independent Director | 12.8yrs | US$250.25k | 0.032% $ 2.6m | |
| Independent Chairman | 8.3yrs | US$328.75k | 0.0089% $ 732.2k | |
| Independent Director | 5.8yrs | US$253.75k | 0.0020% $ 166.4k | |
| Independent Director | 14yrs | US$255.25k | 0.032% $ 2.6m | |
| Independent Director | 2.3yrs | US$230.00k | 0.0055% $ 456.3k | |
| Independent Director | 2.8yrs | US$239.00k | 0.0076% $ 621.8k |
8.3yrs
Average Tenure
65yo
Average Age
Experienced Board: NNN's board of directors are considered experienced (8.3 years average tenure).