NNN REIT Management

Management criteria checks 4/4

NNN REIT's CEO is Steve Horn, appointed in Apr 2022, has a tenure of 2.17 years. total yearly compensation is $7.19M, comprised of 11.5% salary and 88.5% bonuses, including company stock and options. directly owns 0.32% of the company’s shares, worth $23.29M. The average tenure of the management team and the board of directors is 5 years and 7.7 years respectively.

Key information

Steve Horn

Chief executive officer

US$7.2m

Total compensation

CEO salary percentage11.5%
CEO tenure2yrs
CEO ownership0.3%
Management average tenure5yrs
Board average tenure7.7yrs

Recent management updates

Recent updates

NNN REIT: A Good Income Producer At A Slight Discount

Apr 04

NNN REIT: This Net Lease REIT Continues To Dominate The Sector

Mar 23

NNN REIT: A Better Source Of Income Than Money Markets

Feb 20

NNN REIT Q4: A Wonderful REIT At A Great Price

Feb 12

NNN REIT: A Rare Dividend/Value Pick

Jan 19

NNN REIT: A Dividend Aristocrat Worth Buying

Dec 18

NNN REIT: This Net Lease King Pays You A Juicy 5.3% Yield

Dec 08

Forget Bonds, NNN's 6% Yield Is A Great Deal

Nov 14

Better High Yield SWAN: Realty Income Or NNN REIT

Oct 12

6% Yielding NNN Hasn't Been This Cheap Since The Great Financial Crisis

Sep 11

NNN: My First 'Buy' In The REIT, Here's Why

Aug 29

Realty Income Vs. NNN REIT: What's The Best REIT To Buy Today?

Aug 08

NNN REIT: The 5% Yielding Champion For Dividend Investors

Jul 17

NNN REIT: Buy Before The Fed Hits The 'Permanent' Pause Button

Jul 08

Why Every Dividend Portfolio Needs A Tim Duncan Stock Like NNN REIT

Jun 12

National Retail Properties: A Dividend You Can Count On

Feb 22

National Retail Properties Q4 2022 Earnings Preview

Feb 08

National Retail Properties declares $0.55 dividend

Jan 13

Better High Yield Triple-Net Buy: National Retail Properties Or W. P. Carey

Dec 24

Our Models Suggest National Retail Properties Could Surge

Dec 14

If EPS Growth Is Important To You, National Retail Properties (NYSE:NNN) Presents An Opportunity

Nov 30
If EPS Growth Is Important To You, National Retail Properties (NYSE:NNN) Presents An Opportunity

Buy National Retail Properties And Sleep Well At Night

Nov 09

National Retail Properties FFO of $0.79 beats by $0.01, revenue of $193.47M beats by $1.46M, raises FY22 FFO outlook

Nov 02

National Retail Properties: Trades At A Discount, Yields 5.67%, And Has Provided 33 Consecutive Dividend Increases

Oct 10

National Retail Properties: 33 Years In A Row Of Dividend Love

Oct 04

National Retail Properties: Stack This 5% Yield Onto Your Dividend Portfolio

Sep 02

Better Buy: National Retail Properties' 4.5% Yield Or Realty Income's 3.9%

Aug 02

National Retail Properties raises dividend by 3.8% to $0.55

Jul 15

National Retail Properties: Durable Portfolio And Dividend Growth

Jun 30

Fight Inflation: Forget National Retail Properties, Buy W.P. Carey Instead

Jun 11

National Retail Properties: Be Greedy When Others Are Fearful

May 09

National Retail Properties: A Real Estate Staple

Mar 30

National Retail Properties: Now 5% Yield, Why It's Time To Buy

Feb 10

National Retail Is A Solid Company And Freshly Cheap

Jan 28

National Retail Properties: Time To Bargain Shop

Dec 28

National Retail Properties: Too Dependable To Doubt And Too Cheap To Ignore

Dec 21

National Retail Properties: A Dividend Aristocrat REIT Worth Investing In

Nov 30

National Retail Properties: A Dividend Aristocrat To Help You Sleep At Night

Sep 24

CEO Compensation Analysis

How has Steve Horn's remuneration changed compared to NNN REIT's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023US$7mUS$825k

US$392m

Sep 30 2023n/an/a

US$386m

Jun 30 2023n/an/a

US$367m

Mar 31 2023n/an/a

US$343m

Dec 31 2022US$7mUS$700k

US$334m

Sep 30 2022n/an/a

US$308m

Jun 30 2022n/an/a

US$298m

Mar 31 2022n/an/a

US$293m

Dec 31 2021US$3mUS$515k

US$264m

Sep 30 2021n/an/a

US$255m

Jun 30 2021n/an/a

US$228m

Mar 31 2021n/an/a

US$202m

Dec 31 2020US$2mUS$435k

US$210m

Sep 30 2020n/an/a

US$212m

Jun 30 2020n/an/a

US$218m

Mar 31 2020n/an/a

US$247m

Dec 31 2019US$2mUS$400k

US$258m

Sep 30 2019n/an/a

US$227m

Jun 30 2019n/an/a

US$242m

Mar 31 2019n/an/a

US$234m

Dec 31 2018US$2mUS$345k

US$258m

Sep 30 2018n/an/a

US$293m

Jun 30 2018n/an/a

US$272m

Mar 31 2018n/an/a

US$260m

Dec 31 2017US$2mUS$335k

US$217m

Compensation vs Market: Steve's total compensation ($USD7.19M) is about average for companies of similar size in the US market ($USD8.45M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.


CEO

Steve Horn (51 yo)

2yrs

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

NamePositionTenureCompensationOwnership
Stephen Horn
President2yrsUS$7.19m0.32%
$ 23.3m
Kevin Habicht
CFO, Executive VP30.3yrsUS$3.84m0.18%
$ 13.0m
Michelle Miller
Chief Accounting Officer & Executive VP8.1yrsUS$1.30m0.040%
$ 2.9m
Jonathan Adamo
Executive Vice President of Portfolio Operationsno dataUS$1.47mno data
Christopher Barry
Vice President of Corporate Communications & Investor Relationsno datano datano data
Gina Steffens
Executive VPless than a yearno data0.018%
$ 1.3m
Margo Moeder
Vice President of Human Resourcesno datano datano data
Matt Williams
Senior Vice President of Underwritingno datano datano data
Mary Morrison
Senior Vice President of Financial Reporting & Operationsno datano datano data
Jon Adamo
Senior Vice President of Acquisitionsno datano data0.042%
$ 3.0m
Sam Khatib
Director of Leasing & Asset Managementno datano datano data
Kella Schaible
Executive Assistant to CEOno datano datano data

5.0yrs

Average Tenure

55yo

Average Age

Experienced Management: NNN's management team is seasoned and experienced (5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Stephen Horn
President2.2yrsUS$7.19m0.32%
$ 23.3m
Kevin Habicht
CFO, Executive VP23.8yrsUS$3.84m0.18%
$ 13.0m
Pamela Kay Beall
Independent Director7.7yrsUS$239.00k0.016%
$ 1.1m
Edward Fritsch
Independent Director12.2yrsUS$250.25k0.031%
$ 2.3m
Steven Cosler
Independent Chairman7.7yrsUS$328.75k0.0091%
$ 663.2k
Betsy Holden
Independent Director5.2yrsUS$245.00k0.0021%
$ 150.5k
David Fick
Independent Director13.4yrsUS$255.25k0%
$ 0
Elizabeth Gulacsy
Independent Director1.7yrsUS$230.00k0%
$ 0
Kamau Witherspoon
Independent Director2.3yrsUS$239.00k0%
$ 0

7.7yrs

Average Tenure

64yo

Average Age

Experienced Board: NNN's board of directors are considered experienced (7.7 years average tenure).


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