NNN Reit
NNN NYSE· Retail REITs
Last close · Oct 23, 2026
$41.72
KIRA · Stoqly’s AI analyst, in plain words
- NNN Reit had $926M of revenue in fiscal 2025, up 6.6% on the year before. Over five years, revenue changed +7.0% a year on average.
- Its operating margin was 63.6%, down 2.8 pts: of every 100 in sales, about 64 is left after running the business.
- NNN Reit made $390M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 4.6% a year.
- NNN Reit returned $443M to shareholders in fiscal 2025. The diluted share count rose 2.1%.
Market cap
$7.8B
P/E
—
Revenue
$926M
Net income
$390M
Free cash flow
—
Operating margin
63.6%
NNN Reit in 30 seconds · fiscal 2025
Are sales growing?
+6.6%
Yes. Sales grew 6.6% last year.
Does it make a profit?
42.1%
Yes. It keeps 42.1% of every sale as profit.
What NNN Reit does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 11, 2026
- Legal name
- NNN REIT, INC.
- CIK
- 0000751364
NNN Reit · NNN
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $726M | $773M | $828M | $869M | $926M |
| Revenue growth | 10.0% | 6.4% | 7.1% | 5.0% | 6.6% |
| Operating margin | 61.8% | 62.4% | 67.0% | 66.5% | 63.6% |
| Net income | $290M | $335M | $392M | $397M | $390M |
| Net margin | 39.9% | 43.3% | 47.4% | 45.7% | 42.1% |
| Diluted EPS | $1.51 | $1.89 | $2.16 | $2.15 | $2.07 |
| Cash | |||||
| Cash from operations | $568M | $578M | $612M | $636M | $667M |
| Dividends paid | $367M | $381M | $405M | $420M | $443M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share count change | 1.5% | 1.3% | 2.6% | 1.3% | 2.1% |
| Debt and strength | |||||
| Cash and short-term investments | $171M | $2.5M | $1.2M | $8.7M | $5.0M |
| Shareholders' equity | $3.9B | $4.1B | $4.2B | $4.4B | $4.4B |
| Interest coverage | 3.3x | 3.3x | 3.4x | 3.1x | 2.9x |
| Returns and quality | |||||
| Return on equity | 7.1% | 8.3% | 9.5% | 9.3% | 8.9% |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$1.9M
3 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
NNN Reit · NNN
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| NNN Reit NNN | $7.8B | 6.6% | 63.6% | — | — | — | — |
| Kite Realty Group Trust KRG | $5.0B | 0.8% | — | 32.9% | 7.1% | 15.3x | — |
| Agree Realty ADC | $8.3B | 16.4% | 47.4% | 70.2% | — | 34.4x | — |
| Federal Realty Investment Tr... FRT | $9.4B | 6.4% | 47.1% | — | 6.0% | 18.9x | — |
| Brixmor Property Group BRX | $8.7B | 6.7% | — | — | — | 20.1x | — |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $41.72 a share, the company is worth $7.8B.
NNN Reit grew sales faster than 2 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0000751364). Data updated October 18, 2026. For information only — not investment advice. Check the original filings before relying on any figure.