NNN
Nnn REIT, Inc.
$47.36
+0.59 (+1.26%)
At close · Jul 13
Market Cap
$9.00B
Shares
189,939,441
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$47.36
Open$46.98
Day$46.98–47.47
52W$38.34–48.15
Avg vol 30d1.7M
Short int7.4M · 3.9% float · 3.8d
Short vol30%
Last earningsJun 25, 2026
DataJan 2020–Jul 2026
Filing10-Q · Apr 30
Up next
Next earnings call
Sep 22, 2026
Est · unconfirmed
· in 10 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Apr 30, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment advice
Overall
Strong Buy
SellHoldBuy
Technical
Buy
Momentum
Very Strong
Sentiment
Bullish
Fundamentals
Weak
Quant / Vol
Very Low
Market backdrop
VIX 16.5 · calm
Equity put/call 0.62
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+10%
above
Price vs 50-day avg
+4%
above
RSI (14)
59
neutral
MACD trend
Negative
52-week position
92%
near high
Momentum
relative strength
1-month return
+3%
trailing
6-month return
+13%
trailing
YTD return
+21%
this year
Relative strength
+4%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $45 › 200d $43 — 50d above 200d
Institutional flow
Accumulating
32 of 541 funds reported for Jun 30 · net +54.6K sh shares · +4 new
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
3.87% of float · ▼ -4.6% MoM · 3.8 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
541 holders — near 3-yr high, broad support
Squeeze score
67
elevated · 0–100
Fundamentals
Revenue growth
+7%
Y/Y
EPS growth
−4%
Y/Y
Valuation
P/E 22.9
below peers
Balance sheet
$195.0M
net debt
Quant / Vol
risk profile
Volatility
17%
annualized · 1-yr
Max drawdown
−9%
past year
ATR
1.8%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Beat or met 4 of last 4
Latest guidance
· from the 8-K filed Apr 30, 2026
Net earnings per share excluding any gains on disposition of rea
· 2026
Initiated
$2.02 – $2.08
Real estate depreciation and amortization per share
· 2026
Raised
$1.46
Core FFO per share
· 2026
Initiated
$3.48 – $3.54
AFFO per share
· 2026
Maintained
$3.53 – $3.59
Guided vs delivered
· last 4 settled
Net earnings per share excluding any gains on disposition of rea
2025
$2.07
Beat +5.9%
Net earnings per share excluding any gains on disposition of rea
2024
$2.15
Beat +10.3%
Net earnings per share
2023
$2.16
Beat +13.7%
Net earnings per share
2022
$1.89
In line
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+10%
Bullish
Price vs 50-day avg
+4%
Bullish
RSI (14)
59
Neutral
MACD trend
Negative
Bearish
52-week position
92%
Bullish
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross)
No cross
50d $45 › 200d $43 — 50d above 200d
Institutional flow
Accumulating
32 of 541 funds reported for Jun 30 · net +54.6K sh shares · +4 new
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
3.87% of float · ▼ -4.6% MoM · 3.8 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
541 holders — near 3-yr high, broad support
Price context
position in its 52-week range
52-wk low $38
Now $47 · 92%
52-wk high $48
vs 200-day avg +10%
vs 50-day avg +4%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from its earnings releases, calls, and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| ABR | 934.6M | Q1 2026 | — |
| AFFO non-GAAP | 165,679K | Q1 2026 | — |
GAAP → non-GAAP reconciliationGAAP Core FFO 163,584K
-1,291K Straight-line accrued rent, net of reserves
+46K Net capital lease rent adjustment
-126K Below-market rent amortization
+4,046K Stock based compensation expense
-580K Capitalized interest expense
= AFFO 165,679K
|
|||
| AFFO payout ratio non-GAAP | 69% | Q1 2026 | — |
| AFFO per share non-GAAP | $0.87 | Q1 2026 | — |
|
|
|||
| Core FFO non-GAAP | 163,584K | Q1 2026 | — |
GAAP → non-GAAP reconciliationGAAP FFO 163,150K
+434K Retirement and severance costs
= Core FFO 163,584K
|
|||
| Core FFO per share non-GAAP | $0.86 | Q1 2026 | — |
|
|
|||
| FFO non-GAAP | 163,150K | Q1 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net earnings 93,951K
+70,704K Real estate depreciation and amortization
-12,185K Gain on disposition of real estate
+10,680K Impairment losses – depreciable real estate, net of recoveries
= FFO 163,150K
|
|||
| FFO per share non-GAAP | $0.86 | Q1 2026 | — |
| Fixed charge coverage non-GAAP | 4.1 | Q1 2026 | — |
| Net Debt to annualized EBITDAre non-GAAP | 5.7 | Q1 2026 | — |
| Number of properties | 3,711 | Q1 2026 | — |
| Total available liquidity | 1.2B | Q1 2026 | — |
| Weighted average debt maturity | 10.5 | Q1 2026 | — |
| annualized base rent | $935M | Q1 2026 call | — |
| annualized dividend yield | 5.7% | Q1 2026 call | — |
| bad debt as percentage of ABR | 15 | Q1 2026 call | — |
| cash G&A margin | 4.2% | Q1 2026 call | — |
| credit facility drawn | $80M | Q1 2026 call | — |
| debt duration | 10.5 | Q1 2026 call | — |
| disposition proceeds | $36M | Q1 2026 call | — |
| dividend year-over-year growth | 3.4% | Q1 2026 call | — |
| floating rate debt percentage | 1.6% | Q1 2026 call | — |
| free cash flow after dividend | $52M | Q1 2026 call | — |
| G&A as a percentage of total revenue | 5.9% | Q1 2026 call | — |
| initial cash yield | 7.5% | Q1 2026 call | — |
| lease duration | 10.1 | Q1 2026 call | — |
| lease renewals | 36 | Q1 2026 call | — |
| NOI margin | 95.9% | Q1 2026 call | — |
| occupancy | 98.6% | Q1 2026 call | — |
| pro forma net debt to EBITDA | 5.6 | Q1 2026 call | — |
| properties acquired | 41 | Q1 2026 call | — |
| properties in portfolio | 3,700 | Q1 2026 call | — |
| properties sold | 25 | Q1 2026 call | — |
| rent rate increase on new tenant leases | 10% | Q1 2026 call | — |
| rental rate increase on renewals | 2% | Q1 2026 call | — |
| total investment | $145M | Q1 2026 call | — |
| weighted average lease term on acquisitions | 19 | Q1 2026 call | — |
| Occupancy rate | 98.3% | December 31, 2025 | — |
Figures exactly as the company stated them · click a metric with a to chart its history · period links open the stating document · "call" marks figures stated on the earnings call, "filing" figures stated in the 10-K/10-Q · YoY needs the prior-year figure on file
Versus peers
REIT - Retail — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
NNN
this stock
Nnn REIT, Inc.
|
$9.00B | +21.2% | +6.6% | 22.9 | 3.9% |
|
SPG
Simon Property Group Inc.
|
$71.76B | +20.9% | +6.9% | 15.4 | 3.3% |
|
O
Realty Income Corp
|
$59.47B | +16.1% | +22.0% | 52.3 | 4.7% |
|
KIM
Kimco Realty Corp
|
$17.03B | +26.0% | +5.1% | — | 4.9% |
|
UNBLF
Unibail-Rodamco SE/ADR
|
$16.96B | +7.7% | — | — | 0.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| NNN | +0.8% | +2.7% | +12.7% | +1.8% | +21.3% |
| SPY | -0.3% | +1.6% | +8.3% | +0.3% | +9.9% |
| vs SPY | +1.1% | +1.2% | +4.4% | +1.5% | +11.4% |
Capital returns
Latest dividend
$0.60
/ share · ex Apr 30, 2026
Paid (TTM)
$2.40
/ share · 4 payouts
Dividend yield (TTM, derived)
5.07%
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
751364
CUSIP
637417106
13F (30d)
48 filings
35 filers
Visit website
Investor relations