Stock NNN NNN REIT, INC.
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Financials NNN REIT, Inc.

Equities

NNN

US6374171063

Commercial REITs

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-26 pm EDT 		5-day change 1st Jan Change
40.76 USD -0.66% Intraday chart for NNN REIT, Inc. +1.90% -5.43%
Apr. 16 NNN REIT Reports Increase in Unsecured Credit Facility to $1.2 Billion MT
Apr. 16 NNN REIT, Inc. Announces Expanded $1.2 Billion Unsecured Credit Facility CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 9,203 7,109 8,442 8,179 7,863 7,453 - -
Enterprise Value (EV) 1 12,057 10,063 12,017 12,092 12,219 11,962 12,047 12,148
P/E ratio 34.4 x 33.5 x 31.8 x 24.2 x 20 x 20.6 x 19.8 x 18.4 x
Yield 3.79% 5.06% 4.37% 4.72% 5.17% 5.6% 5.78% 6.06%
Capitalization / Revenue 13.7 x 10.8 x 11.6 x 10.6 x 9.5 x 8.62 x 8.18 x 7.89 x
EV / Revenue 18 x 15.2 x 16.5 x 15.6 x 14.8 x 13.8 x 13.2 x 12.9 x
EV / EBITDA 19.9 x 16.9 x 18.4 x 17.2 x 16.2 x 15 x 14.4 x 13.9 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 2.13 x 1.66 x 2.16 x 2.01 x 1.89 x 1.79 x 1.79 x 1.79 x
Nbr of stocks (in thousands) 171,638 173,728 175,617 178,733 182,440 182,850 - -
Reference price 2 53.62 40.92 48.07 45.76 43.10 40.76 40.76 40.76
Announcement Date 2/11/20 2/11/21 2/9/22 2/9/23 2/8/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 670.5 660.7 726.4 773.1 828.1 864.8 910.6 945.2
EBITDA 1 605.2 594.2 653.4 705.1 756 797.2 837.4 872.1
EBIT 1 416.3 397.5 426 481.2 517.4 546.4 572.3 592.3
Operating Margin 62.09% 60.17% 58.65% 62.25% 62.47% 63.18% 62.84% 62.66%
Earnings before Tax (EBT) 1 - - - 334.6 392.3 361 378 384.6
Net income 1 258.2 210.9 264.2 334.6 392.3 360.5 384.6 402.7
Net margin 38.51% 31.92% 36.37% 43.29% 47.38% 41.68% 42.24% 42.6%
EPS 2 1.560 1.220 1.510 1.890 2.160 1.978 2.055 2.210
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 2.030 2.070 2.100 2.160 2.230 2.283 2.357 2.470
Announcement Date 2/11/20 2/11/21 2/9/22 2/9/23 2/8/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 180.4 187.3 190.3 190.8 193.5 198.5 204.1 202.6 205.1 216.2 212 213.1 215.7 218.8 224.5
EBITDA 1 162.8 169.8 172 174.9 177.5 180.7 185 185.1 188.4 197.5 194.6 197.4 200.4 202.9 203.3
EBIT 1 106.9 109 114 117.4 121.1 123.4 125.9 125.2 128.9 137.4 134.5 135.8 137.9 139.7 138.5
Operating Margin 59.28% 58.23% 59.94% 61.55% 62.59% 62.15% 61.66% 61.78% 62.85% 63.54% 63.45% 63.71% 63.94% 63.84% 61.69%
Earnings before Tax (EBT) 1 82.93 - 81.37 74.16 88.42 90.66 90.17 98.7 106.8 96.68 89.1 90.22 90.27 91.43 -
Net income 1 78.45 65.13 81.37 74.17 88.42 90.66 90.17 98.7 106.8 96.68 88.11 89.83 91.71 93.11 94.29
Net margin 43.5% 34.78% 42.76% 38.88% 45.7% 45.67% 44.18% 48.71% 52.06% 44.71% 41.55% 42.15% 42.52% 42.55% 42%
EPS 2 0.4500 0.3700 0.4600 0.4200 0.5000 0.5000 0.5000 0.5400 0.5900 0.5300 0.4880 0.4925 0.4975 0.5000 0.4967
Dividend per Share 2 0.5300 0.5300 0.5300 0.5300 0.5500 0.5500 0.5500 0.5500 - 0.5650 0.5650 0.5650 0.5725 0.5810 0.5800
Announcement Date 11/2/21 2/9/22 5/3/22 8/3/22 11/2/22 2/9/23 5/2/23 8/2/23 11/1/23 2/8/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,854 2,954 3,575 3,914 4,355 4,509 4,594 4,695
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.715 x 4.971 x 5.472 x 5.551 x 5.761 x 5.656 x 5.486 x 5.383 x
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 6.09% 5.29% 6.43% 8.34% 9.48% 8.62% 8.85% 8.93%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 25.20 24.60 22.20 22.70 22.80 22.70 22.70 22.70
Cash Flow per Share - - - 3.270 - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/11/20 2/11/21 2/9/22 2/9/23 2/8/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for NNN REIT, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
40.76 USD
Average target price
44.05 USD
Spread / Average Target
+8.06%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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