NNN Reit (NNN)
Real Estate · Retail REITs · NYSE
NNN REIT is a diversified retail-focused real estate investment trust that generates stable, long-term rental income through net lease agreements with retail tenants across the United States.
What NNN Reit does
NNN REIT is a real estate investment trust that acquires, owns, invests in, and develops properties that are leased primarily to retail tenants under long-term, net lease agreements. The company maintains a diversified portfolio of freestanding retail properties across the United States. Its business model focuses on stable, long-term rental income streams from a broad base of retail operators.
Themes: retail real estate, net lease portfolio, dividend income, property management
Fundamentals
- Price$45.83 as of 2026-08-21 close
- Market cap$8.8B as of 2026-08-21
- 1-year return+8.8% 2025-08-21 close $42.13 → 2026-08-21 close $45.83
- P/E23.02 as of 2026-08-24
- Net margin+40.4% as of 2026-08-24
- Gross margin+96.1% as of 2026-08-24
- ROE+8.7% as of 2026-08-24
- Debt / equity1.12 as of 2026-08-24
- Revenue growth (YoY)+6.5% as of 2026-08-24
- Revenue CAGR (3y)+6.2% SEC XBRL
- Beta0.76 as of 2026-08-24
- Last reported earnings2026-08-05 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +5.7%; at least 5 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How NNN compares in its sector
- price-to-earnings ratiomiddle range 127 covered Real Estate peers, as of 2026-08-24
- net profit margintop 25% 161 covered Real Estate peers, as of 2026-08-24
- operating margintop 10% 161 covered Real Estate peers, as of 2026-08-24
- gross margintop 10% 156 covered Real Estate peers, as of 2026-08-24
- return on equitymiddle range 162 covered Real Estate peers, as of 2026-08-24
- 3-year revenue CAGRmiddle range 155 covered Real Estate peers
- indicated dividend yieldmiddle range 138 covered Real Estate peers, as of 2026-08-24
Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
NNN is not currently in any published Top 10 list. Its scores are below.
Long-term score
55.1 #323 of 987 scored · #22 of 84 in Real Estate
Capital return 71st (consecutive years of dividend increases 5 years) and valuation 69th (price to earnings 22.5, price to book 2); weakest is financial health (34th, debt to equity 1.1).
Short-term score
40.7 #1362 of 1,704 scored · #70 of 94 in Real Estate
Catalysts 60th: analysts have raised their average price target by 2.3% since the prior reading; setup 48th: no Elliott-wave labelling currently fits its swings; weakest is volume and participation 17th: trading volume is about normal versus its 30-day average.
Scores as of 21 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 2.
Dividend coverage (FY2025)
Exceeded at least one reported measure. In FY2025, NNN's dividend exceeded at least one reported measure of what it earned or generated (earnings payout 114%, operating-cash-flow payout 66%). A payout above 100% in one year is not necessarily unsustainable, but it is not fully covered by that measure.
- Earnings payout114% dividends / net income
- Operating-cash-flow payout66% dividends / operating cash flow — capital spending was not reported, so this does not subtract it
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How NNN Reit looks technically
NNN Reit (NNN) is trading 4.9% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 112 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 16, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 40, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 9 trading days ago.
Trend
8
| Distance from the 200-day | it is trading 4.9% above its 200-day average, the long-term trend line — a longer-term uptrend | +4.9% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $47.05 | $47.05 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $43.67 | $43.67 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing low 9 calendar days ago — the swings before that are what the structure reading is measured on | 9 sessions |
| Wave structure | its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes below 45.285. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C. | possible upward five-wave sequence, in wave 3 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 112 trading days ago — a "golden cross", a bullish long-term signal | 112 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 16, below the 25 that marks a real trend) | 15.9 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 40, neither overbought (above 70) nor oversold (below 30) | 40.5 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($45.28 to $48.01) — its "stochastic" reading is 20 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 20.0 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) | 18 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $50.00 | $50.00 |
|---|---|---|
| From the 52-week high | it is 8.3% below its 52-week high (its highest price of the past year) | -8.3% |
| Above the 52-week low | it is 17.8% above its 52-week low (its lowest price of the past year) | +17.8% |
| Below the 52-week high | it is 8.3% below its highest point of the past year | 8.3% |
| Since a 20-day breakout | it made a new 20-day low about 9 trading days ago | 9 sessions |
| Since a 55-day breakout | it made a new 55-day high about 26 trading days ago | 26 sessions |
| All-time high | its highest closing price on record is $59.26 (set on 2019-10-31) | $59.26 |
| Given back of the 52-week move | over the past year its closes ranged ($39.05 to $49.59), and it has given back roughly a third of its rise from last year’s low — 36% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $42.74 to $43.08. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 35.7% |
| From the all-time high | it is 22.7% below its all-time high | -22.7% |
| Nearest price level | it is trading 0.7% below a resistance level at $46.16 — a price it turned at twice since 2026-03-02, most recently on 2026-07-10. Since 2024-08-21 it has 7 such levels below the current price and 4 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +0.7% |
| All-time low | its lowest closing price on record is $10.03 (set on 2008-11-21) | $10.03 |
| Above the all-time low | it is 356.9% above its all-time low | +356.9% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are wider than usual versus its own recent 6-month history (wider than about 75% of it) | 75th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.7756 between its high and its low — about 1.7% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.7756 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $44.61 and $49.15 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $44.61 – $46.88 – $49.15 |
| Typical daily range (% of price) | its price moves about 1.7% in a typical session — among the calmest in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 1.7% |
| Stretch from the 200-day average | it is trading 2.8 daily ranges above its 200-day average price (4.9% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 2.8 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.62× |
|---|
Analyst
2
| Change in the average price target | analysts have raised their average price target by 0.2% since the prior reading | +0.2% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
1
| Since a bearish engulfing | 3 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 3 sessions ago |
|---|
Price gaps
1
| Gap at the open | it opened on 2026-08-21 0.1% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.1% |
|---|
Price streaks
1
| Closing streak | it has closed lower 2 sessions in a row, a -0.89% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 2 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 8.9 percentage points (the stock lost 6.6% while the market gained 2.3%) | -8.9% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 1.2 percentage points (the stock gained 1.9% while the market gained 3.1%) | -1.2% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 7.7 percentage points (the stock gained 3.3% while the market gained 11.1%) | -7.7% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 11.7 percentage points (the stock gained 8.8% while the market gained 20.5%) | -11.7% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bearish state: MACD momentum is negative, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 3 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 0.5% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 3.0% of the share price. | -0.5% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 3% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $44.64 — a volume-weighted average of daily closes over 150 sessions, not a true tick-by-tick VWAP. | +2.7% |
|---|---|---|
| Vs the average paid since it last reported | the price is 1% below the average price paid since it last reported on 2026-08-05 (its 10-Q), so the typical buyer over that stretch is under water. That average is $46.20 — a volume-weighted average of daily closes over 13 sessions, not a true tick-by-tick VWAP. | -0.8% |
Price levels it has turned at before
NNN last closed at $45.83 on 2026-08-21. Since 2024-08-21 it has turned at 7 prices below its last close and 4 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $46.16 | Resistance | 0.7% above the last close | turned there twice · 2026-03-02 to 2026-07-10 |
| $45.22 | Support | 1.3% below the last close | turned there 7 times · 2024-11-29 to 2026-08-12 |
| $47.04 | Resistance | 2.6% above the last close | turned there three times · 2024-09-19 to 2026-06-11 |
| $44.10 | Support | 3.8% below the last close | turned there three times · 2025-03-10 to 2025-07-15 |
| $43.10 | Support | 6.0% below the last close | turned there 10 times · 2025-04-01 to 2026-05-15 |
| $48.69 | Resistance | 6.2% above the last close | turned there three times · 2024-09-16 to 2026-07-07 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.
This labelling fails — stops being a possible reading at all — if it closes below $45.28.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $52.48 and $56.93 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close below $45.28.
This reading has stood for 3 trading days, since 2026-08-19.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · trendless / choppy (low ADX) · lagging the market · Least volatile (2% or less typical daily range) · At the bottom of its 14-day range (stochastic below 20) · Trading below the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · breakout
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingHold (2.94 mean, 1=Strong Buy…5=Strong Sell) — 15 analysts
- Mean price target$47.80 range $45.00 – $50.50; median $48.00
Analyst estimates, as of 2026-08-23. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for NNN
- Consensus EPS estimate$0.5264 next reporting period, as of 2026-08-23
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Sensitivity to interest rate fluctuations affecting debt financing and cost of capital.","Concentration risk and credit risk related to the financial health of retail tenants.","Potential for property impairment losses and shifts in the retail landscape impacting occupancy."]
What changed in the latest 10-Q
AI-assisted comparison of NNN's 10-Q filed 2026-04-30 against the prior one filed 2025-11-04.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-04-30) references 'Annual Report on Form 10-K of NNN REIT, Inc. for the year ended December 31, 2025' instead of 2024
- Removed:
- Older filing (2025-11-04) contained detailed risk factors list with 28+ bullet points including: inflation and tariffs, loss of rent, property disposal strategy, lease/loan enforceability, natural disasters, management control limitations, bankruptcy/vacancy impacts, cloud computing dependence, international markets, borrower defaults, joint ventures/partnerships, debt restrictions, covenant compliance, dividend payment ability, equity dilution, environmental liabilities, REIT distribution requirements, share ownership restrictions, governmental compliance costs, ADA compliance, key personnel loss, internal control effectiveness, epidemics/pandemics, terrorism/war, accounting pronouncements, equity/debt market volatility, and tax changes
- Newer filing (2026-04-30) ends abruptly at 'the other risks identified in "' without completing the reference or listing the detailed risk factors present in older filing
- Reworded:
- Older opening reference changed from 2024 Annual Report to 2025 Annual Report (reflects fiscal year progression between filings)
- Risk factor language significantly condensed: older filing had expansive, detailed descriptions; newer filing has shorter bullet-point format with incomplete text
- Notes:
- Newer filing text appears truncated or incomplete at the end ('the other risks identified in "'), making full comparison impossible
- The newer filing's MD&A section as provided may not be complete; the full text likely continues beyond what is shown
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days.
- Last 180 days0 buys · 2 sells ($2M) — 2 selling insiders
Most recent open-market transaction: 2026-03-09. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about NNN's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Congressional trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 2 matched disclosures for NNN from U.S. House Clerk Periodic Transaction Report filings.
Congressional trading disclosures →Short interest (FINRA)
NNN had 7,441,979 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
NNN had 3.88% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 4.81 days to cover at the same settlement.
- Reported short interest (shares) 7,441,979
- Short interest (% of shares outstanding) 3.88%
- Prior settlement (shares) 7,231,687
- Reported change 2.91%
- Days to cover (reported) 4.81
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Realty Income (O)
- Agree Realty (ADC)
- National Retail Properties (NNN)
- Spirit Realty Capital (SRC)
- STORE Capital (STOR)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does NNN Reit (NNN) do?
NNN REIT is a real estate investment trust that acquires, owns, invests in, and develops properties that are leased primarily to retail tenants under long-term, net lease agreements. The company maintains a diversified portfolio of freestanding retail properties across the United States. Its business model focuses on stable, long-term rental income streams from a broad base of retail operators.
What sector is NNN Reit (NNN) in?
NNN Reit (NNN) is classified in the Real Estate sector. Its industry is Retail REITs. It trades on NYSE.
Does NNN pay a dividend?
Yes — NNN Reit (NNN) pays a dividend, with an indicated yield of about 5.71% and at least 5 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-08-24). Informational only — not financial advice.
Who are NNN Reit's (NNN) competitors?
Notable peers of NNN Reit (NNN) include Realty Income, Agree Realty, National Retail Properties, Spirit Realty Capital and STORE Capital. This peer set is informational only — not financial advice.
Has there been recent Congressional stock trading in NNN?
Yes — we hold 2 matched STOCK Act disclosures for NNN from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is NNN Reit (NNN) overbought or oversold right now?
NNN Reit (NNN) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 40, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on NNN come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.