NNN REIT (NNN)

Real Estate · REIT - Retail
$40.51 +0.32% on the day Market cap $7.9B 52-week range $38.90 to $50.00 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

NNN REIT's free cash flow isn't comparable to its market value here, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

C

Five factors scored 1 to 9 from NNN's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation6
Profitability7
Growth2
Financial health3

Key numbers

P/E (trailing)19.6x
P/E (forward)19.9x
Price / free cash flow11.8x
EV / EBITDA15.3x
Price / sales8.49x
Price / book1.79x
Revenue growth+6.5%
Operating margin63.6%
Net margin42.1%
Return on equity8.7%
Dividend yield5.8%
Debt / equity1.15x

Results from SEC filings

Fiscal years, from NNN REIT's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20212022202320242025
Revenue$726M$773M$828M$869M$926M
Net income$290M$335M$392M$397M$390M
Free cash flow—————
EPS (diluted)$1.51$1.89$2.16$2.15$2.07
Operating margin61.8%62.4%67.0%66.5%63.6%

Superinvestors who own NNN

From each investor's latest 13F filing (what a 13F shows). 3 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Cliff Asness
AQR Capital Management
Added $455M0.16%Q2 2026
Hersh Cohen
ClearBridge Investments
Trimmed $38M0.03%Q2 2026
Joel Greenblatt
Gotham Asset Management
Trimmed $22M0.05%Q2 2026

Insider buying

Open-market purchases by NNN REIT's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of NNN in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are NNN REIT insiders buying the stock?

No open-market insider purchases of NNN in the last 12 months, according to SEC Form 4 filings.

Which superinvestors own NNN REIT?

3 of the superinvestors Investingly tracks hold NNN in their latest 13F, including Cliff Asness, Hersh Cohen, Joel Greenblatt.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.