(NNN) National Retail Properties - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US6374171063
Stock: Retail Properties, Net Leases, Long-Term Leases
Total Rating 43
Risk 54
Buy Signal 0.16
| Risk 5d forecast | |
|---|---|
| Volatility | 17.6% |
| Relative Tail Risk | -0.44% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.44 |
| Alpha | 9.64 |
| Character TTM | |
|---|---|
| Beta | -0.091 |
| Beta Downside | -0.019 |
| Drawdowns 3y | |
|---|---|
| Max DD | 22.03% |
| CAGR/Max DD | 0.28 |
EPS (Earnings per Share)
Revenue
Description: NNN National Retail Properties March 04, 2026
National Retail Properties Inc. (NNN) is a Retail REIT that acquires and manages single-tenant properties under long-term net leases. This structure minimizes landlord capital expenditures, as tenants are responsible for most property-related costs.
As of December 31, 2025, NNNs portfolio included 3,692 properties across all U.S. states and territories, totaling 39.6 million square feet. The average remaining lease term was 10.2 years, providing stable income streams.
NNN has a track record of dividend growth, having increased annual dividends for 36 consecutive years. Further research on ValueRay can provide more detailed financial and operational data.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 389.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -0.05 > 1.0 |
| NWC/Revenue: -33.97% < 20% (prev 2.94%; Δ -36.91% < -1%) |
| CFO/TA 0.07 > 3% & CFO 667.1m > Net Income 389.8m |
| Net Debt (4.82b) to EBITDA (861.4m): 5.59 < 3 |
| Current Ratio: 0.19 > 1.5 & < 3 |
| Outstanding Shares: last quarter (189.2m) vs 12m ago 1.29% < -2% |
| Gross Margin: 81.23% > 18% (prev 0.96%; Δ 8027 % > 0.5%) |
| Asset Turnover: 10.15% > 50% (prev 9.80%; Δ 0.35% > 0%) |
| Interest Coverage Ratio: 2.92 > 6 (EBITDA TTM 861.4m / Interest Expense TTM 203.2m) |
Altman Z'' -0.28
| A: -0.03 (Total Current Assets 74.0m - Total Current Liabilities 388.7m) / Total Assets 9.38b |
| B: -0.09 (Retained Earnings -882.7m / Total Assets 9.38b) |
| C: 0.06 (EBIT TTM 593.0m / Avg Total Assets 9.13b) |
| D: -0.18 (Book Value of Equity -887.1m / Total Liabilities 4.97b) |
| Altman-Z'' Score: -0.28 = B |
Beneish M -2.94
| DSRI: 0.97 (Receivables 38.4m/37.0m, Revenue 926.2m/869.3m) |
| GMI: 1.19 (GM 81.23% / 96.28%) |
| AQI: 0.87 (AQ_t 0.01 / AQ_t-1 0.01) |
| SGI: 1.07 (Revenue 926.2m / 869.3m) |
| TATA: -0.03 (NI 389.8m - CFO 667.1m) / TA 9.38b) |
| Beneish M-Score: -2.94 (Cap -4..+1) = A |
What is the price of NNN shares?
As of March 06, 2026, the stock is trading at USD 45.00 with a total of 1,038,466 shares traded.
Over the past week, the price has changed by +0.04%, over one month by +4.94%, over three months by +13.54% and over the past year by +10.90%.
Over the past week, the price has changed by +0.04%, over one month by +4.94%, over three months by +13.54% and over the past year by +10.90%.
Is NNN a buy, sell or hold?
National Retail Properties has received a consensus analysts rating of 3.17.
Therefor, it is recommend to hold NNN.
- StrongBuy: 1
- Buy: 3
- Hold: 12
- Sell: 2
- StrongSell: 0
What are the forecasts/targets for the NNN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 45 | 0.1% |
| Analysts Target Price | 45 | 0.1% |
NNN Fundamental Data Overview March 03, 2026
P/E Trailing = 21.8937
P/E Forward = 21.692
P/S = 9.2938
P/B = 1.9527
P/EG = 4.92
Revenue TTM = 926.2m USD
EBIT TTM = 593.0m USD
EBITDA TTM = 861.4m USD
Long Term Debt = 4.47b USD (from longTermDebt, last quarter)
Short Term Debt = 348.1m USD (from shortTermDebt, last quarter)
Debt = 4.82b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.82b USD (from netDebt column, last quarter)
Enterprise Value = 13.42b USD (8.61b + Debt 4.82b - CCE 5.05m)
Interest Coverage Ratio = 2.92 (Ebit TTM 593.0m / Interest Expense TTM 203.2m)
EV/FCF = 20.12x (Enterprise Value 13.42b / FCF TTM 667.1m)
FCF Yield = 4.97% (FCF TTM 667.1m / Enterprise Value 13.42b)
FCF Margin = 72.03% (FCF TTM 667.1m / Revenue TTM 926.2m)
Net Margin = 42.08% (Net Income TTM 389.8m / Revenue TTM 926.2m)
Gross Margin = 81.23% ((Revenue TTM 926.2m - Cost of Revenue TTM 173.8m) / Revenue TTM)
Gross Margin QoQ = 38.56% (prev none%)
Tobins Q-Ratio = 1.43 (Enterprise Value 13.42b / Total Assets 9.38b)
Interest Expense / Debt = 1.11% (Interest Expense 53.3m / Debt 4.82b)
Taxrate = 21.0% (US default 21%)
NOPAT = 468.4m (EBIT 593.0m * (1 - 21.00%))
Current Ratio = 0.19 (Total Current Assets 74.0m / Total Current Liabilities 388.7m)
Debt / Equity = 1.09 (Debt 4.82b / totalStockholderEquity, last quarter 4.41b)
Debt / EBITDA = 5.59 (Net Debt 4.82b / EBITDA 861.4m)
Debt / FCF = 7.22 (Net Debt 4.82b / FCF TTM 667.1m)
Total Stockholder Equity = 4.39b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.27% (Net Income 389.8m / Total Assets 9.38b)
RoE = 8.89% (Net Income TTM 389.8m / Total Stockholder Equity 4.39b)
RoCE = 6.69% (EBIT 593.0m / Capital Employed (Equity 4.39b + L.T.Debt 4.47b))
RoIC = 5.15% (NOPAT 468.4m / Invested Capital 9.09b)
WACC = 4.51% (E(8.61b)/V(13.43b) * Re(6.54%) + D(4.82b)/V(13.43b) * Rd(1.11%) * (1-Tc(0.21)))
Discount Rate = 6.54% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 1.99%
[DCF] Terminal Value 86.71% ; FCFF base≈654.5m ; Y1≈680.0m ; Y5≈777.3m
[DCF] Fair Price = 96.19 (EV 23.09b - Net Debt 4.82b = Equity 18.27b / Shares 189.9m; r=5.90% [WACC]; 5y FCF grow 4.10% → 2.90% )
EPS Correlation: 17.02 | EPS CAGR: 2.20% | SUE: 0.54 | # QB: 0
Revenue Correlation: 98.23 | Revenue CAGR: 6.20% | SUE: 1.69 | # QB: 1
EPS next Quarter (2026-06-30): EPS=0.51 | Chg7d=+0.000 | Chg30d=+0.001 | Revisions Net=+1 | Analysts=3
EPS current Year (2026-12-31): EPS=2.05 | Chg7d=+0.007 | Chg30d=+0.005 | Revisions Net=+0 | Growth EPS=+3.0% | Growth Revenue=+5.7%
EPS next Year (2027-12-31): EPS=2.11 | Chg7d=+0.017 | Chg30d=+0.018 | Revisions Net=+2 | Growth EPS=+3.2% | Growth Revenue=+4.8%
[Analyst] Revisions Ratio: +1.00 (1 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 3.4% (Discount Rate 7.9% - Earnings Yield 4.6%)
[Growth] Growth Spread = +3.8% (Analyst 7.1% - Implied 3.4%)
P/E Forward = 21.692
P/S = 9.2938
P/B = 1.9527
P/EG = 4.92
Revenue TTM = 926.2m USD
EBIT TTM = 593.0m USD
EBITDA TTM = 861.4m USD
Long Term Debt = 4.47b USD (from longTermDebt, last quarter)
Short Term Debt = 348.1m USD (from shortTermDebt, last quarter)
Debt = 4.82b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.82b USD (from netDebt column, last quarter)
Enterprise Value = 13.42b USD (8.61b + Debt 4.82b - CCE 5.05m)
Interest Coverage Ratio = 2.92 (Ebit TTM 593.0m / Interest Expense TTM 203.2m)
EV/FCF = 20.12x (Enterprise Value 13.42b / FCF TTM 667.1m)
FCF Yield = 4.97% (FCF TTM 667.1m / Enterprise Value 13.42b)
FCF Margin = 72.03% (FCF TTM 667.1m / Revenue TTM 926.2m)
Net Margin = 42.08% (Net Income TTM 389.8m / Revenue TTM 926.2m)
Gross Margin = 81.23% ((Revenue TTM 926.2m - Cost of Revenue TTM 173.8m) / Revenue TTM)
Gross Margin QoQ = 38.56% (prev none%)
Tobins Q-Ratio = 1.43 (Enterprise Value 13.42b / Total Assets 9.38b)
Interest Expense / Debt = 1.11% (Interest Expense 53.3m / Debt 4.82b)
Taxrate = 21.0% (US default 21%)
NOPAT = 468.4m (EBIT 593.0m * (1 - 21.00%))
Current Ratio = 0.19 (Total Current Assets 74.0m / Total Current Liabilities 388.7m)
Debt / Equity = 1.09 (Debt 4.82b / totalStockholderEquity, last quarter 4.41b)
Debt / EBITDA = 5.59 (Net Debt 4.82b / EBITDA 861.4m)
Debt / FCF = 7.22 (Net Debt 4.82b / FCF TTM 667.1m)
Total Stockholder Equity = 4.39b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.27% (Net Income 389.8m / Total Assets 9.38b)
RoE = 8.89% (Net Income TTM 389.8m / Total Stockholder Equity 4.39b)
RoCE = 6.69% (EBIT 593.0m / Capital Employed (Equity 4.39b + L.T.Debt 4.47b))
RoIC = 5.15% (NOPAT 468.4m / Invested Capital 9.09b)
WACC = 4.51% (E(8.61b)/V(13.43b) * Re(6.54%) + D(4.82b)/V(13.43b) * Rd(1.11%) * (1-Tc(0.21)))
Discount Rate = 6.54% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 1.99%
[DCF] Terminal Value 86.71% ; FCFF base≈654.5m ; Y1≈680.0m ; Y5≈777.3m
[DCF] Fair Price = 96.19 (EV 23.09b - Net Debt 4.82b = Equity 18.27b / Shares 189.9m; r=5.90% [WACC]; 5y FCF grow 4.10% → 2.90% )
EPS Correlation: 17.02 | EPS CAGR: 2.20% | SUE: 0.54 | # QB: 0
Revenue Correlation: 98.23 | Revenue CAGR: 6.20% | SUE: 1.69 | # QB: 1
EPS next Quarter (2026-06-30): EPS=0.51 | Chg7d=+0.000 | Chg30d=+0.001 | Revisions Net=+1 | Analysts=3
EPS current Year (2026-12-31): EPS=2.05 | Chg7d=+0.007 | Chg30d=+0.005 | Revisions Net=+0 | Growth EPS=+3.0% | Growth Revenue=+5.7%
EPS next Year (2027-12-31): EPS=2.11 | Chg7d=+0.017 | Chg30d=+0.018 | Revisions Net=+2 | Growth EPS=+3.2% | Growth Revenue=+4.8%
[Analyst] Revisions Ratio: +1.00 (1 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 3.4% (Discount Rate 7.9% - Earnings Yield 4.6%)
[Growth] Growth Spread = +3.8% (Analyst 7.1% - Implied 3.4%)