NNN REIT, Inc. (NNN)Real Estate | REIT - Retail | Orlando, United States | NYSE
47.65 USD
+0.29
(0.621%)
⇧
(July 15, 2026, 2:08 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 7:04 a.m. EDT
The immediate outlook is mixed, with the stock hovering near its 52-week high despite a negative statistical forecast for the coming month. However, the fundamental picture reveals a critical warning sign: the company is paying out 116% of its earnings as dividends, which is mathematically unsustainable without dipping into cash reserves or cutting payouts. While the net-lease strategy and recent guidance increases provide some operational stability, the inability to generate enough free cash flow to cover these massive dividend payments suggests the yield is currently being subsidized by the balance sheet. This makes the high 5% yield a trap rather than a safety, capping the long-term investment thesis at neutral while leaving the short-term path uncertain. |
| Model | MAE |
|---|---|
| MSTL_90_126 ✓ | 0.016912 |
| MSTL_90 | 0.020165 |
| MSTL_126 | 0.022352 |
| AutoARIMA | 0.025965 |
| AutoETS | 0.025965 |
| AutoTheta | 0.026943 |
| MSTL | 0.026998 |
Forecast horizon: 60 days | Selected: MSTL_90_126
| Forecast Reliability | |
|---|---|
| Score | 57% |
| H-stat | 1.79 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.830 |
| Excess Kurtosis | -0.29 |
| Attribute | Value |
|---|---|
| Sector | Real Estate |
| Ex Dividend Date | 2026-04-29 |
| Last Dividend Date | 2026-04-29 |
| Debt to Equity Ratio | 110.44 |
| Revenue per Share | 4.973 |
| Market Cap | 9,066,067,968 |
| Trailing P/E | 23.25 |
| Forward P/E | 22.70 |
| Beta | 0.78 |
| Profit Margins | 41.38% |
| Previous Name | National Retail Properties, Inc. |
| Website | https://www.nnnreit.com |
As of July 11, 2026, 7:04 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume at the September expiration, suggesting a fear of a significant drop below the $40 strike. Conversely, call interest is concentrated in the money, indicating a belief that the stock will hold above current levels rather than surge. The implied volatility skew shows elevated premiums for downside protection compared to upside potential.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.37% | 5.75% | 5.65% | 5.30% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-04-30 | 0.600 | 1.370176 |
| 2026-01-30 | 0.600 | 1.439885 |
| 2025-10-31 | 0.600 | 1.482946 |
| 2025-07-31 | 0.600 | 1.454193 |
| 2025-04-30 | 0.580 | 1.410849 |
| 2025-01-31 | 0.580 | 1.472455 |
| 2024-10-31 | 0.580 | 1.335175 |
| 2024-07-31 | 0.580 | 1.292047 |
| 2024-04-29 | 0.565 | 1.390256 |
| 2024-01-30 | 0.565 | 1.392655 |
| 2023-10-30 | 0.565 | 1.596045 |
| 2023-07-28 | 0.565 | 1.319477 |
| 2023-04-27 | 0.550 | 1.282649 |
| 2023-01-30 | 0.550 | 1.172958 |
| 2022-10-28 | 0.550 | 1.313590 |
| 2022-07-28 | 0.550 | 1.168472 |
| 2022-04-28 | 0.530 | 1.157205 |
| 2022-01-28 | 0.530 | 1.221198 |
| 2021-10-28 | 0.530 | 1.148429 |
| 2021-07-29 | 0.530 | 1.090535 |
| 2021-04-29 | 0.520 | 1.116119 |
| 2021-01-28 | 0.520 | 1.296112 |
| 2020-10-29 | 0.520 | 1.596561 |
| 2020-07-30 | 0.520 | 1.469342 |
| 2020-04-29 | 0.515 | 1.585103 |
| 2020-01-30 | 0.515 | 0.911504 |
| 2019-10-30 | 0.515 | 0.882908 |
| 2019-07-30 | 0.515 | 0.979646 |
| 2019-04-29 | 0.500 | 0.962835 |
| 2019-01-30 | 0.500 | 0.959141 |
| 2018-10-30 | 0.500 | 1.050420 |
| 2018-07-30 | 0.500 | 1.129944 |
| 2018-04-27 | 0.475 | 1.236014 |
| 2018-01-30 | 0.475 | 1.222337 |
| 2017-10-30 | 0.475 | 1.182180 |
| 2017-07-27 | 0.475 | 1.165930 |
| 2017-04-26 | 0.455 | 1.053241 |
| 2017-01-27 | 0.455 | 1.053241 |
| 2016-10-27 | 0.455 | 1.015852 |
| 2016-07-27 | 0.455 | 0.885042 |
| 2016-04-27 | 0.435 | 0.983273 |
| 2016-01-27 | 0.435 | 1.036949 |
| 2015-10-28 | 0.435 | 1.128405 |
| 2015-07-29 | 0.435 | 1.179821 |
| 2015-04-28 | 0.420 | 1.051314 |
| 2015-01-28 | 0.420 | 0.969977 |
| 2014-10-29 | 0.420 | 1.128122 |
| 2014-07-29 | 0.420 | 1.151631 |
| 2014-04-28 | 0.405 | 1.175276 |
| 2014-01-29 | 0.405 | 1.245771 |
| 2013-10-29 | 0.405 | 1.164462 |
| 2013-07-29 | 0.405 | 1.127192 |
| 2013-04-26 | 0.395 | 1.008167 |
| 2013-01-29 | 0.395 | 1.236307 |
| 2012-10-31 | 0.395 | 1.246843 |
| 2012-07-27 | 0.395 | 1.352277 |
| 2012-04-26 | 0.385 | 1.407164 |
| 2012-01-27 | 0.385 | 1.416483 |
| 2011-10-27 | 0.385 | 1.411808 |
| 2011-07-27 | 0.385 | 1.533865 |
| 2011-04-27 | 0.380 | 1.457055 |
| 2011-01-27 | 0.380 | 1.524268 |
| 2010-10-27 | 0.380 | 1.405325 |
| 2010-07-28 | 0.380 | 1.627409 |
| 2010-04-28 | 0.375 | 1.589657 |
| 2010-01-27 | 0.375 | 1.830161 |
| 2009-10-28 | 0.375 | 1.928020 |
| 2009-07-29 | 0.375 | 1.951093 |
| 2009-04-28 | 0.375 | 2.148997 |
| 2009-01-28 | 0.375 | 2.310536 |
| 2008-10-29 | 0.375 | 2.320545 |
| 2008-07-29 | 0.375 | 1.791687 |
| 2008-04-28 | 0.375 | 1.597104 |
| 2008-01-29 | 0.355 | 1.582702 |
| 2007-10-29 | 0.355 | 1.438412 |
| 2007-07-27 | 0.355 | 1.709196 |
| 2007-04-26 | 0.355 | 1.450756 |
| 2007-01-29 | 0.335 | 1.426139 |
| 2006-10-27 | 0.335 | 1.508330 |
| 2006-07-27 | 0.335 | 1.637341 |
| 2006-04-26 | 0.325 | 1.547619 |
| 2006-01-27 | 0.325 | 1.441242 |
| 2005-10-27 | 0.325 | 1.757707 |
| 2005-07-27 | 0.325 | 1.565511 |
| 2005-04-27 | 0.325 | 1.710526 |
| 2005-01-27 | 0.325 | 1.752966 |
| 2004-10-27 | 0.325 | 1.667522 |
| 2004-07-28 | 0.325 | 1.912890 |
| 2004-04-28 | 0.320 | 1.897983 |
| 2004-01-28 | 0.320 | 1.787710 |
| 2003-10-29 | 0.320 | 1.842257 |
| 2003-07-29 | 0.320 | 1.802817 |
| 2003-04-28 | 0.320 | 1.963190 |
| 2003-01-29 | 0.320 | 2.153432 |
| 2002-10-29 | 0.320 | 2.039516 |
| 2002-07-29 | 0.320 | 1.987578 |
| 2002-04-26 | 0.315 | 2.147239 |
| 2002-01-29 | 0.315 | 2.382753 |
| 2001-10-29 | 0.315 | 2.410100 |
| 2001-07-27 | 0.315 | 2.347243 |
| 2001-04-26 | 0.315 | 2.571429 |
| 2001-01-29 | 0.315 | 2.680851 |
| 2000-10-27 | 0.315 | 3.092025 |
| 2000-07-27 | 0.310 | 2.934911 |
| 2000-04-26 | 0.310 | 2.850575 |
| 2000-01-27 | 0.310 | 3.024390 |
| 1999-10-27 | 0.310 | 2.802260 |
| 1999-07-28 | 0.310 | 2.710383 |
| 1999-04-28 | 0.310 | 2.361905 |
| 1999-01-27 | 0.310 | 2.296296 |
| 1998-10-28 | 0.310 | 2.110638 |
| 1998-07-29 | 0.310 | 1.976096 |
| 1998-04-28 | 0.310 | 1.893130 |
| 1998-01-28 | 0.300 | 1.714286 |
| 1997-10-29 | 0.300 | 1.860465 |
| 1997-07-29 | 0.300 | 1.967213 |
| 1997-04-28 | 0.300 | 2.033898 |
| 1997-01-29 | 0.300 | 1.920000 |
| 1996-10-29 | 0.300 | 2.201835 |
| 1996-07-29 | 0.300 | 2.201835 |
| 1996-04-26 | 0.290 | 2.209524 |
| 1996-01-10 | 0.290 | 2.252427 |
| 1995-10-13 | 0.290 | 2.230769 |
| 1995-07-27 | 0.290 | 2.297030 |
| 1995-04-24 | 0.290 | 2.391753 |
| 1995-01-25 | 0.290 | 2.416667 |
| 1994-10-25 | 0.290 | 2.442105 |
| 1994-07-25 | 0.290 | 2.148148 |
| 1994-04-25 | 0.280 | 2.018018 |
| 1994-01-25 | 0.280 | 2.055046 |
| 1993-10-04 | 0.280 | 2.018018 |
| 1993-07-26 | 0.280 | 2.093458 |
| 1993-04-26 | 0.270 | 2.000000 |
| 1993-01-25 | 0.270 | 2.204082 |
| 1992-10-26 | 0.270 | 2.273684 |
| 1992-07-27 | 0.270 | 2.634146 |
| 1992-04-24 | 0.270 | 2.634146 |
| 1992-01-27 | 0.270 | 2.769231 |
| 1991-10-25 | 0.270 | 2.958904 |
| 1991-07-25 | 0.260 | 2.736842 |
| 1991-04-19 | 0.260 | 2.888889 |
| 1991-01-25 | 0.260 | 3.250000 |
| 1990-10-25 | 0.260 | 3.354839 |
| 1990-04-23 | 0.250 | 3.225806 |
| Attribute | Value |
|---|---|
| 52 Week Change | 0.097566605 |
| Address1 | 450 South Orange Avenue |
| Address2 | Suite 900 |
| All Time High | 59.26 |
| All Time Low | 7.0 |
| Ask | 47.75 |
| Ask Size | 100 |
| Audit Risk | 1 |
| Average Analyst Rating | 2.9 - Hold |
| Average Daily Volume10 Day | 1,366,600 |
| Average Daily Volume3 Month | 1,822,249 |
| Average Volume | 1,822,249 |
| Average Volume10Days | 1,366,600 |
| Beta | 0.782 |
| Bid | 47.75 |
| Bid Size | 300 |
| Board Risk | 1 |
| Book Value | 23.103 |
| City | Orlando |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 2 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 47.6539 |
| Current Ratio | 0.157 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 48.125 |
| Day Low | 47.5 |
| Debt To Equity | 110.44 |
| Display Name | NNN REIT |
| Dividend Date | 1,778,803,200 |
| Dividend Rate | 2.4 |
| Dividend Yield | 5.07 |
| Earnings Call Timestamp End | 1,785,960,000 |
| Earnings Call Timestamp Start | 1,785,960,000 |
| Earnings Growth | -0.027 |
| Earnings Quarterly Growth | -0.026 |
| Earnings Timestamp | 1,785,933,000 |
| Earnings Timestamp End | 1,785,933,000 |
| Earnings Timestamp Start | 1,785,933,000 |
| Ebitda | 845,600,576 |
| Ebitda Margins | 0.90363 |
| Enterprise To Ebitda | 16.39 |
| Enterprise To Revenue | 14.811 |
| Enterprise Value | 13,859,706,880 |
| Eps Current Year | 2.03797 |
| Eps Forward | 2.0994 |
| Eps Trailing Twelve Months | 2.05 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,777,507,200 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 407 650 1044 |
| Fifty Day Average | 45.4222 |
| Fifty Day Average Change | 2.231701 |
| Fifty Day Average Change Percent | 0.049132384 |
| Fifty Two Week Change Percent | 9.75666 |
| Fifty Two Week High | 48.15 |
| Fifty Two Week High Change | -0.49610138 |
| Fifty Two Week High Change Percent | -0.010303248 |
| Fifty Two Week Low | 38.9 |
| Fifty Two Week Low Change | 8.753899 |
| Fifty Two Week Low Change Percent | 0.22503595 |
| Fifty Two Week Range | 38.9 - 48.15 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 466,176,600,000 |
| Five Year Avg Dividend Yield | 5.19 |
| Float Shares | 188,279,108 |
| Forward Eps | 2.0994 |
| Forward P E | 22.698818 |
| Free Cashflow | -1,393,406,976 |
| Full Exchange Name | NYSE |
| Full Time Employees | 85 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,782,864,000 |
| Gross Margins | 0.9596 |
| Gross Profits | 897,977,984 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.00863 |
| Held Percent Institutions | 0.97933 |
| Implied Shares Outstanding | 190,248,177 |
| Industry | REIT - Retail |
| Industry Disp | REIT - Retail |
| Industry Key | reit-retail |
| Ir Website | http://www.snl.com/irweblinkx/corporateprofile.aspx?iid=103064 |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Dividend Date | 1,777,507,200 |
| Last Dividend Value | 0.6 |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | NNN REIT, Inc. invests in high-quality properties subject generally to long-term, net leases with minimal ongoing capital expenditures. As of March 31, 2026, the Company owned 3,711 properties in all 50 states, the District of Columbia and Puerto Rico with a gross leasable area of approximately 39.6 million square feet and a weighted average remaining lease term of 10.1 years. NNN REIT, Inc. was incorporated in August 1984 in Maryland and is based in Orlando, Florida. |
| Long Name | NNN REIT, Inc. |
| Market | us_market |
| Market Cap | 9,066,067,968 |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_275573 |
| Most Recent Quarter | 1,774,915,200 |
| Name Change Date | 2,026-07-15 |
| Net Income To Common | 386,545,984 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 9,010,153,662 |
| Number Of Analyst Opinions | 15 |
| Open | 47.66 |
| Operating Cashflow | 650,880,000 |
| Operating Margins | 0.60551 |
| Overall Risk | 1 |
| Payout Ratio | 1.161 |
| Peg Ratio | 4.79 |
| Phone | 407 265 7348 |
| Prev Name | National Retail Properties, Inc. |
| Previous Close | 47.36 |
| Price Eps Current Year | 23.383022 |
| Price Hint | 2 |
| Price To Book | 2.0626714 |
| Price To Sales Trailing12 Months | 9.688216 |
| Profit Margins | 0.41384998 |
| Quick Ratio | 0.109 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | hold |
| Recommendation Mean | 2.88235 |
| Region | US |
| Regular Market Change | 0.29389954 |
| Regular Market Change Percent | 0.6205649 |
| Regular Market Day High | 48.125 |
| Regular Market Day Low | 47.5 |
| Regular Market Day Range | 47.5 - 48.125 |
| Regular Market Open | 47.66 |
| Regular Market Previous Close | 47.36 |
| Regular Market Price | 47.6539 |
| Regular Market Time | 1,784,138,892 |
| Regular Market Volume | 469,976 |
| Return On Assets | 0.03896 |
| Return On Equity | 0.0885 |
| Revenue Growth | 0.041 |
| Revenue Per Share | 4.973 |
| Sand P52 Week Change | 0.2043345 |
| Sector | Real Estate |
| Sector Disp | Real Estate |
| Sector Key | real-estate |
| Share Holder Rights Risk | 1 |
| Shares Outstanding | 190,248,177 |
| Shares Percent Shares Out | 0.0387 |
| Shares Short | 7,359,291 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 7,718,483 |
| Short Name | NNN REIT, Inc. |
| Short Percent Of Float | 0.0525 |
| Short Ratio | 3.72 |
| Source Interval | 15 |
| State | FL |
| Symbol | NNN |
| Target High Price | 50.0 |
| Target Low Price | 44.0 |
| Target Mean Price | 46.23333 |
| Target Median Price | 46.0 |
| Total Cash | 4,570,000 |
| Total Cash Per Share | 0.024 |
| Total Debt | 4,854,123,008 |
| Total Revenue | 935,782,976 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 2.38 |
| Trailing Annual Dividend Yield | 0.05025338 |
| Trailing Eps | 2.05 |
| Trailing P E | 23.245806 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 43.06515 |
| Two Hundred Day Average Change | 4.588749 |
| Two Hundred Day Average Change Percent | 0.106553644 |
| Type Disp | Equity |
| Volume | 469,976 |
| Website | https://www.nnnreit.com |
| Zip | 32,801-9803 |