NNN REIT, Inc. NNN
NNN REIT primarily allocates capital to top-tier retail real estate, generally held under extended net lease contracts. As of September 30, 2020, their holdings encompassed 3,114 properties spanning 48 U.S. states. These assets collectively accounted for roughly 32.4 million square feet of gross leasable area, with an average remaining lease duration of 10.7 years.
This overview is background from company filings and may not reflect the latest quarter — the figures above are the current data, and the SEC filings are the primary source.
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-04-30) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model NNN yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $926.21M | $389.78M | $268.44M | $860.48M | $667.13M |
| 2024 | $869.27M | $396.83M | $249.68M | $830.53M | $635.50M |
| 2023 | $828.11M | $392.34M | $238.62M | $794.86M | $612.41M |
| 2022 | $773.05M | $334.63M | $223.83M | $706.52M | $578.36M |
| 2021 | $726.41M | $290.11M | $205.22M | $633.20M | $568.42M |
| 2020 | $660.68M | $228.80M | $196.62M | $554.85M | $450.19M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-07-31 | 2026-07-31 | 2026-08-14 | 2026-07-15 | $0.62 | Quarterly |
| 2026-04-30 | 2026-04-30 | 2026-05-15 | 2026-04-15 | $0.60 | Quarterly |
| 2026-01-30 | 2026-01-30 | 2026-02-13 | 2026-01-15 | $0.60 | Quarterly |
| 2025-10-31 | 2025-10-31 | 2025-11-14 | 2025-10-14 | $0.60 | Quarterly |
| 2025-07-31 | 2025-07-31 | 2025-08-15 | 2025-07-15 | $0.60 | Quarterly |
| 2025-04-30 | 2025-04-30 | 2025-05-15 | 2025-04-15 | $0.58 | Quarterly |
| 2025-01-31 | 2025-01-31 | 2025-02-14 | 2025-01-14 | $0.58 | Quarterly |
| 2024-10-31 | 2024-10-31 | 2024-11-15 | 2024-10-15 | $0.58 | Quarterly |
| 2024-07-31 | 2024-07-31 | 2024-08-15 | 2024-07-15 | $0.58 | Quarterly |
| 2024-04-29 | 2024-04-30 | 2024-05-15 | 2024-04-15 | $0.56 | Quarterly |
| 2024-01-30 | 2024-01-31 | 2024-02-15 | 2024-01-16 | $0.56 | Quarterly |
| 2023-10-30 | 2023-10-31 | 2023-11-15 | 2023-10-16 | $0.56 | Quarterly |
| 2023-07-28 | 2023-07-31 | 2023-08-15 | 2023-07-14 | $0.56 | Quarterly |
| 2023-04-27 | 2023-04-28 | 2023-05-15 | 2023-04-14 | $0.55 | Quarterly |
| 2023-01-30 | 2023-01-31 | 2023-02-15 | 2023-01-13 | $0.55 | Quarterly |
| 2022-10-28 | 2022-10-31 | 2022-11-15 | 2022-10-14 | $0.55 | Quarterly |
| 2022-07-28 | 2022-07-29 | 2022-08-15 | 2022-07-15 | $0.55 | Quarterly |
| 2022-04-28 | 2022-04-29 | 2022-05-16 | 2022-04-14 | $0.53 | Quarterly |
| 2022-01-28 | 2022-01-31 | 2022-02-15 | 2022-01-14 | $0.53 | Quarterly |
| 2021-10-28 | 2021-10-29 | 2021-11-15 | 2021-10-15 | $0.53 | Quarterly |
| 2021-07-29 | 2021-07-30 | 2021-08-16 | 2021-07-15 | $0.53 | Quarterly |
| 2021-04-29 | 2021-04-30 | 2021-05-14 | 2021-04-15 | $0.52 | Quarterly |
| 2021-01-28 | 2021-01-29 | 2021-02-16 | 2021-01-15 | $0.52 | Quarterly |
| 2020-10-29 | 2020-10-30 | 2020-11-16 | 2020-10-15 | $0.52 | Quarterly |
Coverage (payout of operating cash flow): 69.88%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — NNN
NNN REIT: The Middle Of The Net Lease Fairway
Dividend Champion, Contender, And Challenger Highlights: Week Of July 19
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Increased Common Dividend Declared by NNN REIT, Inc.
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3 High-Yield Dividend Stocks to Buy in July
The $1,500-A-Month Portfolio: Conservative, Moderate, And High-Yield Paths Compared
NNN REIT, Inc. Announces Second Quarter 2026 Earnings Release Date and Conference Call Details
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.