NNN REIT, Inc. NNN
NNN REIT, Inc. is a REIT that invests in high-quality properties subjected generally to long-term, net leases with minimal ongoing capital expenditures. As of June 30, 2026, the Company owned 3,774 properties across 50 states, the District of Columbia and Puerto Rico, encompassing approximately 40.4 million square feet of gross leasable area, with 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.
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. |
|---|---|---|---|---|---|
| 2026-10-30 | 2026-10-30 | 2026-11-13 | 2026-10-15 | $0.62 | Quarterly |
| 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 |
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
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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.