Stocks Real estate NNN
NYSE · Real estateNnn REIT, Inc. (NNN)
Nnn REIT, Inc. reported revenue of $926.2M in fiscal 2025, up 6.6% from a year earlier. Net income was $389.8M, a net margin of 42.1%. At September 30, 2026 it held $2.7M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 4, 2026.
Key facts about Nnn REIT, Inc.
- Net worth
- Nnn REIT, Inc. has a market value (market cap) of $8B at the latest share price, and shareholders' equity of $4.6B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $926.2M (+6.6% year on year), with net income of $389.8M.
- Cash flow
- In fiscal 2025 operations brought in $667.1M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 4, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Nnn REIT, Inc.'s next report is expected around February 10, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Nnn REIT, Inc. declared dividends of $2.36 per share in fiscal 2025, a yield of 5.66% at the current price.
What Nnn REIT, Inc. does
Nnn REIT, Inc. is registered with the SEC under industry code SIC 6798 (Real Estate Investment Trusts). Its shares trade on NYSE under the ticker NNN.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $926.2M | $389.8M | $2.07 | n/a |
| 2024 | $869.3M | $396.8M | $2.15 | n/a |
| 2023 | $828.1M | $392.3M | $2.16 | n/a |
| 2022 | $773.1M | $334.6M | $1.89 | n/a |
| 2021 | $726.4M | $290.1M | $1.51 | n/a |
| 2020 | $660.7M | $228.8M | $1.22 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where NNN ranks in Real estate
Dividends
Nnn REIT, Inc. declared $2.36 per share in fiscal 2025. At the current price that is a yield of 5.66%. It paid out $443.2M in cash dividends, 114% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $2.36 | $443.2M | 114% |
| 2024 | $2.29 | $420.2M | 106% |
| 2023 | $2.23 | $404.5M | 103% |
| 2022 | $2.16 | $380.5M | 114% |
| 2021 | $2.10 | $367.3M | 127% |
| 2020 | $2.07 | $356.4M | 156% |
Latest SEC filings
What Nnn REIT, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Passive stake changed SCHEDULE 13G/A
- November 4, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 8.5% to $249.7M versus the same quarter last year; diluted EPS $0.57 versus $0.51.
- November 4, 2026
- August 17, 2026
- August 13, 2026Passive stake (5% or more) SCHEDULE 13G
- August 7, 2026Other event 8-K
- August 6, 2026Passive stake changed SCHEDULE 13G/A
- August 5, 2026
- August 5, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 7.7% to $244.3M versus the same quarter last year; diluted EPS $0.52 versus $0.54.
- August 5, 2026
Insider trades
What the people running Nnn REIT, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 8 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 30, 2026 | Beall Pamela K.M.Director | Received as payindirect | 963 | $40K |
| October 30, 2026 | Chiu ChristinaDirector | Received as pay | 963 | $40K |
| October 30, 2026 | Fick David MDirector | Received as pay | 2,049 | $85.1K |
| October 30, 2026 | Fritsch Edward JDirector | Received as pay | 1,296 | $53.8K |
| October 30, 2026 | Gulacsy ElizabethDirector | Received as pay | 1,229 | $51K |
| October 30, 2026 | Holden Betsy DDirector | Received as pay | 1,444 | $60K |
| October 30, 2026 | Mueller Charles E JrDirector | Received as pay | 1,550 | $64.4K |
| October 30, 2026 | Witherspoon Kamau OmariDirector | Received as pay | 1,607 | $66.7K |
Who owns NNN
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Portfolio Management13G, passive | 8.74% | April 29, 2026 |
| Fmr LLC13G, passive with 1 related filers | 6% | August 6, 2026 |
| Vanguard Capital Management13G, passive | 5.28% | April 30, 2026 |
| AQR Capital Management, LLC13G, passive with 1 related filers | 5.14% | August 13, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 601 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 26,708,613 | +780,005 |
| Vanguard Portfolio Management LLC | 16,778,215 | +169,434 |
| Fmr LLC | 11,436,861 | -7,799,724 |
| State Street Corp | 11,346,545 | +14,751 |
| Aqr Capital Management LLC | 9,773,107 | +5,915,740 |
| Vanguard Capital Management LLC | 8,557,962 | +84,053 |
| Victory Capital Management Inc | 6,051,488 | -2,267,194 |
| Geode Capital Management, LLC | 4,403,909 | +53,850 |
| Morgan Stanley | 3,810,780 | +885,619 |
| Federated Hermes, Inc. | 3,127,776 | +96,121 |
| Charles Schwab Investment Management Inc | 3,115,354 | +138,202 |
| Dimensional Fund Advisors LP | 2,818,943 | +2,415 |
| Massachusetts Financial Services Co | 2,558,445 | -416,250 |
| Quantinno Capital Management LP | 2,576,763 | +819,147 |
| Norges Bank | 2,523,970 | new |
| Rush Island Management, LP | 2,474,091 | -625,193 |
| Jpmorgan Chase & Co | 2,414,562 | +156,905 |
| Goldman Sachs Group Inc | 2,023,201 | +13,034 |
| Northern Trust Corp | 1,972,015 | +50,996 |
| Daiwa Securities Group Inc. | 1,930,802 | +1,852,320 |
Insiders
15 insiders reported holding 1,661,659 shares in total, about $69.3M at the last price.
| Holder | Shares |
|---|---|
| Horn Stephen A JRPresident & CEO | 822,711 |
| Adamo JonathanEVP Chief Portfolio Operations | 126,358 |
| Chao Vincent H.EVP, Chief Financial Officer | 115,280 |
| Miller Michelle LynnEVP,Chief Acctg & Tech Officer | 93,817 |
| Steffens Gina M.EVP, General Counsel | 89,791 |
| Lewis Joshua PhillipEVP, CIO | 81,990 |
| Fick David MDirector | 74,729 |
| Cosler Steven DDirector | 67,123 |
| Fritsch Edward JDirector | 66,910 |
| Beall Pamela K.M.Director | 38,33338,333 held indirectly |
Questions about NNN
What does Nnn REIT, Inc. do?
Nnn REIT, Inc. is a company in the Real estate sector, listed on NYSE as NNN. Its shares trade on NYSE under the ticker NNN.
What is Nnn REIT, Inc.'s net worth?
Nnn REIT, Inc. has a market value (market cap) of $8B at the latest share price, and shareholders' equity of $4.6B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Nnn REIT, Inc. profitable?
Yes. In fiscal 2025 it reported net income of $389.8M on revenue of $926.2M, a net margin of 42.1%.
How much revenue does Nnn REIT, Inc. make?
In fiscal 2025 Nnn REIT, Inc. reported revenue of $926.2M. That is 6.6% more than a year earlier.
When did Nnn REIT, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 4, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the passive stake changed from November 5, 2026.
When is Nnn REIT, Inc.'s next earnings report?
Nnn REIT, Inc.'s next report is expected around February 10, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Nnn REIT, Inc. pay a dividend?
Yes. Nnn REIT, Inc. declared dividends of $2.36 per share in fiscal 2025, a yield of 5.66% at the current price.
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Where the numbers come from
Financial figures are the values Nnn REIT, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.