Nnn REIT, Inc. (New York Stock Exchange:NNN)
Insiders here have filed 8 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Keeps a healthy share of every dollar it sells.
- Revenue
- $953.2M
- Net income
- $384.7M
- Net margin
- 40.4%
Heavily indebted for what it earns.
- Total debt
- $5.00B
- Cash
- $4.2M
- Net debt / EBITDA
- 5.72x
Owes more within a year than it holds to pay it.
- Current assets
- $43.8M
- Current liabilities
- $66.5M
- Current ratio
- 0.66
The business funds itself from operations.
- Operating cash flow
- $673.0M
- Free cash flow
- $243.7M
- FCF margin
- 25.6%
Not funding itself by issuing shares.
- Shares outstanding
- 189.1M
- Share growth (1y)
- 1.2%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
NNN Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 244.27 M | 240.42 M | 238.40 M | 230.16 M | 226.80 M | 230.85 M |
| Revenue Growth (YoY) | 7.70 % | 4.15 % | 9.12 % | 5.31 % | 4.61 % | 7.17 % |
| Cost of Revenue | 8.27 M | 9.80 M | 146.48 M | 9.13 M | 8.84 M | 9.38 M |
| Gross Profit | 236.00 M | 230.63 M | 91.92 M | 221.03 M | 217.96 M | 221.48 M |
| SG&A Expense | 14.06 M | 14.11 M | 11.64 M | 11.06 M | 11.29 M | 15.31 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 85.29 M | 85.48 M | -56.37 M | 73.75 M | 68.17 M | 77.63 M |
| Operating Income | 150.34 M | 145.14 M | 148.56 M | 147.28 M | 149.80 M | 143.85 M |
| Pretax Income | 97.92 M | 93.95 M | 95.95 M | 96.84 M | 100.53 M | 96.46 M |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | 97.92 M | 93.95 M | 95.95 M | 96.84 M | 100.53 M | 96.46 M |
| EPS (Basic) | 0.52 | 0.50 | 0.51 | 0.51 | 0.54 | 0.52 |
| EPS (Diluted) | 0.52 | 0.50 | 0.51 | 0.51 | 0.54 | 0.51 |
| Shares Outstanding | 189.08 M | 189.03 M | 188.83 M | 188.33 M | 186.88 M | 186.85 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.