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Real Estate - REIT - Retail - NYSE - US
$ 38.49
-5.1 %
$ 7.24 B
Market Cap
17.9
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one NNN stock under the worst case scenario is HIDDEN Compared to the current market price of 38.5 USD, National Retail Properties, Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one NNN stock under the base case scenario is HIDDEN Compared to the current market price of 38.5 USD, National Retail Properties, Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one NNN stock under the best case scenario is HIDDEN Compared to the current market price of 38.5 USD, National Retail Properties, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart NNN

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$50.0$50.0$48.0$48.0$46.0$46.0$44.0$44.0$42.0$42.0$40.0$40.0$38.0$38.0$36.0$36.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
869 M REVENUE
4.97%
578 M OPERATING INCOME
4.10%
397 M NET INCOME
1.15%
636 M OPERATING CASH FLOW
3.77%
-424 M INVESTING CASH FLOW
37.66%
-207 M FINANCING CASH FLOW
-311.08%
218 M REVENUE
-0.04%
144 M OPERATING INCOME
0.13%
97.9 M NET INCOME
-0.01%
118 M OPERATING CASH FLOW
-43.05%
-179 M INVESTING CASH FLOW
-69.71%
-108 M FINANCING CASH FLOW
-177.48%
Balance Sheet National Retail Properties, Inc.
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Current Assets 55.3 M
Cash & Short-Term Investments 8.73 M
Receivables 37 M
Other Current Assets 9.57 M
Non-Current Assets 8.82 B
Long-Term Investments 0
PP&E 0
Other Non-Current Assets 8.82 B
99.38 %Total Assets$8.9b
Current Liabilities 29.7 M
Accounts Payable 0
Short-Term Debt 0
Other Current Liabilities 29.7 M
Non-Current Liabilities 4.48 B
Long-Term Debt 4.37 B
Other Non-Current Liabilities 107 M
96.97 %Total Liabilities$4.5b
EFFICIENCY
Earnings Waterfall National Retail Properties, Inc.
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Revenue 869 M
Cost Of Revenue 32.3 M
Gross Profit 837 M
Operating Expenses 259 M
Operating Income 578 M
Other Expenses 181 M
Net Income 397 M
900m900m800m800m700m700m600m600m500m500m400m400m300m300m200m200m100m100m00869m(32m)837m(259m)578m(181m)397mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
96.28% GROSS MARGIN
96.28%
66.48% OPERATING MARGIN
66.48%
45.65% NET MARGIN
45.65%
9.10% ROE
9.10%
4.47% ROA
4.47%
6.53% ROIC
6.53%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis National Retail Properties, Inc.
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700m700m600m600m500m500m400m400m300m300m200m200m100m100m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 397 M
Depreciation & Amortization 250 M
Capital Expenditures 0
Stock-Based Compensation 0
Change in Working Capital 2.01 M
Others -11.4 M
Free Cash Flow 636 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets National Retail Properties, Inc.
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Wall Street analysts predict an average 1-year price target for NNN of $45.1 , with forecasts ranging from a low of $41 to a high of $50 .
NNN Lowest Price Target Wall Street Target
41 USD 6.52%
NNN Average Price Target Wall Street Target
45.1 USD 17.28%
NNN Highest Price Target Wall Street Target
50 USD 29.90%
Price
Max Price Target
Min Price Target
Average Price Target
50504848464644444242404038383636May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
1.42% DIVIDEND YIELD
0.58 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
2.5002.5002.0002.0001.5001.5001.0001.0000.5000.5000.0000.0000.420.4350.4550.4750.50.5150.520.530.550.5650.580.420.4350.4550.4750.50.5150.520.530.550.5650.4350.4550.4750.50.5150.520.530.550.5650.580.4351.710.4551.780.4751.860.51.950.5152.030.522.070.532.100.552.160.5652.230.582.290.582015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 17
6. Ownership
Insider Ownership National Retail Properties, Inc.
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Sold
0-3 MONTHS
2.35 M USD 1
3-6 MONTHS
42.5 K USD 1
6-9 MONTHS
2.85 M USD 4
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
NNN REIT, Inc. Announces First Quarter 2025 Earnings Release Date and Conference Call Details ORLANDO, Fla. , April 3, 2025 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN) ("NNN" or the "Company"), a real estate investment trust, today announced that it will release its results for the first quarter 2025, before the market opens on Thursday, May 1, 2025. prnewswire.com - 2 weeks ago
Cash COWs: 11 High-Yield REITs Now is a good time to invest in REITs due to low inflation, expected rate cuts, and a bullish technical trend. Analyst upgrades on REITs outnumber downgrades, and many quality REITs offer higher-than-usual yields, making them attractive for income investors. Dividend safety is crucial; Seeking Alpha Premium's Quant Ratings help identify REITs with low risk of dividend cuts, ensuring stable income. seekingalpha.com - 2 weeks ago
3 Elite High-Yield Dividend Stocks That Could Supply You With a Lifetime of Rising Passive Income Buying high-quality dividend stocks is a great way to collect passive dividend income. The best ones increase their dividends each year, and they can help you more than offset the impact of inflation over the long run. fool.com - 2 weeks ago
Retirement Income: I'm Seeking Treasure In These 7-9% Yields Income investing can be like treasure hunting in many ways. I detail 2 great income picks that offer high yields that are well-covered by cashflow. Both carry investment grade credit ratings and offer immediate diversification across strong asset classes. seekingalpha.com - 2 weeks ago
Got $200 to Invest? 2 Elite Ultra-High-Yield Dividend Stocks to Buy for Income and Never Look Back. Some companies really stand out for their ability to pay dividends. Their high-yielding payouts supply investors with lucrative and reliable income streams. fool.com - 3 weeks ago
NNN REIT: Income Stability In An Unstable Market Despite tenant headwinds, NNN REIT shows solid AFFO growth and remains attractive for income-oriented investors with a strong dividend yield and conservative payout ratio. NNN REIT's financial performance is robust, with stable FFO and revenue, despite macroeconomic challenges and tenant issues. The REIT's conservative management, strong cash flow, and low payout ratio ensure consistent income and long-term growth potential. seekingalpha.com - 3 weeks ago
NNN REIT: My Favorite Net Lease REIT Right Now Retail investors should consider rotating into income-generating stocks like NNN REIT to ride out market volatility. NNN REIT carries a 35-year track record of dividend raises, a high 98.5% occupancy rate, and strong credit ratings. Recent property acquisitions at attractive cap rates and a forward P/FFO of 12.4 make NNN a compelling value play. seekingalpha.com - 4 weeks ago
Mistakes Young REITs Make Newly public REITs often carry too much debt, influenced by private equity origins, leading to financial instability and the need for deleveraging. High dividend payouts can hinder growth; successful REITs maintain lower payout ratios to invest retained cash and ensure sustainable earnings growth. Quality of earnings is crucial; persistent property lease earnings are preferable over ephemeral earnings from construction, loans, or asset management. seekingalpha.com - 1 month ago
NNN REIT: No Obvious Reason To Jump In Right Now The spread between the implied cap rate for the Nareit Free Standing subsector and the US 10-year Treasury has narrowed, indicating potential downward pricing pressure. NNN REIT's current deal flow pipeline is expected to come in at tighter spreads, implying less accretion to the bottom line. There is also an insufficient margin of safety between an unbiased measure of fair value and the total return picture for NNN. seekingalpha.com - 1 month ago
The Smartest High-Yield Dividend Stocks to Buy With $100 Right Now Why wouldn't an income investor want to own a stock that has a 14% dividend yield? That's an awfully tempting number, given that the average return of the S&P 500 (^GSPC 2.13%) is generally considered to be around 10% a year. fool.com - 1 month ago
5 Dividend Stocks Yielding Over 5% to Buy Right Now Stocks have cooled off quite a bit this year, with most broader market indexes declining about 10% from their peaks. The silver lining amid this sell-off is that dividend yields move in the opposite direction as stock prices. fool.com - 1 month ago
Great News For REIT Investors REITs positioned for strong gains as interest rate cuts and lower Treasury yields drive investor demand. Decade-low REIT valuations and reduced new real estate development create opportunities for high returns. High-dividend REITs offering 5-7% yields attract income investors seeking alternatives to bonds and Treasuries. seekingalpha.com - 1 month ago
8. Profile Summary

National Retail Properties, Inc. NNN

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COUNTRY US
INDUSTRY REIT - Retail
MARKET CAP $ 7.24 B
Dividend Yield 1.42%
Description National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2020, the company owned 3,114 properties in 48 states with a gross leasable area of approximately 32.4 million square feet and with a weighted average remaining lease term of 10.7 years.
Contact 450 South Orange Avenue, Orlando, FL, 32801 https://www.nnnreit.com
IPO Date Oct. 9, 1984
Employees 83
Officers Mr. Stephen A. Horn Jr. President, Chief Executive Officer & Director