NNN

Based on NNN REIT, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

What does NNN REIT do?

NNN REIT acquires and manages single-tenant retail properties leased under long-term net-lease agreements. Tenants typically handle property-level expenses, while NNN collects contractual base rent. The company owns thousands of properties spread across nearly every U.S. state, making it one of the larger net-lease REITs in the country.

Does NNN pay dividends?

Yes, NNN pays a regular dividend. As a REIT, it is required to distribute the majority of its taxable income to shareholders. NNN has maintained a consistent dividend payment history, which is a key reason income-focused investors follow the stock. Dividend sustainability depends on occupancy levels and tenant health.

When does NNN report earnings?

NNN REIT reports on a quarterly cadence, as is standard for U.S.-listed companies. For specific upcoming reporting dates and the most recent results, check NNN's investor relations page directly, as our data source does not cover forward earnings dates.

Is NNN a good stock to buy?

UQS Score rates NNN as Below Average overall. The Quality pillar is a relative strength, reflecting the predictable net-lease income model. However, Moat, Growth, and Risk all register as Weak, indicating meaningful structural and macro challenges. The complete pillar breakdown is available to Pro members on UQS Score.

Is NNN overvalued?

NNN's Valuation pillar reads as Neutral on UQS Score, suggesting the stock is neither clearly cheap nor expensive relative to its fundamentals. Net-lease REITs are often valued on income metrics, and the current reading reflects a balanced picture given the company's growth and risk profile.

How does NNN compare to its competitors?

NNN competes with other retail and net-lease REITs including Brixmor Property Group, Agree Realty, and Federal Realty Investment Trust. Each differs in tenant focus, property type, and strategy. NNN's scale and long lease terms are distinguishing features, though peers like Agree Realty pursue a more selective, investment-grade tenant approach.

What is NNN's market cap bracket?

NNN REIT falls in the mid-cap bracket. This places it among established but not mega-scale REITs, offering meaningful liquidity while still being subject to the volatility and rate sensitivity typical of mid-cap real estate companies.

Who founded NNN REIT?

NNN REIT was founded in 1984. Detailed founding history, including the names of original principals, is publicly available through the company's official filings and corporate history disclosures on its investor relations site.

Is NNN a long-term quality investment?

From a long-term quality standpoint, NNN's Strong Quality pillar reflects the durability of its net-lease income model and its multi-decade operating track record. However, the Weak Growth and Moat pillars suggest limited competitive differentiation and constrained expansion potential — factors worth weighing for long-horizon investors.

What is the main competitive advantage of NNN REIT?

NNN's primary advantage lies in its scale and the structural predictability of long-term net leases. With lease terms often exceeding a decade and tenants covering most property-level costs, the model generates relatively stable cash flows. That said, UQS Score rates NNN's Moat as Weak, reflecting limited differentiation versus peers.

What sector does NNN belong to?

NNN REIT operates in the Real Estate sector, specifically within the net-lease retail REIT sub-category. Investors in this sector typically prioritize income stability and dividend yield, though the sector carries meaningful sensitivity to interest rate movements.

NNN REIT, Inc. demonstrates outstanding capital efficiency and profitability, placing it among the highest-quality businesses in the market.

NNN REIT, Inc. faces growth headwinds with declining or stagnant revenue trends.

NNN REIT, Inc. presents elevated risk with concerns around leverage or financial stability.

NNN REIT, Inc. has a mixed valuation — some metrics suggest fair value while others appear stretched.

NNN REIT, Inc. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for NNN.

The UQS (Unified Quality Score) for NNN REIT, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses NNN REIT, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether NNN REIT, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.