NNN REIT, Inc. (NNN) stock

NNNNYSEReal Estate Investment TrustsFiscal year ends December 31

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026Score 14/309% below fair value

$41.00−0.52 (-1.25%)

Close on Oct 30, 2026Market cap $7.87BP/E 20.1Yield 5.76%

Earnings

Nnn Reit's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report

Nov 3, 2026

Q3 FY2026 · estimated, before the open

Revenue, Q2 FY2026

$244.27M

Core FFO per share, Q2 FY2026

$0.89

Latest guidance

Raised

Aug 5, 2026 · 8 items

Quarterly results

Revenue and earnings per share from each of Nnn Reit's earnings releases, newest first

Quarter	Reported	Revenue	YoY	EPS	Adj. EPS	Source
Q3 FY2026ended Sep 30, 2026	Nov 3, 2026Expected	–	–	–	–	–
Q2 FY2026ended Jun 30, 2026	Aug 5, 2026before the open	$244.27M	–	$0.52	$0.89	Release
Q1 FY2026ended Mar 31, 2026	Apr 30, 2026before the open	$240.42M	+4.1%	$0.50	$0.87	Release
Q4 FY2025ended Dec 31, 2025	Feb 11, 2026before the open	$238.40M	–	$0.51	$0.87	Release
Q3 FY2025ended Sep 30, 2025	Nov 4, 2025before the open	–	–	$0.51	$0.85	Release
Q2 FY2025ended Jun 30, 2025	Aug 5, 2025before the open	–	–	–	–	Release
Q1 FY2025ended Mar 31, 2025	May 1, 2025before the open	$230.85M	+7.2%	$0.51	$0.86	Release
Q4 FY2024ended Dec 31, 2024	Feb 11, 2025before the open	–	–	–	–	Release
Q3 FY2024ended Sep 30, 2024	Oct 31, 2024before the open	–	–	–	–	Release
Q2 FY2024ended Jun 30, 2024	Aug 1, 2024before the open	$216.81M	+7.0%	$0.58	$0.83	Release
Q1 FY2024ended Mar 31, 2024	May 1, 2024before the open	$215.41M	+5.5%	$0.52	$0.83	Release
Q4 FY2023ended Dec 31, 2023	Feb 8, 2024before the open	$216.23M	+8.9%	$0.53	$0.85	Release
Q3 FY2023ended Sep 30, 2023	Nov 1, 2023before the open	$205.13M	+6.0%	$0.59	$0.81	Release
Q2 FY2023ended Jun 30, 2023	Aug 2, 2023before the open	$202.64M	+6.2%	$0.54	$0.80	Release
Q1 FY2023ended Mar 31, 2023	May 2, 2023before the open	$204.11M	+7.3%	$0.50	–	Release
Q4 FY2022ended Dec 31, 2022	Feb 9, 2023before the open	$198.52M	+6.0%	$0.50	$0.80	Release
Q3 FY2022ended Sep 30, 2022	Nov 2, 2022before the open	$193.47M	+7.3%	$0.50	$0.79	Release
Q2 FY2022ended Jun 30, 2022	Aug 3, 2022before the open	$190.78M	–	$0.42	$0.79	Release
Q1 FY2022ended Mar 31, 2022	May 3, 2022before the open	$190.28M	–	$0.46	$0.77	Release
Q4 FY2021ended Dec 31, 2021	Feb 9, 2022before the open	$187.26M	–	$0.37	$0.75	Release
Q3 FY2021ended Sep 30, 2021	Nov 2, 2021before the open	$180.36M	–	$0.45	$0.71	Release
Q2 FY2021ended Jun 30, 2021	Aug 3, 2021before the open	–	–	–	–	Filing
Q1 FY2021ended Mar 31, 2021	May 4, 2021before the open	–	–	–	–	Filing
Q4 FY2020ended Dec 31, 2020	Feb 11, 2021before the open	–	–	–	–	Filing
Q3 FY2020ended Sep 30, 2020	Nov 2, 2020before the open	–	–	–	–	Filing
Q2 FY2020ended Jun 30, 2020	Aug 3, 2020before the open	–	–	–	–	Filing

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Nnn Reit's latest outlook for periods it has not reported yet, compared with what it said before

Metric	Period	Guidance	Before	Change	Given
Core FFO per sharenon-GAAP	FY2026	$3.50 – $3.54	$3.48 – $3.54	Lowered	Aug 5, 2026
Acquisition volume	FY2026	$700.00M – $800.00M	$550.00M – $650.00M	Raised	Aug 5, 2026
AFFO per sharenon-GAAP	FY2026	$3.55 – $3.59	$3.52 – $3.58	Raised	Aug 5, 2026
Core FFO per sharenon-GAAP	FY2026	$3.47 – $3.53	–	New	Feb 11, 2026
Disposition volume	FY2026	$120.00M – $160.00M	$110.00M – $150.00M	Lowered	Aug 5, 2026
General and administrative expenses	FY2026	$53.00M – $55.00M	$53.00M – $55.00M	Lowered	Aug 5, 2026
Net earnings per share excluding any gains on disposition of real estate, impairment losses and retirement and severance costsnon-GAAP	FY2026	$2.01 – $2.05	$2.02 – $2.08	Lowered	Aug 5, 2026
Real estate depreciation and amortization per sharenon-GAAP	FY2026	$1.49	–	Lowered	Aug 5, 2026
Real estate depreciation and amortization per share	FY2026	$1.45	–	New	Feb 11, 2026
Real estate expenses, net of tenant reimbursements	FY2026	$13.50M – $14.50M	$14.00M – $15.00M	Lowered	Aug 5, 2026

Guidance history

Every forecast Nnn Reit put in an earnings release, newest first

Given	Metric	Period	Guidance	Change
Aug 5, 2026	Core FFO per share	FY2026	$3.50 – $3.54	Lowered
Aug 5, 2026	General and administrative expenses	FY2026	$53.00M – $55.00M	Lowered
Aug 5, 2026	Real estate expenses, net of tenant reimbursements	FY2026	$13.50M – $14.50M	Lowered
Aug 5, 2026	Acquisition volume	FY2026	$700.00M – $800.00M	Raised
Aug 5, 2026	Disposition volume	FY2026	$120.00M – $160.00M	Lowered
Aug 5, 2026	Net earnings per share excluding any gains on disposition of real estate, impairment losses and retirement and severance costs	FY2026	$2.01 – $2.05	Lowered
Aug 5, 2026	Real estate depreciation and amortization per share	FY2026	$1.49	Lowered
Aug 5, 2026	AFFO per share	FY2026	$3.55 – $3.59	Raised
Apr 30, 2026	Core FFO per share	FY2026	$3.48 – $3.54	Raised
Apr 30, 2026	AFFO per share	FY2026	$3.53 – $3.59	Raised
Apr 30, 2026	General and administrative expenses	FY2026	$53.00M – $55.00M	Lowered
Apr 30, 2026	Real estate expenses, net of tenant reimbursements	FY2026	$14.00M – $15.00M	Lowered
Apr 30, 2026	Acquisition volume	FY2026	$550.00M – $650.00M	Raised
Apr 30, 2026	Disposition volume	FY2026	$110.00M – $150.00M	Lowered
Apr 30, 2026	Net earnings per share excluding any gains on disposition of real estate, impairment losses and retirement and severance costs	FY2026	$2.02 – $2.08	Lowered
Feb 11, 2026	Net earnings per share excluding any gains on disposition of real estate, impairment losses and retirement and severance costs	FY2026	$2.02 – $2.08	New
Feb 11, 2026	General and administrative expenses	FY2026	$53.00M – $55.00M	New
Feb 11, 2026	Real estate expenses, net of tenant reimbursements	FY2026	$14.00M – $15.00M	Lowered
Feb 11, 2026	Acquisition volume	FY2026	$550.00M – $650.00M	Raised
Feb 11, 2026	Disposition volume	FY2026	$110.00M – $150.00M	Lowered
Feb 11, 2026	Real estate depreciation and amortization per share	FY2026	$1.45	New
Feb 11, 2026	Core FFO per share	FY2026	$3.47 – $3.53	New
Feb 11, 2026	AFFO per share	FY2026	$3.52 – $3.58	Raised
Nov 4, 2025	General and administrative expenses	FY2025	$47.00M – $48.00M	New
Nov 4, 2025	Real estate expenses, net of tenant reimbursements	FY2025	$17.00M – $18.00M	Lowered
Nov 4, 2025	Acquisition volume	FY2025	$850.00M – $950.00M	Raised
Nov 4, 2025	Disposition volume	FY2025	$170.00M – $200.00M	Lowered
Nov 4, 2025	Real estate depreciation and amortization per share	FY2025	$1.43	New
Nov 4, 2025	Core FFO per share	FY2025	$3.36 – $3.40	New
Nov 4, 2025	AFFO per share	FY2025	$3.41 – $3.45	Raised
May 1, 2025	Net earnings per share excluding any gains on disposition of real estate, impairment losses and executive retirement costs	FY2025	$1.97 – $2.02	New
May 1, 2025	Core FFO per share	FY2025	$3.33 – $3.38	Raised
May 1, 2025	AFFO per share	FY2025	$3.39 – $3.44	Raised
May 1, 2025	General and administrative expenses	FY2025	$47.00M – $48.00M	New
May 1, 2025	Real estate expenses, net of tenant reimbursements	FY2025	$15.00M – $16.00M	Lowered
May 1, 2025	Acquisition volume	FY2025	$500.00M – $600.00M	Raised
May 1, 2025	Disposition volume	FY2025	$80.00M – $120.00M	Lowered
May 1, 2025	Real estate depreciation and amortization per share	FY2025	$1.36	New
Oct 31, 2024	Core FFO per share	FY2024	$3.28 – $3.32	Narrowed
Oct 31, 2024	AFFO per share	FY2024	$3.31 – $3.35	Raised
Aug 1, 2024	Core FFO per share	FY2024	$3.27 – $3.33	Raised
Aug 1, 2024	Net earnings per share excluding any gains on disposition of real estate, impairment charges, and executive retirement costs	FY2024	$1.93 – $1.99	New
Aug 1, 2024	General and administrative expenses	FY2024	$46.00M – $48.00M	Lowered
Aug 1, 2024	Acquisition volume	FY2024	$400.00M – $500.00M	Raised
Aug 1, 2024	Disposition volume	FY2024	$100.00M – $120.00M	Lowered
Aug 1, 2024	Real estate expenses, net of tenant reimbursements	FY2024	$10.00M – $11.00M	New
Aug 1, 2024	Real estate depreciation and amortization per share	FY2024	$1.34	Lowered
Aug 1, 2024	AFFO per share	FY2024	$3.31 – $3.37	Raised
May 1, 2024	Core FFO per share	FY2024	$3.25 – $3.31	Reaffirmed
May 1, 2024	General and administrative expenses	FY2024	$46.00M – $48.00M	Lowered
May 1, 2024	Real estate expenses, net of tenant reimbursements	FY2024	$9.00M – $11.00M	Lowered
May 1, 2024	Acquisition volume	FY2024	$400.00M – $500.00M	Raised
May 1, 2024	Disposition volume	FY2024	$80.00M – $120.00M	Lowered
May 1, 2024	Real estate depreciation and amortization per share	FY2024	$1.31	Reaffirmed
May 1, 2024	Net earnings per share excluding any gains on disposition of real estate, impairment charges, and executive retirement costs	FY2024	$1.94 – $2.00	Lowered
May 1, 2024	AFFO per share	FY2024	$3.29 – $3.35	Raised
Feb 8, 2024	Core FFO per share	FY2024	$3.25 – $3.31	New
Feb 8, 2024	Net earnings per common share excluding any gains on disposition of real estate, impairment charges, and executive retirement costs	FY2024	$1.94 – $2.00	New
Feb 8, 2024	General and administrative expenses	FY2024	$46.00M – $48.00M	New
Feb 8, 2024	Real estate expenses, net of tenant reimbursements	FY2024	$9.00M – $11.00M	Lowered
Feb 8, 2024	Acquisition volume	FY2024	$400.00M – $500.00M	Raised
Feb 8, 2024	Disposition volume	FY2024	$80.00M – $120.00M	Lowered
Feb 8, 2024	Real estate depreciation and amortization per share	FY2024	$1.31	New
Feb 8, 2024	AFFO per share	FY2024	$3.29 – $3.35	New
Nov 1, 2023	Core FFO per share	FY2023	$3.19 – $3.23	Raised
Nov 1, 2023	General and administrative expenses	FY2023	$43.00M – $45.00M	Lowered
Nov 1, 2023	Real estate expenses, net of tenant reimbursements	FY2023	$8.00M – $10.00M	Lowered
Nov 1, 2023	Acquisition volume	FY2023	$700.00M – $800.00M	Raised
Nov 1, 2023	Disposition volume	FY2023	$100.00M – $120.00M	Lowered
Nov 1, 2023	AFFO per share	FY2023	$3.22 – $3.26	Raised
Nov 1, 2023	Net earnings per common share excluding any gains on disposition of real estate, impairment charges, and executive retirement costs	FY2023	$1.88 – $1.92	Lowered
Nov 1, 2023	Real estate depreciation and amortization per share	FY2023	$1.31	Lowered
Aug 2, 2023	Core FFO per share	FY2023	$3.17 – $3.22	Raised
Aug 2, 2023	General and administrative expenses	FY2023	$43.00M – $45.00M	Lowered
Aug 2, 2023	Acquisition volume	FY2023	$600.00M – $700.00M	Raised
Aug 2, 2023	Disposition volume	FY2023	$100.00M – $120.00M	Lowered
Aug 2, 2023	Real estate expenses, net of tenant reimbursements	FY2023	$8.00M – $10.00M	New
Aug 2, 2023	Real estate depreciation and amortization per share	FY2023	$1.29	Raised
Aug 2, 2023	AFFO per share	FY2023	$3.20 – $3.25	Raised
Aug 2, 2023	Net earnings per common share excluding any gains on disposition of real estate, impairment charges, and executive retirement costs	FY2023	$1.88 – $1.93	Lowered
May 2, 2023	Net earnings per common share excluding any gains on disposition of real estate, impairment charges, and executive retirement costs	FY2023	$1.87 – $1.93	Lowered
May 2, 2023	General and administrative expenses	FY2023	$43.00M – $45.00M	Lowered
May 2, 2023	Real estate expenses, net of tenant reimbursements	FY2023	$8.00M – $10.00M	Lowered
May 2, 2023	Acquisition volume	FY2023	$500.00M – $600.00M	Raised
May 2, 2023	Disposition volume	FY2023	$100.00M – $120.00M	Lowered
May 2, 2023	Real estate depreciation and amortization per share	FY2023	$1.27	Reaffirmed
May 2, 2023	Core FFO per share	FY2023	$3.14 – $3.20	Lowered
May 2, 2023	AFFO per share	FY2023	$3.19 – $3.25	Raised
Feb 9, 2023	Core FFO per share	FY2023	$3.14 – $3.20	New
Feb 9, 2023	Net earnings per common share	FY2023	$1.87 – $1.93	New
Feb 9, 2023	General and administrative expenses	FY2023	$43.00M – $45.00M	New
Feb 9, 2023	Real estate expenses, net of tenant reimbursements	FY2023	$8.00M – $10.00M	Lowered
Feb 9, 2023	Acquisition volume	FY2023	$500.00M – $600.00M	Raised
Feb 9, 2023	Disposition volume	FY2023	$100.00M – $120.00M	Lowered
Feb 9, 2023	Real estate depreciation and amortization per share	FY2023	$1.27	New
Feb 9, 2023	AFFO per share	FY2023	$3.19 – $3.25	New
Nov 2, 2022	Core FFO per share	FY2022	$3.11 – $3.15	Raised
Nov 2, 2022	Net earnings per common share excluding any gains on disposition of real estate, impairment charges, and executive retirement costs	FY2022	$1.85 – $1.89	Raised
Nov 2, 2022	General and administrative expenses	FY2022	$40.00M – $42.00M	Lowered
Nov 2, 2022	Real estate expenses, net of tenant reimbursements	FY2022	$9.00M – $10.00M	Lowered
Nov 2, 2022	Acquisition volume	FY2022	$650.00M – $700.00M	Raised
Nov 2, 2022	Disposition volume	FY2022	$65.00M – $85.00M	Lowered
Nov 2, 2022	Real estate depreciation and amortization per share	FY2022	$1.26	Raised
Nov 2, 2022	AFFO per share	FY2022	$3.18 – $3.22	Raised
Aug 3, 2022	Core FFO per share	FY2022	$3.07 – $3.12	Raised
Aug 3, 2022	Net earnings per common share excluding any gains on disposition of real estate, impairment charges, and executive retirement costs	FY2022	$1.83 – $1.88	Raised
Aug 3, 2022	General and administrative expenses	FY2022	$40.00M – $42.00M	Lowered
Aug 3, 2022	Acquisition volume	FY2022	$600.00M – $700.00M	Raised
Aug 3, 2022	Disposition volume	FY2022	$80.00M – $100.00M	Lowered
Aug 3, 2022	Real estate expenses, net of tenant reimbursements	FY2022	$9.00M – $11.00M	New
Aug 3, 2022	Real estate depreciation and amortization per share	FY2022	$1.24	Raised
Aug 3, 2022	AFFO per share	FY2022	$3.14 – $3.19	Raised
May 3, 2022	Core FFO per share	FY2022	$3.01 – $3.08	Raised
May 3, 2022	Net earnings per common share excluding any gains on disposition of real estate, impairment charges, and executive retirement costs	FY2022	$1.80 – $1.87	Raised
May 3, 2022	General and administrative expenses	FY2022	$40.00M – $42.00M	Lowered
May 3, 2022	Real estate expenses, net of tenant reimbursements	FY2022	$10.00M – $12.00M	Lowered
May 3, 2022	Acquisition volume	FY2022	$550.00M – $650.00M	Raised
May 3, 2022	Disposition volume	FY2022	$80.00M – $100.00M	Lowered
May 3, 2022	Real estate depreciation and amortization per share	FY2022	$1.21	Raised
May 3, 2022	AFFO per share	FY2022	$3.08 – $3.15	Raised
Feb 9, 2022	Core FFO per share	FY2022	$2.93 – $3.00	Raised
Feb 9, 2022	Net earnings per common share	FY2022	$1.76 – $1.82	Raised
Feb 9, 2022	General and administrative expenses	FY2022	$42.00M – $44.00M	Lowered
Feb 9, 2022	Real estate expenses, net of tenant reimbursements	FY2022	$10.00M – $12.00M	Lowered
Feb 9, 2022	Acquisition volume	FY2022	$550.00M – $650.00M	Raised
Feb 9, 2022	Disposition volume	FY2022	$80.00M – $100.00M	Lowered
Feb 9, 2022	Real estate depreciation and amortization per share	FY2022	$1.18	Raised
Feb 9, 2022	AFFO per share	FY2022	$3.01 – $3.07	Raised
Nov 2, 2021	Core FFO per share	FY2021	$2.80 – $2.84	New
Nov 2, 2021	Core FFO per share	FY2022	$2.90 – $2.97	New
Nov 2, 2021	Net earnings per common share	FY2021	$1.64 – $1.68	New
Nov 2, 2021	Net earnings per common share	FY2022	$1.73 – $1.80	New
Nov 2, 2021	General and administrative expenses	FY2021	$46.00M – $48.00M	New
Nov 2, 2021	Real estate expenses, net of tenant reimbursements	FY2021	$10.00M – $11.00M	Lowered
Nov 2, 2021	Acquisition volume	FY2021	$550.00M – $600.00M	Raised
Nov 2, 2021	Disposition volume	FY2021	$80.00M – $100.00M	Lowered
Nov 2, 2021	Real estate depreciation and amortization per share	FY2021	$1.16	New
Nov 2, 2021	AFFO per share	FY2021	$3.00 – $3.04	New
Nov 2, 2021	General and administrative expenses	FY2022	$45.00M – $47.00M	New
Nov 2, 2021	Real estate expenses, net of tenant reimbursements	FY2022	$10.00M – $12.00M	Lowered
Nov 2, 2021	Acquisition volume	FY2022	$550.00M – $650.00M	Raised
Nov 2, 2021	Disposition volume	FY2022	$80.00M – $100.00M	Lowered
Nov 2, 2021	Real estate depreciation and amortization per share	FY2022	$1.17	New
Nov 2, 2021	AFFO per share	FY2022	$2.99 – $3.06	New

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.