Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

NNN REIT, INC.
Next earnings Aug 3, 2026 (before open) · consensus $0.52 EPS, $243M rev
Last earnings +2.0% on 2026-04-30
Conservative triple-net-lease REIT with 64% operating margins, low leverage and a steadily rising dividend — a dependable income hold.
Sources: SEC EDGAR (CIK 0000751364, latest 10-Q filed 2026-04-30) · EODHD · analysis by claude-code · as of 6/21/2026, 8:51:14 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
Middling fundamentals and a rich price (~42% above fair value) leave little margin of safety — a wait-and-see.
NNN REIT is a long-tenured triple-net-lease REIT, owning freestanding single-tenant retail properties leased on long terms where tenants bear taxes, insurance and maintenance. That structure produces remarkably stable, high-margin cash flow: FY2025 operating margin was 63.6% and net margin 42.1%, on revenue that grew 6.6% to $926M. The multi-year record is a model of consistency — revenue has compounded steadily from $726M in FY2021, and net income has held in a tight $290-397M band, reflecting the predictability of contractual rent escalators.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $726M | $773M | $828M | $869M | $926M |
| Gross profit | — | — | — | — | — |
| Operating income | $449M | $483M | $555M | $578M | $589M |
| Net income | $290M | $335M | $392M | $397M | $390M |
| Diluted EPS | $1.51 | $1.89 | $2.16 | $2.15 | $2.07 |
| Net margin | 39.9% | 43.3% | 47.4% | 45.7% | 42.1% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
1482 tracked peers · median
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
| 2026-04-30 | Beall Pamela K.M. Director | Award | 833.00 @ $43.52 | $36.3K |
| 2026-04-30 | FICK DAVID M Director | Award | 1.79K @ $43.52 | $77.8K |
| 2026-04-30 | HOLDEN BETSY D Director | Award | 1.24K @ $43.52 | $54.1K |
| 2026-04-30 | FRITSCH EDWARD J Director | Award | 833.00 @ $43.52 | $36.3K |
| 2026-04-30 | Gulacsy Elizabeth Director | Award | 1.05K @ $43.52 | $45.7K |
| 2026-04-30 | Witherspoon Kamau Omari Director | Award | 1.39K @ $43.52 | $60.5K |
| 2026-03-09 | Horn Stephen A JR President & CEO | Sell | 33.2K @ $44.98 | $1.49M |
| 2026-03-06 | Adamo Jonathan EVP Chief Portfolio Operations | Sell | 6.00K @ $44.99 | $270K |
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.