NNN

NNN REIT, Inc.
NYSEUSDEQUITY Real Estate DELAYED
Last price
46.24
▲ 0.15 (0.33%)
MARKET ·

Price

Open
46.09
Prev close
46.09
Day high
46.44
Day low
45.65
Volume
565.55K
Market cap
$8.72B
P/E (TTM)
22.58
52W range
38.90 – 50.00

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
-0.37% +1.0%
1M
-5.78% -9.5%
3M
+1.89% -1.2%
6M
+3.34% -7.7%
YTD
+15.64% +3.4%
1Y
+8.37% -11.6%
3Y
+18.52% -55.7%
5Y

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Fundamentals

TTM · reported
Market cap$8.72B
Enterprise value$13.79B
Revenue (TTM)$953.25M
Gross profit$916.01M
EBITDA$860.66M
Net income$383.94M
EPS (TTM)$2.03
Free cash flow$-1.37B
Total cash$4.22M
Total debt$5.00B
Book value / share$23.24
Shares outstanding190.25M
Float179.64M
Short % of float5.24%
Dividend yield5.41%
Beta (5Y)0.78

Valuation & profitability ratios

Account required
Trailing P/E22.58
Forward P/E21.79
PEG ratio4.79
Price / sales
Price / book1.97
EV / revenue14.47
EV / EBITDA16.03
Gross margin96.09%
Operating margin61.70%
Profit margin40.35%
Return on equity8.72%
Return on assets3.91%
Debt / equity112.12
Current ratio0.18
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

Annual · as reported
Last 4 fiscal years
Line item2025202420232022
Total revenue$926.21M$869.27M$828.11M$773.05M
Cost of revenue$0$0$0$0
Gross profit$0$0$0$0
R&D
SG&A
Operating income
Pre-tax income
Tax provision$0$0$0$0
Net income$389.78M$396.83M$392.34M$334.63M
EBIT$0$0$0$0

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 0.510.51 +0.1%
Mar 2026 0.510.49 -4.1%
Dec 2025 0.500.51 +1.2%
Sep 2025 0.480.49 +2.5%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 0.53 3 $246.75M +7.2%
Next quarter 0.53 3 $249.96M +4.8%
Current year 2.07 2 $978.60M +5.7%
Next year 2.10 4 $1.03B +5.5%

Analyst targets & ownership

Account required
Mean target$47.80
High target$50.50
Low target$45.00
Implied upside3.37%
Analyst count15
ConsensusHOLD
Strong buy / Buy0 / 2
Hold12
Sell / Strong sell0 / 3
Held by insiders0.86%
Held by institutions102.15%
Institutions holding788
Free account required

Price targets, consensus spread, insider and institutional ownership.

Insider net activity

6m · Form 4 rollup
Net shares
-28.78K
Net selling
Buy transactions
12
14.41K shares
Sell transactions
3
43.19K shares
Net transactions
+15
Buys less sells
Sell : buy shares
3.0 : 1
Mixed
Insider-held shares
1.65M
Total on file
Bought 14.41KSold 43.19K

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Jul 31, 26
GULACSY ELIZABETH C.
Director
STOCK 1.04K $50.02K Direct
Jul 31, 26
HOLDEN BETSY DEHAAS
Director
STOCK 1.22K $58.59K Direct
Jul 31, 26
WITHERSPOON KAMAU OMARI
Director
STOCK 1.35K $65.13K Direct
Jul 31, 26
BEALL PAMELA K. M.
Director
STOCK 831 $40.00K Indirect
Jul 31, 26
FICK DAVID M
Director
STOCK 1.72K $82.56K Direct
Jul 31, 26
FRITSCH EDWARD J
Director
STOCK 1.12K $53.82K Direct
Apr 30, 26
GULACSY ELIZABETH C.
Director
STOCK 1.05K $45.65K Direct
Apr 30, 26
HOLDEN BETSY DEHAAS
Director
STOCK 1.24K $54.09K Direct
Apr 30, 26
WITHERSPOON KAMAU OMARI
Director
STOCK 1.39K $60.54K Direct
Apr 30, 26
BEALL PAMELA K. M.
Director
STOCK 833 $36.25K Indirect
Apr 30, 26
FICK DAVID M
Director
STOCK 1.79K $77.77K Direct
Apr 30, 26
FRITSCH EDWARD J
Director
STOCK 833 $36.25K Direct
Mar 9, 26
HORN STEPHEN A JR
Chief Executive Officer
SELL 33.19K $1.49M Direct
Mar 6, 26
ADAMO JONATHAN
Chief Operating Officer
SELL 6.00K $269.94K Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
ADAMO JONATHAN
Chief Operating Officer 126.36K Sale
CHAO VINCENT H.
Chief Financial Officer 115.28K Stock Award(Grant)
COSLER STEVEN D
Director 67.12K Stock Award(Grant)
FICK DAVID M
Director 72.68K Stock Award(Grant)
FRITSCH EDWARD J
Director 65.61K Stock Award(Grant)
HABICHT KEVIN B
Chief Financial Officer 379.11K Stock Award(Grant)
HORN STEPHEN A JR
Chief Executive Officer 822.71K Sale
LEWIS JOSHUA PHILLIP
Chief Investment Officer 81.99K Stock Award(Grant)
MILLER MICHELLE LYNN
Chief Technology Officer 93.82K Sale
STEFFENS GINA M
General Counsel 89.79K Stock Award(Grant)

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
45.94
+0.65% from price
SMA 20
46.91
-2.31% from price
SMA 50
47.06
-2.62% from price
SMA 100
45.63
+1.33% from price
SMA 200
43.82
+4.59% from price
EMA 12
46.30
-0.13% from price
EMA 26
46.74
-1.06% from price
EMA 50
46.64
-0.85% from price
RSI (14)
40.4
Neutral
MACD (12,26,9)
-0.44
Hist -0.12
ATR (14)
0.76
1.66% of price
Realised vol 30D
17.4%
Annualised
Bollinger upper
49.23
20, 2σ
Bollinger lower
44.59
20, 2σ
50 / 200 cross
Golden
47.06 vs 43.82
Trend bias
Above 200
+4.59%

Risk profile

Daily returns · 1Y window
Beta vs SPY
-0.05
Less volatile than market
Correlation to SPY
-0.04
Largely independent
Realised vol 30D
17.4%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-9.9%
Peak to trough
Max drawdown 5Y
-28.3%
Peak to trough
ATR 14
0.76
1.66% of price
Beta (reported)
0.78
5Y monthly, from filing

Unusual options activity

Account required
Flagged2
Total notional$284.20K
Call notional$284.20K
Put notional$0
Tiltcall-weighted
Likely opening2 of 2
SideStrikeExpiryVolumeOpen int. Vol / OINotionalIV PrintScore
CALL 40.00 Sep 18, 26
27d
200 0 3.0× $154.60K 54% at ask
77
CALL 40.00 Mar 19, 27
209d
200 23 8.7× $129.60K 21% mid
67
How this is calculated, and what it cannot see

A contract is flagged when today's volume approaches or exceeds its open interest, the position is worth at least $40,000, and at least 150 contracts changed hands. Open interest is what was outstanding at yesterday's close, so volume above it means the flow cannot all be closing — something is being opened.

The score weights four things: volume against open interest, dollar notional, volume against the rest of that chain, and where the last print sat inside the bid/ask spread.

What it cannot see. Volume here is a daily total, so ten small orders and one large one are indistinguishable — this is not block or sweep detection, which needs exchange-level time and sales. The print column compares the last trade to the current quote, which is a proxy for who was the aggressor, not a tagged flag. Quotes are delayed. A single large trade can be a hedge, a roll, or one leg of a spread, and none of those mean what a naked directional bet would mean.

Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Options analytics

Account required
Put / call volume
0.72
Call-heavy session
Put / call open interest
0.48
Positioning, not flow
Max pain
45.00
-1.8% from spot
ATM implied vol
19.5%
Nearest strike to spot
Skew (10% OTM)
+12.9%
Puts bid over calls
Call volume
244
Contracts, this expiry
Put volume
176
Contracts, this expiry
Heaviest call OI
45.00
1.53K contracts
Heaviest put OI
40.00
537 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Options chain

Account required
ExpirySpot 46.24
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.