NNN REIT, Inc. (NNN)

In the past six months, NNN's stock has trended upwards by 3.77%. In November 2025, NNN REIT announced its Q3 2025 earnings, exceeding expectations, but the stock closed down 2.27% on the news. Around December 2024, the stock experienced an abrupt decline, shedding over 7% of its market value, attributed to systematic factors and a BNP Paribas analyst downgrade due to concerns about troubled tenants. The company's 52-week stock price has ranged from a low of $35.80 to a high of $44.23.

NNN REIT's business model suggests a relatively stable demand profile due to long-term net leases, which provide consistent cash flow. The company's diversified portfolio across various retail lines of trade further helps to smooth out any potential seasonal impacts. The company's high occupancy rates and long weighted-average lease term indicate a business designed for long-term stability rather than being heavily influenced by seasonal demand shifts.

NNN REIT, Inc. is a real estate investment trust that invests in freestanding retail properties across the United States. The company uses long-term, triple-net leases, transferring most operating expenses to tenants, which provides NNN with stable cash flow. As of September 30, 2025, the company owned 3,697 properties with a gross leasable area of approximately 39.2 million square feet.

NNN REIT, Inc. owns properties in all 50 states across the United States. As of December 31, 2019, a significant portion of its revenue was derived from properties in Texas (17.6%) and Florida (8.8%).

NNN REIT has maintained a generally sound brand reputation, supported by its consistent operating performance and resilient tenant base. In August 2024, S&P Global Ratings affirmed its 'BBB+' issuer credit rating on NNN REIT Inc., with a stable outlook. However, the brand's reputation faced a potential challenge around December 2024 when a BNP Paribas analyst downgraded the REIT due to concerns about troubled tenants.

NNN REIT, Inc. has a substantial institutional ownership base, with 874 institutional owners and shareholders holding a total of 203,660,524 shares. Major institutional owners include Vanguard Group Inc (13.86% of holding), BlackRock, Inc. (13.11% of holding), Fmr Llc (10.96% of holding), State Street Corp (6.33% of holding), and Victory Capital Management Inc (5.20% of holding). Mutual funds and ETFs hold 56.11% of shares outstanding, while other institutional investors hold 35.26%.