Last 7 days
5.2%
Last 30 days
-2.2%
Last 90 days
-3.5%
Trailing 12 Months
1.9%
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PSA | 53.0B | 4.2B | 2.18% | -18.90% | 12.18 | 12.66 | 22.43% | 122.66% |
DLR | 28.6B | 4.7B | -1.36% | -27.66% | 75.78 | 6.1 | 5.96% | -77.90% |
EQR | 22.7B | 2.7B | -1.54% | -32.08% | 29.23 | 8.37 | 11.91% | -41.71% |
ARE | 21.4B | 2.6B | -12.12% | -36.55% | 41.11 | 8.28 | 22.46% | -8.68% |
KIM | 13.2B | 1.7B | -4.07% | -25.83% | 104.43 | 7.61 | 26.61% | -85.07% |
MID-CAP | ||||||||
FRT | 8.0B | 1.1B | -7.32% | -17.18% | 20.85 | 7.48 | 12.95% | 47.42% |
KRG | 4.6B | 802.0M | -3.51% | -5.01% | -362.88 | 5.72 | 114.83% | 84.36% |
VNO | 2.9B | 1.8B | -21.50% | -64.10% | -8.51 | 1.64 | 13.26% | -296.88% |
MAC | 2.3B | 859.2M | -11.59% | -29.47% | -34.53 | 2.66 | 1.38% | -563.21% |
SMALL-CAP | ||||||||
SKT | 2.0B | 421.4M | 4.75% | 18.56% | 24.12 | 4.86 | 3.35% | 1705.32% |
SLG | 1.5B | 826.7M | -29.95% | -68.39% | -19.71 | 1.86 | -2.04% | -117.36% |
AIV | 1.1B | 190.3M | 3.36% | 5.05% | 12.23 | 5.92 | 12.08% | 1950.56% |
PGRE | 987.5M | 740.4M | -12.31% | -57.77% | -27.13 | 1.33 | 1.87% | -78.85% |
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | 1.5% | 773 | 762 | 749 | 737 | 726 |
Operating Expenses | -0.4% | 308 | 309 | 309 | 305 | 300 |
S&GA Expenses | 2.1% | 42.00 | 41.00 | 42.00 | 44.00 | 45.00 |
EBITDA | - | 572 | - | - | - | - |
EBITDA Margin | - | 0.79* | - | - | - | - |
EBT Margin | - | 0.31* | - | - | - | - |
Interest Expenses | 0.7% | 148 | 147 | 144 | 140 | 138 |
Net Income | 4.1% | 335 | 322 | 316 | 315 | 290 |
Net Income Margin | 2.6% | 0.43* | 0.42* | 0.42* | 0.43* | - |
Free Cahsflow | -0.4% | 578 | 581 | 563 | 572 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | 2.4% | 8,146 | 7,952 | 7,804 | 7,772 | 7,751 |
Cash Equivalents | -23.6% | 3.00 | 3.00 | 3.00 | 54.00 | 171 |
Liabilities | 2.0% | 4,023 | 3,945 | 3,889 | 3,874 | 3,849 |
Shareholder's Equity | 2.9% | 4,124 | 4,007 | 3,916 | 3,898 | 3,902 |
Retained Earnings | -0.9% | -793 | -786 | -777 | -759 | -747 |
Additional Paid-In Capital | 2.6% | 4,928 | 4,805 | 4,705 | 4,670 | 4,663 |
Shares Outstanding | 1.5% | 181 | 179 | 177 | 176 | - |
Minority Interest | NaN% | - | - | - | 0.00 | 0.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | -0.4% | 578 | 581 | 563 | 572 | 568 |
Cashflow From Investing | -35.3% | -777 | -574 | -594 | -533 | -432 |
Cashflow From Financing | 106.4% | 35.00 | -545 | -214 | -295 | -232 |
Dividend Payments | 1.4% | 381 | 375 | 371 | 369 | 367 |
20.4%
19.6%
19.6%
Y-axis is the maximum loss one would have experienced if National Retail Properties was unfortunately bought at previous high price.
6.5%
3.8%
7.1%
16.5%
FIve years rolling returns for National Retail Properties.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-27 | Neo Ivy Capital Management | sold off | -100 | -32,000 | - | -% |
2023-03-23 | MetLife Investment Management, LLC | reduced | -1.04 | 616,611 | 5,149,050 | 0.04% |
2023-03-22 | Campion Asset Management | reduced | -4.58 | 20,410 | 238,410 | 0.23% |
2023-03-17 | American Portfolios Advisors | unchanged | - | -11,513 | 146,153 | 0.01% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 0.51 | 52,443,100 | 393,342,000 | 0.43% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 9.14 | 58,000 | 286,000 | -% |
2023-02-28 | Voya Investment Management LLC | added | 14.06 | 3,614,580 | 15,298,600 | 0.02% |
2023-02-24 | Bridgewealth Advisory Group, LLC | new | - | 245,868 | 245,868 | 0.48% |
2023-02-22 | CVA Family Office, LLC | sold off | -100 | -10,000 | - | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 16.87 | 332,000 | 1,300,000 | 0.01% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 09, 2023 | fmr llc | - | 0 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 14.98% | 26,777,900 | SC 13G/A | |
Jan 23, 2023 | blackrock inc. | 11.3% | 20,125,181 | SC 13G/A | |
Feb 11, 2022 | state street corp | 10.44% | 18,330,427 | SC 13G/A | |
Feb 10, 2022 | vanguard group inc | 14.71% | 25,837,049 | SC 13G/A | |
Feb 09, 2022 | fmr llc | - | 0 | SC 13G/A | |
Jan 27, 2022 | blackrock inc. | 11.5% | 20,113,625 | SC 13G/A | |
Jan 25, 2022 | blackrock inc. | 11.5% | 20,113,625 | SC 13G/A | |
Mar 24, 2021 | pggm investments | 4.73% | 8 | SC 13G | |
Feb 11, 2021 | state street corp | 10.17% | 17,660,187 | SC 13G |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | 26.49 -40.00% | 33.33 -24.51% | 41.33 -6.39% | 52.65 19.25% | 60.41 36.83% |
Current Inflation | 24.69 -44.08% | 30.48 -30.96% | 37.09 -15.99% | 46.53 5.39% | 52.94 19.91% |
Very High Inflation | 22.46 -49.13% | 27.05 -38.73% | 32.11 -27.27% | 39.45 -10.65% | 44.38 0.52% |
Date Filed | Form Type | Document | |
---|---|---|---|
Mar 23, 2023 | DEF 14A | DEF 14A | |
Feb 16, 2023 | 4 | Insider Trading | |
Feb 16, 2023 | 4 | Insider Trading | |
Feb 16, 2023 | 4 | Insider Trading | |
Feb 16, 2023 | 4 | Insider Trading | |
Feb 10, 2023 | SC 13G/A | Major Ownership Report | |
Feb 09, 2023 | SC 13G/A | Major Ownership Report | |
Feb 09, 2023 | 10-K | Annual Report | |
Feb 09, 2023 | 8-K | Current Report | |
Feb 09, 2023 | SC 13G/A | Major Ownership Report |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-02-15 | Tessitore Christopher Paul | back to issuer | - | - | -5,457 | evp, chief general counsel |
2023-02-15 | Miller Michelle Lynn | acquired | 621,238 | 46.65 | 13,317 | evp, chief accounting officer |
2023-02-15 | Miller Michelle Lynn | back to issuer | - | - | -1,440 | evp, chief accounting officer |
2023-02-15 | HABICHT KEVIN B | acquired | 2,852,930 | 46.65 | 61,156 | evp, chief financial officer |
2023-02-15 | Horn Stephen A JR | back to issuer | - | - | -5,398 | president & ceo |
2023-02-15 | HABICHT KEVIN B | back to issuer | - | - | -8,258 | evp, chief financial officer |
2023-02-15 | Horn Stephen A JR | acquired | 6,267,190 | 46.65 | 134,345 | president & ceo |
2023-02-15 | Tessitore Christopher Paul | acquired | 1,819,820 | 46.65 | 39,010 | evp, chief general counsel |
2023-01-31 | FRITSCH EDWARD J | acquired | 33,104 | 46.89 | 706 | - |
2023-01-31 | FICK DAVID M | acquired | 59,456 | 46.89 | 1,268 | - |
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Revenues: | ||||
Rental income | $ 193,102 | $ 180,024 | $ 573,401 | $ 537,226 |
Interest and other income from real estate transactions | 369 | 333 | 1,132 | 1,920 |
Total revenues | 193,471 | 180,357 | 574,533 | 539,146 |
Operating expenses: | ||||
General and administrative | 10,124 | 11,077 | 30,906 | 34,693 |
Real estate | 5,875 | 6,521 | 19,246 | 20,865 |
Depreciation and amortization | 56,388 | 50,976 | 166,512 | 151,831 |
Leasing transaction costs | 96 | 86 | 260 | 146 |
Impairment losses – real estate, net of recoveries | 971 | 4,781 | 7,221 | 14,647 |
Executive retirement costs | 556 | 0 | 6,805 | 0 |
Total operating expenses | 74,010 | 73,441 | 230,950 | 222,182 |
Gain on disposition of real estate | 5,889 | 9,473 | 10,656 | 17,935 |
Earnings from operations | 125,350 | 116,389 | 354,239 | 334,899 |
Other expenses (revenues): | ||||
Interest and other income | (33) | (61) | (120) | (159) |
Interest expense | 36,962 | 33,518 | 110,400 | 101,190 |
Loss on early extinguishment of debt | 0 | 0 | 0 | 21,328 |
Total other expenses (revenues) | 36,929 | 33,457 | 110,280 | 122,359 |
Net earnings | 88,421 | 82,932 | 243,959 | 212,540 |
Loss attributable to noncontrolling interests | 0 | 1 | 5 | 3 |
Net earnings attributable to NNN | 88,421 | 82,933 | 243,964 | 212,543 |
Series F preferred stock dividends | 0 | (4,485) | 0 | (13,455) |
Net earnings attributable to common stockholders | $ 88,421 | $ 78,448 | $ 243,964 | $ 199,088 |
Net earnings per share of common stock: | ||||
Basic (in dollars per share) | $ 0.50 | $ 0.45 | $ 1.39 | $ 1.14 |
Diluted (in dollars per share) | $ 0.50 | $ 0.45 | $ 1.38 | $ 1.14 |
Weighted average number of common shares outstanding: | ||||
Basic (in shares) | 176,900,786 | 174,629,442 | 175,542,356 | 174,610,026 |
Diluted (in shares) | 177,367,710 | 174,738,903 | 175,993,907 | 174,716,053 |
Other comprehensive income: | ||||
Net earnings attributable to NNN | $ 88,421 | $ 82,933 | $ 243,964 | $ 212,543 |
Amortization of interest rate hedges | 595 | 565 | 1,770 | 2,494 |
Fair value of forward starting swaps | 0 | 1,584 | 0 | 1,584 |
Comprehensive income attributable to NNN | 89,016 | 81,914 | 245,734 | 213,453 |
Comprehensive loss attributable to noncontrolling interests | 0 | (1) | (5) | (3) |
Total comprehensive income | $ 89,016 | $ 81,913 | $ 245,729 | $ 213,450 |
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
---|---|---|
ASSETS | ||
Real estate portfolio | $ 7,826,292 | $ 7,449,846 |
Cash and cash equivalents | 3,277 | 171,322 |
Receivables, net of allowance of $664 and $782, respectively | 2,978 | 3,154 |
Accrued rental income, net of allowance of $3,924 and $4,587, respectively | 28,231 | 31,942 |
Debt costs, net of accumulated amortization of $21,085 and $19,377, respectively | 5,858 | 7,443 |
Other assets | 85,211 | 87,347 |
Total assets | 7,951,847 | 7,751,054 |
Liabilities: | ||
Line of credit payable | 47,500 | 0 |
Mortgages payable, including unamortized premium and net of unamortized debt costs | 10,151 | 10,697 |
Notes payable, net of unamortized discount and unamortized debt costs | 3,738,843 | 3,735,769 |
Accrued interest payable | 57,384 | 23,923 |
Other liabilities | 91,037 | 79,002 |
Total liabilities | 3,944,915 | 3,849,391 |
Stockholders’ equity: | ||
Common stock, $0.01 par value. Authorized 375,000,000 shares; 178,731,891 and 175,635,792 shares issued and outstanding, respectively | 1,788 | 1,757 |
Capital in excess of par value | 4,804,856 | 4,662,714 |
Accumulated deficit | (786,526) | (747,853) |
Accumulated other comprehensive income (loss) | (13,186) | (14,956) |
Total stockholders’ equity of NNN | 4,006,932 | 3,901,662 |
Noncontrolling interests | 0 | 1 |
Total equity | 4,006,932 | 3,901,663 |
Total liabilities and equity | $ 7,951,847 | $ 7,751,054 |