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National Retail Properties Inc Stock Research

NNN

37.76USD-0.40(-1.05%)Market Closedas of 21 Sep 2023, 09:48 am
Watchlist

Market Summary

USD37.76-0.40
Market Closedas of 21 Sep 2023, 09:48 am
-1.05%

NNN Alerts

  • Big jump in Earnings (Y/Y)

NNN Stock Price

NNN RSI Chart

NNN Valuation

Market Cap

7.0B

Price/Earnings (Trailing)

18.92

Price/Sales (Trailing)

8.71

Price/Free Cashflow

11.56

NNN Price/Sales (Trailing)

NNN Profitability

Return on Equity

8.31%

Return on Assets

4.17%

Free Cashflow Yield

8.65%

NNN Fundamentals

NNN Revenue

Revenue (TTM)

798.7M

Revenue Y/Y

6.21%

Revenue Q/Q

-0.72%

NNN Earnings

Earnings (TTM)

368.0M

Earnings Y/Y

33.08%

Earnings Q/Q

9.47%

Price Action

52 Week Range

37.5548.21
(Low)(High)

Last 7 days

0.5%

Last 30 days

-1.0%

Last 90 days

-8.4%

Trailing 12 Months

-10.3%

NNN Financial Health

NNN Investor Care

Dividend Yield

5.77%

Dividend/Share (TTM)

2.2

Shares Dilution (1Y)

4.26%

Diluted EPS (TTM)

2.05

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for NNN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-08-14
Adamo Jonathan
acquired
396,600
39.66
10,000
evp, portfolio operations
2023-07-31
Witherspoon Kamau Omari
acquired
52,540
42.82
1,227
-
2023-07-31
FICK DAVID M
acquired
64,058
42.82
1,496
-
2023-07-31
COSLER STEVEN D
acquired
78,788
42.82
1,840
-
2023-07-31
Gulacsy Elizabeth
acquired
41,663
42.82
973
-
2023-07-31
Beall Pamela K.M.
acquired
36,268
42.82
847
-
2023-07-31
FRITSCH EDWARD J
acquired
36,268
42.82
847
-
2023-07-31
HOLDEN BETSY D
acquired
45,432
42.82
1,061
-
2023-04-28
FRITSCH EDWARD J
acquired
33,146
42.88
773
-
2023-04-28
Witherspoon Kamau Omari
acquired
48,197
42.88
1,124
-

1–10 of 50

Which funds bought or sold NNN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-12
Farther Finance Advisors, LLC
added
5.11
663
36,115
0.01%
2023-09-08
TUCKER ASSET MANAGEMENT LLC
sold off
-100
-1,987
-
-%
2023-08-24
Alberta Investment Management Corp
new
-
1,225,850
1,225,850
0.01%
2023-08-23
Stonebridge Capital Advisors LLC
new
-
3,380
3,380
-%
2023-08-23
WOLVERINE TRADING, LLC
added
18.9
70,260
467,260
-%
2023-08-22
VIRGINIA RETIREMENT SYSTEMS ET AL
added
384
11,733,500
14,912,300
0.14%
2023-08-21
BOKF, NA
unchanged
-
-2,448
77,022
-%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-6.36
-963,537
9,461,380
0.01%
2023-08-21
OSAIC HOLDINGS, INC.
added
9.47
615,083
10,610,100
0.02%
2023-08-21
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
10.28
86,000
1,340,000
0.01%

1–10 of 47

Latest Funds Activity

Are funds buying NNN calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own NNN
No. of Funds

Schedule 13G FIlings of National Retail Properties

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

Recent SEC filings of National Retail Properties

View All Filings
Date Filed Form Type Document
Aug 15, 2023
8-K
Current Report
Aug 14, 2023
3
Insider Trading
Aug 14, 2023
3/A
Insider Trading
Aug 14, 2023
4
Insider Trading
Aug 09, 2023
424B5
Prospectus Filed
Aug 08, 2023
424B5
Prospectus Filed
Aug 08, 2023
FWP
Prospectus Filed
Aug 03, 2023
424B5
Prospectus Filed
Aug 03, 2023
8-K
Current Report
Aug 02, 2023
10-Q
Quarterly Report

NNN Fair Value

Loading...

Peers (Alternatives to National Retail Properties)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
48.1B
4.4B
-0.64% -17.74%
11.24
10.95
14.80% 87.79%
38.3B
5.1B
5.88% 19.36%
89.57
7.47
13.73% -68.04%
23.7B
2.0B
-0.94% -9.83%
28.39
11.73
-22.97% -33.54%
20.0B
2.7B
-1.78% -21.80%
26.64
7.46
15.16% 88.51%
11.4B
1.8B
-1.65% -8.89%
28.27
6.5
6.75% -42.80%
MID-CAP
8.0B
1.1B
1.83% 2.50%
20.52
7.18
8.31% 38.10%
4.9B
820.5M
3.48% 19.66%
174.46
5.97
29.95% 125.56%
4.8B
1.8B
19.66% -1.21%
-12.91
2.63
5.60% -286.96%
2.6B
866.2M
4.87% 36.72%
-29.3
2.95
0.51% -335.26%
SMALL-CAP
2.7B
882.0M
26.74% -0.07%
-6.14
3.08
11.76% -239.94%
2.4B
426.3M
-1.04% 52.78%
25.4
5.64
1.38% 137.97%
1.1B
732.3M
9.89% -25.11%
-13.31
1.55
-0.03% -4012.90%
1.0B
339.3M
-9.41% -15.44%
-5.79
3.02
88.48% -168.70%

National Retail Properties News

DirectorsTalk Interviews
NNN REIT, Inc. - Consensus 'buy' rating and 18.9% Upside Potential.
DirectorsTalk Interviews,
2 days ago
GuruFocus.com
StreetInsider.com
Form N-PX MFS SERIES TRUST VI For: Jun 30.
StreetInsider.com,
23 days ago
StreetInsider.com
Yahoo Finance
Is Now A Good Time To Buy NNN REIT?.
Yahoo Finance,
34 days ago
The Motley Fool
PR Newswire
Dividend Growth Investor
July 2023.
Dividend Growth Investor,
52 days ago

Returns for NNN

Cumulative Returns on NNN

6.5%


10-Year Cumulative Returns

0.1%


7-Year Cumulative Returns

1.0%


5-Year Cumulative Returns

4.9%


3-Year Cumulative Returns

Risks for NNN

What is the probability of a big loss on NNN?

21.5%


Probability that National Retail Properties stock will be more than 20% underwater in next one year

19.6%


Probability that National Retail Properties stock will be more than 30% underwater in next one year.

19.6%


Probability that National Retail Properties stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does NNN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if National Retail Properties was unfortunately bought at previous high price.

Drawdowns

Financials for National Retail Properties

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue1.5%799787773762749737726702681665661671681682671658645635624614607
Operating Expenses-0.9%310313308309309305300295292302302306310293286289275267263251252
  S&GA Expenses2.3%44.0043.0042.0041.0042.0044.0045.0044.0042.0040.0038.0039.0038.0038.0038.0036.0036.0035.0034.0035.0034.00
EBITDA-------572563560556555552549544538538530524---
EBITDA Margin-------0.79*0.80*0.82*0.84*0.84*0.82*0.81*0.80*0.80*0.81*0.82*0.82*---
Interest Expenses2.2%154150148147144140138133132130129128126124120125122119116108109
EBT Margin-------0.31*0.33*0.34*0.34*0.35*0.34*0.34*0.33*0.34*0.35*0.35*0.36*---
Net Income7.1%368343335322316315290274247220229241252284299262277269292328307
Net Income Margin-100.0%-0.44*0.43*0.42*0.42*0.43*0.40*0.39*0.36*0.33*0.35*0.36*0.37*0.42*0.44*------
Free Cashflow-100.0%-595578581563572568555543483450452454486502------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets1.3%8,3468,2388,1467,9527,8047,7727,7518,1337,6767,7127,6387,6357,6337,6477,4357,6287,2537,1377,1037,3596,745
    Cash Equivalents-29.6%2.003.003.003.003.0054.001715442503112672952252171.003542.0081.001146082.00
Liabilities2.3%4,1964,1034,0233,9453,8893,8743,8493,8733,4053,4243,3193,3473,3223,3463,1033,0013,0302,9842,9493,2822,756
Shareholder's Equity0.4%4,1504,1354,1244,0073,9163,8983,9024,2604,2714,2884,3194,2874,3114,3014,3324,6274,2224,1534,1554,0773,989
  Retained Earnings-0.1%-804-803-793-786-777-759-747-720-705-683-644-611-573-526-499-469-443-432-424-372-368
  Additional Paid-In Capital0.3%4,9644,9484,9284,8054,7054,6704,6634,6494,6454,6404,6344,5694,5554,4994,4954,4804,0423,9583,9503,8243,734
Shares Outstanding0.2%182182181179175175--174,611174,589-172,681--172165162161162157154
Minority Interest------0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations1.3%602595578581563572568555543483450452454486502505479485472457435
Cashflow From Investing-0.8%-736-730-777-574-594-533-432-478-268-200-142-258-343-557-619-724-685-599-609-504-515
Cashflow From Financing56.1%13687.0035.00-545-214-295-232173-249-188-41.25-2511112075.00-34.7620719025040179.00
  Dividend Payments1.8%394387381375371369367365362359356354348341334325319311303296288

NNN Income Statement

2023-06-30
Condensed Consolidated Statements Of Income And Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:    
Rental income$ 202,426$ 190,536$ 406,056$ 380,299
Interest and other income from real estate transactions214247692763
Total revenues202,640190,783406,748381,062
Operating expenses:    
General and administrative10,7409,74022,99120,782
Real estate6,8366,17313,68213,371
Depreciation and amortization59,87557,444119,023110,124
Leasing transaction costs5276127164
Real estate impairments, net of recoveries344,6182,6746,250
Executive retirement costs3092,6557326,249
Total operating expenses77,84680,706159,229156,940
Gain on disposition of real estate13,93077520,2304,767
Earnings from operations138,724110,852267,749228,889
Other expenses (revenues):    
Interest and other income(74)(52)(107)(87)
Interest expense40,09436,73978,98573,438
Total other expenses (revenues)(40,020)36,68778,87873,351
Net earnings98,70474,165188,871155,538
Loss attributable to noncontrolling interests0605
Net earnings attributable to common stockholders$ 98,704$ 74,171$ 188,871$ 155,543
Net earnings per share of common stock:    
Basic (in dollars per share)$ 0.54$ 0.42$ 1.04$ 0.89
Diluted (in dollars per share)$ 0.54$ 0.42$ 1.04$ 0.89
Weighted average number of common shares outstanding:    
Basic (in shares)181,092,031174,956,856180,969,809174,867,049
Diluted (in shares)181,627,857175,107,914181,544,275175,021,871
Other comprehensive income:    
Net earnings attributable to NNN$ 98,704$ 74,171$ 188,871$ 155,543
Amortization of interest rate hedges6165921,2231,175
Comprehensive income attributable to NNN99,32074,763190,094156,718
Comprehensive loss attributable to noncontrolling interests0(6)0(5)
Total comprehensive income$ 99,320$ 74,757$ 190,094$ 156,713

NNN Balance Sheet

2023-06-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS  
Real estate portfolio, net of accumulated depreciation and amortization$ 8,221,192$ 8,020,814
Cash and cash equivalents2,2812,505
Restricted cash or cash held in escrow2,9714,273
Receivables, net of allowance of $686 and $708, respectively2,2463,612
Accrued rental income, net of allowance of $3,861 and $3,836, respectively28,42227,795
Debt costs, net of accumulated amortization of $22,807 and $21,663, respectively4,3335,352
Other assets84,49081,694
Total assets8,345,9358,146,045
Liabilities:  
Line of credit payable332,500166,200
Mortgages payable, including unamortized premium and net of unamortized debt costs09,964
Notes payable, net of unamortized discount and unamortized debt costs3,742,0123,739,890
Accrued interest payable24,77923,826
Other liabilities96,41082,663
Total liabilities4,195,7014,022,543
Stockholders’ equity:  
Common stock, $0.01 par value. Authorized 375,000,000 shares; 182,407,911 and 181,424,670 shares issued and outstanding, respectively1,8251,815
Capital in excess of par value4,963,8084,928,034
Accumulated deficit(804,040)(793,765)
Accumulated other comprehensive income (loss)(11,359)(12,582)
Total stockholders’ equity of NNN4,150,2344,123,502
Total liabilities and equity$ 8,345,935$ 8,146,045
Stephen A. Horn
70
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2020, the company owned 3,114 properties in 48 states with a gross leasable area of approximately 32.4 million square feet and with a weighted average remaining lease term of 10.7 years.