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National Retail Properties Inc Stock Research

NNN

44.15USD+0.85(+1.96%)Market Closed

Market Summary

USD44.15+0.85
Market Closed
1.96%

NNN Stock Price

NNN RSI Chart

NNN Valuation

Market Cap

8.0B

Price/Earnings (Trailing)

23.94

Price/Sales (Trailing)

10.36

Price/Free Cashflow

13.85

NNN Price/Sales (Trailing)

NNN Profitability

Return on Equity

8.12%

Return on Assets

4.11%

Free Cashflow Yield

7.22%

NNN Fundamentals

NNN Revenue

Revenue (TTM)

773.1M

Revenue Y/Y

6.01%

Revenue Q/Q

2.61%

NNN Earnings

Earnings (TTM)

334.6M

Earnings Y/Y

16.88%

Earnings Q/Q

2.53%

Price Action

52 Week Range

37.5548.21
(Low)(High)

Last 7 days

5.2%

Last 30 days

-2.2%

Last 90 days

-3.5%

Trailing 12 Months

1.9%

NNN Financial Health

NNN Investor Care

Dividend Yield

4.89%

Dividend/Share (TTM)

2.16

Buy Backs (1Y)

99.90%

Diluted EPS (TTM)

1.89

Peers (Alternatives to National Retail Properties)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
53.0B
4.2B
2.18% -18.90%
12.18
12.66
22.43% 122.66%
28.6B
4.7B
-1.36% -27.66%
75.78
6.1
5.96% -77.90%
22.7B
2.7B
-1.54% -32.08%
29.23
8.37
11.91% -41.71%
21.4B
2.6B
-12.12% -36.55%
41.11
8.28
22.46% -8.68%
13.2B
1.7B
-4.07% -25.83%
104.43
7.61
26.61% -85.07%
MID-CAP
8.0B
1.1B
-7.32% -17.18%
20.85
7.48
12.95% 47.42%
4.6B
802.0M
-3.51% -5.01%
-362.88
5.72
114.83% 84.36%
2.9B
1.8B
-21.50% -64.10%
-8.51
1.64
13.26% -296.88%
2.3B
859.2M
-11.59% -29.47%
-34.53
2.66
1.38% -563.21%
SMALL-CAP
2.0B
421.4M
4.75% 18.56%
24.12
4.86
3.35% 1705.32%
1.5B
826.7M
-29.95% -68.39%
-19.71
1.86
-2.04% -117.36%
1.1B
190.3M
3.36% 5.05%
12.23
5.92
12.08% 1950.56%
987.5M
740.4M
-12.31% -57.77%
-27.13
1.33
1.87% -78.85%

Financials for National Retail Properties

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue1.5%773762749737726
Operating Expenses-0.4%308309309305300
  S&GA Expenses2.1%42.0041.0042.0044.0045.00
EBITDA-572----
EBITDA Margin-0.79*----
EBT Margin-0.31*----
Interest Expenses0.7%148147144140138
Net Income4.1%335322316315290
Net Income Margin2.6%0.43*0.42*0.42*0.43*-
Free Cahsflow-0.4%578581563572-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets2.4%8,1467,9527,8047,7727,751
    Cash Equivalents-23.6%3.003.003.0054.00171
Liabilities2.0%4,0233,9453,8893,8743,849
Shareholder's Equity2.9%4,1244,0073,9163,8983,902
  Retained Earnings-0.9%-793-786-777-759-747
  Additional Paid-In Capital2.6%4,9284,8054,7054,6704,663
Shares Outstanding1.5%181179177176-
Minority InterestNaN%---0.000.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-0.4%578581563572568
Cashflow From Investing-35.3%-777-574-594-533-432
Cashflow From Financing106.4%35.00-545-214-295-232
  Dividend Payments1.4%381375371369367

Risks for NNN

What is the probability of a big loss on NNN?

20.4%


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

Returns for NNN

Cumulative Returns on NNN

6.5%


10-Year Cumulative Returns

3.8%


7-Year Cumulative Returns

7.1%


5-Year Cumulative Returns

16.5%


3-Year Cumulative Returns

What are the long-term rolling returns for NNN?

FIve years rolling returns for National Retail Properties.

Annualized Returns

Which funds bought or sold NNN recently?

View All Details
Datesorted ascendingFund NameType% 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%

1–10 of 47

Latest Funds Activity

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

National Retail Properties News

Seeking Alpha

National Retail Properties: Lock In A 5.2% Quality Yield On The Dip ....

Seeking Alpha,
36 hours ago

Seeking Alpha

REITs: Internal Vs External Growth.

Seeking Alpha,
5 days ago

Nasdaq

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

NNN Fair Value

National Retail Properties fair value in different scenarios

The table shows the Fair Value estimates for National Retail Properties for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery 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%

Historical National Retail Properties Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of National Retail Properties

View All Filings
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

Latest Insider Trading transactions for NNN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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
-

1–10 of 50

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.

NNN Income Statement

2022-09-30
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended9 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 transactions3693331,1321,920
Total revenues193,471180,357574,533539,146
Operating expenses:    
General and administrative10,12411,07730,90634,693
Real estate5,8756,52119,24620,865
Depreciation and amortization56,38850,976166,512151,831
Leasing transaction costs9686260146
Impairment losses – real estate, net of recoveries9714,7817,22114,647
Executive retirement costs55606,8050
Total operating expenses74,01073,441230,950222,182
Gain on disposition of real estate5,8899,47310,65617,935
Earnings from operations125,350116,389354,239334,899
Other expenses (revenues):    
Interest and other income(33)(61)(120)(159)
Interest expense36,96233,518110,400101,190
Loss on early extinguishment of debt00021,328
Total other expenses (revenues)36,92933,457110,280122,359
Net earnings88,42182,932243,959212,540
Loss attributable to noncontrolling interests0153
Net earnings attributable to NNN88,42182,933243,964212,543
Series F preferred stock dividends0(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)176,900,786174,629,442175,542,356174,610,026
Diluted (in shares)177,367,710174,738,903175,993,907174,716,053
Other comprehensive income:    
Net earnings attributable to NNN$ 88,421$ 82,933$ 243,964$ 212,543
Amortization of interest rate hedges5955651,7702,494
Fair value of forward starting swaps01,58401,584
Comprehensive income attributable to NNN89,01681,914245,734213,453
Comprehensive loss attributable to noncontrolling interests0(1)(5)(3)
Total comprehensive income$ 89,016$ 81,913$ 245,729$ 213,450

NNN Balance Sheet

2022-09-30
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 equivalents3,277171,322
Receivables, net of allowance of $664 and $782, respectively2,9783,154
Accrued rental income, net of allowance of $3,924 and $4,587, respectively28,23131,942
Debt costs, net of accumulated amortization of $21,085 and $19,377, respectively5,8587,443
Other assets85,21187,347
Total assets7,951,8477,751,054
Liabilities:  
Line of credit payable47,5000
Mortgages payable, including unamortized premium and net of unamortized debt costs10,15110,697
Notes payable, net of unamortized discount and unamortized debt costs3,738,8433,735,769
Accrued interest payable57,38423,923
Other liabilities91,03779,002
Total liabilities3,944,9153,849,391
Stockholders’ equity:  
Common stock, $0.01 par value. Authorized 375,000,000 shares; 178,731,891 and 175,635,792 shares issued and outstanding, respectively1,7881,757
Capital in excess of par value4,804,8564,662,714
Accumulated deficit(786,526)(747,853)
Accumulated other comprehensive income (loss)(13,186)(14,956)
Total stockholders’ equity of NNN4,006,9323,901,662
Noncontrolling interests01
Total equity4,006,9323,901,663
Total liabilities and equity$ 7,951,847$ 7,751,054