NNN - National Retail Properties Inc Stock Price, Fair Value and News

40.60USD+0.60 (+1.50%)Market Closed

Market Summary

USD40.60+0.60

Market Closed

1.50%

NNN Stock Price

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NNN RSI Chart

NNN Valuation

Market Cap

7.4B

Price/Earnings (Trailing)

18.88

Price/Sales (Trailing)

8.95

EV/EBITDA

11.79

Price/Free Cashflow

12.1

NNN Price/Sales (Trailing)

NNN Profitability

EBT Margin

27.62%

Return on Equity

9.44%

Return on Assets

4.53%

Free Cashflow Yield

8.27%

NNN Fundamentals

NNN Revenue

Revenue (TTM)

828.1M

Rev. Growth (Yr)

8.92%

Rev. Growth (Qtr)

5.41%

NNN Earnings

Earnings (TTM)

392.3M

Earnings Growth (Yr)

6.64%

Earnings Growth (Qtr)

-9.46%

Breaking Down NNN Revenue

Last 7 days

1.5%

Last 30 days

-4.4%

Last 90 days

-2.4%

Trailing 12 Months

-6.0%

How does NNN drawdown profile look like?

NNN Financial Health

NNN Investor Care

Dividend Yield

5.49%

Dividend/Share (TTM)

2.23

Shares Dilution (1Y)

0.58%

Diluted EPS (TTM)

2.16

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	786.9M	798.7M	810.4M	828.1M
2022	736.9M	748.7M	761.8M	773.1M
2021	665.4M	680.7M	702.4M	726.4M
2020	682.0M	680.9M	671.0M	660.7M
2019	635.3M	644.6M	657.6M	670.7M
2018	596.5M	606.5M	614.3M	624.5M
2017	548.4M	563.0M	576.2M	585.3M
2016	493.7M	507.5M	518.9M	533.8M
2015	447.0M	458.6M	471.9M	482.9M
2014	405.1M	414.4M	423.5M	434.9M
2013	378.0M	378.3M	378.6M	393.5M
2012	330.5M	345.4M	361.6M	377.7M
2011	249.0M	274.0M	302.0M	315.4M
2010	228.6M	228.4M	228.1M	227.9M
2009	0	0	227.9M	228.8M
2008	0	0	0	227.0M

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

Tracking the Latest Insider Buys and Sells of National Retail Properties Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 14, 2024	steffens gina m.	acquired	891,356	39.72	22,441	evp, general counsel
Feb 14, 2024	miller michelle lynn	acquired	734,065	39.72	18,481	evp, chief accounting officer
Feb 14, 2024	horn stephen a jr	back to issuer	-	-	-7,905	president & ceo
Feb 14, 2024	habicht kevin b	acquired	3,114,600	39.72	78,414	evp, chief financial officer
Feb 14, 2024	miller michelle lynn	back to issuer	-	-	-1,593	evp, chief accounting officer
Feb 14, 2024	habicht kevin b	back to issuer	-	-	-8,980	evp, chief financial officer
Feb 14, 2024	horn stephen a jr	acquired	7,760,330	39.72	195,376	president & ceo
Feb 14, 2024	adamo jonathan	acquired	786,496	39.72	19,801	evp, portfolio operations
Jan 31, 2024	beall pamela k.m.	acquired	36,269	40.57	894	-
Jan 31, 2024	fritsch edward j	acquired	36,269	40.57	894	-

Which funds bought or sold NNN recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 19, 2024	State of Alaska, Department of Revenue	added	0.34	-40,000	8,058,000	0.09%
Apr 19, 2024	Maryland State Retirement & Pension System	unchanged	-	-47,868	544,973	0.01%
Apr 19, 2024	Sumitomo Mitsui Trust Holdings, Inc.	reduced	-79.8	-35,249,000	8,831,150	0.01%
Apr 19, 2024	Riverwater Partners LLC	reduced	-0.52	-7,534	551,645	0.41%
Apr 19, 2024	TRUST POINT INC.	reduced	-0.89	-5,238	299,351	0.02%
Apr 19, 2024	ALBION FINANCIAL GROUP /UT	added	18.65	321,540	2,142,340	0.16%
Apr 18, 2024	MV CAPITAL MANAGEMENT, INC.	added	50.00	42.00	129	-%
Apr 18, 2024	Capital Advisors, Ltd. LLC	added	70.00	1,000	1,000	-%
Apr 18, 2024	Aspire Private Capital, LLC	unchanged	-	-34.00	4,060	-%
Apr 18, 2024	McGlone Suttner Wealth Management, Inc.	sold off	-100	-2,526	-	-%

Are Funds Buying or Selling NNN?

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

Unveiling National Retail Properties Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	14.81%	27,021,535	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Feb 07, 2024	victory capital management inc	-	10,708,793	SC 13G
Jan 29, 2024	state street corp	7.20%	13,130,983	SC 13G/A
Jan 24, 2024	blackrock inc.	11.6%	21,246,504	SC 13G/A
Feb 10, 2023	state street corp	12.31%	21,995,639	SC 13G/A
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

Recent SEC filings of National Retail Properties Inc

View All Filings

Date Filed	Form Type	Document
Apr 17, 2024	8-K	Current Report
Apr 02, 2024	ARS	ARS
Mar 22, 2024	DEF 14A	DEF 14A
Feb 21, 2024	S-3ASR	S-3ASR
Feb 15, 2024	4	Insider Trading
Feb 15, 2024	4	Insider Trading
Feb 15, 2024	4	Insider Trading
Feb 15, 2024	4	Insider Trading
Feb 15, 2024	4	Insider Trading
Feb 13, 2024	SC 13G/A	Major Ownership Report

Peers (Alternatives to National Retail Properties Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	80.4B	11.1B	-10.61%	-15.58%	58.79	7.21	4.04%	-19.43%
CCI	41.3B	7.0B	-7.49%	-24.51%	27.5	5.92	-0.07%	-10.36%
AVB	26.5B	2.8B	2.03%	7.82%	28.59	9.59	6.73%	-18.30%
ARE	19.9B	3.0B	-5.54%	-4.71%	103.23	6.73	10.44%	-74.28%
AMH	12.9B	1.6B	-2.28%	7.19%	29.74	8	7.80%	39.39%
REG	10.9B	1.3B	-0.17%	-2.44%	29.99	8.27	8.04%	-24.50%
BXP	9.6B	3.3B	-3.05%	17.69%	50.62	2.94	5.31%	-77.32%
MID-CAP
FRT	8.4B	1.1B	1.65%	4.00%	35.43	7.42	5.38%	-38.52%
MAC	3.4B	884.1M	-7.59%	58.53%	-12.37	3.83	2.90%	-314.82%
SLG	3.3B	899.4M	-4.04%	119.88%	-5.83	3.66	-0.45%	-623.11%
SMALL-CAP
AAT	1.3B	441.2M	1.09%	18.62%	20.03	2.94	4.38%	15.77%
AIV	1.2B	198.2M	1.38%	2.14%	-7.46	5.71	-43.33%	-270.70%
MFA	1.1B	605.6M	-8.77%	0.29%	13.38	1.77	25.53%	134.62%
NYMT	644.1M	258.7M	1.58%	-30.85%	-13.24	2.49	0.11%	83.70%
IVR	406.1M	277.9M	-11.04%	-20.87%	-25.61	1.46	44.33%	96.06%

National Retail Properties Inc News

Latest updates

National Retail Properties Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	5.4%	216	205	203	204	199	193	191	190	187	180	179	180	163	159	164	175	174	169	165	164	161
Operating Expenses	8.2%	84.00	77.00	78.00	81.00	77.00	74.00	81.00	76.00	78.00	73.00	77.00	72.00	73.00	71.00	87.00	72.00	76.00	75.00	69.00	66.00	79.00
S&GA Expenses	3.0%	11.00	10.00	11.00	12.00	11.00	10.00	10.00	11.00	10.00	11.00	12.00	12.00	9.00	9.00	9.00	10.00	10.00	9.00	9.00	10.00	8.00
EBITDA Margin	-0.8%	0.76*	0.77*	0.77*	0.77*	0.78*	0.78*	0.78*	0.78*	0.79*	0.80*	0.82*	0.84*	0.84*	0.82*	-	-	-	-	-	-	-
Interest Expenses	4.5%	43.00	42.00	40.00	39.00	38.00	37.00	37.00	37.00	37.00	34.00	33.00	35.00	32.00	32.00	32.00	34.00	30.00	30.00	30.00	30.00	35.00
Income Taxes	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBT Margin	-2.1%	0.28*	0.28*	0.29*	0.29*	0.30*	0.30*	0.31*	0.31*	0.31*	0.33*	0.34*	0.34*	0.35*	0.34*	-	-	-	-	-	-	-
Net Income	-9.5%	97.00	107	99.00	90.00	91.00	88.00	74.00	81.00	78.00	83.00	73.00	57.00	61.00	56.00	46.00	65.00	74.00	67.00	79.00	80.00	37.00
Net Income Margin	-0.6%	0.47*	0.48*	0.46*	0.44*	0.43*	0.42*	0.42*	0.43*	0.40*	0.39*	0.36*	0.33*	0.35*	0.36*	-	-	-	-	-	-	-
Free Cashflow	-36.5%	122	192	118	181	113	190	111	164	115	172	120	161	101	161	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	1.2%	8,662	8,561	8,346	8,238	8,146	7,952	7,804	7,772	7,751	8,133	7,676	7,712	7,638	7,635	7,633	7,647	7,435	7,628	7,253	7,137	7,103
Cash Equivalents	-98.5%	1.00	77.00	2.00	3.00	3.00	3.00	3.00	54.00	171	544	250	311	267	295	225	217	1.00	354	2.00	81.00	114
Liabilities	2.3%	4,505	4,403	4,196	4,103	4,023	3,945	3,889	3,874	3,849	3,873	3,405	3,424	3,319	3,347	3,322	3,346	3,103	3,001	3,030	2,984	2,949
Shareholder's Equity	0.0%	4,157	4,158	4,150	4,135	4,124	4,007	3,916	3,898	3,902	4,260	4,271	4,288	4,319	4,287	4,311	4,301	4,332	4,627	4,222	4,153	4,155
Retained Earnings	-0.7%	-805	-799	-804	-803	-793	-786	-777	-759	-747	-720	-705	-683	-644	-611	-573	-526	-499	-469	-443	-432	-424
Additional Paid-In Capital	0.1%	4,972	4,967	4,964	4,948	4,928	4,805	4,705	4,670	4,663	4,649	4,645	4,640	4,634	4,569	4,555	4,499	4,495	4,480	4,042	3,958	3,950
Shares Outstanding	0.0%	182	182	182	182	181	176	175	175	175	-	174,600	174,589	-	171,707	-	-	-	-	-	-	-
Minority Interest	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Float	-	-	-	7,736	-	-	-	7,534,963	-	-	-	8,177	-	-	-	6,111	-	-	-	8,616	-	-

Cashflow (Last 12 Months)

(In Millions)

Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-36.5%	122	192	118	181	113	190	111	164	115	172	120	161	101	161	60.00	128	103	164	92.00	143	106
Cashflow From Investing	-64.9%	-244	-148	-145	-142	-250	-197	-139	-189	-48.02	-216	-78.73	-88.51	-94.25	-7.10	-10.82	-30.65	-210	-91.19	-224	-93.03	-315
Cashflow From Financing	-40.2%	30.00	50.00	27.00	-39.93	141	7.00	-21.61	-92.28	-439	338	-102	-28.66	-34.75	-83.71	-41.64	119	-244	279	55.00	-84.09	-284
Dividend Payments	0.0%	103	103	100	99.00	98.00	97.00	93.00	93.00	93.00	93.00	91.00	91.00	90.00	90.00	88.00	88.00	88.00	84.00	81.00	81.00	79.00

NNN Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Rental income	$ 826,090,000	$ 771,618,000	$ 723,859,000
Interest and other income from real estate transactions	2,021,000	1,435,000	2,548,000
Total revenues	828,111,000	773,053,000	726,407,000
Operating expenses:
General and administrative	43,746,000	41,695,000	44,640,000
Real estate	28,378,000	26,281,000	28,385,000
Depreciation and amortization	238,625,000	223,834,000	205,220,000
Leasing transaction costs	299,000	320,000	203,000
Impairment losses - real estate, net of recoveries	5,990,000	8,309,000	21,957,000
Executive retirement costs	3,454,000	7,520,000	0
Total operating expenses	320,492,000	307,959,000	300,405,000
Gain on disposition of real estate	47,485,000	17,443,000	23,094,000
Earnings from operations	555,104,000	482,537,000	449,096,000
Other expenses (revenues):
Interest and other income	(1,134,000)	(149,000)	(216,000)
Interest expense	163,898,000	148,065,000	137,874,000
Loss on early extinguishment of debt	0	0	21,328,000
Total other expenses (revenues)	162,764,000	147,916,000	158,986,000
Net earnings	392,340,000	334,621,000	290,110,000
Loss (earnings) attributable to noncontrolling interests	0	5,000	3,000
Net earnings attributable to NNN	392,340,000	334,626,000	290,113,000
Excess of redemption value over carrying value of preferred shares redeemed	0	0	(10,897,000)
Net earnings attributable to common stockholders	$ 392,340,000	$ 334,626,000	$ 264,217,000
Net earnings per share of common stock:
Basic (in dollars per share)	$ 2.16	$ 1.89	$ 1.51
Diluted (in dollars per share)	$ 2.16	$ 1.89	$ 1.51
Weighted average number of common shares outstanding:
Basic (in shares)	181,200,040	176,403,656	174,710,921
Diluted (in shares)	181,689,723	177,067,865	174,818,899
Other comprehensive income:
Net earnings attributable to NNN	$ 392,340,000	$ 334,626,000	$ 290,113,000
Amortization of interest rate hedges	2,471,000	2,374,000	3,073,000
Fair value of forward starting swaps	0	0	(1,584,000)
Comprehensive income attributable to NNN	394,811,000	337,000,000	291,602,000
Comprehensive income attributable to non-controlling interests	0	(5,000)	(3,000)
Total comprehensive income	394,811,000	336,995,000	291,599,000
Series F Preferred Stock
Other expenses (revenues):
Preferred stock dividends	$ 0	$ 0	$ (14,999,000)

NNN Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Real estate portfolio, net of accumulated depreciation and amortization	$ 8,535,851,000	$ 8,020,814,000
Cash and cash equivalents	1,189,000	2,505,000
Restricted cash and cash held in escrow	3,966,000	4,273,000
Receivables, net of allowance of $669 and $708, respectively	3,649,000	3,612,000
Accrued rental income, net of allowance of $4,168 and $3,836, respectively	34,611,000	27,795,000
Debt costs, net of accumulated amortization of $23,952 and $21,663, respectively	3,243,000	5,352,000
Other assets	79,459,000	81,694,000
Total assets	8,661,968,000	8,146,045,000
Liabilities:
Line of credit payable	132,000,000	166,200,000
Mortgages payable, including unamortized premium and net of unamortized debt costs	0	9,964,000
Notes payable, net of unamortized discount and unamortized debt costs	4,228,544,000	3,739,890,000
Accrued interest payable	34,374,000	23,826,000
Other liabilities	109,593,000	82,663,000
Total liabilities	4,504,511,000	4,022,543,000
Commitments and contingencies (Note 13)
Stockholders’ equity:
Common stock, $0.01 par value. Authorized 375,000,000 shares; 182,474,770 and 81,424,670 shares issued and outstanding, respectively	1,826,000	1,815,000
Capital in excess of par value	4,971,625,000	4,928,034,000
Accumulated deficit	(805,883,000)	(793,765,000)
Accumulated other comprehensive income (loss)	(10,111,000)	(12,582,000)
Total stockholders’ equity of NNN	4,157,457,000	4,123,502,000
Total liabilities and equity	$ 8,661,968,000	$ 8,146,045,000

About National Retail Properties Inc

NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of June 30, 2023, the company owned 3,479 properties in 49 states with a gross leasable area of approximately 35.5 million square feet and with a weighted average remaining lease term of 10.2 years. NNN is one of only three publicly traded REITs to have increased annual dividends for 34 or more consecutive years.

CEO	Mr. Stephen A. Horn Jr.
WEBSITE	nnnreit.com
INDUSTRY	REIT Mortgage
EMPLOYEES	77

National Retail Properties Inc Frequently Asked Questions

What is the ticker symbol for National Retail Properties Inc? What does NNN stand for in stocks?

NNN is the stock ticker symbol of National Retail Properties Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of National Retail Properties Inc (NNN)?

As of Mon Apr 22 2024, market cap of National Retail Properties Inc is 7.41 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of NNN stock?

You can check NNN's fair value in chart for subscribers.

What is the fair value of NNN stock?

You can check NNN's fair value in chart for subscribers. The fair value of National Retail Properties Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of National Retail Properties Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for NNN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is National Retail Properties Inc a good stock to buy?

The fair value guage provides a quick view whether NNN is over valued or under valued. Whether National Retail Properties Inc is cheap or expensive depends on the assumptions which impact National Retail Properties Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for NNN.

What is National Retail Properties Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 22 2024, NNN's PE ratio (Price to Earnings) is 18.88 and Price to Sales (PS) ratio is 8.95. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. NNN PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on National Retail Properties Inc's stock?

In the past 10 years, National Retail Properties Inc has provided 0.058 (multiply by 100 for percentage) rate of return.