NNN REIT (NYSE:NNN) Issues FY 2026 Earnings Guidance

NNN REIT (NYSE:NNN) updated its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.500-3.540 for the period, compared to the consensus estimate of 3.490. The company issued revenue guidance of -.

NNN REIT Trading Down 0.7%

Shares of NYSE:NNN traded down $0.31 during mid-day trading on Thursday, reaching $47.05. The stock had a trading volume of 562,202 shares, compared to its average volume of 1,629,137. The firm has a 50 day simple moving average of $46.78 and a two-hundred day simple moving average of $44.84. NNN REIT has a twelve month low of $38.90 and a twelve month high of $50.00. The firm has a market cap of $8.95 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 7.27 and a beta of 0.79. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.10.

NNN REIT (NYSE:NNN) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. NNN REIT had a return on equity of 8.81% and a net margin of 41.38%.The business had revenue of $244.27 million for the quarter, compared to analyst estimates of $240.19 million. NNN REIT has set its FY 2026 guidance at 3.500-3.540 EPS. On average, research analysts predict that NNN REIT will post 3.49 EPS for the current fiscal year.

NNN REIT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a $0.62 dividend. This is a positive change from NNN REIT’s previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Friday, July 31st. NNN REIT’s dividend payout ratio is 120.39%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Morgan Stanley cut NNN REIT from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective on the stock. in a research note on Monday, July 20th. Robert W. Baird set a $49.00 price target on shares of NNN REIT in a research note on Thursday. Wall Street Zen upgraded shares of NNN REIT from a “sell” rating to a “hold” rating in a research note on Sunday, June 28th. Citigroup raised their target price on shares of NNN REIT from $42.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Barclays boosted their price target on NNN REIT from $43.00 to $45.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $47.30.

NNN REIT News Roundup

Here are the key news stories impacting NNN REIT this week:

• Positive Sentiment: NNN REIT reported second-quarter 2026 EPS of $0.52, topping the $0.51 consensus estimate, while revenue of $244.27 million exceeded expectations of $240.19 million. Funds from operations (FFO) reached $0.90 per share, up from $0.85 a year earlier and above the $0.89 estimate. NNN REIT Announces Second Quarter 2026 Results
• Positive Sentiment: The company raised or reaffirmed its 2026 outlook, targeting EPS of $3.50 to $3.54 versus the $3.49 analyst consensus. Management also increased the midpoint of its 2026 acquisition target to approximately $750 million and forecast AFFO of $3.55 to $3.59 per share, signaling continued investment and steady growth. NNN REIT Boosts Year Guidance After Q2 Earnings Beat
• Neutral Sentiment: Management’s earnings call emphasized stable operating performance and a constructive growth outlook, but the updates largely reinforce the company’s existing strategy rather than represent a major change in its business profile. National Retail Properties Signals Steady Growth Ahead
• Negative Sentiment: Analysts’ consensus recommendation remains “Hold,” indicating that Wall Street sees limited near-term upside despite the earnings beat and guidance update. This neutral rating may be contributing to muted investor reaction. NNN REIT Receives Consensus Hold Recommendation

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in shares of NNN REIT by 11.0% during the third quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock worth $243,000 after buying an additional 567 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in NNN REIT during the fourth quarter worth about $1,300,000. Horizon Investments LLC increased its position in NNN REIT by 65.0% during the third quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust’s stock worth $3,230,000 after acquiring an additional 30,333 shares during the period. Finally, Captrust Financial Advisors raised its stake in NNN REIT by 3.5% in the 2nd quarter. Captrust Financial Advisors now owns 115,265 shares of the real estate investment trust’s stock worth $4,977,000 after purchasing an additional 3,897 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

NNN REIT Company Profile

NNN REIT (NYSE: NNN), formally known as National Retail Properties, is a publicly traded real estate investment trust focused on acquiring, owning and managing a diversified portfolio of retail properties across the United States. As a net-lease REIT, the company enters into long-term, triple-net leases with national and regional tenants, shifting most property-related expenses, including maintenance, taxes and insurance, to its lessees. This structure provides NNN REIT with predictable cash flows and a stable income stream rooted in essential retail uses such as convenience stores, dollar stores, drug stores and quick-service restaurants.

Founded in 1984 and headquartered in Orlando, Florida, NNN REIT has steadily grown its footprint through disciplined acquisitions and selective lease underwriting.