NNN Reit (NNN)
NYSEReal EstateReit - RetailSnapshot 2026-11-04
$41.46-0.41%
Close 2026-11-05 · 1-day change
NYSEReal EstateReit - RetailSnapshot 2026-11-04
QuarterlyIQ Insights · NNN
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 2.5% |
| Our one-year growth estimate | diamond | 4.8% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the opposite direction.
Price observations: 365 days
Usually moved in the opposite direction.
Price observations: 365 days
Most sensitive to real (inflation-adjusted) rates and long-term interest rates.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 2.4 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 17 industry peers
NNN — earnings miss
Dated 2026-11-04
Results of Operations and Financial Condition. On November 4, 2026, NNN REIT, Inc. (the "Company") issued a press release announcing its results of operations and financial condition for the quarter and nine months ended September 30, 2026. The press release is attached hereto as Exhibit 99.1. The press release is available on the Company's website. The information in this Form 8-K is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of…
Why it matters: Occupancy rose to 99.1% in Q2 from 98.6% in Q1. A drop would weaken evidence that the portfolio remains full.
Worry ifReported occupancy falls below 98.6% in a later quarter, reversing the rise from Q1 to Q2.
Less concerning ifReported occupancy stays at or above 99.0% in the next quarter.
Why it matters: The next report tests the raised profit and acquisition targets. A cut would break the progress seen in the first half.
Worry ifOn November 4, NNN cuts its $3.55 to $3.59 AFFO range or its $700 million to $800 million acquisition range.
Less concerning ifNNN keeps both ranges unchanged or raises either range in its November 4 report.
Why it matters: Q2 AFFO per share rose to $0.90, and full-year guidance also rose. A Q3 result near or above that mark would support the growth trend.
Supportive ifQ3 AFFO per share is at least $0.90, and full-year guidance stays at $3.55 to $3.59 or rises.
Worry ifQ3 AFFO per share falls below $0.87, or management cuts the $3.55 to $3.59 full-year range.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$72 on $10,000 · ±0.7% | How much price usually moves either way. |
| Bad day | $169 loss on $10,000 · 1.7% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,966 loss on $10,000 · 19.7% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.