NNN Reit (NNN)
NYSEReal EstateReit - RetailSnapshot 2026-09-04
$44.63-1.22%
Close 2026-09-04 · 1-day change
NYSEReal EstateReit - RetailSnapshot 2026-09-04
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 | 8.8% |
| Our one-year growth estimate | diamond | 5.6% |
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 2026-09-04.
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 3.2 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 21 industry peers · Company calendar date is not available
NNN — credit agreement
Dated 2026-06-23
Entry into a Material Definitive Agreement. NNN REIT, Inc. (the “Company”) entered into that the certain First Amendment to Term Loan Agreement and Agreement Regarding Additional Term Loans dated June 23, 2026 (the “Term Loan Amendment”), with a syndicate of lenders from time to time party thereto and with Wells Fargo Bank, National Association, as the Administrative Agent (the “Administrative Agent”). The Term Loan Amendment amends that certain Term Loan Agreement dated as of December 17, 20…
Why it matters: A higher disposition volume means better asset management. It also shows smart use of capital.
Supportive ifDisposition volume was over $200 million in Q2 2026.
Worry ifDisposition volume was below $170 million in Q2 2026.
Why it matters: The real estate sector is maturing. If revenue growth picks up, it could signal a positive shift for NNN REIT.
Supportive ifSector revenue growth shows signs of re-accelerating back toward prior highs.
Worry ifSector revenue growth continues to decline or remains stagnant.
Why it matters: An increase in dividends shows financial health. It also shows a commitment to shareholders.
Supportive ifAnnouncement of a dividend increase above $0.62 per share.
Worry ifNo increase in the dividend or a decrease in the dividend amount.
Why it matters: More acquisitions mean strong growth and good use of capital.
Supportive ifAcquisition volume is more than $700 million.
Worry ifAcquisition volume is less than $700 million.
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 | ±$71 on $10,000 · ±0.7% | How much price usually moves either way. |
| Bad day | $148 loss on $10,000 · 1.5% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,000 loss on $10,000 · 10.0% | 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.
Why it matters: A longer lease term shows steady rental income and tenant loyalty.
Supportive ifWeighted average lease term increases above 10.5 years.
Worry ifWeighted average lease term decreases below 10.1 years.
Why it matters: High occupancy helps keep rental income steady and growing.
Supportive ifOccupancy has stayed above 99% for two quarters.
Worry ifPortfolio occupancy drops below 99% in the next quarter.
Why it matters: More asset sales show better management and possible cash flow growth.
Supportive ifManagement says asset sales will be more than $200 million.
Worry ifAsset sales guidance stays at or below $170 million.
Why it matters: Higher AFFO guidance shows strong performance and growth for NNN.
Supportive ifManagement raises AFFO per share guidance above $3.59 for 2026.
Worry ifManagement keeps or lowers AFFO per share guidance under $3.53.
Why it matters: This report will show how the company is doing financially and any updates.
Watch forEarnings report shows net earnings per share above $0.50.
Also watch forEarnings report shows net earnings per share below $0.50.
Why it matters: A steady or higher dividend shows trust in cash flow and financial strength.
Supportive ifDividend declared at $0.60 per share or higher.
Worry ifDividend declared below $0.60 per share.
Why it matters: Confirming the raised Core FFO guidance signals strong ongoing earnings growth. This supports investor confidence.
Supportive ifCore FFO per share for Q3 confirms within the new range of $3.50 - $3.54.
Worry ifCore FFO per share falls below $3.50.
Why it matters: Hitting the new acquisition volume shows good use of money and a growth plan.
Supportive ifAcquisition volume for Q3 reaches at least $700 million.
Worry ifAcquisition volume for Q3 falls below $700 million.
Why it matters: A higher dividend shows financial strength and a promise to give value to shareholders.
Supportive ifQuarterly dividend set at $0.62 or more.
Worry ifQuarterly dividend stays at $0.60 or less.