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

NNN REIT (NYSE:NNN) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 3.480-3.540 for the period, compared to the consensus estimate of 3.480. The company issued revenue guidance of -.

NNN REIT Stock Performance

NYSE:NNN traded up $0.19 during trading hours on Friday, hitting $43.98. 1,294,415 shares of the company were exchanged, compared to its average volume of 1,537,795. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. NNN REIT has a 52-week low of $38.90 and a 52-week high of $46.03. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 5.83 and a beta of 0.85. The company’s 50 day moving average price is $44.01 and its 200-day moving average price is $42.25.

NNN REIT (NYSE:NNN) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). NNN REIT had a return on equity of 8.89% and a net margin of 42.08%.The company had revenue of $240.01 million for the quarter, compared to analyst estimates of $237.76 million. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. As a group, research analysts forecast that NNN REIT will post 3.48 earnings per share for the current year.

NNN REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.5%. NNN REIT’s dividend payout ratio is currently 115.94%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NNN. Raymond James Financial restated a “market perform” rating on shares of NNN REIT in a research note on Tuesday, March 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of NNN REIT in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft raised shares of NNN REIT from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Tuesday, January 20th. UBS Group lifted their price objective on shares of NNN REIT from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Monday, March 9th. Finally, Royal Bank Of Canada increased their price objective on shares of NNN REIT from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Friday. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.41.

Insider Transactions at NNN REIT

In other news, CEO Stephen A. Horn, Jr. sold 33,192 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $44.98, for a total value of $1,492,976.16. Following the sale, the chief executive officer owned 822,711 shares in the company, valued at $37,005,540.78. This represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan Adamo sold 6,000 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $44.99, for a total value of $269,940.00. Following the sale, the executive vice president directly owned 126,358 shares in the company, valued at approximately $5,684,846.42. This trade represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.90% of the stock is owned by corporate insiders.

Trending Headlines about NNN REIT

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

• Positive Sentiment: NNN raised FY‑2026 earnings guidance to $3.480–$3.540 and reiterated guidance in its Q1 release — management is comfortable with forward cash‑flow outlook, which supports the dividend and valuation. NNN REIT, Inc. Announces First Quarter 2026 Results and Increases 2026 Guidance
• Positive Sentiment: NNN raised 2026 AFFO per share guidance to $3.53–$3.59 and plans $550M–$650M of acquisitions — signals growth via accretive deals and stronger AFFO outlook, a key metric for REIT valuation. NNN REIT raises 2026 AFFO per share guidance…
• Positive Sentiment: Q1 revenue of $240.01M topped estimates (~$237.8M) and was +4.1% YoY — underlying rent roll and portfolio performance showed resilience. NNN REIT Q1 revenue and materials
• Neutral Sentiment: Royal Bank of Canada raised its price target modestly from $43 to $44 but kept a “sector perform” rating — small analyst support but not a strong upgrade signal. RBC price target note
• Neutral Sentiment: Full Q1 earnings call transcript, slide deck and analyst writeups are available for details on portfolio, leasing and capital‑allocation commentary. Useful for investors who want management color on acquisition pipeline and financing. Q1 2026 Earnings Call Transcript (Yahoo) Seeking Alpha transcript
• Negative Sentiment: Q1 EPS was $0.50, missing consensus by $0.01 and down from $0.87 year‑ago — the EPS decline raises questions on one‑time items or non‑cash impacts and tempers the positive guidance. Zacks Q1 analysis

Institutional Trading of NNN REIT

A number of hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its holdings in NNN REIT by 3.5% in the second quarter. Captrust Financial Advisors now owns 115,265 shares of the real estate investment trust’s stock valued at $4,977,000 after buying an additional 3,897 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of NNN REIT by 11.0% during the 3rd quarter. Parallel Advisors LLC now owns 5,713 shares of the real estate investment trust’s stock worth $243,000 after acquiring an additional 567 shares in the last quarter. Horizon Investments LLC grew its position in shares of NNN REIT by 65.0% during the 3rd quarter. Horizon Investments LLC now owns 77,022 shares of the real estate investment trust’s stock valued at $3,230,000 after acquiring an additional 30,333 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new position in shares of NNN REIT in the 4th quarter valued at about $1,300,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

About NNN REIT

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.