The Tip Desk

NNN REIT, INC.

Company Stats

Market Cap
$7.9B
as of Sep 30, 2026
Shares Outstanding
193.9M
Free Float
94.9%

Income Statement

Revenue
$926.2M
Operating Income
$589.5M
Net Income
$389.8M
EBITDA
$857.9M
Revenue Growth, 3Y
6.2%

Balance Sheet

Cash & Equivalents
$5.0M

Returns & Capital

Dividends Paid
$443.2M
Dividend Yield
5.6%
Dividend Payout, 3Y Avg
107.6%
SBC, 3Y Avg
$12.7M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$926.2M——
FY2024$869.3M——
FY2023$828.1M——
FY2022$773.1M——
FY2021$726.4M——

Annual filing data through FY ended December 31, 2025; shares and float as of November 8, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage