NNN REIT (NNN) | Financial Analysis & Statements

NNN REIT Inc. | Mid-cap | Real Estate

$43.51

-0.39%

NNN REIT vs Simon Property NNN REIT vs Realty Income NNN REIT vs Federal Realty NNN REIT vs Agree Realty NNN REIT vs Brixmor Property NNN REIT vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 869.3M

Gross Profit 836.9M 96.28%

Operating Income 542.2M 62.38%

Net Income 396.8M 45.65%

EPS (Diluted) $2.15

Balance Sheet Metrics

Total Assets 8.9B

Total Liabilities 4.5B

Shareholders Equity 4.4B

Debt to Equity 1.03

Cash Flow Metrics

Operating Cash Flow 663.0M

Free Cash Flow 635.5M

Revenue & Profitability Trend

NNN REIT Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	869.3M	828.1M	773.1M	726.4M	660.7M
Cost of Goods Sold	32.3M	28.4M	26.3M	28.4M	28.4M
Gross Profit	836.9M	799.7M	746.8M	698.0M	632.3M
Operating Expenses	45.1M	47.5M	49.5M	44.8M	38.2M
Operating Income	542.2M	513.6M	473.4M	448.0M	397.5M
Pre-tax Income	396.8M	392.3M	334.6M	290.1M	228.8M
Income Tax	-	-	-	-	-
Net Income	396.8M	392.3M	334.6M	290.1M	228.8M
EPS (Diluted)	$2.15	$2.16	$1.89	$1.51	$1.22

Income Statement Trend

NNN REIT Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	55.3M	51.2M	44.3M	219.4M	333.1M
Non-Current Assets	8.8B	8.6B	8.1B	7.5B	7.3B
Total Assets	8.9B	8.7B	8.1B	7.8B	7.6B
Liabilities
Current Liabilities	29.7M	166.4M	190.0M	23.9M	19.4M
Non-Current Liabilities	4.5B	4.3B	3.8B	3.8B	3.3B
Total Liabilities	4.5B	4.5B	4.0B	3.8B	3.3B
Equity
Total Shareholders Equity	4.4B	4.2B	4.1B	3.9B	4.3B

Balance Sheet Composition

NNN REIT Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	396.8M	392.3M	334.6M	290.1M	228.8M
Operating Cash Flow	663.0M	630.0M	587.6M	543.7M	411.2M
Investing Activities
Capital Expenditures	-	-	-	-	-
Investing Cash Flow	-1.3M	-1.2M	-1.7M	-1.9M	-126.0K
Financing Activities
Dividends Paid	-420.2M	-404.5M	-380.5M	-382.3M	-374.3M
Financing Cash Flow	-207.3M	-840.1M	-487.1M	-232.2M	-485.9M
Free Cash Flow	635.5M	612.4M	578.4M	568.4M	450.2M

Cash Flow Trend

NNN REIT Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 20.29

Forward P/E 21.18

Price to Book 1.87

Price to Sales 9.22

PEG Ratio 21.18

Profitability Ratios

Profit Margin 45.09%

Operating Margin 62.26%

Return on Equity 9.35%

Return on Assets 3.89%

Financial Health

Current Ratio 0.63

Debt to Equity 103.10

Beta 0.92

Per Share Data

EPS (TTM) $2.14

Book Value per Share $23.23

Revenue per Share $4.78

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
nnn	8.2B	20.29	1.87	9.35%	45.09%	103.10
Simon Property	60.4B	25.50	20.38	67.31%	34.25%	773.47
Realty Income	52.7B	53.06	1.35	2.51%	18.10%	69.96
Federal Realty	8.4B	27.70	2.74	9.45%	24.70%	133.51
Agree Realty	8.2B	42.16	1.50	3.55%	30.05%	52.67
Brixmor Property	8.0B	24.93	2.71	11.01%	24.58%	174.37

Financial data is updated regularly. All figures are in the company's reporting currency.