NNN is the ticker symbol for NNN REIT, INC., a publicly traded Real Estate sector company listed on NYSE. 13F Pro tracks NNN with AI-powered analysis, a 32-signal quality score, SEC EDGAR financials, insider transactions, and institutional 13F holdings — all sourced directly from public SEC filings.

Is NNN a good stock to buy?

NNN is tracked on 13F Pro with SEC EDGAR data, but is not currently included in our 32-signal AI quality ranking. The full company profile with financials and AI insights is at https://13fpro.ai/company/NNN.

Where does 13F Pro source NNN data?

All NNN REIT, INC. fundamentals and ownership data come directly from SEC EDGAR. NNN REIT, INC. files with the SEC under CIK 751364. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

NNN REIT, INC.(NNN)— Stock Profile, AI Score & Financials

Real Estate · NYSE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated 2026-06-30.

NNN REIT, INC. (NNN) stock profile, AI quality score, and SEC EDGAR financial data, a Real Estate sector company. 13F Pro tracks NNN using direct SEC EDGAR data and AI-powered research tools. Based on the latest XBRL financial filings (Q2 2026), NNN REIT, INC. reports quarterly revenue of $244.3M, net income of $97.9M, an operating margin of 62.0%. Top institutional holders of NNN by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, FMR, based on the most recent SEC filings. NNN trades on the NYSE exchange and files with the SEC under CIK 751364. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NNN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NNN REIT, INC. directly from SEC EDGAR.

AI Rank

#44

Revenue

$244.3M

Net Income

$97.9M

Operating Margin

62.0%

NNN key financials by period

NNN REIT, INC. reported revenue, net income and margins by fiscal period, from SEC filings.
Period	Form	Revenue	Net income	Operating margin
FY 2025	10-K	$926.2M	$389.8M	63.6%
FY 2024	10-K	$869.3M	$396.8M	66.5%
FY 2023	10-K	$828.1M	$392.3M	67.0%
FY 2022	10-K	$773.1M	$334.6M	62.4%
FY 2021	10-K	$726.4M	$290.1M	61.8%
FY 2020	10-K	$660.7M	$228.8M	56.7%

Institutions holding NNN

Institutional investors reporting a position in NNN REIT, INC. on SEC Form 13F.
Institution	Shares	Value	Reported
BlackRock	26,708,613	$1.2B	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT	16,778,215	$780.7M	2026-06-30
FMR	11,436,861	$532.2M	2026-06-30
STATE STREET	11,346,545	$528.0M	2026-06-30
AQR CAPITAL MANAGEMENT	9,773,107	$454.7M	2026-06-30
VANGUARD CAPITAL MANAGEMENT	8,557,962	$398.2M	2026-06-30
VICTORY CAPITAL MANAGEMENT	6,051,488	$281.6M	2026-06-30
COHEN & STEERS	4,979,814	$231.7M	2026-06-30
GEODE CAPITAL MANAGEMENT	4,403,909	$205.0M	2026-06-30
MORGAN STANLEY	3,810,780	$177.3M	2026-06-30

SEC EDGAR: CIK 751364 →

NNN REIT, INC.

NNN

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What's Driving NNN's Business? Latest 10-Q Breakdown

AI-extracted from the 10-Q filed 2026-08-05 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

NNN REIT grew total revenue 7.7% YoY to $244.3M on portfolio expansion, but net earnings fell 2.6% to $97.9M as interest expense and real estate impairments outpaced revenue growth.

Biggest Revenue Drivers

Rental income$242.7M+7.1% YoY

Increase primarily due to rental revenues from recent Property acquisitions

Biggest Revenue Drivers

Total revenue: $244.3M+7.7% YoY

Rental income$242.7M+7.1% YoY

Increase primarily due to rental revenues from recent Property acquisitions

Within Rental income

Rental Revenues$237.8M+7.1% YoY

Real estate expense reimbursement from tenants$4.9M+10.6% YoY

Largest Expense Items

Depreciation and amortization$71.0M+3.9% YoY

Increase attributable to growth in Property Portfolio from recent acquisitions, partially offset by dispositions

Interest expense$53.5M+8.5% YoY

Driven by July 2025 note issuance and Term Loan draws during the period

Margins: Total operating expenses rose 8.8% YoY, outpacing revenue growth, as G&A climbed to 5.8% of revenue (from 4.9%) and impairments nearly doubled; non-reimbursed real estate expense fell on fewer vacant properties.

Watch Items from the Filing

Real estate impairment losses, net of recoveries, rose to $8.1M in Q2 2026 from $4.5M in Q2 2025, driven by 10 vacant properties versus 6 a year earlier.
Net earnings fell to $97.9M from $100.5M as interest expense (+8.5% YoY to $53.5M) and impairments outpaced revenue growth.
Top line-of-trade concentrations are automotive service (18.6%), convenience stores (15.9%) and restaurants (14.0%) of ABR; portfolio is geographically concentrated in the southeastern (25.4%) and southern (24.2%) U.S.
Occupancy improved to 99.1% leased (from 98.3% at year-end 2025) with a 10.1-year weighted average remaining lease term.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →