NNN — NNN REIT, Inc.

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

About NNN REIT, Inc.

NNN REIT, Inc. invests in high-quality properties subject generally to long-term, net leases with minimal ongoing capital expenditures. As of December 31, 2025, the Company owned 3,692 properties in all 50 states, the District of Columbia and Puerto Rico with a gross leasable area of approximately 39.6 million square feet and a weighted average remaining lease term of 10.2 years. Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$44.85
Market Cap$8.56B
Float188.3M
Shares Outstanding190.2M
P/E (Forward)21.60
P/E (TTM)21.94
Price/Sales (TTM)9.14
vs. Analyst Target+2.8% to analyst PT
Profit Margin41.38%
Operating Margin (TTM)60.55%
Revenue (TTM)$936M
Earnings Growth (YoY)-2.70%
Dividend Rate2.4%
Analyst Target Price$46.10 (18 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $661M $229M $632M $555M
2021 $726M $290M $698M $633M
2022 $773M $335M $747M $707M
2023 $828M $392M $800M $795M
2024 $869M $397M $837M $831M
2025 $926M $390M $352M $860M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $227M $101M
Sep 2025 $230M $96.8M
Dec 2025 $238M $96.0M
Mar 2026 $240M $94.0M

Ownership & Float

Insider Ownership0.9%
Institutional Ownership97.8%
Short Float3.3%
% of All Funds Holding6.18%
Number of Funds Holding508

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$43.97Near-term / short-term trend
Weekly40-Week SMA$42.60Medium-term trend
Weekly80-Week SMA$42.09Cyclical trend (business cycle)
Weekly200-Week SMA$42.59Secular trend (multi-year)
Monthly10-Month SMA$42.46Near-term monthly trend
Monthly20-Month SMA$42.23Medium-term monthly trend
Monthly40-Month SMA$42.24Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$45.00 resistance 1.16x 1 months ago
$42.00 support 1.13x 2 months ago
$39.60 support 1.06x 3 months ago
$39.10 support 1.27x 14 months ago

Historical Earnings Reactions (113 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap -0.01% 0.00% 45.13% 2.46% -2.22%
1 Day -0.15% 0.19% 51.33% 4.71% -10.92%
1 Week 0.34% 0.49% 55.75% 23.02% -21.74%
2 Weeks 0.20% 0.56% 55.75% 23.14% -35.13%
1 Month 0.72% 0.83% 55.36% 31.96% -33.45%

Next earnings: August 5, 2026 (67 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan0.2%47.6%42
Feb0.5%42.9%42
Mar0.4%64.3%42
Apr0.9%47.6%42
May0.1%51.2%41
Jun1.0%58.5%41
Jul1.5%61.0%41
Aug0.5%56.1%41
Sep-0.5%46.3%41
Oct-0.4%53.7%41
Nov0.9%59.5%42
Dec0.9%50.0%42

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday 0.08% 45.3% 1980
Tuesday 0.05% 44.7% 2151
Wednesday -0.04% 42.3% 2149
Thursday 0.07% 44.6% 2108
Friday 0.04% 44.0% 2098

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 97.8%

Insider Transactions — Smart Summary

Total insider ownership: 0.9%

12-Month Insider Activity Summary

Total Filings7
Net Value-$2.6M
Net Shares Change101,870
% of Float0.1%
C-Suite Filings7
Clusters Detected0

Key Insiders

NameTitleNet ValueFilingsActivity
Horn Stephen A JR President and CEO -$1.5M 2 2 sell
Miller Michelle Lynn EVP,Chief Acctg and Tech Officer -$598,120 3 3 sell
Adamo Jonathan EVP Chief Portfolio Operations -$473,796 2 2 sell

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-03-09 Horn Stephen A JR President and CEO -$1.5M Transaction at $44.98, now -0.3%
2026-03-09 Adamo Jonathan EVP Chief Portfolio Operations -$269,940 Transaction at $44.99, now -0.3%
2026-02-18 Miller Michelle Lynn EVP,Chief Acctg and Tech Officer +N/A N/A
2026-02-18 Horn Stephen A JR President and CEO +N/A N/A
2026-02-23 Miller Michelle Lynn EVP,Chief Acctg and Tech Officer -$176,120 Transaction at $44.03, now +1.9%
2025-08-21 Miller Michelle Lynn EVP,Chief Acctg and Tech Officer -$422,000 Transaction at $42.20, now +6.3%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for NNN REIT, Inc. (NNN) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for NNN on Trend Edge →