Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Valuation
Upturn AI SWOT - About
NNN 
National Retail Properties Inc (NNN)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
08/14/2025: NNN (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Number of Analysts
18 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $44.54
1 Year Target Price $44.54
| 1 | Strong Buy |
| 3 | Buy |
| 12 | Hold |
| 2 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -9.42% | Avg. Invested days 46 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.77B USD | Price to earnings Ratio 19.59 | 1Y Target Price 44.54 |
Price to earnings Ratio 19.59 | 1Y Target Price 44.54 | ||
Volume (30-day avg) 18 | Beta 0.93 | 52 Weeks Range 34.80 - 46.88 | Updated Date 08/15/2025 |
52 Weeks Range 34.80 - 46.88 | Updated Date 08/15/2025 | ||
Dividends yield (FY) 5.58% | Basic EPS (TTM) 2.1 |
Earnings Date
Report Date 2025-08-05 | When Before Market | Estimate 0.49 | Actual 0.48 |
Profitability
Profit Margin 43.9% | Operating Margin (TTM) 60.99% |
Management Effectiveness
Return on Assets (TTM) 3.88% | Return on Equity (TTM) 9.18% |
Valuation
Trailing PE 19.59 | Forward PE 20.37 | Enterprise Value 12405106954 | Price to Sales(TTM) 8.68 |
Enterprise Value 12405106954 | Price to Sales(TTM) 8.68 | ||
Enterprise Value to Revenue 13.87 | Enterprise Value to EBITDA 14.72 | Shares Outstanding 188782000 | Shares Floating 186799680 |
Shares Outstanding 188782000 | Shares Floating 186799680 | ||
Percent Insiders 0.93 | Percent Institutions 91.82 |
Upturn AI SWOT
National Retail Properties Inc
Company Overview
History and Background
National Retail Properties, Inc. (NNN) was founded in 1984. It is a real estate investment trust (REIT) that invests primarily in single-tenant net-leased retail properties throughout the United States. NNN has focused on consistent dividend growth and long-term value creation.
Core Business Areas
- Real Estate Investment: NNN invests in and manages a portfolio of single-tenant retail properties, leasing them to a diverse range of retailers under long-term net leases.
Leadership and Structure
The leadership team includes a CEO (Julian Whitehurst), CFO (Kevin Habicht) and other key executives. The company operates as a REIT with a board of directors overseeing its strategic direction.
Top Products and Market Share
Key Offerings
- Net-Leased Retail Properties: NNN focuses on acquiring, owning, and managing net-leased retail properties. These properties are leased to tenants under long-term agreements where the tenant is responsible for property taxes, insurance, and maintenance. NNN's competitors are REITs focused on similar properties, like Realty Income (O) and Agree Realty (ADC).
Market Dynamics
Industry Overview
The net-lease retail REIT sector is influenced by macroeconomic conditions, interest rates, and retail trends. The industry benefits from stable, predictable income streams from long-term leases. Challenges include tenant bankruptcies and rising interest rates.
Positioning
NNN is a well-established player in the net-lease retail REIT sector, known for its diversified portfolio and consistent dividend payouts. Its competitive advantage lies in its experienced management team, disciplined investment strategy, and strong tenant relationships.
Total Addressable Market (TAM)
The total addressable market for net-lease retail is estimated in the hundreds of billions of dollars. NNN is positioned to capture a portion of this market through strategic acquisitions and portfolio management.
Upturn SWOT Analysis
Strengths
- Diversified tenant base
- Long-term net leases
- Proven track record of dividend growth
- Experienced management team
Weaknesses
- Sensitivity to interest rate changes
- Exposure to retail tenant bankruptcies
- Dependence on external financing for acquisitions
Opportunities
- Acquisition of high-quality net-leased properties
- Expansion into new geographic markets
- Capitalizing on distressed retail assets
- Growth of e-commerce resistant retail categories
Threats
- Rising interest rates
- Economic recession
- Increased competition from other REITs
- Tenant bankruptcies and store closures
Competitors and Market Share
Key Competitors
- Realty Income (O)
- Agree Realty (ADC)
- Essential Properties Realty Trust (EPRT)
Competitive Landscape
NNN competes with other REITs for property acquisitions and tenant relationships. Its competitive advantages include its diversified portfolio and proven track record. Disadvantages could include smaller market capitalization compared to larger peers.
Major Acquisitions
No specific acquisition information readily available without real-time data. To get this, refer to NNN's press releases.
- Year: 2023
- Acquisition Price (USD millions): 0
- Strategic Rationale: Strategic Rational requires checking NNN's official releases.
Growth Trajectory and Initiatives
Historical Growth: NNN has grown through strategic acquisitions and organic rent growth. The company's disciplined investment approach has contributed to consistent performance.
Future Projections: Future growth projections are based on analyst estimates, which can be found on financial news websites. These projections consider factors such as acquisition activity and interest rate movements.
Recent Initiatives: Recent initiatives may include new property acquisitions, portfolio optimization, and capital market activities.
Summary
National Retail Properties (NNN) is a well-established REIT with a history of consistent dividend growth and a diversified portfolio of net-leased retail properties. Its strengths lie in its experienced management and long-term lease structure, providing stable income. However, NNN faces challenges from rising interest rates and potential tenant bankruptcies, requiring careful monitoring of the economic environment and retail trends. They must continue to diversify and acquire strategic properties.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Investor Presentations
- Financial News Websites
- Analyst Reports
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It is not financial advice. Market share percentages are estimates and may not reflect precise values.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About National Retail Properties Inc
Exchange NYSE | Headquaters Orlando, FL, United States | ||
IPO Launch date 1990-03-26 | President, CEO & Director Mr. Stephen A. Horn Jr. | ||
Sector Real Estate | Industry REIT - Retail | Full time employees 83 | Website https://www.nnnreit.com |
Full time employees 83 | Website https://www.nnnreit.com | ||
NNN invests in high-quality properties subject generally to long-term, net leases with minimal ongoing capital expenditures. As of March 31, 2025, the Company owned 3,641 properties in 50 states with a gross leasable area of approximately 37,311,000 square feet and a weighted average remaining lease term of 10 years. NNN is one of only three publicly traded real estate investment trusts to have increased annual dividends for 35 or more consecutive years.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.