NNN REIT, Inc. (NNN) Stock Analysis
Real Estate · REIT - Retail
Sell if holding. Analyst target reached at $43.91 — A.R:R is negative (-1.3) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Property Type: six lines of trade (automotive, convenience, restaurant, entertainment, dealerships) (63.0%).
NNN REIT is a Maryland net-lease REIT owning 3,692 commercial properties in all 50 states with 98.3% occupancy and a 10.2-year weighted average remaining lease term as of December 31, 2025. Revenue comes from long-term triple-net lease rents on single-tenant freestanding... Read more
Sell if holding. Analyst target reached at $43.91 — A.R:R is negative (-1.3) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Property Type: six lines of trade (automotive, convenience, restaurant, entertainment, dealerships) (63.0%). Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Score 5.1/10, moderate confidence.
Passes 5/6 gates (positive momentum, clean insider activity, no SEC red flags, earnings proximity no date, semi cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHPropertysix lines of trade (automotive, convenience, restaurant, entertainment, dealerships)63%10-K Item 1A: '63.0% of the Property Portfolio annual base rent is generated from tenants in six lines of trade'
- MEDIUMGeographictop-5 states (Texas, Florida, Illinois, Georgia, Ohio)41%10-K Item 1A: '40.9% of the Property Portfolio annual base rent is generated from properties located in five states: Texas (18.4%), Florida (8.7%), Illinois (5.1%), Georgia (4.5%) and Ohio (4.2%).'
- LOWTenanttop-5 tenants18%10-K Item 1A: '17.8% of the Property Portfolio annual base rent is generated from five tenants: 7-Eleven (4.3%), Mister Car Wash (3.8%), Dave & Buster's (3.6%), Camping World (3.5%) and Kent Distributors (2.6%)'
Material Events(8-K, last 90d)
- 2026-02-19Item 5.02LOWBoard Chair Steven D. Cosler retired effective February 18, 2026 after serving since August 2016. Edward J. Fritsch, independent director since 2012 and former CEO of Highwoods Properties, appointed as successor Chair.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer
Rating Breakdown
1 floor-breaker
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $43.91 — A.R:R is negative (-1.3) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Property Type: six lines of trade (automotive, convenience, restaurant, entertainment, dealerships) (63.0%). Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Prior stop was $42.43. Score 5.1/10, moderate confidence.
Take-profit target: $43.88 (0.0% upside). Prior stop was $42.43. Stop-loss: $42.43.
Concentration risk — Property Type: six lines of trade (automotive, convenience, restaurant, entertainment, dealerships) (63.0%); Analyst target reached - limited upside remaining; Near 52-week high (4.6% away).
NNN REIT, Inc. trades at a P/E of 21.0 (forward 20.5). TrendMatrix value score: 4.3/10. Verdict: Sell.
22 analysts cover NNN with a consensus score of 3.3/5. Average price target: $46.
What does NNN REIT, Inc. do?NNN REIT is a Maryland net-lease REIT owning 3,692 commercial properties in all 50 states with 98.3% occupancy and a...
NNN REIT is a Maryland net-lease REIT owning 3,692 commercial properties in all 50 states with 98.3% occupancy and a 10.2-year weighted average remaining lease term as of December 31, 2025. Revenue comes from long-term triple-net lease rents on single-tenant freestanding properties; tenants bear operating expenses. NNN has increased its annual dividend for 36 consecutive years.