NNN REIT (NNN) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $0.51
- Estimate
- $0.51
- Surprise
- +0.1%
- Revenue (period 2026-06-30)
- $244.3M
- Score at report (before → after)
- 4.6 → 4.7/10
Revenue source: mixed.
How the report landed
NNN REIT (NNN) reported adjusted EPS of $0.51, in line with the $0.51 estimate. TrendMatrix's engine moved from Buy (Wait) (4.6/10) to Sell at 4.7/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates NNN Sell at 5.2/10.
2 of the last 4 quarters beat the estimate; this quarter's +0.1% surprise compares with a -0.1% four-quarter average. Next scheduled report: 2026-11-04.
What argues against it
- Concentration risk — Property Type: top-6 lines of trade (63.0%)
- Thin upside margin: 5.8%
- V7 low-quality RISK_OFF penalty: -0.5 (Q=5.3)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $40.19
- Price target
- $42.52
- Stop
- $38.87
- Upside to target
- +5.8%
- Reward-to-risk
- 1.2:1
At 20.1× trailing and 19.3× forward earnings, consensus estimates imply little change in earnings power.
Model outputs from TrendMatrix’s engine as of 2026-10-07 — shown for context, not personalized investment advice.
NNN at TrendMatrix's latest read
REIT quarters hinge on occupancy, rate exposure, and FFO rather than headline EPS, which mechanically distorts under depreciation.
- Industry
- REIT - Retail
- Market cap
- $7.78B
- P/E (fwd)
- 19.3
- P/E (ttm)
- 20.1
- 52-week range
- $38.90–$50.00
- Off 52-week high
- 19.6%
- RSI (14)
- 31
- Volume vs avg
- 0.26×
- Score today
- 5.2/10