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
- Reported 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 diluted 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 5.1/10.
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: 2026-11-03.
What argues against it
- Concentration risk — Property Type: top-6 lines of trade (63.0%)
- Thin upside margin: 3.3%
- 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
- $41.65
- Price target
- $43.02
- Stop
- $40.16
- Upside to target
- +3.3%
- Reward-to-risk
- 0.7:1
At 21.6× trailing and 20.4× forward earnings, consensus estimates imply little change in earnings power.
Risk check: RSI 10 — a level conventionally read as oversold; trading volume is running 2.2× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-09-17 — 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
- $8.22B
- P/E (fwd)
- 20.4
- P/E (ttm)
- 21.6
- 52-week range
- $38.90–$50.00
- Off 52-week high
- 16.7%
- RSI (14)
- 10
- Volume vs avg
- 2.20×
- Score today
- 5.1/10