NNN REIT (NNN)

Company Profile

national retail properties (nyse: nnn), a real estate investment trust, invests in single-tenant retail properties generally subject to long-term, net leases. the company was formed in 1984 and began trading on the new york stock exchange in 1994. as one of only 96 out of the more than 10,000 publicly-traded companies that have increased annual dividends for 27 or more consecutive years, we are a powerful partner for our retail customers and a proven investment for our shareholders. the average annual total return to shareholders has been 15.7% over the past 25 years. we own a diversified portfolio of 2,293 freestanding retail properties in 47 states with a total gross leasable area of approximately 25.4 million square feet. these properties are leased to more than 400 tenants in 38 industry classifications.

Company profile

Ticker

NNN

Exchange

NYSE

Website

www.nnnreit.com/

CEO

Julian Whitehurst

Incorporated

Maryland

Location

Florida

Fiscal year end

Dec 31

Sector

Finance and Insurance > Other Financial Vehicles

Industry (SIC)

Real Estate Investment Trusts

Starwood Property Trust • AGNC Investment • Annaly Capital Management • Simon Property • Equity Residential Properties Trust • VEREIT • Invesco Mortgage Capital • Vornado Realty • Vornado Realty Trust • Ventas ...

Former names

COMMERCIAL NET LEASE REALTY INC, NATIONAL RETAIL PROPERTIES, INC.

SEC CIK

0000751364

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

CCMH V, LLC • CNL Commercial Mortgage Funding, Inc. • National Retail Properties, LP • Net Lease Funding, Inc. • Net Lease Realty I, Inc. • NNN - NatGro LLC • NNN Athletic I LLC • NNN Brokerage Services, Inc. • NNN CA Auto Svc LLC • NNN GP Corp. ...

IRS number

561431377

NNN stock data

1M 1Y 5Y

Latest filings (excl ownership)

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8-K

Departure of Directors or Certain Officers

1 Nov 23

Results of Operations and Financial Condition

1 Nov 23

8-K

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

15 Aug 23

424B5

Prospectus supplement for primary offering

9 Aug 23

FWP

Free writing prospectus

8 Aug 23

424B5

Prospectus supplement for primary offering

Prospectus supplement for primary offering

3 Aug 23

S-3ASR

Automatic shelf registration

2 Aug 23

Transcripts

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NNN

Earnings call transcript

2023 Q3

1 Nov 23

NNN

Earnings call transcript

2023 Q2

2 Aug 23

NNN

Earnings call transcript

2023 Q1

2 May 23

NNN

Earnings call transcript

2022 Q4

9 Feb 23

NNN

Earnings call transcript

2022 Q3

2 Nov 22

NNN

Earnings call transcript

2022 Q2

3 Aug 22

NNN

Earnings call transcript

2022 Q1

3 May 22

NNN

Earnings call transcript

2021 Q4

9 Feb 22

NNN

Earnings call transcript

2021 Q3

2 Nov 21

NNN

Earnings call transcript

2021 Q2

3 Aug 21

Latest ownership filings

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Notice of proposed sale of securities

28 Nov 23

Michelle Lynn Miller

9 Nov 23

Kamau Omari Witherspoon

Financial summary

Financial statements Chart NNN financial data

Quarter (USD)	Sep 23	Jun 23	Mar 23	Dec 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from NNN REIT earnings reports.

Institutional ownership, Q3 2023

NNN institutional ownership history Ownership history

87.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	392	420	-6.7%
Opened positions	47	46	+2.2%
Closed positions	75	47	+59.6%
Increased positions	170	163	+4.3%
Reduced positions	116	139	-16.5%

13F shares	Current	Prev Q	Change
Total value	5.61 tn	6.85 tn	-18.2%
Total shares	159.29 mm	160.58 mm	-0.8%
Total puts	117.30 k	43.90 k	+167.2%
Total calls	289.40 k	185.00 k	+56.4%
Total put/call ratio	0.4	0.2	+70.8%

Largest owners	Shares	Value	Change
Vanguard	27.17 mm	$960.30 bn	+0.3%
BLK Blackrock	20.72 mm	$732.34 bn	+1.6%
STT State Street	13.37 mm	$472.46 bn	-34.8%
Victory Capital Management	10.48 mm	$370.20 bn	+1.7%
FMR	8.63 mm	$305.10 bn	-11.7%
RY Royal Bank Of Canada	4.86 mm	$171.66 bn	-3.3%
JPM JPMorgan Chase & Co.	3.65 mm	$128.87 bn	+2.1%
Massachusetts Financial Services	3.34 mm	$118.07 bn	+1.4%
Geode Capital Management	3.12 mm	$110.12 bn	+1.9%
Northwood Liquid Management	2.68 mm	$94.76 bn	+14.9%

Largest transactions	Shares	Bought/sold	Change
STT State Street	13.37 mm	-7.14 mm	-34.8%
PGGM Investments	0.00	-2.43 mm	EXIT
Deutsche Bank AG - Registered Shares	216.84 k	-1.68 mm	-88.6%
Lasalle Investment Management Securities	1.25 mm	+1.25 mm	NEW
FMR	8.63 mm	-1.15 mm	-11.7%
Citadel Advisors	1.55 mm	+1.14 mm	+282.0%
Equity Investment	1.03 mm	+1.03 mm	NEW
UBS UBS Group AG - Registered Shares	1.07 mm	+942.26 k	+767.4%
CMTDF Sumitomo Mitsui Trust	1.17 mm	+934.73 k	+396.8%
Nuveen Asset Management	1.42 mm	+913.36 k	+182.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

NNN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
30 Nov 23	Gina M. Steffens	Common Stock	Grant	Acquire A	No	No	40.02	10,000	400.20 k	10,000
27 Nov 23	Jonathan Adamo	Common Stock	Sell	Dispose S	No	No	39.85	4,000	159.40 k	56,450
7 Nov 23	Michelle Lynn Miller	Common Stock	Sell	Dispose S	No	No	38.27	1,250	47.84 k	56,868
31 Oct 23	Pamela K.M. Beall	Common Stock	Grant	Acquire A	Yes	No	35.4	1,024	36.25 k	27,941