NNN REIT Inc (N:NNN)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 450 S Orange Ave, Suite 900 ORLANDO FL 32801 |
| Tel: | 1-407-6501228 |
| Website: | https://www.nnnreit.com |
| IR: | See website |
| Key People | ||
| Stephen A. Horn President, Chief Executive Officer, Director | Kevin B. Habicht Chief Financial Officer, Executive Vice President, Treasurer, Director | Michelle L. Miller Executive Vice President, Chief Accounting Officer | Jonathan Adamo Executive Vice President, Portfolio Operations |
| Business Overview |
| NNN REIT, Inc. is a fully integrated real estate investment trust (REIT). The Company's assets are primarily real estate assets. It acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for investment (properties or property portfolio, or individually a property). It owns approximately 3,532 Properties with an aggregate gross leasable area of approximately 35,966,000 square feet, located in 49 states. The Company invests primarily in retail real estate that is located within each local market for its tenant's retail lines of trade. The Company's portfolio includes convenience stores; automotive service; restaurants-full service; restaurants-limited service; family entertainment centers; health and fitness; theaters; recreational vehicle dealers, parts, and accessories; equipment rental; automotive parts; wholesale clubs; home improvement; drug stores; travel plazas; and furniture, among others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, NNN REIT Inc revenues increased 7% to $828.1M. Net income applicable to common stockholders increased 17% to $391.7M. Revenues reflect NAREIT FFO - Per Share - Basic - Total increase of 5% to $3.24, NAREIT FFO - Per Share - Diluted - Total increase of 5% to $3.24, Rental income from operating leases increase of 7% to $805.1M, R.E. Expense Reimbursed increase of 5% to $18.8M. |
| Employees: | 82 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $11,613M as of Dec 31, 2023 |
| Annual revenue (TTM): | $828.11M as of Dec 31, 2023 |
| EBITDA (TTM): | $755.99M as of Dec 31, 2023 |
| Net annual income (TTM): | $391.73M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$587.84M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $4,359M as of Dec 31, 2023 |
| Shares outstanding: | 182,850,322 as of Mar 15, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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