NNN REIT Inc (NNN)

NYSE · Real Estate · REIT - Retail · USA

NNN REIT Inc is a mid cap company (market value between $2 billion and $10 billion) in the REIT - Retail industry.

NNN REIT Inc is a real estate investment trust that acquires, owns and develops properties leased to tenants under long-term, net-lease agreements. Tenants bear responsibility for operating expenses under triple-net lease structures. Its portfolio generates stable returns through minimal capital requirements and long-term tenant relationships.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the NNN REIT Inc stock.

Our verdict on NNN

Undervalued: intrinsic value $57.21 per share, market price $41.59, margin of safety 27.3% (as of 2026-10-20).

Discounting its cash flows at 9.1% (average of 3 methods) values the shares at $57.21; the price of $41.59 is 27% below that value, and 76% of that value comes from beyond year five.

Leak Score: 64/100 on 10 of 12 signals (Faint Leak).

ETFs with the most weight in NNN

17 more funds hold it; the full list is part of the paid plan.

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Cheaper than NNN in REIT - Retail

5 more in this industry show a wider margin of safety.

Is NNN undervalued or overvalued?

NNN is undervalued (as of the 2026-10-20 close). Discounting its cash flows at 9.1% (average of 3 methods) values the shares at $57.21; the price of $41.59 is 27% below that value, and 76% of that value comes from beyond year five.

What is the intrinsic value of NNN?

$57.21 per share (as of the 2026-10-20 close), against a market price of $41.59. That is a margin of safety of 27.3%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.

What is NNN REIT Inc's Leak Score?

64 out of 100, which we rate "Faint Leak", on 10 of 12 value investing signals.