NNN REIT, INC. (NNN) valuation
SEC pipeline catching up:
most recent reported quarter (
2026-03-31) isn't incorporated yet —
this page is anchored to 2025-12-31 (FY 2025 · 10-K). New filings land within a few weekday pipeline runs.
Share price $39.63 · As of last filing 2025-12-31
Earning-Power-Value, reverse-DCF, and EV/EBITDA are hidden for this real-estate investment trust.
These frameworks capitalise GAAP operating earnings, but a REIT
runs on funds from operations (FFO/AFFO) — GAAP EBIT is depressed
by non-cash real-estate depreciation, and EV/EBITDA ignores the
mortgage debt that funds the property book. The trailing
multiples above (P/E, P/S, P/B, P/FCF) still render, but the
right lens for a REIT is P/FFO or P/AFFO and
dividend coverage — applied manually, outside this page.