N

NNN REIT Inc
SWB:CZ2

Watchlist Manager
NNN REIT Inc
SWB:CZ2
Watchlist
Price: 34.48 EUR 1.62% Market Closed
Market Cap: 6.3B EUR
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+19%
5Y
+35%
10Y
+92%
Operating Income
+
3Y
+18%
5Y
+37%
10Y
+94%
Net Income
+
3Y
+27%
5Y
+85%
10Y
+126%

Earnings Waterfall
NNN REIT Inc

Revenue
906.3m USD
Cost of Revenue
-38.5m USD
Gross Profit
867.8m USD
Operating Expenses
-307.7m USD
Operating Income
560.1m USD
Other Expenses
-169.1m USD
Net Income
391m USD

Income Statement
NNN REIT Inc

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Income Statement
Currency: USD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
25
25
26
26
25
27
27
27
27
28
29
31
32
32
31
32
33
39
42
45
46
45
46
46
52
54
57
62
64
63
62
62
62
63
63
64
65
67
68
72
76
77
79
82
84
85
89
86
86
84
82
84
86
87
87
87
90
92
94
96
96
99
103
107
109
109
109
108
116
119
122
125
120
124
126
128
129
130
132
133
138
140
144
147
148
150
154
158
164
169
176
181
184
188
190
197
Revenue
77
N/A
82
+7%
84
+4%
89
+5%
84
-6%
90
+7%
92
+2%
96
+4%
101
+5%
111
+10%
120
+8%
125
+5%
127
+2%
125
-2%
122
-2%
119
-2%
109
-8%
133
+22%
138
+3%
136
-1%
136
0%
141
+4%
150
+7%
169
+13%
179
+6%
185
+3%
198
+7%
211
+7%
227
+7%
232
+2%
234
+1%
238
+2%
244
+3%
251
+3%
258
+2%
259
+0%
255
-1%
268
+5%
278
+4%
289
+4%
259
-10%
323
+25%
319
-1%
328
+3%
333
+2%
336
+1%
362
+8%
378
+5%
394
+4%
405
+3%
415
+2%
424
+2%
435
+3%
447
+3%
459
+3%
472
+3%
483
+2%
494
+2%
507
+3%
519
+2%
534
+3%
548
+3%
563
+3%
576
+2%
585
+2%
596
+2%
606
+2%
614
+1%
623
+1%
634
+2%
643
+1%
656
+2%
671
+2%
682
+2%
681
0%
671
-1%
661
-2%
665
+1%
681
+2%
703
+3%
726
+3%
737
+1%
749
+2%
762
+2%
773
+1%
787
+2%
799
+1%
810
+1%
828
+2%
839
+1%
1 069
+27%
1 082
+1%
869
-20%
1 100
+27%
895
-19%
906
+1%
Gross Profit
Cost of Revenue
(1)
(1)
(2)
(2)
(4)
(2)
(2)
(4)
(7)
(9)
(12)
(12)
(12)
(10)
(8)
(7)
(6)
(6)
(7)
(7)
(7)
(7)
(8)
(8)
(8)
(9)
(9)
(9)
(10)
(11)
(12)
(21)
(29)
(35)
(44)
(44)
(45)
(47)
(52)
(56)
(15)
(63)
(78)
(66)
(17)
(62)
(36)
(37)
(19)
(19)
(19)
(19)
(19)
(19)
(19)
(20)
(20)
(20)
(20)
(20)
(21)
(22)
(23)
(23)
(23)
(23)
(24)
(24)
(25)
(26)
(27)
(28)
(28)
(28)
(28)
(28)
(28)
(28)
(29)
(29)
(28)
(28)
(27)
(27)
(26)
(26)
(27)
(27)
(28)
(29)
(36)
(37)
(32)
(42)
(37)
(38)
Gross Profit
76
N/A
80
+6%
83
+3%
87
+5%
80
-9%
88
+11%
90
+2%
91
+2%
93
+2%
102
+9%
106
+4%
112
+6%
115
+3%
117
+1%
114
-2%
112
-2%
104
-8%
127
+23%
131
+3%
129
-2%
129
0%
133
+3%
143
+7%
161
+13%
172
+6%
177
+3%
189
+7%
202
+7%
217
+7%
221
+2%
222
+0%
217
-2%
216
-1%
216
+0%
214
-1%
214
+0%
210
-2%
221
+5%
226
+2%
233
+3%
244
+5%
260
+7%
241
-7%
262
+8%
316
+21%
274
-13%
326
+19%
341
+5%
375
+10%
386
+3%
395
+2%
404
+2%
416
+3%
428
+3%
439
+3%
453
+3%
463
+2%
474
+2%
488
+3%
499
+2%
513
+3%
526
+3%
540
+3%
553
+2%
562
+2%
573
+2%
583
+2%
590
+1%
598
+1%
607
+2%
616
+1%
628
+2%
643
+2%
654
+2%
653
0%
643
-1%
632
-2%
637
+1%
652
+2%
674
+3%
698
+4%
709
+2%
721
+2%
735
+2%
747
+2%
761
+2%
772
+1%
783
+1%
800
+2%
811
+1%
1 033
+27%
1 046
+1%
837
-20%
1 058
+26%
858
-19%
868
+1%
Operating Income
Operating Expenses
(16)
(29)
(30)
(20)
(27)
(23)
(26)
(30)
(35)
(38)
(39)
(40)
(40)
(60)
(53)
(46)
(41)
(43)
(45)
(45)
(54)
(48)
(49)
(52)
(56)
(59)
(63)
(66)
(69)
(69)
(69)
(68)
(69)
(69)
(69)
(71)
(74)
(74)
(76)
(80)
(86)
(91)
(99)
(104)
(108)
(58)
(62)
(68)
(132)
(137)
(141)
(147)
(149)
(153)
(159)
(164)
(170)
(173)
(177)
(189)
(192)
(197)
(202)
(203)
(208)
(212)
(214)
(209)
(209)
(211)
(214)
(221)
(227)
(230)
(233)
(235)
(235)
(237)
(242)
(245)
(250)
(252)
(256)
(261)
(266)
(273)
(277)
(280)
(282)
(284)
(361)
(366)
(294)
(372)
(304)
(308)
Selling, General & Administrative
(7)
(7)
(8)
(9)
(16)
(12)
(14)
(18)
(22)
(23)
(23)
(23)
(23)
(22)
(22)
(22)
(22)
(24)
(26)
(24)
(24)
(24)
(23)
(23)
(24)
(26)
(26)
(26)
(25)
(23)
(22)
(22)
(22)
(22)
(22)
(23)
(23)
(24)
(25)
(26)
(29)
(30)
(30)
(32)
(32)
(33)
(35)
(33)
(31)
(32)
(30)
(32)
(33)
(32)
(32)
(33)
(35)
(35)
(36)
(37)
(37)
(36)
(36)
(35)
(34)
(34)
(34)
(35)
(34)
(35)
(36)
(36)
(38)
(38)
(38)
(39)
(38)
(40)
(42)
(44)
(45)
(44)
(42)
(41)
(42)
(43)
(44)
(44)
(44)
(44)
(58)
(59)
(44)
(57)
(44)
(44)
Depreciation & Amortization
(9)
(10)
(10)
(11)
(11)
(11)
(12)
(12)
(13)
(14)
(15)
(16)
(17)
(16)
(16)
(16)
(16)
(18)
(20)
(21)
(22)
(24)
(26)
(29)
(31)
(33)
(37)
(40)
(44)
(46)
(46)
(46)
(46)
(47)
(47)
(48)
(47)
(50)
(52)
(54)
(57)
(61)
(66)
(69)
(74)
(80)
(84)
(92)
(99)
(104)
(109)
(113)
(116)
(120)
(127)
(130)
(135)
(137)
(140)
(145)
(149)
(155)
(159)
(169)
(174)
(178)
(180)
(174)
(174)
(176)
(179)
(185)
(189)
(192)
(195)
(196)
(197)
(197)
(199)
(201)
(205)
(208)
(215)
(220)
(224)
(230)
(233)
(236)
(239)
(240)
(303)
(307)
(250)
(314)
(260)
(263)
Other Operating Expenses
0
(12)
(12)
0
0
0
0
0
0
0
0
0
0
(22)
(15)
(8)
(2)
0
0
0
(9)
0
0
0
(1)
0
0
0
(1)
0
0
0
(1)
0
0
0
(4)
0
0
0
(1)
0
(3)
(3)
(3)
54
57
57
(1)
(1)
(2)
(2)
(0)
(0)
(0)
(1)
(1)
(1)
(1)
(7)
(7)
(7)
(6)
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
(0)
Operating Income
60
N/A
51
-15%
52
+3%
68
+29%
53
-22%
65
+24%
64
-2%
61
-4%
59
-4%
64
+9%
69
+8%
73
+6%
76
+3%
55
-28%
61
+12%
67
+9%
63
-6%
85
+35%
86
+2%
84
-2%
75
-11%
86
+15%
94
+9%
109
+16%
116
+6%
117
+1%
126
+7%
136
+8%
148
+8%
153
+3%
153
+1%
149
-3%
147
-1%
147
N/A
145
-2%
144
-1%
137
-5%
147
+8%
150
+2%
153
+2%
158
+3%
169
+7%
142
-16%
158
+11%
207
+31%
215
+4%
264
+23%
274
+4%
244
-11%
250
+3%
255
+2%
258
+1%
267
+4%
275
+3%
280
+2%
289
+3%
293
+1%
301
+3%
311
+3%
310
0%
320
+3%
329
+3%
338
+3%
349
+3%
354
+1%
361
+2%
369
+2%
381
+3%
389
+2%
396
+2%
401
+1%
407
+2%
416
+2%
424
+2%
420
-1%
408
-3%
397
-3%
400
+1%
410
+3%
429
+4%
448
+5%
457
+2%
465
+2%
474
+2%
481
+1%
488
+1%
496
+2%
504
+2%
517
+3%
527
+2%
672
+28%
680
+1%
543
-20%
687
+26%
554
-19%
560
+1%
Pre-Tax Income
Interest Income Expense
(25)
(25)
(26)
(26)
(21)
(26)
(25)
(24)
(23)
(24)
(26)
(27)
(29)
(6)
(14)
(22)
(31)
(36)
(39)
(42)
(31)
(29)
(30)
(31)
(47)
(49)
(53)
(58)
(61)
(60)
(60)
(60)
(61)
(61)
(62)
(63)
(64)
(65)
(67)
(70)
(74)
(76)
(78)
(80)
(82)
(83)
(87)
(85)
(84)
(83)
(81)
(84)
(85)
(87)
(87)
(87)
(90)
(92)
(94)
(96)
(96)
(99)
(102)
(106)
(109)
(109)
(109)
(108)
(114)
(116)
(118)
(120)
(117)
(122)
(125)
(127)
(129)
(130)
(132)
(133)
(138)
(140)
(144)
(147)
(148)
(150)
(153)
(157)
(163)
(168)
(217)
(222)
(181)
(228)
(188)
(193)
Non-Reccuring Items
(13)
0
0
(13)
(2)
(5)
(5)
(2)
(2)
0
(3)
(3)
(4)
(4)
(2)
(2)
0
(5)
(7)
(6)
6
(0)
2
0
(0)
(1)
(1)
(1)
4
6
(2)
(1)
(33)
(39)
(31)
(31)
(8)
(8)
(9)
(9)
1
1
1
(2)
(4)
(6)
(6)
(3)
(4)
(1)
(1)
(1)
(1)
(1)
(4)
(4)
(4)
(4)
(7)
(12)
16
(12)
(14)
(9)
20
(18)
(15)
(18)
18
(38)
(28)
(33)
1
(16)
(43)
(40)
(40)
(49)
(32)
(22)
(20)
(2)
(5)
(6)
2
6
26
41
38
38
44
32
35
35
27
25
Gain/Loss on Disposition of Assets
5
0
0
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
(0)
0
0
0
(2)
(0)
(0)
(1)
(1)
5
5
8
10
20
21
23
(1)
25
27
26
0
61
62
73
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
26
22
8
(0)
(0)
(0)
(0)
0
0
0
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
0
0
0
Pre-Tax Income
27
N/A
28
+1%
27
-2%
29
+6%
30
+4%
35
+18%
34
-2%
35
+3%
33
-6%
40
+20%
40
+1%
42
+6%
43
+2%
44
+1%
46
+4%
42
-7%
32
-25%
43
+35%
40
-7%
37
-7%
50
+36%
56
+12%
66
+16%
79
+21%
69
-13%
67
-2%
72
+7%
78
+7%
90
+16%
98
+8%
91
-7%
88
-3%
53
-40%
47
-12%
52
+11%
50
-4%
66
+33%
75
+13%
75
+0%
74
-1%
85
+14%
95
+11%
66
-30%
76
+16%
121
+59%
126
+4%
171
+35%
184
+8%
154
-16%
164
+6%
171
+4%
172
+1%
180
+4%
192
+7%
195
+1%
206
+6%
208
+1%
225
+8%
231
+3%
226
-2%
240
+6%
242
+1%
249
+3%
259
+4%
265
+2%
295
+11%
307
+4%
328
+7%
293
-11%
269
-8%
278
+3%
262
-6%
300
+14%
285
-5%
252
-12%
241
-4%
229
-5%
220
-4%
247
+12%
274
+11%
290
+6%
315
+9%
316
+0%
322
+2%
335
+4%
344
+3%
368
+7%
386
+5%
392
+2%
397
+1%
499
+26%
490
-2%
397
-19%
493
+24%
393
-20%
392
0%
Net Income
Tax Provision
0
0
0
0
3
1
1
2
3
3
3
3
3
2
2
2
3
4
7
10
11
12
11
10
8
10
9
9
7
5
4
3
1
1
(0)
(1)
(1)
(0)
(0)
(0)
(1)
(1)
(1)
7
7
8
8
(0)
(0)
(1)
(1)
(1)
0
(0)
1
0
(10)
(10)
(10)
(10)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Income from Continuing Operations
27
28
27
29
33
36
36
37
36
43
43
45
46
46
48
44
35
47
47
47
62
69
77
89
77
77
81
87
98
103
95
90
54
47
52
49
66
75
75
74
84
94
65
83
128
134
178
184
154
163
170
171
180
192
195
206
198
215
220
216
240
242
249
259
265
295
307
328
293
269
278
262
300
285
252
241
229
220
247
274
290
315
316
322
335
344
368
386
392
397
499
490
397
493
393
392
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
1
(1)
(1)
(1)
(2)
0
(0)
(3)
(3)
(1)
(2)
2
2
(0)
0
1
1
1
(0)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(0)
(1)
0
0
0
0
(0)
(0)
0
0
0
0
0
(1)
(1)
(1)
(1)
(0)
(0)
(0)
(0)
(0)
(0)
0
0
0
(0)
(0)
(0)
(0)
0
0
0
0
(0)
(0)
(0)
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Equity Earnings Affiliates
(2)
1
3
3
2
4
3
5
4
5
5
5
5
5
3
2
1
0
0
0
0
0
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
1
1
4
4
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Income (Common)
29
N/A
29
N/A
31
+8%
31
+0%
44
+41%
42
-5%
40
-3%
47
+17%
49
+4%
55
+11%
55
N/A
56
+2%
59
+6%
69
+16%
85
+23%
85
-1%
84
-1%
81
-3%
133
+64%
139
+4%
177
+28%
180
+2%
148
-18%
173
+17%
147
-15%
135
-8%
116
-14%
97
-16%
110
+13%
105
-5%
93
-11%
87
-7%
48
-45%
38
-21%
41
+8%
39
-3%
66
+68%
70
+7%
70
+0%
72
+3%
85
+18%
91
+7%
61
-33%
72
+20%
121
+67%
125
+4%
169
+34%
170
+1%
132
-23%
137
+4%
141
+3%
145
+3%
154
+7%
165
+7%
166
+0%
173
+4%
162
-7%
179
+10%
185
+3%
180
-2%
200
+11%
190
-5%
196
+3%
207
+5%
217
+5%
260
+20%
272
+5%
293
+8%
258
-12%
234
-9%
242
+3%
227
-6%
258
+13%
247
-4%
218
-12%
212
-3%
210
-1%
202
-4%
228
+13%
255
+12%
264
+3%
293
+11%
298
+2%
308
+3%
334
+8%
343
+3%
368
+7%
386
+5%
392
+2%
396
+1%
498
+26%
489
-2%
396
-19%
492
+24%
392
-20%
391
0%
EPS (Diluted)
0.91
N/A
0.71
-22%
0.76
+7%
0.77
+1%
1.08
+40%
1.02
-6%
1.1
+8%
1.16
+5%
1.11
-4%
1.08
-3%
1.03
-5%
1.11
+8%
1.14
+3%
1.28
+12%
1.52
+19%
1.51
-1%
1.57
+4%
1.46
-7%
2.19
+50%
2.5
+14%
3.04
+22%
2.97
-2%
2.18
-27%
2.57
+18%
2.22
-14%
1.86
-16%
1.58
-15%
1.43
-9%
1.47
+3%
1.33
-10%
1.18
-11%
1.11
-6%
0.58
-48%
0.45
-22%
0.48
+7%
0.47
-2%
0.79
+68%
0.83
+5%
0.83
N/A
1.04
+25%
0.95
-9%
0.85
-11%
0.53
-38%
0.65
+23%
1.1
+69%
1.08
-2%
1.33
+23%
1.4
+5%
1.09
-22%
1.12
+3%
1.14
+2%
1.15
+1%
1.23
+7%
1.24
+1%
1.24
N/A
1.28
+3%
1.2
-6%
1.24
+3%
1.28
+3%
1.22
-5%
1.38
+13%
1.3
-6%
1.33
+2%
1.39
+5%
1.45
+4%
1.68
+16%
1.7
+1%
1.86
+9%
1.65
-11%
1.44
-13%
1.51
+5%
1.39
-8%
1.56
+12%
1.44
-8%
1.28
-11%
1.23
-4%
1.22
-1%
1.17
-4%
1.32
+13%
1.47
+11%
1.51
+3%
1.67
+11%
1.65
-1%
1.74
+5%
1.89
+9%
1.91
+1%
2
+5%
2.13
+7%
2.16
+1%
2.18
+1%
2.73
+25%
2.67
-2%
2.15
-19%
2.63
+22%
2.1
-20%
2.09
0%

See Also

Summary
CZ2 intrinsic value, competitors valuation, and company profile.
DCF Valuation
CZ2 stock valuation using Discount Cash Flow valuation method.
Relative Valuation
CZ2 stock valuation using valuation multiples.
Wall Street Estimates
CZ2 price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
CZ2 stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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