NNN REIT, Inc. (NNN) vs Opendoor Technologies Inc. (OPEN)
A side-by-side comparison of NNN REIT, Inc. and Opendoor Technologies Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 11, 2026. Differences are shown without an overall score or investment verdict.
Total return — NNN vs OPEN
growth of $100 · dividends reinvested · last 6yNNN vs OPEN: by the numbers
- •NNN is the larger company ($8.35B vs $2.69B market cap).
- •NNN is profitable (40.35% net margin) while OPEN runs a net loss (-46.74%).
- •NNN grew revenue faster over the past five years (6.97% vs 5.24% CAGR).
- •NNN pays a dividend (5.52% yield), while OPEN has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | NNN | OPEN |
|---|---|---|
| P/E ratio | 21.50 | N/A |
| Forward P/E | 21.36 | N/A |
| P/S ratio | 8.76 | 0.83 |
| P/B ratio | 1.87 | 2.94 |
| EV / EBITDA | 15.36 | N/A |
| FCF yield | 2.92% | N/A |
For REITs like NNN REIT, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like Opendoor Technologies Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | NNN | OPEN |
|---|---|---|
| Gross margin | 38.00% | 8.30% |
| Operating margin | 62.03% | -6.25% |
| Net margin | 40.35% | -46.74% |
| ROE | 8.62% | -166.41% |
| ROIC | 6.18% | -26.19% |
Dividends
| Metric | NNN | OPEN |
|---|---|---|
| Dividend yield | 5.52% | N/A |
| Payout ratio | 118.63% | N/A |
NNN REIT, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Opendoor Technologies Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | NNN | OPEN |
|---|---|---|
| Revenue CAGR (5Y) | 6.97% | 5.24% |
| EPS CAGR (5Y) | 11.15% | N/A |
| FCF CAGR (5Y) | 8.18% | 9.49% |
| Total return CAGR (5Y) | 4.79% | -31.64% |
Frequently asked
- Which has grown faster, NNN or OPEN?
- Over the past five years, NNN grew revenue faster — NNN at a 6.97% CAGR versus OPEN at 5.24%.
- Does NNN or OPEN pay a bigger dividend?
- NNN pays a dividend (5.52% yield), while OPEN has no payments in the available dividend history.
- Is NNN or OPEN more profitable?
- NNN runs the higher net margin — NNN at 40.35% versus OPEN at -46.74%.
- How have NNN and OPEN total returns compared?
- Over the past 5 years, NNN delivered 4.79% and OPEN delivered -31.64% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
NNN REIT & Opendoor Technologies appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 11, 2026.