NNN REIT, Inc. (NNN)
The payout ratio for NNN REIT, Inc. (NNN) stock is 115.94% over the past 12 months. NNN has a payout ratio of 115.9%, based on $2.40 of dividends per share and $2.06 of EPS.
REIT note: for real-estate investment trusts the net-income payout ratio overstates the dividend, because large non-cash depreciation depresses GAAP earnings. REITs are evaluated on FFO / AFFO payout (the industry standard) and on the FCF payout — a payout above 100% here is normal for a REIT and is not, by itself, a sign the dividend is unsafe.
NNN Payout Ratio History
Annual Payout Ratio History
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $2.07 | $2.36 | 114.0% |
| 2024 | $2.16 | $2.29 | 106.0% |
| 2023 | $2.16 | $2.23 | 103.2% |
| 2022 | $1.89 | $2.16 | 114.3% |
| 2021 | $1.51 | $2.10 | 139.1% |
| 2020 | $1.22 | $2.07 | 169.7% |
| 2019 | $1.56 | $2.03 | 130.1% |
| 2018 | $1.65 | $1.95 | 118.2% |
| 2017 | $1.45 | $1.86 | 128.3% |
| 2016 | $1.39 | $1.78 | 128.1% |
| 2015 | $1.21 | $1.71 | 141.3% |
| 2014 | $1.24 | $1.65 | 133.1% |
| 2013 | $1.11 | $1.60 | 144.1% |
| 2012 | $1.13 | $1.56 | 138.1% |
| 2011 | $0.96 | $1.53 | 159.4% |
| 2010 | $0.80 | $1.51 | 188.7% |
| 2009 | $0.60 | $1.50 | 250.0% |
| 2008 | $1.57 | $1.48 | 94.3% |
| 2007 | $2.27 | $1.40 | 61.7% |
| 2006 | $3.08 | $1.32 | 42.9% |
| 2005 | $1.58 | $1.30 | 82.3% |
| 2004 | $1.15 | $1.29 | 112.2% |
| 2003 | $1.14 | $1.28 | 112.3% |
| 2002 | $1.09 | $1.27 | 116.5% |
| 2001 | $0.92 | $1.26 | 137.0% |
| 2000 | $1.26 | $1.24 | 98.8% |
| 1999 | $1.16 | $1.24 | 106.9% |
| 1998 | $1.11 | $1.23 | 110.8% |
| 1997 | $1.26 | $1.20 | 95.2% |
| 1996 | $1.18 | $1.18 | 100.0% |
About NNN REIT, Inc.
NNN REIT primarily allocates capital to top-tier retail real estate, generally held under extended net lease contracts. As of September 30, 2020, their holdings encompassed 3,114 properties spanning 48 U.S. states. These assets collectively accounted for roughly 32.4 million square feet of gross leasable area, with an average remaining lease duration of 10.7 years.
- Sector
- Real Estate
- Industry
- REIT - Retail
- CEO
- Stephen A. Horn Jr.