Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 24.38 as of Sunday, July 26, 2026.
Forward PE Ratio (24.38) = Close Price ($49.38) / Consensus Forward EPS ($2.03)
FORWARD PE RATIO
24.38
SECTOR MEDIAN · REAL ESTATE
35.81
median of 38 covered companies
CURRENT VS SECTOR MEDIAN
-31.93%
vs the sector median at left
NNN REIT, Inc.
Market Cap
$9.39B
Forward PE Ratio
24.38
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| NNN REIT, Inc. (NNN) | $9.39B | 24.38 |
| CubeSmart (CUBE)vs › | $9.55B | 28.69 |
| Agree Realty Corporation (ADC)vs › | $9.68B | 41.57 |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.88B | 27.95 |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $8.88B | 23.70 |
| Federal Realty Investment Trust (FRT)vs › | $10.89B | 31.47 |
| BXP, Inc. (BXP)vs › | $11.02B | 33.31 |
| Terreno Realty Corporation (TRNO)vs › | $7.73B | 37.34 |
| CoStar Group, Inc. (CSGP)vs › | $11.30B | N/A |
| Camden Property Trust (CPT)vs › | $11.43B | 101.32 |
Trailing P/E
24.0
reported TTM EPS
Forward P/E
24.4
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $2.03 implies -1.5% EPS decline vs the reported trailing $2.06.
At today's $49.38 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $2.03 | $2.01 – $2.04 | 5 | 24.4x |
| 2027-12-31 | $2.10 | $2.08 – $2.13 | 5 | 23.5x |
| 2028-12-31 | $2.19 | $2.07 – $2.41 | 4 | 22.5x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
