NNN REIT (NNN REIT) Debt-to-Equity

: 1.05 (As of Dec. 2023)

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NNN REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $132.0 Mil. NNN REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,228.5 Mil. NNN REIT's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $4,157.5 Mil. NNN REIT's debt to equity for the quarter that ended in Dec. 2023 was 1.05.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for NNN REIT's Debt-to-Equity or its related term are showing as below:

NNN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56 Med: 0.69 Max: 1.05
Current: 1.05

During the past 13 years, the highest Debt-to-Equity Ratio of NNN REIT was 1.05. The lowest was 0.56. And the median was 0.69.

NNN's Debt-to-Equity is ranked worse than
69.2% of 672 companies
in the REITs industry
Industry Median: 0.785 vs NNN: 1.05

NNN REIT Debt-to-Equity Historical Data

The historical data trend for NNN REIT's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NNN REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.69

0.75

0.96

0.95

1.05

NNN REIT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.95	0.96	0.98	1.02	1.05

Competitive Comparison

For the REIT - Retail subindustry, NNN REIT's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

NNN REIT Debt-to-Equity Distribution

For the REITs industry and Real Estate sector, NNN REIT's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where NNN REIT's Debt-to-Equity falls into.

NNN REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NNN REIT's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(132	+	4228.544)	/	4157.457
	=	1.05

NNN REIT's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(132	+	4228.544)	/	4157.457
	=	1.05

NNN REIT (NYSE:NNN) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

NNN REIT Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of NNN REIT's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

NNN REIT (NNN REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » NNN REIT Inc (NYSE:NNN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CZ2:Germany CZ2:Germany

Address

450 South Orange Avenue, Suite 900, Orlando, FL, USA, 32801

Website

https://www.nnnreit.com

NNN REIT Inc is a real estate investment trust that invests in and develops properties throughout the United States. The company generates revenue from leasing properties to tenants, including convenience stores, automotive services, fitness centers, theatres, restaurants, and banks. Rents from convenience stores and restaurants contribute the majority proportion of total revenue, followed by automotive services, entertainment venues, and others. maximum of the company's properties are located in the South and Southeast of the United States.

Executives

Christopher Paul Tessitore	officer: Executive Officer	450 SOUTH ORANGE AVENUE, SUITE 900, ORLANDO FL 32801
Jonathan Adamo	officer: EVP, Portfolio Operations	450 S. ORANGE AVE., SUITE 900, ORLANDO FL 32801
Michelle Lynn Miller	officer: EVP & Chief Accounting Officer	450 S ORANGE AVE, STE 900, ORLANDO FL 32801-3339
Elizabeth Gulacsy	director	C/O SEAWORLD ENTERTAINMENT, INC., 9205 SOUTH PARK CENTER LOOP, SUITE 400, ORLANDO FL 32819
Kevin B Habicht	director, officer: EVP & CFO	CNL REALTY INC, 450 SOUTH ORANGE AVENUE, ORLANDO FL 32801
Kamau Omari Witherspoon	director	450 S. ORANGE AVE., SUITE 900, ORLANDO FL 32801
Julian E Whitehurst	officer: EVP & General Counsel
Horn Stephen A Jr	officer: EVP & Chief Acquisitions Offic	450 S. ORANGE AVE., SUITE 900, ORLANDO FL 32801
Steven D Cosler	director	PRIORITY HEALTHCARE CORPORATION, 250 TECHNOLOGY PARK, LAKE MARY FL 32746-6232
David M Fick	director	450 S. ORANGE AVE., SUITE 900, ORLANDO FL 32801
Paul Eugene Bayer	officer: Executive Officer	450 SOUTH ORANGE AVENUE, SUITE 900, ORLANDO FL 32801
Betsy D Holden	director	DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Craig Macnab	officer: Chief Executive Officer	C/O JDN PEALTY CORP, 359 EAST PACES FERRY RD, ATLANTA GA 30305
Beall Pamela K.m.	director	C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Ted B Lanier	director	CNL REALTY INC, 450 SOUTH ORANGE AVENUE, ORLANDO FL 32801