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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Equity-to-Asset 0.59
NNN's Equity-to-Asset is ranked higher than
69% of the 642 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.52 vs. NNN: 0.59 )
Ranked among companies with meaningful Equity-to-Asset only.
NNN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.48  Med: 0.6 Max: 1
Current: 0.59
0.48
1
Debt-to-Equity 0.66
NNN's Debt-to-Equity is ranked higher than
61% of the 613 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.81 vs. NNN: 0.66 )
Ranked among companies with meaningful Debt-to-Equity only.
NNN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08  Med: 0.65 Max: 1.01
Current: 0.66
0.08
1.01
Debt-to-EBITDA 4.92
NNN's Debt-to-EBITDA is ranked higher than
62% of the 608 Companies
in the Global REIT - Retail industry.

( Industry Median: 5.75 vs. NNN: 4.92 )
Ranked among companies with meaningful Debt-to-EBITDA only.
NNN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.54  Med: 5.17 Max: 6.29
Current: 4.92
4.54
6.29
Interest Coverage 3.39
NNN's Interest Coverage is ranked higher than
51% of the 614 Companies
in the Global REIT - Retail industry.

( Industry Median: 3.35 vs. NNN: 3.39 )
Ranked among companies with meaningful Interest Coverage only.
NNN' s Interest Coverage Range Over the Past 10 Years
Min: 2.1  Med: 2.68 Max: 3.4
Current: 3.39
2.1
3.4
Piotroski F-Score: 7
Altman Z-Score: 1.73
Beneish M-Score: -2.39
WACC vs ROIC
4.30%
5.77%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating Margin % 60.87
NNN's Operating Margin % is ranked higher than
65% of the 618 Companies
in the Global REIT - Retail industry.

( Industry Median: 50.42 vs. NNN: 60.87 )
Ranked among companies with meaningful Operating Margin % only.
NNN' s Operating Margin % Range Over the Past 10 Years
Min: 52.16  Med: 60.69 Max: 63.26
Current: 60.87
52.16
63.26
Net Margin % 50.66
NNN's Net Margin % is ranked higher than
56% of the 649 Companies
in the Global REIT - Retail industry.

( Industry Median: 43.99 vs. NNN: 50.66 )
Ranked among companies with meaningful Net Margin % only.
NNN' s Net Margin % Range Over the Past 10 Years
Min: 22.16  Med: 40.84 Max: 53.19
Current: 50.66
22.16
53.19
ROE % 7.11
NNN's ROE % is ranked lower than
52% of the 651 Companies
in the Global REIT - Retail industry.

( Industry Median: 7.39 vs. NNN: 7.11 )
Ranked among companies with meaningful ROE % only.
NNN' s ROE % Range Over the Past 10 Years
Min: 3.09  Med: 5.23 Max: 7.89
Current: 7.11
3.09
7.89
ROA % 4.66
NNN's ROA % is ranked higher than
60% of the 656 Companies
in the Global REIT - Retail industry.

( Industry Median: 3.68 vs. NNN: 4.66 )
Ranked among companies with meaningful ROA % only.
NNN' s ROA % Range Over the Past 10 Years
Min: 2.09  Med: 3.82 Max: 4.74
Current: 4.66
2.09
4.74
3-Year Revenue Growth Rate 3.90
NNN's 3-Year Revenue Growth Rate is ranked higher than
60% of the 560 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.20 vs. NNN: 3.90 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
NNN' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -13  Med: 3.9 Max: 33.3
Current: 3.9
-13
33.3
3-Year EBITDA Growth Rate 3.80
NNN's 3-Year EBITDA Growth Rate is ranked higher than
53% of the 504 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.90 vs. NNN: 3.80 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
NNN' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -18.9  Med: 3.8 Max: 29.7
Current: 3.8
-18.9
29.7
3-Year EPS without NRI Growth Rate 1.70
NNN's 3-Year EPS without NRI Growth Rate is ranked lower than
59% of the 475 Companies
in the Global REIT - Retail industry.

( Industry Median: 5.60 vs. NNN: 1.70 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
NNN' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -28.3  Med: 1.7 Max: 34.4
Current: 1.7
-28.3
34.4
GuruFocus has detected 5 Warning Signs with National Retail Properties Inc NNN.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NNN's 30-Y Financials

Financials (Next Earnings Date: 2018-11-02)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q3 2017

NNN Guru Trades in Q3 2017

Jim Simons Sold Out
Manning & Napier Advisors, Inc 102,985 sh (-2.71%)
Ken Fisher 546,388 sh (-28.32%)
» More
Q4 2017

NNN Guru Trades in Q4 2017

Pioneer Investments 324,077 sh (New)
Jim Simons 46,100 sh (New)
Paul Tudor Jones 9,987 sh (New)
Ken Fisher 538,125 sh (-1.51%)
» More
Q1 2018

NNN Guru Trades in Q1 2018

Ray Dalio 20,049 sh (New)
Pioneer Investments 393,428 sh (+21.40%)
Jim Simons Sold Out
Paul Tudor Jones Sold Out
Ken Fisher 522,756 sh (-2.86%)
» More
Q2 2018

NNN Guru Trades in Q2 2018

Paul Tudor Jones 15,408 sh (New)
Pioneer Investments 407,298 sh (+3.53%)
Ken Fisher 475,300 sh (-9.08%)
Ray Dalio 12,704 sh (-36.64%)
» More
» Details

Insider Trades

Latest Guru Trades with NYSE:NNN

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ken Fisher 2018-06-30 Reduce -9.08%$37.18 - $43.98 $ 45.5313%475,300
Ken Fisher 2018-03-31 Reduce -2.86%$36.52 - $42.92 $ 45.5317%522,756
Ken Fisher 2017-12-31 Reduce -1.51%$40.06 - $43.62 $ 45.538%538,125
Ken Fisher 2017-09-30 Reduce -28.32%0.01%$37.82 - $43.17 $ 45.5311%546,388
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
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Peter Lynch Chart ( What is Peter Lynch Charts )

Preferred stocks of National Retail Properties Inc

SymbolPriceYieldDescription
NNNPRDCL.PFD25.306.55Pfd Shs Series -D-
NNNpE.PFD24.765.76Deposit Shs Repr 1/100th 5.7 % Cum Red Pfd Shs Series -E-
NNNpF.PFD23.925.44F

Business Description

Industry: REITs » REIT - Retail    NAICS: 531120    SIC: 6798
Compare:TSX:REI.UN, LSE:HMSO, NYSE:KIM, SGX:C38U, NYSE:FCE.A, TSE:8953, ASX:VCX, NYSE:BRX, LSE:SHB, NYSE:EPR, HKSE:02778, SGX:T82U, LSE:INTU, NYSE:MAC, NYSE:WRI, SGX:N2IU, TSX:SRU.UN, NYSE:TCO, NYSE:FRT, NYSE:DDR » details
Traded in other countries:CZ2.Germany,
Headquarter Location:USA
National Retail Properties Inc is a real estate investment trust that invests in and develops properties throughout the United States. Most of the company's properties are located in the Midwest, South, and Southeast of the United States.

National Retail Properties 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 centres, theatres, restaurants, and banks. Rents from convenience stores and restaurants contribute the most significant proportion of total revenue, followed by automotive services, entertainment venues, and others. Most of the company's properties are located in the Midwest, South, and Southeast of the United States.

Ratios

vs
industry
vs
history
PE Ratio 25.43
NNN's PE Ratio is ranked lower than
72% of the 586 Companies
in the Global REIT - Retail industry.

( Industry Median: 15.50 vs. NNN: 25.43 )
Ranked among companies with meaningful PE Ratio only.
NNN' s PE Ratio Range Over the Past 10 Years
Min: 7.15  Med: 29.82 Max: 60.11
Current: 25.43
7.15
60.11
Forward PE Ratio 30.40
NNN's Forward PE Ratio is ranked lower than
74% of the 250 Companies
in the Global REIT - Retail industry.

( Industry Median: 19.65 vs. NNN: 30.40 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 32.97
NNN's PE Ratio without NRI is ranked lower than
80% of the 581 Companies
in the Global REIT - Retail industry.

( Industry Median: 15.60 vs. NNN: 32.97 )
Ranked among companies with meaningful PE Ratio without NRI only.
NNN' s PE Ratio without NRI Range Over the Past 10 Years
Min: 9.6  Med: 32.75 Max: 55.3
Current: 32.97
9.6
55.3
PB Ratio 2.11
NNN's PB Ratio is ranked lower than
86% of the 640 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.10 vs. NNN: 2.11 )
Ranked among companies with meaningful PB Ratio only.
NNN' s PB Ratio Range Over the Past 10 Years
Min: 0.63  Med: 1.73 Max: 2.61
Current: 2.11
0.63
2.61
PS Ratio 11.49
NNN's PS Ratio is ranked lower than
83% of the 614 Companies
in the Global REIT - Retail industry.

( Industry Median: 7.55 vs. NNN: 11.49 )
Ranked among companies with meaningful PS Ratio only.
NNN' s PS Ratio Range Over the Past 10 Years
Min: 3.78  Med: 9.67 Max: 14.6
Current: 11.49
3.78
14.6
Price-to-Free-Cash-Flow 15.98
NNN's Price-to-Free-Cash-Flow is ranked higher than
60% of the 366 Companies
in the Global REIT - Retail industry.

( Industry Median: 18.09 vs. NNN: 15.98 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
NNN' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 9.82  Med: 15.55 Max: 124.25
Current: 15.98
9.82
124.25
Price-to-Operating-Cash-Flow 15.98
NNN's Price-to-Operating-Cash-Flow is ranked lower than
58% of the 560 Companies
in the Global REIT - Retail industry.

( Industry Median: 14.62 vs. NNN: 15.98 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
NNN' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 4.39  Med: 13.96 Max: 20.49
Current: 15.98
4.39
20.49
EV-to-EBIT 29.37
NNN's EV-to-EBIT is ranked lower than
68% of the 589 Companies
in the Global REIT - Retail industry.

( Industry Median: 19.79 vs. NNN: 29.37 )
Ranked among companies with meaningful EV-to-EBIT only.
NNN' s EV-to-EBIT Range Over the Past 10 Years
Min: 13.5  Med: 26.4 Max: 34.5
Current: 29.37
13.5
34.5
EV-to-EBITDA 19.47
NNN's EV-to-EBITDA is ranked lower than
65% of the 601 Companies
in the Global REIT - Retail industry.

( Industry Median: 15.96 vs. NNN: 19.47 )
Ranked among companies with meaningful EV-to-EBITDA only.
NNN' s EV-to-EBITDA Range Over the Past 10 Years
Min: 10.4  Med: 18.4 Max: 23.3
Current: 19.47
10.4
23.3
EV-to-Revenue 17.20
NNN's EV-to-Revenue is ranked lower than
77% of the 650 Companies
in the Global REIT - Retail industry.

( Industry Median: 12.62 vs. NNN: 17.20 )
Ranked among companies with meaningful EV-to-Revenue only.
NNN' s EV-to-Revenue Range Over the Past 10 Years
Min: 8.9  Med: 15.3 Max: 20.4
Current: 17.2
8.9
20.4
PEG Ratio 6.13
NNN's PEG Ratio is ranked lower than
71% of the 238 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.92 vs. NNN: 6.13 )
Ranked among companies with meaningful PEG Ratio only.
NNN' s PEG Ratio Range Over the Past 10 Years
Min: 3.27  Med: 6.4 Max: 260.68
Current: 6.13
3.27
260.68
Shiller PE Ratio 36.23
NNN's Shiller PE Ratio is ranked lower than
73% of the 233 Companies
in the Global REIT - Retail industry.

( Industry Median: 23.55 vs. NNN: 36.23 )
Ranked among companies with meaningful Shiller PE Ratio only.
NNN' s Shiller PE Ratio Range Over the Past 10 Years
Min: 6.69  Med: 19.87 Max: 38.24
Current: 36.23
6.69
38.24
Current Ratio 2.11
NNN's Current Ratio is ranked higher than
73% of the 611 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.11 vs. NNN: 2.11 )
Ranked among companies with meaningful Current Ratio only.
NNN' s Current Ratio Range Over the Past 10 Years
Min: 0.05  Med: 1.84 Max: 19.59
Current: 2.11
0.05
19.59
Quick Ratio 2.11
NNN's Quick Ratio is ranked higher than
74% of the 611 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.01 vs. NNN: 2.11 )
Ranked among companies with meaningful Quick Ratio only.
NNN' s Quick Ratio Range Over the Past 10 Years
Min: 0.02  Med: 1.75 Max: 19.59
Current: 2.11
0.02
19.59
Days Sales Outstanding 1.53
NNN's Days Sales Outstanding is ranked higher than
94% of the 529 Companies
in the Global REIT - Retail industry.

( Industry Median: 19.52 vs. NNN: 1.53 )
Ranked among companies with meaningful Days Sales Outstanding only.
NNN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.53  Med: 2.69 Max: 3.81
Current: 1.53
1.53
3.81

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 4.21
NNN's Dividend Yield % is ranked lower than
71% of the 978 Companies
in the Global REIT - Retail industry.

( Industry Median: 5.30 vs. NNN: 4.21 )
Ranked among companies with meaningful Dividend Yield % only.
NNN' s Dividend Yield % Range Over the Past 10 Years
Min: 3.27  Med: 4.99 Max: 12.68
Current: 4.21
3.27
12.68
Dividend Payout Ratio 1.37
NNN's Dividend Payout Ratio is ranked lower than
80% of the 700 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.03 vs. NNN: 1.37 )
Ranked among companies with meaningful Dividend Payout Ratio only.
NNN' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 1.14  Med: 1.53 Max: 2.5
Current: 1.37
1.14
2.5
3-Year Dividend Growth Rate 4.10
NNN's 3-Year Dividend Growth Rate is ranked lower than
53% of the 436 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.40 vs. NNN: 4.10 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
NNN' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0.8  Med: 2 Max: 4.4
Current: 4.1
0.8
4.4
Forward Dividend Yield % 4.41
NNN's Forward Dividend Yield % is ranked lower than
77% of the 977 Companies
in the Global REIT - Retail industry.

( Industry Median: 5.84 vs. NNN: 4.41 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 5.02
NNN's 5-Year Yield-on-Cost % is ranked lower than
66% of the 976 Companies
in the Global REIT - Retail industry.

( Industry Median: 6.09 vs. NNN: 5.02 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
NNN' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 3.9  Med: 5.96 Max: 15.13
Current: 5.02
3.9
15.13
3-Year Average Share Buyback Ratio -5.20
NNN's 3-Year Average Share Buyback Ratio is ranked lower than
51% of the 507 Companies
in the Global REIT - Retail industry.

( Industry Median: -4.90 vs. NNN: -5.20 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
NNN' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -99  Med: -10.9 Max: 0
Current: -5.2
-99
0

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 2.16
NNN's Price-to-Tangible-Book is ranked lower than
85% of the 630 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.12 vs. NNN: 2.16 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
NNN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.77  Med: 1.29 Max: 2.6
Current: 2.16
0.77
2.6
Price-to-Intrinsic-Value-Projected-FCF 1.04
NNN's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
56% of the 298 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.09 vs. NNN: 1.04 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
NNN' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.28  Med: 2.32 Max: 130.63
Current: 1.04
0.28
130.63
Price-to-Intrinsic-Value-DCF (Earnings Based) 3.08
NNN's Price-to-Intrinsic-Value-DCF (Earnings Based) is ranked lower than
62% of the 21 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.01 vs. NNN: 3.08 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-DCF (Earnings Based) only.
NNN' s Price-to-Intrinsic-Value-DCF (Earnings Based) Range Over the Past 10 Years
Min: 2.78  Med: 3.35 Max: 4.35
Current: 3.08
2.78
4.35
Price-to-Median-PS-Value 1.18
NNN's Price-to-Median-PS-Value is ranked lower than
65% of the 500 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.04 vs. NNN: 1.18 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
NNN' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.41  Med: 0.8 Max: 1.47
Current: 1.18
0.41
1.47
Price-to-Graham-Number 1.78
NNN's Price-to-Graham-Number is ranked lower than
83% of the 515 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.88 vs. NNN: 1.78 )
Ranked among companies with meaningful Price-to-Graham-Number only.
NNN' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.54  Med: 1.06 Max: 2.3
Current: 1.78
0.54
2.3
Earnings Yield (Greenblatt) % 3.41
NNN's Earnings Yield (Greenblatt) % is ranked lower than
64% of the 629 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.84 vs. NNN: 3.41 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
NNN' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 2.9  Med: 3.8 Max: 7.4
Current: 3.41
2.9
7.4
Forward Rate of Return (Yacktman) % 10.45
NNN's Forward Rate of Return (Yacktman) % is ranked higher than
73% of the 387 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.17 vs. NNN: 10.45 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
NNN' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -29.2  Med: -0.7 Max: 12.3
Current: 10.45
-29.2
12.3

More Statistics

Revenue (TTM) (Mil) $606.31
EPS (TTM) $ 1.79
Beta0.22
Volatility17.32%
52-Week Range $36.25 - 46.11
Shares Outstanding (Mil)156.99

Analyst Estimate

Dec18 Dec19 Dec20
Revenue (Mil $) 593 630 670
EBIT (Mil $) 375 397 422
EBITDA (Mil $) 563 607 631
EPS ($) 1.49 1.56 1.61
EPS without NRI ($) 1.49 1.56 1.61
EPS Growth Rate
(Future 3Y To 5Y Estimate)
6.00%
Dividends per Share ($) 1.94 2.03 2.12

Piotroski F-Score Details

Piotroski F-Score: 77
Positive ROAY
Positive CFROAY
Higher ROA yoyY
CFROA > ROAY
Lower Leverage yoyY
Higher Current Ratio yoyY
Less Shares Outstanding yoyN
Higher Gross Margin yoyY
Higher Asset Turnover yoyN

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