Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. NNN REIT's shares outstanding for the quarter that ended in Mar. 2026 was 190.3 Mil.
NNN REIT's quarterly shares outstanding
increased
from Dec. 2025 (189.9 Mil) to Mar. 2026 (190.3 Mil).
It means NNN REITissued new shares from Dec. 2025 to Mar. 2026 .
NNN REIT's annual shares outstanding
increased
from Dec. 2024 (187.5 Mil) to Dec. 2025 (189.9 Mil).
It means NNN REITissued new shares from Dec. 2024 to Dec. 2025 .
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
NNN REIT Shares Outstanding (EOP) Related Terms
NNN REIT Shares Outstanding (EOP) Historical Data
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The historical data trend for NNN REIT's Shares Outstanding (EOP) 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.
STU:CZ2 vs ADC, BRX, MAC: Shares Outstanding (EOP) Comparison
For the REIT - Retail subindustry, NNN REIT's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) 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 Shares Outstanding (EOP) vs REITs Industry
For the REITs industry and Real Estate sector, NNN REIT's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where NNN REIT's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 190.3 Mil mean?
NNN REIT (STU:CZ2) has a Shares Outstanding (EOP) of 190.3 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on NNN REIT and its competitors.
Is NNN REIT's Shares Outstanding (EOP) too high?
NNN REIT's current Shares Outstanding (EOP) is 190.3 Mil. Overall, NNN REIT has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NNN REIT's Shares Outstanding (EOP) compare to ADC and BRX?
NNN REIT's Shares Outstanding (EOP) of 190.3 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a REITs company?
A good Shares Outstanding (EOP) depends on the REITs industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on NNN REIT and its competitors. NNN REIT's current Shares Outstanding (EOP) is 190.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NNN REIT stock overvalued right now?
Based on GuruFocus' analysis, NNN REIT (STU:CZ2) is currently considered Fairly Valued. The stock's GF Value™ is €39.45, compared to a current price of €40.94 — trading 3.8% above its estimated fair value. The current Shares Outstanding (EOP) is 190.3 Mil. NNN REIT's overall GF Score™ is 77/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For NNN REIT (STU:CZ2), the current Shares Outstanding (EOP) is 190.3 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NNN REIT (STU:CZ2) Overvalued in 2026?
Based on GuruFocus' analysis, NNN REIT stock appears to be overvalued.
The current stock price of €40.94 is trading 3.8% above its estimated GF Value™ of €39.45.
GuruFocus considers NNN REIT to be Fairly Valued.
Key valuation signals for STU:CZ2:
Shares Outstanding (EOP): 190.3 Mil
GF Value™: €39.45 vs. price of €40.94 (3.8% above fair value)
No single metric tells the full story. See the STU:CZ2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NNN REIT Inc is a real estate investment trust that acquires, owns, invests in, and develops high-quality properties mainly leased under long-term net leases with minimal capital expenditure requirements. The company focuses mainly on retail properties, with a portfolio including convenience stores, automotive service properties, restaurants, theatres, entertainment venues, dealerships, and other retail-related assets. Primary business objectives emphasize retail properties, and it may invest in a wide variety of property and tenant types, leases, mortgages, loans secured by personal property, loans secured by partnership or membership interests, and securities of other REITs or other issuers.
77GF Score
Get the complete analysis for STU:CZ2
Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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