NNN REIT (STU:CZ2) EBIT: €512.4 Mil (TTM As of Mar. 2026)


STU:CZ2 NNN REIT Inc STU:CZ2
83 GF Score
Price €40.90
GF Value €39.27
Valuation Fairly Valued
! 7 Warning Signs
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What is NNN REIT EBIT?

NNN REIT STU:CZ2 +1.46% 83 EBIT is €512.4 Mil as of Mar. 2026. GuruFocus rates STU:CZ2 with a GF Score™ of 83/100 and a GF Value™ of €39.27 (Fairly Valued). The stock has 7 warning signs investors should review.

NNN REIT's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €126.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €512.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. NNN REIT's annualized ROC % for the quarter that ended in Mar. 2026 was 6.12%. NNN REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. NNN REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.26%.

NNN REIT  (STU:CZ2) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

NNN REIT's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=502.2 * ( 1 - 0% )/( (8244.008 + 8156.872)/ 2 )
=502.2/8200.44
=6.12 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=8009.969 - 34.636 - ( 4.309 - max(0, 331.913 - 63.238+4.309))
=8244.008

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=8150.282 - 62.557 - ( 3.953 - max(0, 131.757 - 62.61+3.953))
=8156.872

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

NNN REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=507.504/( ( (0 + max(-5.524, 0)) + (0 + max(-35.058, 0)) )/ 2 )
=507.504/( ( 0 + 0 )/ 2 )
=507.504/0
= %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.963 + 0 + 26.149) - (34.636 + 0 + 0)
=-5.524

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.291 + 0 + 24.208) - (62.557 + 0 + 0)
=-35.058

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

NNN REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=512.44/12038.168
=4.26 %

* 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.

NNN REIT EBIT Related Terms

NNN REIT EBIT Historical Data

* Premium members only.

The historical data trend for NNN REIT's EBIT 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.

NNN REIT EBIT Chart

NNN REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 378.77 455.66 510.07 554.71 507.05

NNN REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 133.37 129.89 127.99 127.69 126.88

STU:CZ2 vs ADC, BRX, EPRT: EBIT Comparison

For the REIT - Retail subindustry, NNN REIT's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs REITs Industry

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

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


STU:CZ2
83GF Score
NNN REIT Inc STU:CZ2
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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NNN REIT EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €512.4 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €512.4 Mil mean?
NNN REIT (STU:CZ2) has a EBIT of €512.4 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on NNN REIT.
Is NNN REIT's EBIT too high?
NNN REIT's current EBIT is €512.4 Mil. Overall, NNN REIT has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NNN REIT's EBIT compare to ADC and BRX?
NNN REIT's EBIT of €512.4 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 EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on NNN REIT. NNN REIT's current EBIT is €512.4 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 €39.27, compared to a current price of €40.90 — trading 4.2% above its estimated fair value. The current EBIT is €512.4 Mil. NNN REIT's overall GF Score™ is 83/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For NNN REIT (STU:CZ2), the current EBIT is €512.4 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 €40.90 is trading 4.2% above its estimated GF Value™ of €39.27. GuruFocus considers NNN REIT to be Fairly Valued.

Key valuation signals for STU:CZ2:

  • EBIT: €512.4 Mil
  • GF Value™: €39.27 vs. price of €40.90 (4.2% above fair value)
  • GF Score™: 83/100 with 7 warning signs

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 Business Description

Industry Real EstateREITs
Address 450 South Orange Avenue, Suite 900, Orlando, FL, USA, 32801
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.
83GF Score

Get the complete analysis for STU:CZ2

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€40.90
Price
€39.27
GF Value