NNN REITSTU:CZ2 +1.46%83 Net Margin % is 39.08% as of Mar. 2026, which is 13% below its 10-year median of 44.75. GuruFocus rates STU:CZ2 with a GF Score™ of 83/100 and a GF Value™ of €39.43 (Fairly Valued). The stock has 8 warning signs investors should review. Among 928 REITs companies, NNN REIT ranks worse than 54.42% on this metric.
Net margin is calculated as Net Income divided by its Revenue. NNN REIT's Net Income for the
three
months ended in Mar. 2026 was €81.3 Mil. NNN REIT's Revenue for the
three
months ended in Mar. 2026 was €208.0 Mil. Therefore, NNN REIT's net margin for the quarter that ended in Mar. 2026 was 39.08%.
The historical rank and industry rank for NNN REIT's Net Margin % or its related term are showing as below:
STU:CZ2'
s Net Margin % Range Over the Past 10 Years
Min: 34.63 Med: 44.75 Max: 47.38
Current: 41.39
STU:CZ2's Net Margin % is ranked worse than 54.42% of 928
companies
in the REITs industry
Industry Median: 45.23
vs STU:CZ2: 41.39
NNN REIT (STU:CZ2) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
NNN REIT Net Margin % Related Terms
NNN REIT Net Margin % Historical Data
* Premium members only.
The historical data trend for NNN REIT's Net Margin % 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, EPRT: Net Margin % Comparison
For the REIT - Retail subindustry, NNN REIT's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, NNN REIT's Net Margin % distribution charts can be found below:
* The bar in red indicates where NNN REIT's Net Margin % falls into.
* 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 (STU:CZ2) has a Net Margin % of 39.08% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on NNN REIT and its competitors. This is 13% below median its historical median of 44.75. Over the past decade, NNN REIT's Net Margin % has ranged from 34.63 to 47.38. According to the industry distribution chart, NNN REIT ranks #505 out of 928 companies in the REITs industry, placing it in the top 54.4%.
Is NNN REIT's Net Margin % too high?
NNN REIT's current Net Margin % of 39.08% is 13% below median its 10-year median of 44.75. Over the past 10 years, this metric has ranged from a low of 34.63 to a high of 47.38. The REITs industry median Net Margin % is 45.23. NNN REIT's value of 39.08% is 13.6% below this industry median. Based on the distribution chart, NNN REIT ranks #505 out of 928 companies in the REITs industry, which is below the industry midpoint. 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 Net Margin % compare to ADC and BRX?
According to the REITs industry distribution chart, NNN REIT ranks #505 out of 928 companies for Net Margin %. This places NNN REIT in the lower half of its industry. The industry median Net Margin % is 45.23. NNN REIT's value of 39.08% is 13.6% below this benchmark. Historically, NNN REIT's own Net Margin % has ranged from 34.63 to 47.38 over the past decade. While the company's 10-year median is 44.75 vs. the industry median of 45.23, NNN REIT has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 45.23, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NNN REIT's current Net Margin % of 39.08% is 13.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on NNN REIT and its competitors. For the REITs industry, the median Net Margin % is 45.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NNN REIT's current Net Margin % is 39.08%, which is 13% below median its own 10-year median of 44.75. 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 €39.43, compared to a current price of €40.90 — trading 3.7% above its estimated fair value. The current Net Margin % is 39.08%, which is 13% below median its 10-year median of 44.75 and 13.6% below the REITs industry median of 45.23. NNN REIT's overall GF Score™ is 83/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For NNN REIT (STU:CZ2), the current Net Margin % is 39.08% 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 3.7% above its estimated GF Value™ of €39.43.
GuruFocus considers NNN REIT to be Fairly Valued.
Key valuation signals for STU:CZ2:
Net Margin %: 39.08% (13% below median its 10-year median of 44.75)
GF Value™: €39.43 vs. price of €40.90 (3.7% above fair value)
Industry Position: 13.6% below the REITs median (#505 of 928)
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.
83GF Score
Get the complete analysis for STU:CZ2
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
STU:CZ2 has been successfully added to your 
