NNN REIT (HAM:CZ2) Owner Earnings per Share (TTM): 0.00 (As of Mar. 2026)

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HAM:CZ2 NNN REIT Inc HAM:CZ2
83 GF Score
Price €43.00
GF Value €39.76
Valuation Fairly Valued
! 9 Warning Signs
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What is NNN REIT Owner Earnings per Share (TTM)?

NNN REIT HAM:CZ2 +0.07% 83 Owner Earnings per Share (TTM) is 0.00 as of Mar. 2026. GuruFocus rates HAM:CZ2 with a GF Score™ of 83/100 and a GF Value™ of €39.76 (Fairly Valued). The stock has 9 warning signs investors should review. Among 336 REITs companies, NNN REIT ranks worse than 297618.75% on this metric.

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

NNN REIT does not have enough data to calculate Owner Earnings per Share (TTM), so as Price-to-Owner-Earnings ratio.


The historical rank and industry rank for NNN REIT's Owner Earnings per Share (TTM) or its related term are showing as below:



HAM:CZ2's Price-to-Owner-Earnings is not ranked *
in the REITs industry.
Industry Median: 14.45
* Ranked among companies with meaningful Price-to-Owner-Earnings only.

NNN REIT's Earnings per Share (Diluted) for the three months ended in Mar. 2026 was €0.43. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €1.77. It's PE Ratio (TTM) ratio for today is 24.28.

NNN REIT's EPS without NRI for the three months ended in Mar. 2026 was €0.43. Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was €1.70. It's PE Ratio without NRI ratio for today is 25.35.


Be Aware

Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.

Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.


NNN REIT Owner Earnings per Share (TTM) Related Terms


NNN REIT Owner Earnings per Share (TTM) Historical Data

* Premium members only.

The historical data trend for NNN REIT's Owner Earnings per Share (TTM) 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 Owner Earnings per Share (TTM) Chart

NNN REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Owner Earnings per Share (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

NNN REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Owner Earnings per Share (TTM) 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 0.00 0.00 0.00 0.00 0.00

HAM:CZ2 vs ADC, BRX, MAC: Owner Earnings per Share (TTM) Comparison

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

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

* The bar in red indicates where NNN REIT's Price-to-Owner-Earnings falls into.


HAM:CZ2
83GF Score
NNN REIT Inc HAM:CZ2
Owner Earnings per Share (TTM) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NNN REIT Owner Earnings per Share (TTM) Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

To make it simple, then you will have:

Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)

NNN REIT does not have enough data to calculate Owner Earnings per Share (TTM). Please check Wal-Mart Stores Inc, as your reference.

What does a Owner Earnings per Share (TTM) of 0.00 mean?
NNN REIT (HAM:CZ2) has a Owner Earnings per Share (TTM) of 0.00 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on NNN REIT. According to the industry distribution chart, NNN REIT ranks #999999 out of 336 companies in the REITs industry.
Is NNN REIT's Owner Earnings per Share (TTM) too high?
NNN REIT's current Owner Earnings per Share (TTM) is 0.00. Based on the distribution chart, NNN REIT ranks #999999 out of 336 companies in the REITs industry, which is in the bottom quartile relative to peers. 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 Owner Earnings per Share (TTM) compare to ADC and BRX?
According to the REITs industry distribution chart, NNN REIT ranks #999999 out of 336 companies for Owner Earnings per Share (TTM). This places NNN REIT in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 14.45. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Owner Earnings per Share (TTM) for a REITs company?
The median Owner Earnings per Share (TTM) among REITs companies is 14.45, based on 336 companies in the industry. Companies in the top quartile (top 25%) have a Owner Earnings per Share (TTM) significantly above this median, while those in the bottom quartile fall well below. However, Owner Earnings per Share (TTM) 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 Owner Earnings per Share (TTM) mean?
A high Owner Earnings per Share (TTM) can signal that a stock is expensive relative to its fundamentals. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on NNN REIT. For the REITs industry, the median Owner Earnings per Share (TTM) is 14.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NNN REIT's current Owner Earnings per Share (TTM) is 0.00. 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 (HAM:CZ2) is currently considered Fairly Valued. The stock's GF Value™ is €39.76, compared to a current price of €43.00 — trading 8.1% above its estimated fair value. The current Owner Earnings per Share (TTM) is 0.00. NNN REIT's overall GF Score™ is 83/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Owner Earnings per Share (TTM) calculated?
Owner Earnings per Share (TTM) is calculated from a company's financial statements. For NNN REIT (HAM:CZ2), the current Owner Earnings per Share (TTM) is 0.00 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 (HAM:CZ2) Overvalued in 2026?

Based on GuruFocus' analysis, NNN REIT stock appears to be overvalued. The current stock price of €43.00 is trading 8.1% above its estimated GF Value™ of €39.76. GuruFocus considers NNN REIT to be Fairly Valued.

Key valuation signals for HAM:CZ2:

  • Owner Earnings per Share (TTM): 0.00
  • GF Value™: €39.76 vs. price of €43.00 (8.1% above fair value)
  • GF Score™: 83/100 with 9 warning signs

No single metric tells the full story. See the HAM:CZ2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NNN REIT Business Description

Industry Real EstateREITs
Other Exchanges NNN:USACZ2:Germany
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 HAM:CZ2

Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€43.00
Price
€39.76
GF Value