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NNN REITSTU:CZ2 -1.22%78 Return-on-Tangible-Asset is 4.04% as of Mar. 2026, which is 4% below its 10-year median of 4.20. GuruFocus rates STU:CZ2 with a GF Score™ of 78/100 and a GF Value™ of €38.98 (Fairly Valued). The stock has 9 warning signs investors should review. Among 939 REITs companies, NNN REIT ranks better than 59.11% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. NNN REIT's annualizedNet Income for the quarter that ended in Mar. 2026 was €325.1 Mil. NNN REIT's average total tangible assets for the quarter that ended in Mar. 2026 was €8,039.5 Mil. Therefore, NNN REIT's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.04%.
The historical rank and industry rank for NNN REIT's Return-on-Tangible-Asset or its related term are showing as below:
STU:CZ2'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.07 Med: 4.2 Max: 4.7
Current: 4.19
During the past 13 years, NNN REIT's highest Return-on-Tangible-Asset was 4.70%. The lowest was 3.07%. And the median was 4.20%.
STU:CZ2's Return-on-Tangible-Asset is ranked better than 59.11% of 939
companies
in the REITs industry
Industry Median: 3.27
vs STU:CZ2: 4.19
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
NNN REIT Return-on-Tangible-Asset Related Terms
NNN REIT Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for NNN REIT's Return-on-Tangible-Asset 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: Return-on-Tangible-Asset Comparison
For the REIT - Retail subindustry, NNN REIT's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, NNN REIT's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where NNN REIT's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 4.04% mean?
NNN REIT (STU:CZ2) has a Return-on-Tangible-Asset of 4.04% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on NNN REIT and its competitors. This is near median its historical median of 4.20. Over the past decade, NNN REIT's Return-on-Tangible-Asset has ranged from 3.07 to 4.70. According to the industry distribution chart, NNN REIT ranks #384 out of 939 companies in the REITs industry, placing it in the top 40.9%.
Is NNN REIT's Return-on-Tangible-Asset too high?
NNN REIT's current Return-on-Tangible-Asset of 4.04% is near median its 10-year median of 4.20. Over the past 10 years, this metric has ranged from a low of 3.07 to a high of 4.70. The REITs industry median Return-on-Tangible-Asset is 3.27. NNN REIT's value of 4.04% is 23.5% above this industry median. Based on the distribution chart, NNN REIT ranks #384 out of 939 companies in the REITs industry, which is above the industry midpoint. Overall, NNN REIT has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NNN REIT's Return-on-Tangible-Asset compare to ADC and BRX?
According to the REITs industry distribution chart, NNN REIT ranks #384 out of 939 companies for Return-on-Tangible-Asset. This puts NNN REIT in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.27. NNN REIT's value of 4.04% is 23.5% above this benchmark. Historically, NNN REIT's own Return-on-Tangible-Asset has ranged from 3.07 to 4.70 over the past decade. While the company's 10-year median is 4.20 vs. the industry median of 3.27, NNN REIT has consistently been above 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 Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 939 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NNN REIT's current Return-on-Tangible-Asset of 4.04% is 23.5% above 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on NNN REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NNN REIT's current Return-on-Tangible-Asset is 4.04%, which is near median its own 10-year median of 4.20. 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 €38.98, compared to a current price of €42.77 — trading 9.7% above its estimated fair value. The current Return-on-Tangible-Asset is 4.04%, which is near median its 10-year median of 4.20 and 23.5% above the REITs industry median of 3.27. NNN REIT's overall GF Score™ is 78/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For NNN REIT (STU:CZ2), the current Return-on-Tangible-Asset is 4.04% 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 €42.77 is trading 9.7% above its estimated GF Value™ of €38.98.
GuruFocus considers NNN REIT to be Fairly Valued.
Key valuation signals for STU:CZ2:
Return-on-Tangible-Asset: 4.04% (near median its 10-year median of 4.20)
GF Value™: €38.98 vs. price of €42.77 (9.7% above fair value)
Industry Position: 23.5% above the REITs median (#384 of 939)
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.
78GF Score
Get the complete analysis for STU:CZ2
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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