NNN REIT Inc (NNN REIT), formerly National Retail Properties Inc, is a real estate investment trust. The company acquires, owns, invests, and develops properties that are leased primarily to retail tenants under long-term net leases and are held for investment. NNN REIT’s property portfolio comprises different lines of trade such as restaurants, automotive services, and parts, convenience stores, health and fitness, theaters, banks, and others. The company operates properties in Texas, Florida, Illinois, Georgia, North Carolina, Indiana, Virginia, Ohio, and other regions. NNN REIT is headquartered in Orlando, Florida, the US.
Headquarters
United States of America
Address
450 S Orange Ave, Suite 900, Orlando, Florida, 32801
Website
www.nnnreit.com
Telephone
1 407 2657348
No of Employees
77
Industry
Construction
Ticker Symbol & Exchange
NNN (NYSE)
Revenue (2022)
$773.1M
6.4%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
15.3%
(2022 vs 2021)
Market Cap*
$7.5B
Net Profit Margin (2022)
XYZ
8.4%
(2022 vs 2021)
* As of and is in US$
NNN REIT Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Leasing Properties |
| Acquiring, Owning, Investing, and Developing Properties |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Corporate Changes/Expansions | In April, the company changed its name to NNN REIT, Inc. |
| 2010 | Acquisitions/Mergers/Takeovers | The company acquired the remaining 21.1% non-controlling interest in Orange Avenue Mortgage Investments, Inc. (OAMI). |
| 2007 | Contracts/Agreements | National Retail Properties entered into joint venture with an affiliate of Crow Holdings Realty Partners IV. The joint venture would acquire up to $220 million of real estate assets leased to convenience store operators from unrelated third parties. |
Competitor Comparison
| Key Parameters | NNN REIT Inc | Kimco Realty Corp | Federal Realty Investment Trust | EPR Properties | EastGroup Properties Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Orlando | Jericho | North Bethesda | Kansas City | Ridgeland |
| State/Province | Florida | New York | Maryland | Missouri | Mississippi |
| No. of Employees | 77 | 639 | 314 | 55 | 87 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Steven D Cosler | Chairman | Executive Board | 2021 | 67 |
| Stephen A Horn, Jr | Director; Chief Executive Officer; President | Executive Board | 2022 | 51 |
| Kevin B Habicht | Director; Treasurer; Chief Financial Officer; Assistant Secretary; Executive Vice President | Executive Board | 2000 | 64 |
| Michelle L Miller | Chief Accounting Officer; Executive Vice President | Senior Management | 2016 | 54 |
| Christopher P Tessitore | General Counsel; Executive Vice President; Secretary | Senior Management | 2007 | 55 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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