NNN

NNN REITC

NYSE / Equity Real Estate Investment Trusts (REITs)

At close

2026-07-18

Current thesis

The bull case is that Q1 validated NNN's steady net-lease model: occupancy improved to 98.6%, acquisition cap rates stayed constructive at 7.5%, and management nudged up both AFFO and Core FFO guidance [#8-K-2026-04-30].

Posture

Mixed

Lead driver

Value

What changed

Value remains the lead driver in the composite.

What can break

At T+3, delayed analyst target changes or estimate revisions were not clearly visible in checked sources, reducing confidence in a sustained post-earnings rerating.

Momentum

Value

Sentiment

Setup hits (3d)

— · Net —

AI TargetsBase $45.00 · Bull $47.00 · Bear $40.00

Data freshness

Prices

As of 2026-07-18

Fundamentals

As of 2026-07-17 • Vendor: Data Vendor v1

Scores

As of 2026-07-18 • Model: HYBRID_IC_RP

AI Memo

As of 2026-05-03 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-07-18

Supporting evidence

What

Grade C · Mixed

Confidence Medium · Net —

Target $46.91

Why

Momentum50 · Δ7d +1.3

Value61 · Δ7d -

Sentiment36 · Δ7d -8.2

So what

Balanced signals. Wait for confirmation before sizing up.

Setup hits not loaded

Load setup hits to see net bias and recent triggers.

Load setup hits

Lead driver: Value · See fundamentals

Momentum

26% active weight

Current posture

7d trendImproving

Δ7d

+1.3

Δ21d

+5.1

Value

39% active weight

Current posture

7d trendFlat

Δ7d

Δ21d

Sentiment

34% active weight

Current posture

7d trendSoftening

Δ7d

-8.2

Δ21d

-5.7

Why this grade

Composite grade C. Momentum 50.4 / Value 60.9 / Sentiment 35.8

Fundamentals (TTM)

As of 2026-07-17

Market Cap

$9.43B

Beta

0.85

Shares Out

190.25M

P/E (TTM)

19.1

P/S (TTM)

8.37

P/FCF (TTM) · Derived

46.22

Rev YoY

+4.1%

EPS YoY

-3.8%

Gross Margin

+66.6%

Op Margin

+64.5%

Net Debt

$4.83B

Current Ratio

0.11

As of 2026-07-18 • Updated nightlySource: Internal modelMethodology