NNN REIT, Inc. NNN NYSE

NNN REIT, Inc. (NNN) generated $667.13M in operating cash flow for fiscal year 2025. After capital expenditures of $0.00, free cash flow was $667.13M.

Free cash flow margin was 72% of revenue. Cash conversion ratio was 1.71x, indicating earnings are backed by cash.

The company returned $443.2M in dividends to shareholders during the period.

Criteria supported by this page:

• HEALTH (17/100, Fail) — weak cash flow raises concerns about debt servicing
• MOAT (41/100, Fail) — limited free cash flow weakens the competitive position
• INCOME (100/100) — Cash conversion ratio was 1.71x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 59/100 with 3/7 criteria passed.