National Retail Properties (NNN) Stock Forecast, Price Target & Predictions


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NNN Stock Forecast


National Retail Properties stock forecast is as follows: an average price target of $47.67 (represents a -2.22% downside from NNN’s last price of $48.75) and a rating consensus of 'Buy', based on 18 wall street analysts offering a 1-year stock forecast.

NNN Price Target


The average price target for National Retail Properties (NNN) is $47.67 based on 1-year price targets from 18 Wall Street analysts in the past 3 months, with a price target range of $53.00 to $41.00. This represents a potential -2.22% downside from NNN's last price of $48.75.

NNN Analyst Ratings


Buy

According to 18 Wall Street analysts, National Retail Properties's rating consensus is 'Buy'. The analyst rating breakdown for NNN stock is 0 'Strong Buy' (0.00%), 13 'Buy' (72.22%), 3 'Hold' (16.67%), 2 'Sell' (11.11%), and 0 'Strong Sell' (0.00%).

National Retail Properties Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
May 31, 2024Mike GoldsmithUBS$41.00$40.940.15%-15.90%
Apr 01, 2024Ronald KamdemMorgan Stanley$47.00$42.3610.95%-3.59%
Jan 09, 2023-Raymond James$50.00$46.457.64%2.56%
May 04, 2022-RBC Capital$45.00$43.942.41%-7.69%
May 03, 2022Simon YarmakStifel Nicolaus$53.00$44.1020.18%8.72%
Jul 01, 2021Todd StenderWells Fargo$50.00$45.4210.08%2.56%
May 04, 2021RJ MilliganRaymond James$55.00$46.5218.23%12.82%
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The latest National Retail Properties stock forecast, released on May 31, 2024 by Mike Goldsmith from UBS, set a price target of $41.00, which represents a 0.15% increase from the stock price at the time of the forecast ($40.94), and a -15.90% decrease from NNN last price ($48.75).

National Retail Properties Price Target by Period


1M3M12M
# Anlaysts--2
Avg Price Target--$44.00
Last Closing Price$48.75$48.75$48.75
Upside/Downside-100.00%-100.00%-9.74%

In the current month, the average price target of National Retail Properties stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to National Retail Properties's last price of $48.75. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 21, 2024Raymond JamesOutperformOutperformHold
May 31, 2024UBS-NeutralInitialise
May 01, 2024Exane BNP ParibasUnderperformNeutralUpgrade
Jun 28, 2023Hovde Group-OutperformUpgrade
Jun 28, 2023Morgan StanleyEqual-WeightUnderweightDowngrade
Jun 28, 2023Daiwa-OutperformDowngrade
Jun 28, 2023CitigroupNeutralSellDowngrade
Jun 28, 2023Janney Montgomery-BuyUpgrade
Jun 28, 2023Wedbush-OutperformUpgrade
Jun 14, 2023BTIG-BuyInitialise
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National Retail Properties's last stock rating was published by Raymond James on Aug 21, 2024. The company gave NNN a "Outperform" rating, the same as its previous rate.

National Retail Properties Financial Forecast


National Retail Properties Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$216.23M$205.13M$202.64M$204.11M$198.52M$193.47M-$190.28M$36.63M$180.36M$179.01M$179.78M$163.28M$158.63M$163.70M$175.06M$173.38M$168.61M
Avg Forecast$240.95M$237.23M$234.25M$232.06M$228.07M$225.21M$222.20M$219.41M$217.17M$214.21M$212.30M$210.97M$206.35M$204.06M$202.04M$199.16M$195.56M$191.63M$189.63M$177.00M$181.91M$178.39M$175.02M$164.06M$163.66M$188.64M$211.45M$205.07M$198.87M$197.51M
High Forecast$244.32M$240.55M$237.53M$235.31M$231.26M$228.37M$225.30M$222.48M$220.20M$215.84M$215.27M$213.92M$209.78M$209.23M$204.87M$201.94M$198.29M$194.31M$189.63M$212.40M$218.29M$214.07M$210.02M$196.87M$196.39M$226.37M$253.74M$246.09M$238.65M$237.01M
Low Forecast$235.14M$231.51M$228.60M$226.46M$222.57M$219.78M$216.84M$214.12M$211.93M$213.07M$207.18M$205.88M$203.60M$199.18M$197.17M$194.35M$190.84M$187.00M$189.63M$141.60M$145.53M$142.71M$140.02M$131.25M$130.93M$150.92M$169.16M$164.06M$159.10M$158.01M
# Analysts5454434358545964375121916201618141818818
Surprise %------------1.05%1.01%1.00%1.02%1.02%1.01%-1.08%0.20%1.01%1.02%1.10%1.00%0.84%0.77%0.85%0.87%0.85%

National Retail Properties's average Quarter revenue forecast for Mar 24 based on 4 analysts is $210.97M, with a low forecast of $205.88M, and a high forecast of $213.92M. NNN's average Quarter revenue forecast represents a -2.43% decrease compared to the company's last Quarter revenue of $216.23M (Dec 23).

National Retail Properties EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434358545964375121916201618141818818
EBITDA------------$195.20M$207.19M$198.60M$184.55M$179.95M$176.85M-$171.99M$155.20M$167.43M$156.98M$141.15M$142.47M$137.40M$126.95M$148.04M$152.19M$144.99M
Avg Forecast$217.73M$214.37M$211.67M$209.69M$206.09M$203.51M$200.78M$198.26M$196.23M$193.57M$191.84M$192.19M$186.46M$184.39M$182.57M$174.72M$176.71M$176.50M$171.35M$158.84M$146.70M$160.45M$146.08M$161.32M$154.02M$163.39M$155.62M$169.70M$171.71M$166.21M
High Forecast$220.77M$217.37M$214.63M$212.62M$208.97M$206.35M$203.59M$201.03M$198.98M$195.03M$194.52M$230.63M$189.56M$189.06M$185.12M$209.67M$179.18M$211.80M$171.35M$190.61M$176.04M$192.54M$175.30M$193.58M$184.82M$196.07M$186.75M$203.64M$206.05M$199.45M
Low Forecast$212.47M$209.20M$206.56M$204.63M$201.11M$198.60M$195.93M$193.48M$191.50M$192.53M$187.21M$153.76M$183.98M$179.98M$178.16M$139.78M$172.44M$141.20M$171.35M$127.07M$117.36M$128.36M$116.87M$129.06M$123.21M$130.71M$124.50M$135.76M$137.37M$132.97M
Surprise %------------1.05%1.12%1.09%1.06%1.02%1.00%-1.08%1.06%1.04%1.07%0.88%0.93%0.84%0.82%0.87%0.89%0.87%

4 analysts predict NNN's average Quarter EBITDA for Mar 24 to be $192.19M, with a high of $230.63M and a low of $153.76M. This is -1.54% lower than National Retail Properties's previous annual EBITDA (Dec 23) of $195.20M.

National Retail Properties Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434358545964375121916201618141818818
Net Income------------$96.68M$106.79M$98.70M$90.17M$53.03M$51.49M-$44.71M$28.45M$82.93M$73.02M$56.59M$61.29M$56.07M$46.27M$65.18M$73.79M$66.69M
Avg Forecast$107.31M$103.62M$102.89M$101.27M$95.61M$94.56M$93.20M$91.80M$91.79M$89.43M$90.08M$91.59M$88.05M$86.65M$88.05M$83.26M$87.14M$87.43M$85.18M$75.69M$61.56M$79.48M$67.95M$64.67M$66.26M$66.68M$56.71M$74.72M$83.25M$76.45M
High Forecast$109.26M$105.51M$104.77M$103.11M$97.35M$96.28M$94.89M$93.47M$93.46M$90.50M$91.72M$109.91M$89.13M$94.03M$89.65M$99.92M$88.72M$104.91M$85.18M$90.83M$73.87M$95.37M$81.54M$77.61M$79.51M$80.01M$68.05M$89.66M$99.89M$91.74M
Low Forecast$103.94M$100.37M$99.67M$98.09M$92.61M$91.59M$90.28M$88.92M$88.91M$86.63M$87.26M$73.27M$85.90M$84.81M$85.29M$66.61M$84.41M$69.94M$85.18M$60.56M$49.25M$63.58M$54.36M$51.74M$53.00M$53.34M$45.37M$59.77M$66.60M$61.16M
Surprise %------------1.10%1.23%1.12%1.08%0.61%0.59%-0.59%0.46%1.04%1.07%0.88%0.93%0.84%0.82%0.87%0.89%0.87%

National Retail Properties's average Quarter net income forecast for Mar 24 is $91.59M, with a range of $73.27M to $109.91M. NNN's average Quarter net income forecast represents a -5.27% decrease compared to the company's last Quarter net income of $96.68M (Dec 23).

National Retail Properties SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434358545964375121916201618141818818
SG&A------------$13.18M$10.22M$10.74M$12.75M$11.56M$10.78M-$11.13M$10.00M$11.16M$11.89M$11.79M$9.29M$9.42M$9.39M$10.14M$10.21M$8.78M
Avg Forecast$14.34M$14.12M$13.94M$13.81M$13.57M$13.40M$13.22M$13.06M$12.93M$12.75M$12.64M$12.53M$12.28M$12.15M$12.03M$11.39M$11.64M$11.77M$11.29M$10.35M$9.46M$10.70M$11.06M$13.47M$10.04M$11.20M$11.52M$11.62M$11.52M$10.06M
High Forecast$14.54M$14.32M$14.14M$14.00M$13.76M$13.59M$13.41M$13.24M$13.11M$12.85M$12.81M$15.03M$12.49M$12.45M$12.19M$13.67M$11.80M$14.12M$11.29M$12.42M$11.35M$12.84M$13.28M$16.16M$12.05M$13.44M$13.82M$13.94M$13.82M$12.07M
Low Forecast$13.99M$13.78M$13.61M$13.48M$13.25M$13.08M$12.91M$12.74M$12.61M$12.68M$12.33M$10.02M$12.12M$11.85M$11.74M$9.11M$11.36M$9.41M$11.29M$8.28M$7.56M$8.56M$8.85M$10.78M$8.03M$8.96M$9.21M$9.30M$9.22M$8.05M
Surprise %------------1.07%0.84%0.89%1.12%0.99%0.92%-1.08%1.06%1.04%1.07%0.88%0.93%0.84%0.82%0.87%0.89%0.87%

National Retail Properties's average Quarter SG&A projection for Mar 24 is $12.53M, based on 4 Wall Street analysts, with a range of $10.02M to $15.03M. The forecast indicates a -4.91% fall compared to NNN last annual SG&A of $13.18M (Dec 23).

National Retail Properties EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts5454434358545964375121916201618141818818
EPS------------$0.53$0.59-$0.50$0.30$0.29-$0.26$0.16$0.45$0.39$0.30$0.35$0.30$0.24$0.35$0.34$0.35
Avg Forecast$0.59$0.57$0.56$0.55$0.52$0.52$0.51$0.50$0.50$0.49$0.49$0.48$0.48$0.47$0.48$0.47$0.48$0.45$0.47$1.43$1.89$1.25$1.01$0.40$0.40$0.44$0.38$0.47$0.44$0.47
High Forecast$0.60$0.58$0.57$0.56$0.53$0.53$0.52$0.51$0.51$0.50$0.50$0.49$0.49$0.51$0.49$0.48$0.49$0.46$0.47$1.46$1.93$1.27$1.03$0.48$0.48$0.53$0.46$0.56$0.53$0.56
Low Forecast$0.57$0.55$0.55$0.54$0.51$0.50$0.49$0.49$0.49$0.47$0.48$0.47$0.47$0.46$0.47$0.46$0.46$0.44$0.47$1.38$1.83$1.20$0.98$0.32$0.32$0.35$0.30$0.38$0.35$0.38
Surprise %------------1.10%1.24%0.00%1.06%0.63%0.64%-0.18%0.08%0.36%0.39%0.75%0.88%0.68%0.63%0.74%0.77%0.74%

According to 4 Wall Street analysts, National Retail Properties's projected average Quarter EPS for Mar 24 is $0.48, with a low estimate of $0.47 and a high estimate of $0.49. This represents a -8.49% decrease compared to NNN previous annual EPS of $0.53 (Dec 23).

National Retail Properties Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
ORealty Income$62.71$69.1610.29%Buy
PINEAlpine Income Property Trust$18.40$20.008.70%Buy
IVTInvenTrust Properties$29.79$32.007.42%Buy
BFSSaul Centers$41.06$43.505.94%Buy
FRTFederal Realty Investment Trust$117.39$122.954.74%Buy
KRGKite Realty Group Trust$26.83$27.502.50%Buy
GTYGetty Realty$32.37$33.001.95%Hold
SPGSimon Property Group$164.02$165.390.84%Buy
KIMKimco Realty$24.02$23.88-0.58%Hold
SKTTanger Factory Outlet Centers$31.83$31.50-1.04%Buy
BRXBrixmor Property Group$28.02$27.60-1.50%Buy
NNNNational Retail Properties$48.75$47.67-2.22%Buy
REGRegency Centers$74.68$70.88-5.09%Buy
FCPTFour Corners Property Trust$30.40$28.00-7.89%Hold
ADCAgree Realty$76.69$69.95-8.79%Buy
AKRAcadia Realty Trust$22.97$19.50-15.11%Hold
WSRWhitestone REIT$13.44$10.00-25.60%Buy
SITCSITE Centers$60.39$30.00-50.32%Buy

NNN Forecast FAQ


Yes, according to 18 Wall Street analysts, National Retail Properties (NNN) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 13 'Buy' recommendations, accounting for 72.22% of NNN's total ratings.

National Retail Properties (NNN) average price target is $47.67 with a range of $41 to $53, implying a -2.22% from its last price of $48.75. The data is based on 18 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for NNN stock, the company can go down by -2.22% (from the last price of $48.75 to the average price target of $47.67), up by 8.72% based on the highest stock price target, and down by -15.90% based on the lowest stock price target.

NNN's average twelve months analyst stock price target of $47.67 does not support the claim that National Retail Properties can reach $70 in the near future.

National Retail Properties's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $894.89M (high $907.41M, low $873.3M), average EBITDA is $808.63M (high $819.94M, low $789.12M), average net income is $375.17M (high $381.99M, low $363.4M), average SG&A $53.26M (high $54.01M, low $51.98M), and average EPS is $2.05 (high $2.09, low $1.99). NNN's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $944.49M (high $957.71M, low $921.71M), average EBITDA is $853.45M (high $865.39M, low $832.86M), average net income is $415.1M (high $422.65M, low $402.08M), average SG&A $56.21M (high $57M, low $54.86M), and average EPS is $2.27 (high $2.31, low $2.2).

Based on National Retail Properties's last annual report (Dec 2023), the company's revenue was $828.11M, beating the average analysts forecast of $811.62M by 2.03%. Apple's EBITDA was $753.37M, beating the average prediction of $728.14M by 3.46%. The company's net income was $392.34M, beating the average estimation of $346.02M by 13.39%. Apple's SG&A was $47.5M, missing the average forecast of $47.84M by -0.71%. Lastly, the company's EPS was $0, missing the average prediction of $1.91 by -100.00%. In terms of the last quarterly report (Dec 2023), National Retail Properties's revenue was $216.23M, beating the average analysts' forecast of $206.35M by 4.79%. The company's EBITDA was $195.2M, beating the average prediction of $186.46M by 4.69%. National Retail Properties's net income was $96.68M, beating the average estimation of $88.05M by 9.80%. The company's SG&A was $13.18M, beating the average forecast of $12.28M by 7.28%. Lastly, the company's EPS was $0.53, beating the average prediction of $0.482 by 10.03%