Shares Outstanding for NNN REIT (NNN)
According to NNN REIT's latest reported financial statements, the company's latest reported diluted shares outstanding is 189.24M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
NNN
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Latest period
189.24M
YoY change
+2.1%
5Y CAGR
+1.8%
Peak year (2025)
187.99M
Latest annual
187.99M
Shares Outstanding history chart for NNN REIT (NNN) from 1985 to 2025
Shares Outstanding history table for NNN REIT (NNN) from 1985 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 187.99M | +2.1% | ||
| 2024 | 184.04M | +1.3% | ||
| 2023 | 181.69M | +4.0% | ||
| 2022 | 174.74M | -0.0% | ||
| 2021 | 174.82M | +1.5% | ||
| 2020 | 172.22M | +4.3% | ||
| 2019 | 165.08M | +5.6% | ||
| 2018 | 156.30M | +4.6% | ||
| 2017 | 149.43M | +3.3% | ||
| 2016 | 144.66M | +7.6% | ||
| 2015 | 134.49M | +7.8% | ||
| 2014 | 124.71M | +4.0% | ||
| 2013 | 119.86M | +9.8% | ||
| 2012 | 109.12M | +22.8% | ||
| 2011 | 88.84M | +7.2% | ||
| 2010 | 82.85M | +3.6% | ||
| 2009 | 79.95M | +7.3% | ||
| 2008 | 74.52M | +12.2% | ||
| 2007 | 66.41M | +14.3% | ||
| 2006 | 58.08M | +6.3% | ||
| 2005 | 54.64M | +5.6% | ||
| 2004 | 51.74M | +17.9% | ||
| 2003 | 43.90M | +8.1% | ||
| 2002 | 40.59M | +28.0% | ||
| 2001 | 31.72M | +4.3% | ||
| 2000 | 30.41M | -0.0% | ||
| 1999 | 30.41M | +3.4% | ||
| 1998 | 29.40M | +21.4% | ||
| 1997 | 24.22M | +44.3% | ||
| 1996 | 16.78M | +43.9% | ||
| 1995 | 11.66M | +36.3% | ||
| 1994 | 8.56M | +370.7% | ||
| 1993 | 1.82M | +8.0% | ||
| 1992 | 1.68M | +10.1% | ||
| 1991 | 1.53M | +2.7% | ||
| 1990 | 1.49M | +0.8% | ||
| 1989 | 1.48M | +3.4% | ||
| 1988 | 1.43M | -3.8% | ||
| 1987 | 1.49M | -2.5% | ||
| 1986 | 1.52M | +4.8% | ||
| 1985 | 1.45M | — |
Shares Outstanding values are taken from NNN REIT's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, NNN REIT (NNN) reported diluted shares outstanding of 187.99M – edged up 2.1% year-over-year.
NNN REIT diluted shares outstanding has grown for 3 consecutive years, with a +1.8% compound annual growth rate over 2020–2025 (5 years).
187.99M stands as the all-time-high annual diluted shares outstanding, posted in 2025, against a low of 1.43M during 1988.
Within Real Estate, NNN REIT (NNN) ranks 7th among 8 peers we track. The peer median for diluted shares outstanding is 410.36M.
NNN REIT Shares Outstanding by Year
NNN REIT Shares Outstanding 2025: 187.99M
NNN REIT diluted shares outstanding in 2025 was 187.99M, edged up 2.1% from 2024. This figure represents the highest annual value in the available history.
NNN REIT Shares Outstanding 2024: 184.04M
NNN REIT diluted shares outstanding in 2024 was 184.04M, edged up 1.3% from 2023.
NNN REIT Shares Outstanding 2023: 181.69M
NNN REIT diluted shares outstanding in 2023 was 181.69M, edged up 4.0% from 2022.
NNN REIT Shares Outstanding 2022: 174.74M
NNN REIT diluted shares outstanding in 2022 was 174.74M, edged down 0.0% below 2021.
NNN REIT Shares Outstanding 2021: 174.82M
NNN REIT diluted shares outstanding in 2021 was 174.82M.
See more financial history for NNN REIT (NNN).
Sector peers — Shares Outstanding
Companies in the same sector as NNN REIT, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Prologis, Inc. (PLD) | 958.02M | Real Estate |
| Realty Income Corporation (O) | 904.79M | Real Estate |
| Welltower Inc. (WELL) | 679.52M | Real Estate |
| American Tower Corporation (AMT) | 469.14M | Real Estate |
| Digital Realty Trust, Inc. (DLR) | 351.57M | Real Estate |
| Simon Property Group, Inc. (SPG) | 326.02M | Real Estate |
| Public Storage (PSA) | 175.90M | Real Estate |
| Equinix, Inc. (EQIX) | 98.12M | Real Estate |
Frequently asked questions
What is NNN REIT's diluted shares outstanding?
- Latest reported diluted shares outstanding for NNN REIT (NNN) is 189.24M (period ending December 31, 2025).
How has NNN REIT diluted shares outstanding changed year-over-year?
- NNN REIT (NNN) diluted shares outstanding changed +2.1% year-over-year on the latest annual filing.
What is the long-term growth rate of NNN REIT diluted shares outstanding?
- NNN REIT (NNN) diluted shares outstanding compound annual growth rate is +1.8% over the most recent 5 years available.
When did NNN REIT diluted shares outstanding hit its highest annual value?
- NNN REIT diluted shares outstanding reached its highest annual value of 187.99M in 2025.
What was NNN REIT diluted shares outstanding in 2024?
- NNN REIT (NNN) diluted shares outstanding in 2024 was 184.04M.
What was NNN REIT diluted shares outstanding in 2025?
- NNN REIT (NNN) diluted shares outstanding in 2025 was 187.99M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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