NNN REIT shares outstanding NNN
Diluted shares outstanding, averaged over each quarter, from 2009.
- Latest quarter, to Jun 30, 2026
- 189.6M
- On a year earlier
- +1.4%
- more shares
NNN REIT had 189.6M diluted shares outstanding on average in Q2 FY26, the quarter to Jun 30, 2026.
That is 1.4% more than a year earlier, so each share owns a little less of the company.
Shares outstanding over time
Fiscal year by fiscal year
| Fiscal year | Shares, fourth quarter | Change |
|---|---|---|
| FY2025 | 188.9M | +1% |
| FY2024 | 186.3M | +2% |
| FY2023 | 182.4M | +1% |
| FY2022 | 180.3M | +3% |
| FY2021 | 175.1M | +1% |
| FY2020 | 173.4M | +1% |
| FY2019 | 170.9M | +7% |
| FY2018 | 160.1M | +5% |
| FY2017 | 152.1M | +4% |
| FY2016 | 146.5M | +6% |
| FY2015 | 138M | +7% |
| FY2014 | 128.7M | +6% |
| FY2013 | 121.4M | +8% |
| FY2012 | 112.2M | +13% |
| FY2011 | 98.9M | +19% |
Each fiscal year is the twelve months to its fourth quarter, shown as the fourth quarter's average share count.
Quarter by quarter
| Quarter | Ended | Shares outstanding | On a year earlier |
|---|---|---|---|
| Q2 FY26 | 189.6M | +1% | |
| Q1 FY26 | 189.5M | +1% | |
| Q4 FY25 | 188.9M | +1% | |
| Q3 FY25 | 188.3M | +2% | |
| Q2 FY25 | 187.1M | +2% | |
| Q1 FY25 | 187.1M | +3% | |
| Q4 FY24 | 186.3M | +2% | |
| Q3 FY24 | 184.6M | +2% | |
| Q2 FY24 | 182.8M | +1% | |
| Q1 FY24 | 182.2M | +0% | |
| Q4 FY23 | 182.4M | +1% | |
| Q3 FY23 | 181.7M | +2% |
What the shares outstanding tells you
Diluted shares outstanding, averaged over the period. Fewer shares means each one owns more of the company.
A falling count usually means buybacks. A rising one means stock pay, acquisitions paid in shares or new shares sold.
More on NNN REIT
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.