NNN REIT, INC. (NNN) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: April 30, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 3.88% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

190M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

NNN currently has 189M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 3.88% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
Apr 30, 2026	10-Q filing \| 189.5M shares outstanding	190M
Nov 04, 2025	10-Q filing \| 188.3M shares outstanding	190M
Aug 05, 2025	10-Q filing \| 187.1M shares outstanding	190M
May 01, 2025	10-Q filing \| 187.1M shares outstanding	190M
Feb 11, 2025	10-K filing \| 184.0M shares outstanding	180M
Oct 31, 2024	10-Q filing \| 184.6M shares outstanding	180M
Aug 01, 2024	10-Q filing \| 182.8M shares outstanding	180M
May 01, 2024	10-Q filing \| 182.2M shares outstanding	180M
Feb 08, 2024	10-K filing \| 181.7M shares outstanding	180M
Nov 01, 2023	10-Q filing \| 181.7M shares outstanding	180M
Aug 02, 2023	10-Q filing \| 181.6M shares outstanding	180M
May 02, 2023	10-Q filing \| 181.4M shares outstanding	180M
Feb 09, 2023	10-K filing \| 177.1M shares outstanding	180M
Nov 02, 2022	10-Q filing \| 177.4M shares outstanding	180M
Aug 03, 2022	10-Q filing \| 177.1M shares outstanding	180M
May 03, 2022	10-Q filing \| 175.9M shares outstanding	180M
Feb 09, 2022	10-K filing \| 174.8M shares outstanding	170M
Nov 02, 2021	10-Q filing \| 175.6M shares outstanding	180M
Aug 03, 2021	10-Q filing \| 174.7M shares outstanding	170M
May 04, 2021	10-Q filing \| 174.7M shares outstanding	170M
Feb 11, 2021	10-K filing \| 172.2M shares outstanding	170M
Nov 02, 2020	10-Q filing \| 172.8M shares outstanding	170M
Aug 03, 2020	10-Q filing \| 171.5M shares outstanding	170M
May 04, 2020	10-Q filing \| 171.2M shares outstanding	170M
Feb 11, 2020	10-K filing \| 164.7M shares outstanding	160M

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