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Occupancy Rate
Share of total rentable space that is currently leased. High occupancy underpins steady income and dividend coverage; falling occupancy often precedes revenue drop, higher tenant improvement or leasing costs, and increased vacancy risk.NNN’s occupancy has effectively been at saturation for years, with only a shallow mid‑2025 dip before a year‑end rebound—signaling durable demand for its triple‑net portfolio and competent leasing/renewal execution. That steadiness limits upside from filling vacancies, so FFO growth will more likely come from re‑leasing spreads, contractual rent bumps, acquisitions or cap‑rate moves. Monitor lease expirations and tenant mix closely: with occupancy already high, small churns or credit issues can disproportionately impact near‑term cash flow.
Date | Occupancy Rate |
|---|---|
Mar 31, 2026 | 98.60 |
Dec 31, 2025 | 98.30 |
Sep 30, 2025 | 97.50 |
Jun 30, 2025 | 98.00 |
Mar 31, 2025 | 98.00 |
Dec 31, 2024 | 98.00 |
Sep 30, 2024 | 99.00 |
Jun 30, 2024 | 99.00 |
Mar 31, 2024 | 99.00 |
Dec 31, 2023 | 99.00 |