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NNN REIT, Inc. (NNN)
NYSE: NNN · Real-Time Price · USD
49.23
+0.02 (0.04%)
Jul 28, 2026, 4:00 PM EDT - Market closed

NNN REIT Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
935.78926.21869.27828.11773.05726.41
Revenue Growth
5.77%6.55%4.97%7.12%6.42%9.95%
Gross Profit
897.98888.83836.95799.73746.77698.02
Operating Income
592.28589.49577.87555.1482.54449.1
Net Income
387.27389.78396.84392.34334.63264.22
Earnings Per Share
2.062.072.152.161.891.51
EPS Growth
-3.74%-3.72%-0.46%14.29%25.17%23.77%

Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Rental Income From Operating Leases
911.88902.37846.65805.14751.68703.87
Earned Income From Direct Financing Leases
0.390.420.470.560.60.62
Percentage Rent
0.981.551.541.631.540.71
Real Estate Expense Reimbursement From Tenants
20.5720.0418.8118.7617.818.67
Interest And Other Income From Real Estate Transactions
1.961.831.82.021.442.55
Revenue (Total)
935.78926.21869.27828.11773.05726.41

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
4.575.058.731.192.51171.32
Total Debt
4,8544,8204,3744,3613,9163,746
Net Cash (Debt)
-4,850-4,815-4,365-4,359-3,914-3,575
Net Cash Growth
------
Net Cash Per Share
-25.72-25.62-23.72-23.99-22.10-20.45

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
650.88667.13635.5612.41578.36568.43
Capital Expenditures
-847.84-937.08-572.87-795.79-842.87-553.32
Free Cash Flow
-196.96-269.9562.63-183.38-264.5215.1
Free Cash Flow Growth
------94.06%

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
95.96%95.96%96.28%96.57%96.60%96.09%
Operating Margin
63.29%63.64%66.48%67.03%62.42%61.82%
Pretax Margin
47.43%47.29%50.52%53.11%45.54%43.12%
Profit Margin
41.38%42.08%45.65%47.38%43.29%39.94%
FCF Margin
-21.05%-29.15%7.20%-22.14%-34.22%2.08%

Dividends
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
2.4002.3602.2902.2302.1602.100
Dividend Per Share Growth
3.42%3.06%2.69%3.24%2.86%1.45%
Dividend Yield
4.88%5.96%5.60%5.18%4.71%4.37%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
23.9619.1419.0019.9524.2131.83
P/FCF Ratio
--122.32--559.02
PS Ratio
10.018.138.819.5010.7411.62