NNN REIT, Inc. (NNN)
NYSE: NNN · Real-Time Price · USD
43.85
-0.28 (-0.63%)
At close: Sep 10, 2026, 4:00 PM EDT
43.99
+0.14 (0.32%)
After-hours: Sep 10, 2026, 4:44 PM EDT
NNN REIT Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Rental Revenue | 950 | 924.38 | 867.47 | 826.09 | 771.62 | 723.86 |
| 953.25 | 926.21 | 869.27 | 828.11 | 773.05 | 726.41 | |
Revenue Growth (YoY | 6.54% | 6.55% | 4.97% | 7.12% | 6.42% | 9.95% |
Property Expenses | 37.23 | 37.38 | 32.32 | 28.38 | 26.28 | 28.39 |
Selling, General & Administrative | 50.86 | 46.92 | 44.29 | 43.75 | 41.7 | 44.64 |
Depreciation & Amortization | 277.3 | 268.44 | 249.68 | 238.63 | 223.83 | 205.22 |
Other Operating Expenses | 0.64 | 0.49 | 0.1 | 0.3 | 0.32 | 0.2 |
Total Operating Expenses | 366.03 | 353.23 | 326.38 | 311.05 | 292.13 | 278.45 |
Operating Income | 587.22 | 572.98 | 542.88 | 517.06 | 480.92 | 447.96 |
Interest Expense | -213.16 | -203.96 | -184.02 | -163.9 | -148.07 | -137.87 |
Interest & Investment Income | 3.97 | 4.25 | 2.98 | 1.13 | 0.15 | 0.22 |
EBT Excluding Unusual Items | 378.02 | 373.28 | 361.85 | 354.3 | 333.01 | 310.3 |
Gain (Loss) on Sale of Assets | 49.5 | 48.22 | 42.29 | 47.49 | 17.44 | 23.09 |
Asset Writedown | -41.3 | -28.6 | -6.63 | -5.99 | -8.31 | -21.96 |
Other Unusual Items | - | - | - | - | - | -21.33 |
Pretax Income | 384.67 | 389.78 | 396.84 | 392.34 | 334.62 | 290.11 |
Earnings From Continuing Operations | 384.67 | 389.78 | 396.84 | 392.34 | 334.62 | 290.11 |
Minority Interest in Earnings | - | - | - | - | 0.01 | 0 |
Net Income | 384.67 | 389.78 | 396.84 | 392.34 | 334.63 | 290.11 |
Preferred Dividends & Other Adjustments | 0.72 | 0.73 | 0.69 | 0.61 | 0.51 | 26.59 |
Net Income to Common | 383.94 | 389.05 | 396.15 | 391.73 | 334.11 | 263.53 |
Net Income Growth | -2.07% | -1.79% | 1.13% | 17.24% | 26.78% | 25.39% |
Basic Shares Outstanding | 189 | 188 | 184 | 181 | 176 | 175 |
Diluted Shares Outstanding | 189 | 188 | 184 | 182 | 177 | 175 |
Shares Change | 1.58% | 2.14% | 1.30% | 2.61% | 1.29% | 1.51% |
EPS (Basic) | 2.03 | 2.07 | 2.16 | 2.16 | 1.89 | 1.51 |
EPS (Diluted) | 2.03 | 2.07 | 2.15 | 2.16 | 1.89 | 1.51 |
EPS Growth | -3.35% | -3.72% | -0.46% | 14.29% | 25.30% | 23.64% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Dividend Per Share | 2.400 | 2.360 | 2.290 | 2.230 | 2.160 | 2.100 |
Dividend Growth | 3.45% | 3.06% | 2.69% | 3.24% | 2.86% | 1.45% |
Operating Margin | 61.60% | 61.86% | 62.45% | 62.44% | 62.21% | 61.67% |
Profit Margin | 40.28% | 42.00% | 45.57% | 47.30% | 43.22% | 36.28% |
EBITDA | 860.66 | 837.57 | 792.07 | 755.26 | 704.25 | 652.47 |
EBITDA Margin | 90.29% | 90.43% | 91.12% | 91.20% | 91.10% | 89.82% |
D&A For Ebitda | 273.44 | 264.58 | 249.19 | 238.2 | 223.32 | 204.51 |
EBIT | 587.22 | 572.98 | 542.88 | 517.06 | 480.92 | 447.96 |
EBIT Margin | 61.60% | 61.86% | 62.45% | 62.44% | 62.21% | 61.67% |
Funds From Operations (FFO) | 638.38 | 638.38 | 610.5 | - | - | - |
FFO Per Share | - | 3.40 | 3.32 | - | - | - |
Adjusted Funds From Operations (AFFO) | - | 647.58 | 616.61 | - | - | - |
AFFO Per Share | - | 3.44 | 3.35 | - | - | - |
FFO Payout Ratio | 71.03% | 69.43% | 68.84% | - | - | - |
Revenue as Reported | 953.25 | 926.21 | 869.27 | 828.11 | 773.05 | 726.41 |