NNN REIT, Inc. (NNN)

NNN REIT Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Quarter	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Period Ending	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021
Rental Revenue	950	933.82	924.38	905.19	893.58	883.22	867.47	864.3	851	837.29	826.09	809.13	797.38	785.49	771.62	760.03	746.96	734.42	723.86	700.13
Total Revenue	953.25	935.78	926.21	906.3	894.7	884.71	869.27	867.02	853.58	839.41	828.11	810.4	798.74	786.88	773.05	761.79	748.68	736.91	726.41	702.43
Revenue Growth (YoY (YoY)	6.54%	5.77%	6.55%	4.53%	4.82%	5.40%	4.97%	6.99%	6.87%	6.68%	7.12%	6.38%	6.69%	6.78%	6.42%	8.45%	9.99%	10.75%	9.95%	4.72%
Property Expenses	37.23	37.81	37.38	38.48	36.62	34.54	32.32	29.41	28.61	28.69	28.38	27.18	26.59	25.93	26.28	26.77	27.41	27.86	28.39	28.92
Selling, General & Administrative	50.86	48.02	46.92	43.99	44.14	44.71	44.29	46.11	45.13	44.08	43.75	44.01	43.9	42.9	41.7	40.85	41.81	43.93	44.64	43.94
Depreciation & Amortization	277.3	274.62	268.44	263.41	259.53	253.68	249.68	246.57	242.72	240.09	238.63	235.87	232.73	230.3	223.83	219.9	214.49	207.92	205.22	200.93
Other Operating Expenses	0.64	0.5	0.49	0.36	0.25	0.2	0.1	0.15	0.23	0.26	0.3	0.28	0.28	0.31	0.32	0.32	0.31	0.25	0.2	0.19
Total Operating Expenses	366.03	360.95	353.23	346.24	340.54	333.13	326.38	322.24	316.68	313.11	311.05	307.33	303.51	299.44	292.13	287.84	284.01	279.97	278.45	273.98
Operating Income	587.22	574.84	572.98	560.06	554.17	551.59	542.88	544.77	536.9	526.3	517.06	503.07	495.23	487.44	480.92	473.96	464.67	456.94	447.96	428.46
Interest Expense	-213.16	-208.96	-203.96	-197.26	-190.38	-187.67	-184.02	-180.53	-175.56	-169.08	-163.9	-158.17	-153.61	-150.26	-148.07	-147.08	-143.64	-139.99	-137.87	-133.27
Interest & Investment Income	3.97	3.95	4.25	4.32	2.23	3.19	2.98	2.32	2.12	1.22	1.13	0.78	0.17	0.15	0.15	0.18	0.21	0.19	0.22	0.23
EBT Excluding Unusual Items	378.02	369.83	373.28	367.12	366.02	367.1	361.85	366.57	363.47	358.44	354.3	345.67	341.78	337.33	333.01	327.05	321.23	317.14	310.3	295.41
Gain (Loss) on Sale of Assets	49.5	56.59	48.22	44.66	39.86	41.28	42.29	37.47	49.7	46.01	47.49	47.01	32.91	19.75	17.44	15.82	19.4	22.81	23.09	20.54
Asset Writedown	-41.3	-37.77	-28.6	-16.97	-10.53	-6.94	-6.63	-5.22	-5.46	-4.55	-5.99	-4.76	-4.73	-9.32	-8.31	-14.53	-18.34	-21.46	-21.96	-19.03
Other Unusual Items	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-21.33	-21.33
Pretax Income	384.67	387.27	389.78	391.72	392.79	398.92	396.84	395.62	404.51	396.54	392.34	386.32	367.95	343.42	334.62	321.53	316.04	314.9	290.11	273.83
Earnings From Continuing Operations	384.67	387.27	389.78	391.72	392.79	398.92	396.84	395.62	404.51	396.54	392.34	386.32	367.95	343.42	334.62	321.53	316.04	314.9	290.11	273.83
Net Income to Company	384.67	387.27	389.78	391.72	392.79	398.92	396.84	395.62	404.51	396.54	392.34	386.32	367.95	343.42	334.62	321.53	316.04	314.9	290.11	273.83
Minority Interest in Earnings	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.01	0.01	0.01	0	0	0
Net Income	384.67	387.27	389.78	391.72	392.79	398.92	396.84	395.62	404.51	396.54	392.34	386.32	367.95	343.42	334.63	321.53	316.05	314.9	290.11	273.83
Preferred Dividends & Other Adjustments	0.72	0.72	0.73	0.71	0.71	0.7	0.69	0.67	0.65	0.63	0.61	0.49	0.49	0.49	0.51	13.09	17.61	22.11	26.59	18.63
Net Income to Common	383.94	386.55	389.05	391.01	392.08	398.22	396.15	394.95	403.86	395.91	391.73	385.83	367.46	342.93	334.11	308.44	298.44	292.79	263.53	255.2
Net Income Growth (YoY)	-2.07%	-2.93%	-1.79%	-1.00%	-2.92%	0.58%	1.13%	2.36%	9.90%	15.45%	17.24%	25.09%	23.13%	17.12%	26.78%	20.86%	30.70%	45.25%	25.39%	20.44%
Basic Shares Outstanding	189	188	188	187	186	185	184	182	182	181	181	181	179	178	176	175	175	175	175	174
Diluted Shares Outstanding	189	189	188	187	186	185	184	183	182	182	182	181	180	179	177	176	175	175	175	174
Shares Change (YoY)	1.58%	1.79%	2.14%	2.33%	2.27%	1.86%	1.30%	1.05%	1.03%	1.78%	2.61%	3.07%	3.07%	2.19%	1.29%	0.79%	0.61%	1.03%	1.51%	1.63%
EPS (Basic)	2.03	2.05	2.07	2.09	2.11	2.15	2.16	2.16	2.22	2.18	2.16	2.14	2.05	1.93	1.89	1.76	1.71	1.68	1.51	1.46
EPS (Diluted)	2.03	2.05	2.07	2.08	2.10	2.14	2.15	2.16	2.22	2.18	2.16	2.14	2.04	1.93	1.89	1.75	1.71	1.67	1.51	1.46
EPS Growth (YoY)	-3.35%	-3.98%	-3.72%	-3.69%	-5.38%	-1.85%	-0.46%	1.10%	8.87%	13.10%	14.29%	22.06%	19.46%	15.42%	25.30%	19.54%	30.27%	43.32%	23.64%	18.84%

Additional Metrics

Fiscal Quarter	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Period Ending	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021
Dividend Per Share	2.400	2.380	2.360	2.340	2.320	2.305	2.290	2.275	2.260	2.245	2.230	2.215	2.200	2.180	2.160	2.140	2.120	2.110	2.100	2.090
Dividend Growth (YoY)	3.45%	3.25%	3.06%	2.86%	2.66%	2.67%	2.69%	2.71%	2.73%	2.98%	3.24%	3.50%	3.77%	3.32%	2.86%	2.39%	1.92%	1.69%	1.45%	1.21%
Operating Margin	61.60%	61.43%	61.86%	61.80%	61.94%	62.35%	62.45%	62.83%	62.90%	62.70%	62.44%	62.08%	62.00%	61.95%	62.21%	62.22%	62.07%	62.01%	61.67%	61.00%
Profit Margin	40.28%	41.31%	42.00%	43.14%	43.82%	45.01%	45.57%	45.55%	47.31%	47.17%	47.30%	47.61%	46.01%	43.58%	43.22%	40.49%	39.86%	39.73%	36.28%	36.33%
EBITDA	860.66	845.6	837.57	821.54	813.2	804.77	792.07	790.56	779.19	765.96	755.26	738.43	727.45	717.23	704.25	693.86	679.43	664.7	652.47	628.49
EBITDA Margin	90.29%	90.36%	90.43%	90.65%	90.89%	90.96%	91.12%	91.18%	91.29%	91.25%	91.20%	91.12%	91.07%	91.15%	91.10%	91.08%	90.75%	90.20%	89.82%	89.47%
D&A For Ebitda	273.44	270.76	264.58	261.49	259.03	253.19	249.19	245.79	242.29	239.66	238.2	235.36	232.22	229.79	223.32	219.9	214.76	207.76	204.51	200.04
EBIT	587.22	574.84	572.98	560.06	554.17	551.59	542.88	544.77	536.9	526.3	517.06	503.07	495.23	487.44	480.92	473.96	464.67	456.94	447.96	428.46
EBIT Margin	61.60%	61.43%	61.86%	61.80%	61.94%	62.35%	62.45%	62.83%	62.90%	62.70%	62.44%	62.08%	62.00%	61.95%	62.21%	62.22%	62.07%	62.01%	61.67%	61.00%
Funds From Operations (FFO)	638.38	638.38	638.38	610.5	610.5	610.5	610.5	589.07	589.07	443.53	-	548.88	548.88	562.84	-	467.83	467.83	599.43	-	428.24
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%	70.24%	69.43%	71.75%	70.65%	69.76%	68.84%	70.38%	69.80%	91.93%	-	72.82%	71.79%	68.79%	-	80.24%	79.32%	61.59%	-	85.14%
Revenue as Reported	953.25	935.78	926.21	906.3	894.7	884.71	869.27	867.02	853.58	839.41	828.11	810.4	798.74	786.88	773.05	761.79	748.68	736.91	726.41	702.43

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 16, 2026

Data Sources Report a data error