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	242.68	240.01	237.54	229.77	226.5	230.57	218.35	218.16	216.14	214.83	215.18	204.86	202.43	203.63	198.22	193.1	190.54	189.76	186.63	180.02
Total Revenue	244.27	240.42	238.4	230.16	226.8	230.85	218.48	218.56	216.81	215.41	216.23	205.13	202.64	204.11	198.52	193.47	190.78	190.28	187.26	180.36
Revenue Growth (YoY (YoY)	7.70%	4.15%	9.12%	5.30%	4.61%	7.17%	1.04%	6.55%	6.99%	5.54%	8.92%	6.03%	6.21%	7.27%	6.01%	7.27%	6.58%	5.84%	14.68%	13.69%
Property Expenses	8.27	9.8	10.04	9.13	8.84	9.38	11.14	7.26	6.76	7.15	8.24	6.46	6.84	6.85	7.04	5.88	6.17	7.2	7.52	6.52
Selling, General & Administrative	14.06	14.11	11.64	11.06	11.22	13.01	8.71	11.21	11.79	12.58	10.53	10.23	10.74	12.25	10.79	10.12	9.74	11.04	9.95	11.08
Depreciation & Amortization	71.03	70.8	68.22	67.25	68.35	64.62	63.19	63.37	62.5	60.62	60.08	59.52	59.88	59.15	57.32	56.39	57.44	52.68	53.39	50.98
Other Operating Expenses	0.21	0.14	0.15	0.13	0.07	0.13	0.02	0.02	0.02	0.03	0.08	0.1	0.05	0.08	0.06	0.1	0.08	0.09	0.06	0.09
Total Operating Expenses	93.56	94.85	90.05	87.57	88.48	87.13	83.07	81.86	81.07	80.39	78.92	76.3	77.5	78.32	75.21	72.48	73.43	71.01	70.91	68.66
Operating Income	150.71	145.58	148.34	142.59	138.32	143.72	135.42	136.7	135.74	135.02	137.31	128.83	125.14	125.79	123.31	120.99	117.35	119.27	116.35	111.7
Interest Expense	-53.49	-52.73	-53.57	-53.38	-49.28	-47.72	-46.88	-46.49	-46.58	-44.07	-43.39	-41.52	-40.09	-38.89	-37.67	-36.96	-36.74	-36.7	-36.68	-33.52
Interest & Investment Income	0.04	0.03	0.96	2.94	0.02	0.33	1.04	0.85	0.98	0.12	0.38	0.64	0.07	0.03	0.03	0.03	0.05	0.04	0.06	0.06
EBT Excluding Unusual Items	97.25	92.88	95.73	92.15	89.06	96.33	89.58	91.06	90.14	91.07	94.3	87.95	85.12	86.93	85.68	84.06	80.66	82.61	79.72	78.24
Gain (Loss) on Sale of Assets	9.11	12.19	15.64	12.57	16.2	3.81	12.08	7.77	17.62	4.82	7.26	19.99	13.93	6.3	6.79	5.89	0.78	3.99	5.16	9.47
Asset Writedown	-8.07	-10.68	-15.36	-7.2	-4.54	-1.51	-3.72	-0.76	-0.94	-1.2	-2.32	-1	-0.03	-2.64	-1.09	-0.97	-4.62	-1.63	-7.31	-4.78
Pretax Income	97.92	93.95	95.95	96.84	100.53	96.46	97.89	97.9	106.67	94.37	96.68	106.79	98.7	90.17	90.66	88.42	74.17	81.37	77.57	82.93
Earnings From Continuing Operations	97.92	93.95	95.95	96.84	100.53	96.46	97.89	97.9	106.67	94.37	96.68	106.79	98.7	90.17	90.66	88.42	74.17	81.37	77.57	82.93
Minority Interest in Earnings	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	-0	-	0
Net Income	97.92	93.95	95.95	96.84	100.53	96.46	97.89	97.9	106.67	94.37	96.68	106.79	98.7	90.17	90.66	88.42	74.17	81.37	77.57	82.93
Preferred Dividends & Other Adjustments	0.19	0.16	0.19	0.19	0.19	0.17	0.18	0.19	0.19	0.15	0.16	0.17	0.16	0.13	0.04	0.14	0.17	0.16	12.62	4.67
Net Income to Common	97.74	93.79	95.76	96.65	100.34	96.29	97.72	97.72	106.48	94.22	96.52	106.62	98.54	90.04	90.62	88.29	74.01	81.22	64.95	78.27
Net Income Growth (YoY)	-2.60%	-2.60%	-2.00%	-1.10%	-5.76%	2.20%	1.24%	-8.34%	8.05%	4.65%	6.51%	20.76%	33.15%	10.86%	39.52%	12.80%	8.26%	56.33%	14.71%	52.26%
Basic Shares Outstanding	189	189	189	188	187	187	186	184	182	182	181	181	181	181	179	177	175	175	175	175
Diluted Shares Outstanding	190	189	189	188	187	187	187	185	183	182	182	182	182	181	179	177	175	175	175	175
Shares Change (YoY)	1.36%	1.27%	1.29%	2.04%	2.33%	2.67%	2.69%	1.56%	0.65%	0.43%	1.37%	2.46%	3.72%	3.73%	2.63%	1.50%	0.22%	0.11%	0.82%	1.13%
EPS (Basic)	0.52	0.50	0.51	0.51	0.54	0.52	0.52	0.53	0.58	0.52	0.53	0.59	0.54	0.50	0.51	0.50	0.42	0.46	0.37	0.45
EPS (Diluted)	0.52	0.50	0.51	0.51	0.54	0.51	0.52	0.53	0.58	0.52	0.53	0.59	0.54	0.50	0.51	0.50	0.42	0.46	0.37	0.45
EPS Growth (YoY)	-3.73%	-2.72%	-2.23%	-3.77%	-7.43%	-1.59%	-2.38%	-9.83%	7.41%	4.10%	4.83%	17.77%	28.57%	8.23%	36.79%	11.35%	7.69%	54.59%	13.43%	50.56%

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	0.600	0.600	0.600	0.600	0.580	0.580	0.580	0.580	0.565	0.565	0.565	0.565	0.550	0.550	0.550	0.550	0.530	0.530	0.530	0.530
Dividend Growth (YoY)	3.45%	3.45%	3.45%	3.45%	2.66%	2.66%	2.66%	2.66%	2.73%	2.73%	2.73%	2.73%	3.77%	3.77%	3.77%	3.77%	1.92%	1.92%	1.92%	1.92%
Operating Margin	61.70%	60.55%	62.22%	61.95%	60.99%	62.26%	61.98%	62.54%	62.61%	62.68%	63.50%	62.80%	61.75%	61.63%	62.12%	62.53%	61.51%	62.68%	62.13%	61.93%
Profit Margin	40.01%	39.01%	40.17%	41.99%	44.24%	41.71%	44.73%	44.71%	49.11%	43.74%	44.64%	51.97%	48.63%	44.11%	45.65%	45.63%	38.79%	42.68%	34.68%	43.40%
EBITDA	221.73	216.38	213.82	208.06	206.67	208.34	198.12	199.72	198.25	195.64	196.96	188.35	185.01	184.94	180.13	177.38	174.79	171.95	169.74	162.95
EBITDA Margin	90.77%	90.00%	89.69%	90.40%	91.13%	90.25%	90.68%	91.38%	91.44%	90.82%	91.09%	91.82%	91.30%	90.61%	90.73%	91.68%	91.62%	90.37%	90.64%	90.35%
D&A For Ebitda	71.03	70.8	65.47	65.47	68.35	64.62	62.7	63.02	62.5	60.62	59.65	59.52	59.88	59.15	56.81	56.39	57.44	52.68	53.39	51.25
EBIT	150.71	145.58	148.34	142.59	138.32	143.72	135.42	136.7	135.74	135.02	137.31	128.83	125.14	125.79	123.31	120.99	117.35	119.27	116.35	111.7
EBIT Margin	61.70%	60.55%	62.22%	61.95%	60.99%	62.26%	61.98%	62.54%	62.61%	62.68%	63.50%	62.80%	61.75%	61.63%	62.12%	62.53%	61.51%	62.68%	62.13%	61.93%
Funds From Operations (FFO)	-	-	638.38	-	-	-	610.5	-	-	-	589.07	-	-	145.55	548.88	-	-	131.59	467.83	-
FFO Per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	0.80	-	-	-	0.75	-	-
Adjusted Funds From Operations (AFFO)	-	-	-	-	-	-	-	-	-	-	-	-	-	148.17	-	-	-	138.72	-	-
AFFO Per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	0.82	-	-	-	0.79	-	-
FFO Payout Ratio	-	-	17.78%	-	-	-	17.74%	-	-	-	17.43%	-	-	68.29%	17.84%	-	-	70.48%	19.82%	-
Revenue as Reported	244.27	240.42	238.4	230.16	226.8	230.85	218.48	218.56	216.81	215.41	216.23	205.13	202.64	204.11	198.52	193.47	190.78	190.28	187.26	180.36

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 6, 2026

Data Sources Report a data error