NNN REIT, Inc. (NNN)

NNN Financials

NNN Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	761.536M	230.625M	91.916M	221.031M	217.964M	221.479M	207.340M	211.301M	210.055M
Revenue	935.783M	240.424M	238.398M	230.159M	226.802M	230.854M	218.482M	218.564M	216.813M
Cost of Goods Sold	174.247M	9.799M	146.482M	9.128M	8.838M	9.375M	11.142M	7.263M	6.758M
Gross Profit Margin	95.9%	95.9%	38.6%	96.0%	96.1%	95.9%	94.9%	96.7%	96.9%
Total Operating Expenses	171.037M	85.481M	-56.366M	73.754M	68.168M	77.627M	63.606M	67.751M	57.788M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	48.095M	14.106M	11.642M	11.056M	11.291M	15.311M	8.771M	11.387M	11.809M
Operating Income (EBIT)	590.778M	145.144M	148.561M	147.277M	149.796M	143.852M	143.734M	143.550M	152.267M
Operating Margin	60.4%	60.4%	62.3%	64.0%	66.0%	62.3%	65.8%	65.7%	70.2%
Income Before Tax (EBT)	387.270M	93.951M	95.951M	96.839M	100.529M	96.458M	97.894M	97.904M	106.666M
Interest Income	241K	28K	87K	111K	15K	329K	1.040M	845K	976K
Interest Expense	208.197M	52.726M	53.291M	52.898M	49.282M	47.723M	46.880M	46.491M	46.577M
Other Income/Expense	-203.508M	-51.193M	-52.610M	-50.438M	-49.267M	-47.394M	-45.840M	-45.646M	-45.601M
Net Income	387.270M	93.951M	95.951M	96.839M	100.529M	96.458M	97.894M	97.904M	106.666M
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit Margin	39.1%	39.1%	40.2%	42.1%	44.3%	41.8%	44.8%	44.8%	49.2%
EBITDA	870.058M	217.446M	217.463M	216.989M	218.160M	208.798M	207.968M	207.764M	215.746M
EBITDA Margin	90.4%	90.4%	91.2%	94.3%	96.2%	90.4%	95.2%	95.1%	99.5%
Depreciation & Amortization	274.619M	70.797M	68.221M	67.252M	68.349M	64.617M	63.194M	63.369M	62.503M
EPS Basic	2.06	0.50	0.51	0.51	0.54	0.52	0.52	0.53	0.58
EPS Diluted	2.06	0.50	0.51	0.51	0.54	0.51	0.52	0.53	0.58
Shares Outstanding	189.032M	189.032M	188.832M	189.881M	186.877M	186.855M	186.449M	184.007M	182.439M
Diluted Shares Outstanding	189.459M	189.459M	189.238M	188.333M	187.070M	187.080M	186.833M	184.561M	182.807M

NNN Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	351.954M	836.949M	799.733M	746.772M	698.022M	632.319M	642.831M	597.562M
Revenue	926.213M	869.266M	828.111M	773.053M	726.407M	660.681M	670.487M	622.661M
Cost of Goods Sold	574.259M	32.317M	28.378M	26.281M	28.385M	28.362M	27.656M	25.099M
Gross Profit Margin	38.0%	96.3%	96.6%	96.6%	96.1%	95.7%	95.9%	96.0%
Total Operating Expenses	-217.914M	259.077M	244.629M	264.235M	248.926M	257.830M	226.312M	172.800M
Research & Development	0.00	0.00	0.00	0.43	0.40	0.35	0.45	0.47
Selling, General & Administrative	46.923M	45.054M	47.499M	49.535M	44.843M	38.237M	37.912M	34.248M
Operating Income (EBIT)	569.868M	577.872M	555.104M	482.537M	449.096M	374.489M	416.780M	424.762M
Operating Margin	61.5%	66.5%	67.0%	62.4%	61.8%	56.7%	62.2%	68.2%
Income Before Tax (EBT)	389.777M	396.835M	392.340M	334.621M	290.110M	228.796M	299.608M	292.485M
Interest Income	424K	2.980M	1.134M	149K	216K	417K	3.112M	1.810M
Interest Expense	202.265M	184.017M	163.898M	148.065M	137.874M	129.431M	120.023M	115.847M
Other Income/Expense	-180.091M	-181.037M	-162.764M	-147.916M	-158.986M	-145.693M	-116.911M	-132.277M
Net Income	389.777M	396.835M	392.340M	334.626M	290.113M	228.799M	299.180M	292.447M
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit Margin	42.1%	45.7%	47.4%	43.3%	39.9%	34.6%	44.6%	47.0%
EBITDA	860.481M	830.533M	794.863M	706.520M	633.204M	554.850M	608.502M	582.730M
EBITDA Margin	92.9%	95.5%	96.0%	91.4%	87.2%	84.0%	90.8%	93.6%
Depreciation & Amortization	268.439M	249.681M	238.625M	223.834M	205.220M	196.623M	188.871M	174.398M
EPS Basic	2.07	2.16	2.16	1.89	1.51	1.22	1.56	1.65
EPS Diluted	2.07	2.15	2.16	1.89	1.51	1.22	1.56	1.65
Shares Outstanding	187.611M	183.689M	181.200M	174.739M	174.711M	172.110M	164.688M	155.745M
Diluted Shares Outstanding	187.987M	184.044M	181.690M	174.739M	174.819M	172.217M	165.084M	156.296M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About NNN REIT, Inc.

NNN REIT primarily allocates capital to top-tier retail real estate, generally held under extended net lease contracts. As of September 30, 2020, their holdings encompassed 3,114 properties spanning 48 U.S. states. These assets collectively accounted for roughly 32.4 million square feet of gross leasable area, with an average remaining lease duration of 10.7 years.

Orlando, FL

83 employees

www.nnnreit.com

Real Estate / REIT - Retail

Sector: Real Estate
Industry: REIT - Retail
CEO: Stephen A. Horn Jr.

View full financials