NNN REIT, Inc. (NNN) Operating Margin: 63.13%
Is NNN REIT, Inc.’s operating margin high or low?
NNN REIT, Inc.'s operating margin of 63.13% is in line with its 5-year average of 62.66%, around the middle of its 5-year range (56.68%–67.03%).
As of Thursday, June 11, 2026. 1.37% below its 12-month average of 64.00%.
NNN Operating Margin Chart
NNN Average Operating Margin Chart
NNN Current vs Average Operating Margin Chart
NNN Operating Margin Metrics
OPERATING MARGIN
63.13%
OPERATING MARGIN AVG TTM
64.00%
OPERATING MARGIN AVG 3Y
64.37%
OPERATING MARGIN AVG 5Y
62.66%
OPERATING MARGIN AVG 10Y
61.98%
OPERATING MARGIN AVG 15Y
60.22%
OPERATING MARGIN AVG 20Y
59.86%
CURRENT VS TTM AVG
-1.37%
CURRENT VS 3Y AVG
-1.92%
CURRENT VS 5Y AVG
+0.75%
CURRENT VS 10Y AVG
+1.86%
CURRENT VS 15Y AVG
+4.83%
CURRENT VS 20Y AVG
+5.46%
NNN Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NNN REIT, Inc. (NNN) | $8.91B | 63.13% | 64.00% | 64.37% | 62.66% |
| Agree Realty Corporation (ADC) | $9.14B | 48.03% | 48.18% | 48.61% | 50.68% |
| Federal Realty Investment Trust (FRT) | $10.68B | 41.58% | 37.61% | 40.03% | 39.38% |
| Terreno Realty Corporation (TRNO) | $7.09B | 40.81% | 39.54% | 40.06% | 43.51% |
| VICI Properties Inc. (VICI) | $30.59B | 98.67% | 91.57% | 84.63% | 84.79% |
| Crown Castle Inc. (CCI) | $40.04B | 48.01% | 2.01% | 18.16% | 22.69% |
| Public Storage (PSA) | $56.58B | 50.85% | 46.80% | 49.20% | 49.19% |
| Realty Income Corporation (O) | $58.04B | 29.27% | 36.16% | 38.42% | 41.26% |
| Digital Realty Trust, Inc. (DLR) | $63.56B | 14.61% | 9.63% | 10.35% | 11.89% |
| Simon Property Group, Inc. (SPG) | $69.34B | 48.28% | 50.88% | 50.05% | 48.36% |
Operating Efficiency
Gross Margin
81.4%
Operating Margin
63.1%
NNN REIT, Inc. Operating Margin Formula & Definition
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
NNN REIT, Inc. Operating Margin FAQ
- What is the operating margin for NNN REIT, Inc. (NNN)?
- The operating margin for NNN stock is 63.13%.
- Is NNN REIT, Inc.'s operating margin high or low?
- NNN REIT, Inc.'s operating margin of 63.13% is in line with its 5-year average of 62.66%, around the middle of its 5-year range (56.68%–67.03%).
- What is the TTM average operating margin for NNN REIT, Inc. (NNN)?
- The TTM average operating margin for NNN stock is 64.00%.
- What is the 3Y average operating margin for NNN REIT, Inc. (NNN)?
- The 3Y average operating margin for NNN stock is 64.37%.
- What is the 5Y average operating margin for NNN REIT, Inc. (NNN)?
- The 5Y average operating margin for NNN stock is 62.66%.
- What is the 10Y average operating margin for NNN REIT, Inc. (NNN)?
- The 10Y average operating margin for NNN stock is 61.98%.
- What is the 15Y average operating margin for NNN REIT, Inc. (NNN)?
- The 15Y average operating margin for NNN stock is 60.22%.
- What is the 20Y average operating margin for NNN REIT, Inc. (NNN)?
- The 20Y average operating margin for NNN stock is 59.86%.
NNN REIT, Inc. Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2025-12-31 | 61.53% |
| 2024-12-31 | 66.48% |
| 2023-12-31 | 67.03% |
| 2022-12-31 | 62.42% |
| 2021-12-31 | 61.82% |
| 2020-12-31 | 56.68% |
| 2019-12-31 | 62.16% |
| 2018-12-31 | 68.22% |
| 2017-12-31 | 57.70% |
| 2016-12-31 | 57.92% |
| 2015-12-31 | 59.77% |
| 2014-12-31 | 61.23% |
| 2013-12-31 | 60.98% |
| 2012-12-31 | 56.34% |
| 2011-12-31 | 52.88% |
| 2010-12-31 | 50.41% |
| 2009-12-31 | 48.59% |
| 2008-12-31 | 62.93% |
| 2007-12-31 | 64.75% |
| 2006-12-31 | 59.42% |
| 2005-12-31 | 57.79% |
| 2004-12-31 | 56.67% |
| 2003-12-31 | 71.00% |
| 2002-12-31 | 74.14% |
| 2001-12-31 | 63.01% |
| 2000-12-31 | 80.40% |
| 1999-12-31 | 67.25% |
| 1998-12-31 | 67.88% |
| 1997-12-31 | 82.00% |
| 1996-12-31 | 80.83% |
Related Metrics
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.
- Sector
- Real Estate
- Industry
- REIT - Retail
- CEO
- Stephen A. Horn Jr.