Basis: Trailing twelve months (TTM net income over TTM revenue). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the net profit margin high or low?
The net profit margin of 40.35% is in line with its 5-year average of 43.45%, near the low end of its 5-year range (38.88%–52.06%).
1.97% below its 12-month average of 41.16%.
Reported quarterly profit margin; no daily interpolation.
NET PROFIT MARGIN
40.35%
NET PROFIT MARGIN AVG TTM
41.16%
NET PROFIT MARGIN AVG 3Y
43.64%
NET PROFIT MARGIN AVG 5Y
43.45%
NET PROFIT MARGIN AVG 10Y
43.29%
NET PROFIT MARGIN AVG 15Y
42.78%
NET PROFIT MARGIN AVG 20Y
41.89%
CURRENT VS TTM AVG
-1.97%
CURRENT VS 3Y AVG
-7.53%
CURRENT VS 5Y AVG
-7.14%
CURRENT VS 10Y AVG
-6.80%
CURRENT VS 15Y AVG
-5.67%
CURRENT VS 20Y AVG
-3.67%
SECTOR MEDIAN · REAL ESTATE
22.25%
median of 41 covered companies
CURRENT VS SECTOR MEDIAN
+81.35%
vs the sector median at left
NNN REIT, Inc.
Market Cap
$8.40B
Net Profit Margin
40.35%
TTM Avg
41.16%
3Y Avg
43.64%
5Y Avg
43.45%
Market Cap
$8.08B
Net Profit Margin
47.96%
TTM Avg
38.47%
3Y Avg
47.05%
5Y Avg
48.36%
Market Cap
$8.72B
Net Profit Margin
28.87%
TTM Avg
29.55%
3Y Avg
31.55%
5Y Avg
33.16%
Market Cap
$8.77B
Net Profit Margin
-30.57%
TTM Avg
-18.78%
3Y Avg
-3.42%
5Y Avg
9.03%
Market Cap
$6.93B
Net Profit Margin
77.27%
TTM Avg
66.41%
3Y Avg
62.83%
5Y Avg
55.56%
Market Cap
$9.95B
Net Profit Margin
32.66%
TTM Avg
28.35%
3Y Avg
28.38%
5Y Avg
26.13%
Market Cap
$10.47B
Net Profit Margin
20.74%
TTM Avg
17.50%
3Y Avg
26.77%
5Y Avg
24.26%
| NAME | MARKET CAP | NET PROFIT MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NNN REIT, Inc. (NNN) | $8.40B | 40.35% | 41.16% | 43.64% | 43.45% |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.08B | 47.96% | 38.47% | 47.05% | 48.36% |
| Agree Realty Corporation (ADC)vs › | $8.72B | 28.87% | 29.55% | 31.55% | 33.16% |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $8.77B | -30.57% | -18.78% | -3.42% | 9.03% |
| CubeSmart (CUBE)vs › | $8.81B | 29.41% | 33.20% | 33.59% | 30.99% |
| Terreno Realty Corporation (TRNO)vs › | $6.93B | 77.27% | 66.41% | 62.83% | 55.56% |
| Federal Realty Investment Trust (FRT)vs › | $9.95B | 32.66% | 28.35% | 28.38% | 26.13% |
| BXP, Inc. (BXP)vs › | $10.25B | 8.44% | 4.19% | 10.37% | 15.09% |
| Camden Property Trust (CPT)vs › | $10.47B | 20.74% | 17.50% | 26.77% | 24.26% |
| UDR, Inc. (UDR)vs › | $11.37B | 30.43% | 13.71% | 15.11% | 12.88% |
Operating Margin
62.0%
Net Profit Margin
40.4%
Net Profit Margin = Net Income / Revenue
Net profit margin is the percentage of revenue that becomes net income after all expenses, taxes, and interest.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | NET PROFIT MARGIN |
|---|---|
| 2026-06-30 | 40.09% |
| 2026-03-31 | 39.08% |
| 2025-12-31 | 40.25% |
| 2025-09-30 | 42.07% |
| 2025-06-30 | 44.32% |
| 2025-03-31 | 41.78% |
| 2024-12-31 | 44.81% |
| 2024-09-30 | 44.79% |
| 2024-06-30 | 49.20% |
| 2024-03-31 | 43.81% |
| 2023-12-31 | 44.71% |
| 2023-09-30 | 52.06% |
| 2023-06-30 | 48.71% |
| 2023-03-31 | 44.18% |
| 2022-12-31 | 45.67% |
| 2022-09-30 | 45.70% |
| 2022-06-30 | 38.88% |
| 2022-03-31 | 42.76% |
| 2021-12-31 | 41.42% |
| 2021-09-30 | 45.98% |
| 2021-06-30 | 40.79% |
| 2021-03-31 | 31.48% |
| 2020-12-31 | 37.53% |
| 2020-09-30 | 35.35% |
| 2020-06-30 | 28.26% |
| 2020-03-31 | 37.23% |
| 2019-12-31 | 42.56% |
| 2019-09-30 | 39.56% |
| 2019-06-30 | 47.74% |
| 2019-03-31 | 48.88% |
| 2018-12-31 | 23.00% |
| 2018-09-30 | 52.81% |
| 2018-06-30 | 45.38% |
| 2018-03-31 | 67.58% |
| 2017-12-31 | 48.03% |
| 2017-09-30 | 41.38% |
| 2017-06-30 | 39.87% |
| 2017-03-31 | 52.08% |
| 2016-12-31 | 46.81% |
| 2016-09-30 | 37.75% |
| 2016-06-30 | 39.67% |
| 2016-03-31 | 55.66% |
| 2015-12-31 | 33.61% |
| 2015-09-30 | 44.82% |
| 2015-06-30 | 39.41% |
| 2015-03-31 | 46.46% |
| 2014-12-31 | 46.62% |
| 2014-09-30 | 43.64% |
| 2014-06-30 | 43.15% |
| 2014-03-31 | 41.64% |
| 2013-12-31 | 42.68% |
| 2013-09-30 | 44.08% |
| 2013-06-30 | 39.00% |
| 2013-03-31 | 36.80% |
| 2012-12-31 | 45.74% |
| 2012-09-30 | 44.72% |
| 2012-06-30 | 37.01% |
| 2012-03-31 | 33.19% |
| 2011-12-31 | 32.12% |
| 2011-09-30 | 28.34% |
| 2011-06-30 | 28.42% |
| 2011-03-31 | 29.41% |
| 2010-12-31 | 19.52% |
| 2010-09-30 | 32.19% |
| 2010-06-30 | 32.21% |
| 2010-03-31 | 25.91% |
| 2009-12-31 | -31.60% |
| 2009-09-30 | 34.86% |
| 2009-06-30 | 30.83% |
| 2009-03-31 | 46.24% |
| 2008-12-31 | 46.62% |
| 2008-09-30 | 49.11% |
| 2008-06-30 | 51.32% |
| 2008-03-31 | 58.40% |
| 2007-12-31 | 65.43% |
| 2007-09-30 | 99.17% |
| 2007-06-30 | 104.81% |
| 2007-03-31 | 62.52% |
| 2006-12-31 | 141.61% |
| 2006-09-30 | 56.35% |
| 2006-06-30 | 210.32% |
| 2006-03-31 | 53.94% |
| 2005-12-31 | 44.42% |
| 2005-09-30 | 47.24% |
| 2005-06-30 | 78.87% |
| 2005-03-31 | 78.61% |
| 2004-12-31 | 58.42% |
| 2004-09-30 | 50.85% |
| 2004-06-30 | 38.29% |
| 2004-03-31 | 45.33% |
| 2003-12-31 | 54.42% |
| 2003-09-30 | 56.93% |
| 2003-06-30 | 51.23% |
| 2003-03-31 | 43.07% |
| 2002-12-31 | 57.92% |
| 2002-09-30 | 35.59% |
