NNN REIT, Inc. (NNN)
NYSE: NNN · Real-Time Price · USD
44.89
-0.23 (-0.51%)
Mar 9, 2026, 1:34 PM EDT - Market open

NNN REIT Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 2020 - 2016
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 2020 - 2016
Rental Revenue
924.38867.47826.09771.62723.86
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Total Revenue
926.21869.27828.11773.05726.41
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Revenue Growth (YoY
6.55%4.97%7.12%6.42%9.95%
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Property Expenses
37.3832.3228.3826.2828.39
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Selling, General & Administrative
46.9244.2943.7541.744.64
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Depreciation & Amortization
268.44249.68238.63223.83205.22
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Other Operating Expenses
0.490.10.30.320.2
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Total Operating Expenses
353.23326.38311.05292.13278.45
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Operating Income
572.98542.88517.06480.92447.96
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Interest Expense
-203.96-184.02-163.9-148.07-137.87
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Interest & Investment Income
4.252.981.130.150.22
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EBT Excluding Unusual Items
373.28361.85354.3333.01310.3
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Gain (Loss) on Sale of Assets
48.2242.2947.4917.4423.09
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Asset Writedown
-28.6-6.63-5.99-8.31-21.96
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Other Unusual Items
-----21.33
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Pretax Income
389.78396.84392.34334.62290.11
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Earnings From Continuing Operations
389.78396.84392.34334.62290.11
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Minority Interest in Earnings
---0.010
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Net Income
389.78396.84392.34334.63290.11
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Preferred Dividends & Other Adjustments
0.730.690.610.5126.59
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Net Income to Common
389.05396.15391.73334.11263.53
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Net Income Growth
-1.78%1.15%17.25%15.34%26.80%
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Basic Shares Outstanding
188184181176175
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Diluted Shares Outstanding
188184182177175
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Shares Change (YoY)
2.14%1.30%2.61%1.29%1.51%
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EPS (Basic)
2.072.162.161.891.51
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EPS (Diluted)
2.072.152.161.891.51
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EPS Growth
-3.72%-0.46%14.29%25.30%23.64%
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Dividend Per Share
2.3602.2902.2302.1602.100
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Dividend Growth
3.06%2.69%3.24%2.86%1.45%
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Operating Margin
61.86%62.45%62.44%62.21%61.67%
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Profit Margin
42.00%45.57%47.30%43.22%36.28%
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EBITDA
837.57792.07755.26704.25652.47
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EBITDA Margin
90.43%91.12%91.20%91.10%89.82%
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D&A For Ebitda
264.58249.19238.2223.32204.51
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EBIT
572.98542.88517.06480.92447.96
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EBIT Margin
61.86%62.45%62.44%62.21%61.67%
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Funds From Operations (FFO)
638.38610.5---
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FFO Per Share
3.403.32---
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Adjusted Funds From Operations (AFFO)
647.58616.61---
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AFFO Per Share
3.443.35---
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FFO Payout Ratio
69.43%68.84%---
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Revenue as Reported
926.21869.27828.11773.05726.41
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Source: S&P Capital IQ. Real Estate template. Financial Sources.