NNN - NYSE

NNN REIT, Inc.

NNN·NYSE

$44.19

+0.31%

Real EstateREIT - Retail

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2020, the company owned 3,114 properties in 48 states with a gross leasable area of approximately 32.4 million square feet and with a weighted average remaining lease term of 10.7 years.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$8.41B

EPS2.0700

P/E Ratio19.08

Earnings Date08/04/2026

926.21M

Revenue

3Y+20.0%

5Y+40.0%

10Y+74.0%

389.78M

Net Income

-2%

3Y+16.0%

5Y+70.0%

10Y+63.0%

667.13M

Operating Cash Flow

3Y+15.0%

5Y+48.0%

10Y+61.0%

NNN REIT, Inc. Profit Bridge

NNN · NYSE

Revenue & Cost of Sales

Revenue926.21M

Cost of Goods Sold (574.26M)

Gross Profit351.95M

Operating Expenses

Operating Expenses (-217.91M)

Operating Income569.87M

Other Income & Taxes

Interest Expense (202.26M)

Other Income/Expense-180.09M

Pretax Income389.78M

Income Tax (0.00)

Net Income389.78M

Net Income

389.78M

Profitability Analysis

Gross Margin

38.0%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

61.5%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

42.1%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

0.0%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

NNN REIT, Inc. Income Statement

NNN • NYSE

NNN REIT, Inc. Income Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
REVENUE
Revenue	926.2M	869.3M	828.1M	773.1M	726.4M	660.7M	670.5M	622.7M	584.9M	533.6M	482.9M	434.8M	392.3M	350.8M	310.9M	267.6M	248.3M	231.4M	186.7M	158.8M
GROSS PROFIT
Cost of Revenue	(574.3M)	(32.3M)	(28.4M)	(26.3M)	(28.4M)	(28.4M)	(27.7M)	(25.1M)	(23.1M)	(20.9M)	(19.8M)	(18.9M)	(18.5M)	(17.4M)	(17M)	(13.2M)	(16.1M)	(4.9M)	(1.4M)	(0.0)
Gross Profit	352M	836.9M	799.7M	746.8M	698M	632.3M	642.8M	597.6M	561.8M	512.8M	463.1M	415.9M	375M	334.2M	286.8M	241.9M	231.3M	226.5M	181.2M	149.2M
OPERATING INCOME
Operating Expenses	-217.9M	(259.1M)	(244.6M)	(264.2M)	(248.9M)	(257.8M)	(226.3M)	(172.8M)	(187.7M)	(176.5M)	(174.5M)	(149.7M)	(135.1M)	(130.9M)	(128M)	(112.8M)	(119.3M)	(80.9M)	(64.5M)	(63.5M)
Selling, General & Administrative	(46.9M)	(45.1M)	(47.5M)	(49.5M)	(44.8M)	(38.2M)	(37.9M)	(34.2M)	(33.8M)	(36.5M)	(34.7M)	(32.5M)	(31.1M)	(31.8M)	(28.8M)	(22.8M)	(35.4M)	(35.4M)	(31.6M)	(24M)
Operating Income	569.9M	577.9M	555.1M	482.5M	449.1M	374.5M	416.8M	424.8M	337.5M	309.1M	288.7M	266.2M	239.2M	197.6M	164.4M	134.9M	120.7M	145.6M	120.9M	94.4M
PRE-TAX INCOME
Interest Expense	(202.3M)	(184M)	(163.9M)	(148.1M)	(137.9M)	(129.4M)	(120M)	(115.8M)	(109.1M)	(96.4M)	(90M)	(85.5M)	(85.3M)	(83.8M)	(74.8M)	(65.2M)	(62.2M)	(58.5M)	(49.3M)	(45.9M)
Net Interest Income	-201.8M	-181M	-162.8M	-147.9M	-137.7M	-129M	-116.9M	-114M	-108.8M	-96.2M	-89.9M	-85.2M	-84.3M	-81.6M	-73.9M	-63.7M	-60.8M	-54.7M	-44.5M	6.4M
Other Expenses	-264.8M	(214M)	(197.1M)	(214.7M)	(204.1M)	(219.6M)	(188.4M)	(138.6M)	(153.9M)	(140M)	(139.7M)	(117.2M)	(104M)	(99.1M)	(99.2M)	(90M)	(83.8M)	(45.5M)	(32.9M)	(39.5M)
Total Other Income Expenses Net	-180.1M	-181M	-162.8M	-147.9M	-159M	-145.7M	-116.9M	-132.3M	-145.4M	-123.9M	-90.8M	-86.5M	-85.8M	-92.5M	-73.9M	-74.5M	-52.1M	-56.3M	-40.3M	-33.3M
Income Before Tax	389.8M	396.8M	392.3M	334.6M	290.1M	228.8M	299.6M	292.5M	228.7M	212.3M	197.8M	179.7M	155.5M	117.3M	91.4M	71.2M	59.9M	90.1M	76.4M	52.3M
NET INCOME
Income Tax Expense	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(10.3M)	-75K	(74K)	-6.9M	(899K)	(475K)	-1M	-7.5M	-8.5M	-11.2M
Net Income	389.8M	396.8M	392.3M	334.6M	290.1M	228.8M	299.2M	292.4M	265M	239.5M	197.8M	190.6M	160.1M	142M	92.3M	73M	54.8M	123.1M	157.1M	182.5M

SEC Filings

NNN - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 12, 2026	May 12, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	April 30, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 30, 2026	April 30, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	March 23, 2026	May 12, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 19, 2026	February 18, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 11, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 11, 2026	February 11, 2026	2026	View Filing
8-K 8-K 2025 N/A	December 17, 2025	December 17, 2025	2025	View Filing
10-Q 10-Q 2025 Q3 Q3	November 04, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 04, 2025	November 04, 2025	2025	View Filing

Showing 1 to 10 of 448 filings

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