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Friday 6 November 2026
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NNN REIT, Inc.
NNN REIT, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $926.2 million, up 6.55% from fiscal 2024.
- Revenue
- +8.48%
- EPS
- +13.0%
- Free cash flow
- +232.6%
- Total debt
- +2.53%
Quarter to September 2026, against a year earlier
41.35
0.28
−0.67%
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NNN REIT, Inc. (NNN) Gross margin
NNN REIT, Inc.'s gross margin over the twelve months to 30 September 2026 was 96.3%, up 0.3 percentage points from fiscal 2025 (96.0%). Over the past ten years it has ranged from 95.7% (fiscal 2020) to 96.6% (fiscal 2022); the current reading is higher than 36% of that period. That is above the Reit Retail industry median of 71.8% and above the Real Estate sector median of 62.8%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 96.0% | (0.32) |
| FY2024 | 96.3% | (0.29) |
| FY2023 | 96.6% | (0.03) |
| FY2022 | 96.6% | 0.51 |
| FY2021 | 96.1% | 0.38 |
| FY2020 | 95.7% | (0.17) |
| FY2019 | 95.9% | (0.09) |
| FY2018 | 96.0% | (0.08) |
| FY2017 | 96.1% | (0.04) |
| FY2016 | 96.1% | 0.19 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 96.7% | 0.08 |
| Jun 2026 | 96.6% | 0.70 |
| Mar 2026 | 95.9% | 0.13 |
| Dec 2025 | 95.8% | (0.24) |
| 43 more quarters | Free account |
Against its own ten years
Low 95.7%
High 96.6%
Ten-year median
96.1%
Current reading's percentile
74
Gross margin against peers
| Company | Gross margin |
|---|---|
| EPRT Essential Properties Realty Trust, Inc. compare | 99.0% |
| NNN NNN REIT, Inc. | 96.3% |
| ADC Agree Realty Corporation compare | 87.6% |
| BRX Brixmor Property Group Inc. compare | 75.3% |
| KRG Kite Realty Group Trust compare | 73.0% |
| PECO Phillips Edison & Company, Inc. compare | 71.1% |
| REG Regency Centers Corporation compare | 70.4% |
| FRT Federal Realty Investment Trust compare | 67.7% |
| MAC Macerich Company (The) compare | 0.00% |
| Reit Retail industry median | 71.8% |
| Real Estate sector median | 62.8% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on NNN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement