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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) Operating margin
NNN REIT, Inc.'s operating margin over the twelve months to 30 September 2026 was 62.9%, down 0.8 percentage points from fiscal 2025 (63.6%). Over the past ten years it has ranged from 56.7% (fiscal 2020) to 68.2% (fiscal 2018); the current reading is higher than 64% of that period. That is above the Reit Retail industry median of 36.9% and above the Real Estate sector median of 17.8%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 63.6% | (2.84) |
| FY2024 | 66.5% | (0.55) |
| FY2023 | 67.0% | 4.61 |
| FY2022 | 62.4% | 0.60 |
| FY2021 | 61.8% | 5.14 |
| FY2020 | 56.7% | (5.44) |
| FY2019 | 62.1% | (6.10) |
| FY2018 | 68.2% | 4.25 |
| FY2017 | 64.0% | 0.96 |
| FY2016 | 63.0% | 3.24 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 66.1% | 4.10 |
| Jun 2026 | 62.0% | 0.97 |
| Mar 2026 | 61.0% | (1.32) |
| Dec 2025 | 62.3% | (1.67) |
| 43 more quarters | Free account |
Against its own ten years
Low 56.7%
High 68.2%
Ten-year median
63.0%
Current reading's percentile
51
Operating margin against peers
| Company | Operating margin |
|---|---|
| NNN NNN REIT, Inc. | 62.9% |
| EPRT Essential Properties Realty Trust, Inc. compare | 60.6% |
| KRG Kite Realty Group Trust compare | 54.3% |
| ADC Agree Realty Corporation compare | 48.9% |
| FRT Federal Realty Investment Trust compare | 47.7% |
| REG Regency Centers Corporation compare | 37.1% |
| BRX Brixmor Property Group Inc. compare | 36.8% |
| PECO Phillips Edison & Company, Inc. compare | 29.5% |
| MAC Macerich Company (The) compare | 0.00% |
| Reit Retail industry median | 36.9% |
| Real Estate sector median | 17.8% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on NNN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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