NNN · Nnn REIT, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | $230.16M | $226.80M | $230.85M | - | $218.56M | $216.81M | $215.41M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | $11.06M | $11.22M | $13.01M | - | $11.21M | $11.79M | $12.58M | - |
| Total Operating Expenses | - | - | $95.45M | $93.20M | $90.81M | - | $82.78M | $82.17M | $81.91M | - |
| D&A | - | - | $67.25M | $68.35M | $64.62M | - | $63.37M | $62.50M | $60.62M | - |
| Operating Income | - | - | $147.28M | $149.80M | $143.85M | - | $143.55M | $152.27M | $138.32M | - |
| Interest Expense | - | - | $53.38M | $49.28M | $47.72M | - | $46.49M | $46.58M | $44.07M | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | - | - | $96.84M | $100.53M | $96.46M | - | $97.90M | $106.67M | $94.37M | - |
| EPS - Basic | - | - | $0.51 | $0.54 | $0.52 | - | $0.53 | $0.58 | $0.52 | - |
| EPS - Diluted | - | - | $0.51 | $0.54 | $0.51 | - | $0.53 | $0.58 | $0.52 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | - | $5.05M | $157.92M | $5.97M | $5.10M | $8.73M | $173.53M | $2.13M | $1.13M | $1.19M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | - | $9.38B | $9.48B | $9.15B | $9.02B | $8.87B | $8.92B | $8.73B | $8.71B | $8.66B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $200.00M | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | $4.97B | $5.06B | $4.79B | $4.67B | $4.51B | $4.55B | $4.53B | $4.53B | $4.50B |
| Stockholders' Equity | - | $4.41B | $4.42B | $4.36B | $4.36B | $4.36B | $4.37B | $4.19B | $4.17B | $4.16B |
| Retained Earnings | - | ($882.71M) | ($865.17M) | ($849.20M) | ($841.16M) | ($829.29M) | ($818.86M) | ($810.69M) | ($814.20M) | ($805.88M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | - | $203.28M | - | - | - | $190.72M | - |
| Investing Cash Flow | - | - | - | - | ($215.30M) | - | - | - | ($97.73M) | - |
| Financing Cash Flow | - | - | - | - | $8.48M | - | - | - | ($97.01M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | 64.0% | 66.0% | 62.3% | - | 65.7% | 70.2% | 64.2% | - |
| EBITDA margin | - | - | 93.2% | 96.2% | 90.3% | - | 94.7% | 99.1% | 92.4% | - |
| Net margin | - | - | 42.1% | 44.3% | 41.8% | - | 44.8% | 49.2% | 43.8% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | 4.8% | 4.9% | 5.6% | - | 5.1% | 5.4% | 5.8% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | - | - | 1.0% | 1.1% | 1.1% | - | 1.1% | 1.2% | 1.1% | - |
| Return on equity | - | - | 2.2% | 2.3% | 2.2% | - | 2.2% | 2.5% | 2.3% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | 2.8x | 3.0x | 3.0x | - | 3.1x | 3.3x | 3.1x | - |
| Equity multiplier | - | 2.13 | 2.14 | 2.10 | 2.07 | 2.03 | 2.04 | 2.08 | 2.09 | 2.08 |
| Liabilities / Assets | - | 0.53 | 0.53 | 0.52 | 0.52 | 0.51 | 0.51 | 0.52 | 0.52 | 0.52 |
| Efficiency | ||||||||||
| Asset turnover | - | - | 0.02 | 0.02 | 0.03 | - | 0.02 | 0.02 | 0.02 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 83.5x | 80.0x | 83.6x | - | 91.5x | 73.4x | 82.2x | - |
| P / B | - | - | 1.8x | 1.9x | 1.8x | - | 2.0x | 1.9x | 1.9x | - |
| P / S | - | - | 34.8x | 35.6x | 34.6x | - | 40.9x | 35.9x | 36.2x | - |
| EV / EBITDA | - | - | 36.6x | 37.0x | 38.2x | - | 42.4x | 36.3x | 39.1x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | 5.3% | 4.6% | 7.2% | - | 6.5% | 7.0% | 5.5% | - |
| Revenue CAGR (3y) | - | - | 6.0% | 5.9% | 6.7% | - | 6.6% | 6.6% | 6.2% | - |
| Revenue CAGR (5y) | - | - | 7.7% | 6.7% | 5.7% | - | 5.3% | 5.6% | 5.6% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | 2.6% | -1.6% | 4.0% | - | -2.8% | 9.8% | 7.2% | - |
| Net income growth (YoY) | - | - | -1.1% | -5.8% | 2.2% | - | -8.3% | 8.1% | 4.7% | - |
| EPS growth (YoY) | - | - | -3.8% | -6.9% | -1.9% | - | -10.2% | 7.4% | 4.0% | - |
| EPS CAGR (3y) | - | - | 0.7% | 8.7% | 3.5% | - | 5.6% | 14.1% | 20.1% | - |
| EPS CAGR (5y) | - | - | 11.2% | 17.6% | 7.8% | - | 8.7% | 6.2% | 3.4% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | 1.1% | 1.2% | 4.0% | 4.4% | 4.9% | 5.1% | 1.1% | 1.0% | 0.8% |
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing NNN REIT against the 5 most active filers in the same SIC group.
Dividends
$2.40/share trailing 12 months · +3.4% YoY
| Ex-date | Per share |
|---|---|
| Apr 30, 2026 | $0.6000 |
| Jan 30, 2026 | $0.6000 |
| Oct 31, 2025 | $0.6000 |
| Jul 31, 2025 | $0.6000 |
| Apr 30, 2025 | $0.5800 |
| Jan 31, 2025 | $0.5800 |
| Oct 31, 2024 | $0.5800 |
| Jul 31, 2024 | $0.5800 |
| Apr 29, 2024 | $0.5650 |
| Jan 30, 2024 | $0.5650 |
| Oct 30, 2023 | $0.5650 |
| Jul 28, 2023 | $0.5650 |
| Apr 27, 2023 | $0.5500 |
| Jan 30, 2023 | $0.5500 |
| Oct 28, 2022 | $0.5500 |
| Jul 28, 2022 | $0.5500 |
| Apr 28, 2022 | $0.5300 |
| Jan 28, 2022 | $0.5300 |
| Oct 28, 2021 | $0.5300 |
| Jul 29, 2021 | $0.5300 |
| Apr 29, 2021 | $0.5200 |
| Jan 28, 2021 | $0.5200 |
| Oct 29, 2020 | $0.5200 |
| Jul 30, 2020 | $0.5200 |