NNN
Income statement / Annual
Last year (2025), NNN REIT Inc's total revenue was $926.21 M,
an increase of 6.55% from the previous year.
In 2025, NNN REIT Inc's net income was $389.78 M.
See NNN REIT Inc,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2025
|
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
| Period Ended |
12/31/2025 |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
| Operating Revenue |
$926.21 M |
$869.27 M |
$828.11 M |
$773.05 M |
$726.41 M |
$660.68 M |
$670.49 M |
$622.66 M |
$584.93 M |
$533.65 M |
| Cost of Revenue |
$574.26 M
|
$32.32 M
|
$28.38 M
|
$26.28 M
|
$28.39 M
|
$28.36 M
|
$27.66 M
|
$25.10 M
|
$23.11 M
|
$20.85 M
|
| Gross Profit |
$351.95 M
|
$836.95 M
|
$799.73 M
|
$746.77 M
|
$698.02 M
|
$632.32 M
|
$642.83 M
|
$597.56 M
|
$561.83 M
|
$512.80 M
|
| Gross Profit Ratio |
0.38
|
0.96
|
0.97
|
0.97
|
0.96
|
0.96
|
0.96
|
0.96
|
0.96
|
0.96
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.43
|
$0.40
|
$0.35
|
$0.45
|
$0.47
|
$0.39
|
$0.40
|
| General & Administrative Expenses |
$46.92 M
|
$45.05 M
|
$47.50 M
|
$49.54 M
|
$44.84 M
|
$38.24 M
|
$37.91 M
|
$34.25 M
|
$33.81 M
|
$36.51 M
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$46.92 M
|
$45.05 M
|
$47.50 M
|
$49.54 M
|
$44.84 M
|
$38.24 M
|
$37.91 M
|
$34.25 M
|
$33.81 M
|
$36.51 M
|
| Other Expenses |
-$264.84 M
|
$214.02 M
|
$197.13 M
|
$214.70 M
|
$204.08 M
|
$219.59 M
|
$188.40 M
|
$138.55 M
|
$153.87 M
|
$140.04 M
|
| Operating Expenses |
-$217.91 M
|
$259.08 M
|
$244.63 M
|
$264.24 M
|
$248.93 M
|
$257.83 M
|
$226.31 M
|
$172.80 M
|
$187.67 M
|
$176.54 M
|
| Cost And Expenses |
$356.35 M
|
$291.39 M
|
$273.01 M
|
$290.52 M
|
$277.31 M
|
$286.19 M
|
$253.97 M
|
$197.90 M
|
$210.78 M
|
$197.40 M
|
| Interest Income |
$424.00 K
|
$2.98 M
|
$1.13 M
|
$149.00 K
|
$216.00 K
|
$417.00 K
|
$3.11 M
|
$1.81 M
|
$322.00 K
|
$170.00 K
|
| Interest Expense |
$202.27 M
|
$184.02 M
|
$163.90 M
|
$148.07 M
|
$137.87 M
|
$129.43 M
|
$120.02 M
|
$115.85 M
|
$109.11 M
|
$96.35 M
|
| Depreciation & Amortization |
$268.44 M
|
$249.68 M
|
$238.63 M
|
$223.83 M
|
$205.22 M
|
$196.62 M
|
$188.87 M
|
$174.40 M
|
$173.72 M
|
$149.10 M
|
| EBITDA |
$860.48 M |
$830.53 M |
$794.86 M |
$706.52 M |
$633.20 M |
$554.85 M |
$608.50 M |
$582.73 M |
$548.20 M |
$484.96 M |
| EBITDA Ratio |
0.93
|
0.96
|
0.96
|
0.91
|
0.87
|
0.84
|
0.91
|
0.94
|
0.94
|
0.91
|
| Operating Income Ratio |
0.62
|
0.66
|
0.67
|
0.62
|
0.62
|
0.57
|
0.62
|
0.68
|
0.58
|
0.58
|
| Total Other Income/Expenses Net |
-$180.09 M
|
-$181.04 M
|
-$162.76 M
|
-$147.92 M
|
-$158.99 M
|
-$145.69 M
|
-$116.91 M
|
-$132.28 M
|
-$145.44 M
|
-$123.93 M
|
| Income Before Tax |
$389.78 M
|
$396.84 M
|
$392.34 M
|
$334.62 M
|
$290.11 M
|
$228.80 M
|
$299.61 M
|
$292.49 M
|
$228.72 M
|
$212.32 M
|
| Income Before Tax Ratio |
0.42
|
0.46
|
0.47
|
0.43
|
0.4
|
0.35
|
0.45
|
0.47
|
0.39
|
0.4
|
| Income Tax Expense |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Net Income |
$389.78 M
|
$396.84 M
|
$392.34 M
|
$334.63 M
|
$290.11 M
|
$228.80 M
|
$299.18 M
|
$292.45 M
|
$264.97 M
|
$239.50 M
|
| Net Income Ratio |
0.42
|
0.46
|
0.47
|
0.43
|
0.4
|
0.35
|
0.45
|
0.47
|
0.45
|
0.45
|
| EPS |
2.07 |
2.16 |
2.16 |
1.89 |
1.51 |
1.22 |
1.56 |
1.65 |
1.45 |
1.39 |
| EPS Diluted |
2.07 |
2.15 |
2.16 |
1.89 |
1.51 |
1.22 |
1.56 |
1.65 |
1.45 |
1.38 |
| Weighted Average Shares Out |
$187.61 M
|
$183.69 M
|
$181.20 M
|
$174.74 M
|
$174.71 M
|
$172.11 M
|
$164.69 M
|
$155.74 M
|
$149.11 M
|
$144.18 M
|
| Weighted Average Shares Out Diluted |
$187.99 M
|
$184.04 M
|
$181.69 M
|
$174.74 M
|
$174.82 M
|
$172.22 M
|
$165.08 M
|
$156.30 M
|
$149.43 M
|
$144.66 M
|
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