NNN Reit, Inc. (NNN) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, NNN Reit reported revenue of $926.2M, up 6.6% from $869.3M the year before. Net income was $389.8M (a 42.1% net margin), or $2.07 per diluted share. Operating margin was 63.6%. Operating activities generated $667.1M of cash. At fiscal year end, NNN Reit held $9.38B in total assets against $4.97B in total liabilities, including $5.0M of cash and equivalents.
Open the full interactive NNN Reit financials → Quarterly statements, key ratios, valuation history and price charts.
NNN Reit Key Stats
| Share Price | $40.50 |
|---|---|
| Market Cap | $7.68B |
| P/E Ratio | 19.6 |
| Revenue YoY Growth | +6.6% |
| 52-Week Range | $37.47 – $48.95 |
| Shares Outstanding | 189.1 million (basic, 2026 Q2) |
NNN Reit Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $660.7M | $726.4M | $773.1M | $828.1M | $869.3M | $926.2M |
| Operating Income | $374.5M | $449.1M | $482.5M | $555.1M | $577.9M | $589.5M |
| Pre-Tax Income | $228.8M | $290.1M | $334.6M | $392.3M | $396.8M | $389.8M |
| Income Tax | $0 | — | — | — | — | — |
| Net Income | $228.8M | $290.1M | $334.6M | $392.3M | $396.8M | $389.8M |
| Diluted EPS | $1.22 | $1.51 | $1.89 | $2.16 | $2.15 | $2.07 |
NNN Reit Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $230.2M | $238.4M | $240.4M | $244.3M |
| Net Income | $96.8M | $96.0M | $94.0M | $97.9M |
| Diluted EPS | $0.51 | $0.51 | $0.50 | $0.52 |
NNN Reit Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $267.2M | $171.3M | $2.5M | $1.2M | $8.7M | $5.0M |
| Total Assets | $7.64B | $7.75B | $8.15B | $8.66B | $8.87B | $9.38B |
| Total Long-Term Debt | $3.21B | $3.74B | $3.74B | $4.23B | $4.37B | $4.47B |
| Total Liabilities | $3.32B | $3.85B | $4.02B | $4.50B | $4.51B | $4.97B |
| Shareholders' Equity | $4.32B | $3.90B | $4.12B | $4.16B | $4.36B | $4.41B |
NNN Reit Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $450.2M | $568.4M | $578.4M | $612.4M | $635.5M | $667.1M |
| Cash From Investing | -$142.8M | -$432.2M | -$777.6M | -$680.7M | -$424.3M | -$748.1M |
| Cash From Financing | -$41.3M | -$232.2M | $34.7M | $66.6M | -$207.3M | $77.7M |
Figures from NNN Reit's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full NNN Reit financials page for every line item.
NNN Reit Company Profile
| Ticker | NNN |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Orlando, Florida |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000751364 |
Frequently Asked Questions
What was NNN Reit's revenue in fiscal 2025?
NNN Reit (NNN) reported revenue of $926.2M for fiscal 2025.
What is NNN Reit's annual revenue history?
NNN Reit's annual revenue by fiscal year: 2020: $660.7M; 2021: $726.4M; 2022: $773.1M; 2023: $828.1M; 2024: $869.3M; 2025: $926.2M.
What was NNN Reit's net income in fiscal 2025?
NNN Reit reported net income of $389.8M for fiscal 2025.
What was NNN Reit's earnings per share (EPS) in fiscal 2025?
NNN Reit's diluted EPS was $2.07 for fiscal 2025 (adjusted for any later stock splits).
What was NNN Reit's revenue last quarter?
In its most recent reported quarter (2026 Q2), NNN Reit reported revenue of $244.3M.
How much debt does NNN Reit have?
NNN Reit reported $4.47B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of NNN Reit are outstanding?
NNN Reit reported a weighted average of 189.1 million basic shares outstanding in 2026 Q2.
What is NNN Reit's market cap?
Based on its latest closing price, NNN Reit (NNN) has a market capitalization of about $7.68B.
When does NNN Reit's fiscal year end?
NNN Reit's fiscal year end, as registered with the SEC, is December 31.
Where is NNN Reit headquartered?
NNN Reit lists its business address in Orlando, Florida in its SEC filings.