NNN REIT, Inc. (NNN) — Financial statements
Income statement, balance sheet, and cash flow for NNN REIT, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 926↑6.6% | 869↑5.0% | 828↑7.1% | 773↑6.4% | 726 | |
| Cost of Revenue | 574↑1677.0% | 32↑13.9% | 28↑8.0% | 26↓7.4% | 28 | |
| Gross Profit | 352↓57.9% | 837↑4.7% | 800↑7.1% | 747↑7.0% | 698 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00↓100.0% | 0.00↑10.3% | 0.00 | |
| General & Administrative Expenses | 47↑4.1% | 45↓5.1% | 47↓4.1% | 50↑10.5% | 45 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 47↑4.1% | 45↓5.1% | 47↓4.1% | 50↑10.5% | 45 | |
| Other Expenses | -265↓223.7% | 214↑8.6% | 197↓8.2% | 215↑5.2% | 204 | |
| Operating Expenses | -218↓184.1% | 259↑5.9% | 245↓7.4% | 264↑6.2% | 249 | |
| Total Costs & Expenses | 356↑22.3% | 291↑6.7% | 273↓6.0% | 291↑4.8% | 277 | |
| Operating Results | ||||||
| Operating Income | 570↓1.4% | 578↑4.1% | 555↑15.0% | 483↑7.4% | 449 | |
| Depreciation & Amortization | 268↑7.5% | 250↑4.6% | 239↑6.6% | 224↑9.1% | 205 | |
| EBITDA | 860↑3.6% | 831↑4.5% | 795↑12.5% | 707↑11.6% | 633 | |
| EBIT | 592↑1.9% | 581↑4.4% | 556↑15.2% | 483↑12.8% | 428 | |
| Interest & Other Income | ||||||
| Net Interest Income | -202↓11.5% | -181↓11.2% | -163↓10.0% | -148↓7.5% | -138 | |
| Interest Income | 0.42↓85.8% | 3↑162.8% | 1↑661.1% | 0.15↓31.0% | 0.22 | |
| Interest Expense | 202↑9.9% | 184↑12.3% | 164↑10.7% | 148↑7.4% | 138 | |
| Non-Operating Income | -22↓644.1% | -3↓162.8% | -1↓661.1% | -0.15↓100.7% | 21 | |
| Other Income / Expenses | -180↑0.5% | -181↓11.2% | -163↓10.0% | -148↑7.0% | -159 | |
| Income Before Tax | 390↓1.8% | 397↑1.1% | 392↑17.2% | 335↑15.3% | 290 | |
| Income Tax Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 390↓1.8% | 397↑1.1% | 392↑17.2% | 335↑15.3% | 290 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 390↓1.8% | 397↑1.1% | 392↑17.2% | 335↑15.3% | 290 | |
| Bottom-Line Net Income | 390↓1.6% | 396↑1.1% | 392↑17.2% | 334↑26.8% | 264 | |
| EPS (Basic) | 2.07↓4.2% | 2.16↑0.0% | 2.16↑14.3% | 1.89↑25.2% | 1.51 | |
| EPS (Diluted) | 2.07↓3.7% | 2.15↓0.5% | 2.16↑14.3% | 1.89↑25.2% | 1.51 | |
| Weighted Average Shares | 188↑2.1% | 184↑1.4% | 181↑3.7% | 175↑0.0% | 175 | |
| Weighted Average Diluted Shares | 188↑2.1% | 184↑1.3% | 182↑4.0% | 175↓0.0% | 175 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.