NNN REIT, Inc. (NNN) stock
NNNNYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 13/3010% below fair value
$41.18+0.25 (+0.61%)
Close on Nov 13, 2026Market cap $7.90BP/E 19.6Yield 5.73%
Nnn Reit operating margin
Operating margin is operating income as a percentage of revenue.
Nnn Reit's operating margin for the twelve months ending Sep 30, 2026 was 62.9%. For fiscal 2025 it was 63.6%, against 66.5% the year before. The highest annual figure on record is 68.2% in fiscal 2018.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 63.6% | −2.8 |
| FY2024 | Dec 31, 2024 | 66.5% | −0.6 |
| FY2023 | Dec 31, 2023 | 67.0% | +4.6 |
| FY2022 | Dec 31, 2022 | 62.4% | +0.6 |
| FY2021 | Dec 31, 2021 | 61.8% | +5.1 |
| FY2020 | Dec 31, 2020 | 56.7% | −5.4 |
| FY2019 | Dec 31, 2019 | 62.1% | −6.1 |
| FY2018 | Dec 31, 2018 | 68.2% | +4.3 |
| FY2017 | Dec 31, 2017 | 64.0% | +1.0 |
| FY2016 | Dec 31, 2016 | 63.0% | +3.2 |
| FY2015 | Dec 31, 2015 | 59.8% | −1.4 |
| FY2014 | Dec 31, 2014 | 61.2% | +0.3 |
| FY2013 | Dec 31, 2013 | 61.0% | −0.2 |
| FY2012 | Dec 31, 2012 | 61.1% | −0.3 |
| FY2011 | Dec 31, 2011 | 61.4% | +3.3 |
| FY2010 | Dec 31, 2010 | 58.1% | +9.9 |
| FY2009 | Dec 31, 2009 | 48.2% | −16.2 |
| FY2008 | Dec 31, 2008 | 64.5% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 66.1% | +2.1 |
| Q2 FY2026 | Jun 30, 2026 | 62.0% | −4.1 |
| Q1 FY2026 | Mar 31, 2026 | 61.0% | −1.3 |
| Q4 FY2025 | Dec 31, 2025 | 62.3% | −3.5 |
| Q3 FY2025 | Sep 30, 2025 | 64.0% | −1.7 |
| Q2 FY2025 | Jun 30, 2025 | 66.0% | −4.2 |
| Q1 FY2025 | Mar 31, 2025 | 62.3% | −1.9 |
| Q4 FY2024 | Dec 31, 2024 | 65.8% | +1.2 |
| Q3 FY2024 | Sep 30, 2024 | 65.7% | −6.3 |
| Q2 FY2024 | Jun 30, 2024 | 70.2% | +1.8 |
| Q1 FY2024 | Mar 31, 2024 | 64.2% | +1.0 |
| Q4 FY2023 | Dec 31, 2023 | 64.6% | −0.0 |
| Q3 FY2023 | Sep 30, 2023 | 72.0% | +7.2 |
| Q2 FY2023 | Jun 30, 2023 | 68.5% | +10.4 |
| Q1 FY2023 | Mar 31, 2023 | 63.2% | +1.2 |
| Q4 FY2022 | Dec 31, 2022 | 64.6% | +3.6 |
| Q3 FY2022 | Sep 30, 2022 | 64.8% | +0.3 |
| Q2 FY2022 | Jun 30, 2022 | 58.1% | −1.2 |
| Q1 FY2022 | Mar 31, 2022 | 62.0% | −0.5 |
| Q4 FY2021 | Dec 31, 2021 | 61.0% | +3.8 |
| Q3 FY2021 | Sep 30, 2021 | 64.5% | +9.1 |
| Q2 FY2021 | Jun 30, 2021 | 59.3% | +11.7 |
| Q1 FY2021 | Mar 31, 2021 | 62.5% | −3.4 |
| Q4 FY2020 | Dec 31, 2020 | 57.1% | −2.7 |
| Q3 FY2020 | Sep 30, 2020 | 55.4% | −1.6 |
| Q2 FY2020 | Jun 30, 2020 | 47.6% | −18.2 |
| Q1 FY2020 | Mar 31, 2020 | 65.9% | −0.1 |
| Q4 FY2019 | Dec 31, 2019 | 59.9% | +4.9 |
| Q3 FY2019 | Sep 30, 2019 | 57.0% | −13.1 |
| Q2 FY2019 | Jun 30, 2019 | 65.8% | +3.0 |
| Q1 FY2019 | Mar 31, 2019 | 66.0% | −18.9 |
| Q4 FY2018 | Dec 31, 2018 | 54.9% | −24.9 |
| Q3 FY2018 | Sep 30, 2018 | 70.1% | +11.9 |
| Q2 FY2018 | Jun 30, 2018 | 62.8% | +6.0 |
| Q1 FY2018 | Mar 31, 2018 | 85.0% | +24.6 |
| Q4 FY2017 | Dec 31, 2017 | 79.8% | −0.2 |
| Q3 FY2017 | Sep 30, 2017 | 58.3% | – |
| Q2 FY2017 | Jun 30, 2017 | 56.7% | – |
| Q1 FY2017 | Mar 31, 2017 | 60.4% | – |
| Q4 FY2016 | Dec 31, 2016 | 80.1% | – |
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