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NNN Reit, Inc. income statement

In fiscal 2025, NNN Reit, Inc. reported revenue of $926m, up 6.6% on the year before, operating income of $589m (a 63.6% margin) and net income of $390m, or $2.07 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025
Revenue229222259333394435483534585623670661726773828869926
General and administrative2223293231333537343438384542444447
Operating income110129159203240266289336374425417374449483555578589
Interest expense6265768486869096109116120129138148164184204
Income before tax506585121154180198212229————————
Income tax−101−70−01000000—————
Net income557392142160191198240265292299229290335392397390
Diluted EPS$0.60$0.80$0.96$1.11$1.10$1.24$1.20$1.38$1.45$1.65$1.56$1.22$1.51$1.89$2.16$2.15$2.07
Diluted shares (average)80m83m89m109m120m125m134m145m149m156m165m172m175m177m182m184m188m
EBITDA159178218279340382423485548599605571654706794828858

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from NNN Reit, Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to NNN Reit, Inc.