NNN REIT financials
$41.34−0.14%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $242.7M | $240.0M | $237.5M | $229.8M | $226.5M | $230.6M | $218.3M | $218.2M | $216.1M | $214.8M | $215.2M | $204.9M |
| Gross profit | $234.4M | $230.2M | $227.5M | $220.6M | $217.7M | $221.2M | $207.2M | $210.9M | $209.4M | $207.7M | $206.9M | $198.4M |
| Gross margin | 96.6% | 95.9% | 95.8% | 96.0% | 96.1% | 95.9% | 94.9% | 96.7% | 96.9% | 96.7% | 96.2% | 96.8% |
| Operating income | $140.7M | $134.1M | $132.1M | $134.3M | $133.3M | $139.8M | $131.5M | $135.4M | $134.0M | $132.9M | $131.7M | $127.4M |
| Net income | $97.9M | $94.0M | $96.0M | $96.8M | $100.5M | $96.5M | $97.9M | $97.9M | $106.7M | $94.4M | $96.7M | $106.8M |
| Net margin | 40.4% | 39.1% | 40.4% | 42.1% | 44.4% | 41.8% | 44.8% | 44.9% | 49.4% | 43.9% | 44.9% | 52.1% |
| Diluted EPS | $0.52 | $0.50 | $0.51 | $0.51 | $0.54 | $0.51 | $0.52 | $0.53 | $0.58 | $0.52 | $0.53 | $0.59 |
| EBITDA | $219.8M | $215.5M | $215.6M | $208.8M | $206.2M | $205.9M | $198.4M | $199.5M | $196.8M | $195.4M | $134.0M | $188.5M |
| Operating cash flow | $141.5M | $187.0M | $126.2M | $218.3M | $119.4M | $203.3M | $117.7M | $206.6M | $120.5M | $190.7M | $121.2M | $191.6M |
| Free cash flow | $141.5M | $187.0M | $126.2M | $218.3M | $119.4M | $203.3M | $117.7M | $206.6M | $120.5M | $190.7M | $121.2M | $191.6M |
| Diluted shares | 189.6M | 189.5M | 189.5M | 188.3M | 187.1M | 187.1M | 186.6M | 184.6M | 182.8M | 182.2M | 182.0M | 181.7M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $4.2M | $4.6M | $5.0M | $157.9M | $6.0M | $5.1M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $5.00B | $4.85B | $4.82B | $4.95B | $4.68B | $4.57B |
| Total assets | $9.61B | $9.42B | $9.38B | $9.48B | $9.15B | $9.02B |
| Total liabilities | $5.15B | $5.03B | $4.97B | $5.06B | $4.79B | $4.67B |
| Shareholders' equity | $4.46B | $4.40B | $4.41B | $4.42B | $4.36B | $4.36B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology