FY2025 · ended Dec 31, 2025 · Revenue $926.21M, +6.6% YoY · Filed Feb 11, 2026
NNN REIT, Inc. (NNN) files with the SEC under industry code 6798, Real Estate Investment Trusts. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $926.2 million and net income of $389.8 million.
Revenue (TTM)
$972.76M
+7.3% vs year-ago TTM
Net income (TTM)
$397.75M
+1.5% vs year-ago TTM
Operating cash flow (TTM)
$674.84M
+2.5% vs year-ago TTM
Free cash flow
—
EPS (TTM)
$2.10
+0.2% vs year-ago TTM
Dividend per share (TTM)
$2.42
+3.4% vs year-ago TTM
Shares outstanding
189.94M
+1.3% vs prior year
Net cash
—
Operating margin
62.9%
FY 2026
Company profile
- Industry
- Real Estate Investment Trusts (SIC 6798)
- Listed as
- NNN (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- MD
- Headquarters
- Orlando, FL
- SEC filer status
- Large accelerated filer
- SEC CIK
- 751364
- Former names
- NATIONAL RETAIL PROPERTIES, INC. (until Apr 27, 2023); COMMERCIAL NET LEASE REALTY INC (until May 1, 2006)
Other Real Estate Investment Trusts companies
- Welltower Inc. WELL
- Prologis, Inc. PLD
- Equinix Inc EQIX
- American Tower Corp /MA/ AMT
- Simon Property Group Inc. SPG
- Digital Realty Trust, Inc. DLR
- Public Storage PSA
- Realty Income Corp O
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $926.2M | $869.3M | $828.1M | $773.1M | $726.4M |
| Operating income | $589.5M | $577.9M | $555.1M | $482.5M | $449.1M |
| Net income | $389.8M | $396.8M | $392.3M | $334.6M | $290.1M |
| Diluted EPS | $2.07 | $2.15 | $2.16 | $1.89 | $1.51 |
| Operating cash flow | $667.1M | $635.5M | $612.4M | $578.4M | $568.4M |
| Total assets | $9.4B | $8.9B | $8.7B | $8.1B | $7.8B |
| Total liabilities | $5.0B | $4.5B | $4.5B | $4.0B | $3.8B |
| Stockholders' equity | $4.4B | $4.4B | $4.2B | $4.1B | $3.9B |
| Cash and investments | $5.0M | $8.7M | $1.2M | $2.5M | $171.3M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Nov 4, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Nov 4, 2026 | Nov 4, 2026 |
| 8-K |
Current report
Officer or director change, Regulation FD disclosure
|
Aug 17, 2026 | Aug 13, 2026 |
| 8-K |
Current report
Other events
|
Aug 7, 2026 | Aug 6, 2026 |
| 10-Q | Quarterly report | Aug 5, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 5, 2026 | Aug 5, 2026 |
All 1009 NNN REIT, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.