Company / Operating Income
NNN Reit Operating Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
$589.5M
FY2025
5-year range
$374.5M / $589.5M
FY2021-FY2025
Trend
+2.0%
vs FY2024
Sector context
#22 of 71
Real Estate
What the data says
At $589M, NNN Reit's operating income ranks #22 of 71 in the Real Estate sector. Operating Income has increased for 3 consecutive years, from $374M in FY2022 to $589M in FY2025.
Based on SEC 10-K filings.
$589M in FY2025 with a 5-year CAGR of +6.8%.
Improved from $449M to $589M over the past 2 years.
Real Estate sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- +16.3%
- 5-Year CAGR
- +6.8%
- 10-Year CAGR
- -
Sector benchmark
#22 of 71 in Real EstateTop 31% of 71This company $589.5M Sector average $492.4M
▼
+19.7% above sector average
Key checks
Key Insights
- NNN Reit's operating income has grown for 3 consecutive years.
- 5-year CAGR of +6.8%, indicating consistent growth.
- In FY2025, operating income increased 2.0% year-over-year.
- Ranks #22 out of 71 companies in the Real Estate sector.
Company context
Key Data Points
- Altman Z-Score 0.59 (distress zone, below 1.8 threshold)
- Strong profit margin: 43.2%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $589.5M | +2.0% |
| FY2024 | $577.9M | +28.7% |
| FY2023 | $449.1M | +19.9% |
| FY2022 | $374.5M | -10.1% |
| FY2021 | $416.5M | -1.9% |
| FY2020 | $424.8M | +13.5% |
| FY2019 | $374.2M | +11.3% |
| FY2018 | $336.3M | +16.5% |
| FY2017 | $288.7M | +8.4% |
| FY2016 | $266.2M | +11.0% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026