Company / SG&A Expense
NNN Reit SG&A Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$46.9M
FY2025
5-year range
$41.7M / $46.9M
FY2021-FY2025
Trend
+6.0%
vs FY2024
Sector context
#79 of 131
Real Estate
What the data says
At $47M, NNN Reit's sg&a expense ranks #53 of 131 in the Real Estate sector. SG&A Expense has increased for 3 consecutive years, from $42M in FY2022 to $47M in FY2025.
Based on SEC 10-K filings.
$47M in FY2025 with a 5-year CAGR of +4.2%.
Increased from $44M to $47M over the past 2 years.
Real Estate sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- +4.0%
- 5-Year CAGR
- +4.2%
- 10-Year CAGR
- -
Sector benchmark
#53 of 131 in Real EstateTop 40% of 131This company $46.9M Sector average $159.5M
▼
-70.6% below sector average
Key checks
Key Insights
- NNN Reit's sg&a expense has grown for 3 consecutive years.
- 5-year CAGR of +4.2%, indicating consistent growth.
- In FY2025, sg&a expense increased 6.0% year-over-year.
- Ranks #79 out of 131 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 | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $46.9M | +6.0% |
| FY2024 | $44.3M | +1.2% |
| FY2023 | $43.7M | +4.9% |
| FY2022 | $41.7M | -6.6% |
| FY2021 | $44.6M | +17.0% |
| FY2020 | $38.2M | +1.4% |
| FY2019 | $37.7M | +9.9% |
| FY2018 | $34.2M | +1.3% |
| FY2017 | $33.8M | -7.4% |
| FY2016 | $36.5M | +5.1% |
As of FY2025 · SEC 10-K · Updated Mar 29, 2026