What is NNN REIT's net margin?

NNN REIT (NNN) reported net margin of 41.4% in Q1 2026.

How has NNN REIT's net margin changed year-over-year?

NNN REIT's net margin decreased by 8.2% year-over-year, from 45.1% to 41.4%.

What is the long-term trend for NNN REIT's net margin?

Over 5 years (2020 to 2025), NNN REIT's net margin has grown at a 4.0% compound annual growth rate (CAGR), from 34.6% to 42.1%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

NNN REIT NNN Net margin

Net margin at other companies

Realty IncomeO

19.1%+0.9pp

Agree RealtyADC

29.3%-0.8pp

W.P. Carey Inc.WPC

29.3%+2.7pp

Regency CentersREG

34.5%+7.3pp

Gaming and Leisure PropertiesGLPI

55.1%+5.1pp

Omega Healthcare InvestorsOHI

51.1%+9.8pp

Other financials

Income statement

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Revenue$240.4M+4.1%

Operating income$146.6M+1.9%

Net income$94.0M-2.6%

EPS (diluted)$0.50-2.0%

Balance sheet

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Cash & equivalents$4.6M-10.3%

Total equity$4.4B+0.9%

Total assets$9.4B+4.4%

Cash flow

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Operating cash flow$187.0M-8.0%

CapEx$15.5M+253%

Free cash flow$176.0M-5.2%

Valuation

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Market cap$8.56B-0.3%

P/E22.1×+0.6×

P/S9.2×-0.6×

Profitability

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Operating margin63.3%-2.6pp

Returns & leverage

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Return on equity8.9%-0.5pp

Where this comes from

Calculated from NNN REIT’s reported figures.

net income/total revenue=41.4%

Based on trailing twelve months.

The official record: NNN REIT’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NNN REIT's net margin?: NNN REIT (NNN) reported net margin of 41.4% in Q1 2026.
How has NNN REIT's net margin changed year-over-year?: NNN REIT's net margin decreased by 8.2% year-over-year, from 45.1% to 41.4%.
What is the long-term trend for NNN REIT's net margin?: Over 5 years (2020 to 2025), NNN REIT's net margin has grown at a 4.0% compound annual growth rate (CAGR), from 34.6% to 42.1%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.