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NNN REIT NNN Operating margin

Operating margin at other companies

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Agree RealtyADC
48%-0.7pp
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Gaming and Leisure PropertiesGLPI
78.8%+5.8pp
Extra Space Storage logo
Extra Space StorageEXR
40.8%-1.2pp

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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Net margin41.4%-3.7pp

Returns & leverage

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Return on equity8.9%-0.5pp

Where this comes from

Calculated from NNN REIT’s reported figures.

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 operating margin?
NNN REIT (NNN) reported operating margin of 63.3% in Q1 2026.
How has NNN REIT's operating margin changed year-over-year?
NNN REIT's operating margin decreased by 4.0% year-over-year, from 65.9% to 63.3%.
What is the long-term trend for NNN REIT's operating margin?
Over 5 years (2020 to 2025), NNN REIT's operating margin has grown at a 2.3% compound annual growth rate (CAGR), from 56.7% to 63.6%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.