NNN REIT profit margin NNN
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 40.4%
- Net margin on a year earlier
- −3.5 pts
- Peer median
- 29.3%
Over the twelve months to Jun 30, 2026, NNN REIT kept 40.4% of its revenue as net profit.
Five years earlier its net margin was 36.3%.
The median for 10 specialty REITs of a similar size is 29.3%.
Profit margin over time
Net
Fiscal year by fiscal year
| Fiscal year | Net margin |
|---|---|
| FY2025 | 42.1% |
| FY2024 | 45.7% |
| FY2023 | 47.4% |
| FY2022 | 43.3% |
| FY2021 | 39.9% |
| FY2020 | 34.6% |
| FY2019 | 44.6% |
| FY2018 | 47.0% |
| FY2017 | 45.3% |
| FY2016 | 44.9% |
| FY2015 | 41.0% |
| FY2014 | 43.8% |
| FY2013 | 40.7% |
| FY2012 | 42.8% |
| FY2011 | 35.5% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY26 | 40.4% | −3.5 pts | |
| Q1 FY26 | 41.4% | −3.7 pts | |
| Q4 FY25 | 42.1% | −3.6 pts | |
| Q3 FY25 | 43.2% | −2.4 pts | |
| Q2 FY25 | 43.9% | −3.5 pts | |
| Q1 FY25 | 45.1% | −2.2 pts | |
| Q4 FY24 | 45.7% | −1.7 pts | |
| Q3 FY24 | 45.6% | −2.0 pts | |
| Q2 FY24 | 47.4% | +1.3 pts | |
| Q1 FY24 | 47.2% | +3.6 pts | |
| Q4 FY23 | 47.4% | +4.1 pts | |
| Q3 FY23 | 47.7% | +5.5 pts |
Against its peers
Companies in REIT - Specialty nearest NNN REIT's size, closest first, today.
| Company | Profit margin |
|---|---|
| NNNNNN REIT | 40.4% |
| RHPRyman Hospitality Properties | 9.9% |
| ADCAgree Realty | 28.8% |
| BRXBrixmor Property | 30.8% |
| CTRECareTrust REIT | 62.2% |
| FRFirst Industrial Realty Trust | 48.0% |
| CUBECubeSmart | 29.3% |
| STAGSTAG Industrial | 28.1% |
| FRTFederal Realty Investment Trust | 32.7% |
| BXPBXP | 8.4% |
| CPTCamden Property Trust | n/m |
| Peer median | 29.3% |
Where NNN REIT ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on NNN REIT
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.