Operating Income for NNN REIT (NNN)
According to NNN REIT's latest reported financial statements, the company's current operating income (TTM) is $589.49M USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
NNN
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TTM (last 4 quarters)
$589.49M
YoY change
-1.4%
5Y CAGR
+8.8%
Peak year (2024)
$577.87M
Cumulative operating income
$6.91B
Operating Income history chart for NNN REIT (NNN) from 1985 to 2025
Operating Income history table for NNN REIT (NNN) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $569.87M | -1.4% | ||
| 2024 | $577.87M | +4.1% | ||
| 2023 | $555.10M | +15.0% | ||
| 2022 | $482.54M | +7.4% | ||
| 2021 | $449.10M | +19.9% | ||
| 2020 | $374.49M | -10.1% | ||
| 2019 | $416.78M | -1.9% | ||
| 2018 | $424.76M | +25.9% | ||
| 2017 | $337.50M | +9.2% | ||
| 2016 | $309.07M | +7.1% | ||
| 2015 | $288.65M | +8.4% | ||
| 2014 | $266.25M | +11.3% | ||
| 2013 | $239.25M | +21.1% | ||
| 2012 | $197.60M | +20.2% | ||
| 2011 | $164.43M | +21.9% | ||
| 2010 | $134.91M | +11.8% | ||
| 2009 | $120.68M | -17.1% | ||
| 2008 | $145.64M | +20.5% | ||
| 2007 | $120.91M | +28.1% | ||
| 2006 | $94.36M | +12.5% | ||
| 2005 | $83.90M | +14.5% | ||
| 2004 | $73.27M | +0.5% | ||
| 2003 | $72.89M | +4.8% | ||
| 2002 | $69.56M | +37.1% | ||
| 2001 | $50.74M | -22.0% | ||
| 2000 | $65.03M | +26.3% | ||
| 1999 | $51.47M | +18.3% | ||
| 1998 | $43.52M | +5.9% | ||
| 1997 | $41.11M | +52.4% | ||
| 1996 | $26.97M | +63.1% | ||
| 1995 | $16.54M | +13.3% | ||
| 1994 | $14.60M | +121.2% | ||
| 1993 | $6.60M | +94.1% | ||
| 1992 | $3.40M | +36.0% | ||
| 1991 | $2.50M | +4.2% | ||
| 1990 | $2.40M | +9.1% | ||
| 1989 | $2.20M | -4.3% | ||
| 1988 | $2.30M | 0.0% | ||
| 1987 | $2.30M | -4.2% | ||
| 1986 | $2.40M | 0.0% | ||
| 1985 | $2.40M | — |
Operating Income values are taken from NNN REIT's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual operating income for NNN REIT (NNN) came in at $569.87M – edged down 1.4% year-over-year.
NNN REIT operating income has recorded the values shown across consecutive periods, with a +8.8% compound annual growth rate over 2020–2025 (5 years).
NNN REIT operating income edged down from $577.87M in 2024 to $569.87M in 2025, a 1.4% drawdown.
The dataset's maximum operating income sits at $577.87M (2024); the minimum reading of $2.20M dates to 1989.
NNN REIT (NNN) sits 8th of 8 Real Estate peers we track on this metric, against a peer median of $2.05B.
NNN REIT Operating Income by Year
NNN REIT Operating Income 2025: $569.87M
NNN REIT operating income in 2025 was $569.87M, edged down 1.4% below 2024.
NNN REIT Operating Income 2024: $577.87M
NNN REIT operating income in 2024 was $577.87M, edged up 4.1% from 2023. This figure represents the highest annual value in the available history.
NNN REIT Operating Income 2023: $555.10M
NNN REIT operating income in 2023 was $555.10M, grew 15.0% from 2022.
NNN REIT Operating Income 2022: $482.54M
NNN REIT operating income in 2022 was $482.54M, grew 7.4% from 2021.
NNN REIT Operating Income 2021: $449.10M
NNN REIT operating income in 2021 was $449.10M.
See more financial history for NNN REIT (NNN).
Sector peers — Operating Income
Companies in the same sector as NNN REIT, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| American Tower Corporation (AMT) | $4.88B | Real Estate |
| Prologis, Inc. (PLD) | $3.54B | Real Estate |
| Simon Property Group, Inc. (SPG) | $3.18B | Real Estate |
| Public Storage (PSA) | $2.25B | Real Estate |
| Equinix, Inc. (EQIX) | $1.85B | Real Estate |
| Realty Income Corporation (O) | $1.63B | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $658.49M | Real Estate |
| Welltower Inc. (WELL) | $355.17M | Real Estate |
Frequently asked questions
What is NNN REIT's operating income?
- Latest reported operating income for NNN REIT (NNN) is $589.49M (period ending December 31, 2025).
How has NNN REIT operating income changed year-over-year?
- NNN REIT (NNN) operating income changed -1.4% year-over-year on the latest annual filing.
What is the long-term growth rate of NNN REIT operating income?
- NNN REIT (NNN) operating income compound annual growth rate is +8.8% over the most recent 5 years available.
When did NNN REIT operating income hit its highest annual value?
- NNN REIT operating income reached its highest annual value of $577.87M in 2024.
What was NNN REIT operating income in 2024?
- NNN REIT (NNN) operating income in 2024 was $577.87M.
What was NNN REIT operating income in 2025?
- NNN REIT (NNN) operating income in 2025 was $569.87M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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