TTM
$590.78M
YoY change
-1.4%
5Y CAGR
+8.8%
Peak year (2024)
$577.87M
Cumulative operating income
$7.05B
Operating Income history chart for NNN REIT (NNN) from 1985 to 2025
Latest: $569.87M
Operating Income growth chart for NNN REIT (NNN) from 1985 to 2025
Latest: -1.4%
Operating Income history table for NNN REIT (NNN) from 1985 to 2025
| 2025 | $569.87M | -1.4% | −$8.00M | ||
| 2024 | $577.87M | +4.1% | +$22.77M | ||
| 2023 | $555.10M | +15.0% | +$72.57M | ||
| 2022 | $482.54M | +7.4% | +$33.44M | ||
| 2021 | $449.10M | +19.9% | +$74.61M | ||
| 2020 | $374.49M | -10.1% | −$42.29M | ||
| 2019 | $416.78M | -1.9% | −$7.98M | ||
| 2018 | $424.76M | +25.9% | +$87.26M | ||
| 2017 | $337.50M | +9.2% | +$28.43M | ||
| 2016 | $309.07M | +7.1% | +$20.41M | ||
| 2015 | $288.65M | +8.4% | +$22.41M | ||
| 2014 | $266.25M | +11.3% | +$27.00M | ||
| 2013 | $239.25M | +21.1% | +$41.65M | ||
| 2012 | $197.60M | +20.2% | +$33.18M | ||
| 2011 | $164.43M | +21.9% | +$29.51M | ||
| 2010 | $134.91M | +11.8% | +$14.23M | ||
| 2009 | $120.68M | -17.1% | −$24.95M | ||
| 2008 | $145.64M | +20.5% | +$24.73M | ||
| 2007 | $120.91M | +28.1% | +$26.55M | ||
| 2006 | $94.36M | +12.5% | +$10.46M | ||
| 2005 | $83.90M | +14.5% | +$10.63M | ||
| 2004 | $73.27M | +0.5% | +$387.00K | ||
| 2003 | $72.89M | +4.8% | +$3.32M | ||
| 2002 | $69.56M | +37.1% | +$18.82M | ||
| 2001 | $50.74M | -22.0% | −$14.29M | ||
| 2000 | $65.03M | +26.3% | +$13.56M | ||
| 1999 | $51.47M | +18.3% | +$7.96M | ||
| 1998 | $43.52M | +5.9% | +$2.41M | ||
| 1997 | $41.11M | +52.4% | +$14.14M | ||
| 1996 | $26.97M | +63.1% | +$10.43M | ||
| 1995 | $16.54M | +13.3% | +$1.94M | ||
| 1994 | $14.60M | +121.2% | +$8.00M | ||
| 1993 | $6.60M | +94.1% | +$3.20M | ||
| 1992 | $3.40M | +36.0% | +$900.00K | ||
| 1991 | $2.50M | +4.2% | +$100.00K | ||
| 1990 | $2.40M | +9.1% | +$200.00K | ||
| 1989 | $2.20M | -4.3% | −$100.00K | ||
| 1988 | $2.30M | 0.0% | $0.00 | ||
| 1987 | $2.30M | -4.2% | −$100.00K | ||
| 1986 | $2.40M | 0.0% | $0.00 | ||
| 1985 | $2.40M | — | — |
- 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$2.30M0.0%
- 1987$2.30M-4.2%
- 1986$2.40M0.0%
- 1985$2.40M—
Operating Income values are taken from NNN REIT's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Income at NNN REIT (NNN)
According to NNN REIT's latest reported financial statements, the company's current operating income (TTM) is $590.78M. 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 .
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 grown on net over the period, 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 record annual operating income stands at $577.87M, reached in 2024; the historical low of $2.20M was recorded in 1989.
NNN REIT Operating Income by Year
NNN REIT Operating Income 2025: $569.87M
NNN REIT posted operating income of $569.87M in 2025, edged down 1.4% below 2024.
NNN REIT Operating Income 2024: $577.87M
In 2024, NNN REIT reported operating income of $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
2022's operating income for NNN REIT came in at $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 by Operating Income
Real Estate peers of NNN REIT (NNN), ranked by their latest operating income
| $4.88B | |
| $3.54B | |
| $3.18B | |
| $2.25B | |
| $1.85B | |
| $1.63B | |
| $658.49M | |
| $355.17M |
- $4.88B
- $3.54B
- $2.25B
- $1.85B
- $1.63B
- $658.49M
- $355.17M
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