TTM
63.1%
YoY change
−4.95pp
Trough year (2009)
48.6%
Peak year (1991)
131.6%
Latest annual
61.5%
Operating Margin history chart for NNN REIT (NNN) from 1985 to 2025
Latest: 61.5%
Operating Margin change chart for NNN REIT (NNN) from 1985 to 2025
Latest: −4.95pp
Operating Margin history table for NNN REIT (NNN) from 1985 to 2025
| 2025 | 61.5% | -4.95pp | ||
| 2024 | 66.5% | -0.55pp | ||
| 2023 | 67.0% | +4.61pp | ||
| 2022 | 62.4% | +0.60pp | ||
| 2021 | 61.8% | +5.14pp | ||
| 2020 | 56.7% | -5.48pp | ||
| 2019 | 62.2% | -6.06pp | ||
| 2018 | 68.2% | +10.52pp | ||
| 2017 | 57.7% | -0.22pp | ||
| 2016 | 57.9% | -1.86pp | ||
| 2015 | 59.8% | -1.45pp | ||
| 2014 | 61.2% | +0.25pp | ||
| 2013 | 61.0% | +4.65pp | ||
| 2012 | 56.3% | +3.45pp | ||
| 2011 | 52.9% | +2.47pp | ||
| 2010 | 50.4% | +1.82pp | ||
| 2009 | 48.6% | -14.34pp | ||
| 2008 | 62.9% | -1.81pp | ||
| 2007 | 64.7% | +5.32pp | ||
| 2006 | 59.4% | +1.63pp | ||
| 2005 | 57.8% | +1.13pp | ||
| 2004 | 56.7% | -14.33pp | ||
| 2003 | 71.0% | -3.14pp | ||
| 2002 | 74.1% | +11.13pp | ||
| 2001 | 63.0% | -17.39pp | ||
| 2000 | 80.4% | +13.15pp | ||
| 1999 | 67.2% | -0.63pp | ||
| 1998 | 67.9% | -14.12pp | ||
| 1997 | 82.0% | +1.17pp | ||
| 1996 | 80.8% | +0.45pp | ||
| 1995 | 80.4% | -38.32pp | ||
| 1994 | 118.7% | -1.30pp | ||
| 1993 | 120.0% | -10.77pp | ||
| 1992 | 130.8% | -0.81pp | ||
| 1991 | 131.6% | +5.26pp | ||
| 1990 | 126.3% | +4.09pp | ||
| 1989 | 122.2% | -5.56pp | ||
| 1988 | 127.8% | +6.73pp | ||
| 1987 | 121.1% | +1.05pp | ||
| 1986 | 120.0% | 0.00pp | ||
| 1985 | 120.0% | — |
- 202561.5%-4.95pp
- 202466.5%-0.55pp
- 202367.0%+4.61pp
- 202262.4%+0.60pp
- 202161.8%+5.14pp
- 202056.7%-5.48pp
- 201962.2%-6.06pp
- 201868.2%+10.52pp
- 201757.7%-0.22pp
- 201657.9%-1.86pp
- 201559.8%-1.45pp
- 201461.2%+0.25pp
- 201361.0%+4.65pp
- 201256.3%+3.45pp
- 201152.9%+2.47pp
- 201050.4%+1.82pp
- 200948.6%-14.34pp
- 200862.9%-1.81pp
- 200764.7%+5.32pp
- 200659.4%+1.63pp
- 200557.8%+1.13pp
- 200456.7%-14.33pp
- 200371.0%-3.14pp
- 200274.1%+11.13pp
- 200163.0%-17.39pp
- 200080.4%+13.15pp
- 199967.2%-0.63pp
- 199867.9%-14.12pp
- 199782.0%+1.17pp
- 199680.8%+0.45pp
- 199580.4%-38.32pp
- 1994118.7%-1.30pp
- 1993120.0%-10.77pp
- 1992130.8%-0.81pp
- 1991131.6%+5.26pp
- 1990126.3%+4.09pp
- 1989122.2%-5.56pp
- 1988127.8%+6.73pp
- 1987121.1%+1.05pp
- 1986120.0%0.00pp
- 1985120.0%—
Operating Margin 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 Margin at NNN REIT (NNN)
According to NNN REIT's latest reported financial statements, the company's latest reported operating margin is 63.1%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual operating margin for NNN REIT (NNN) came in at 61.53% – contracted 5.0 percentage points year-over-year.
131.58% stands as the all-time-high annual operating margin, posted in 1991, against a low of 48.59% during 2009.
NNN REIT Operating Margin by Year
NNN REIT Operating Margin 2025: 61.5%
2025's operating margin for NNN REIT came in at 61.53%, contracted 5.0 percentage points from 2024.
NNN REIT Operating Margin 2024: 66.5%
NNN REIT posted operating margin of 66.48% in 2024, contracted 0.6 percentage points from 2023.
NNN REIT Operating Margin 2023: 67.0%
In 2023, NNN REIT reported operating margin of 67.03%, expanded 4.6 percentage points from 2022.
NNN REIT Operating Margin 2022: 62.4%
NNN REIT operating margin in 2022 was 62.42%, expanded 0.6 percentage points from 2021.
NNN REIT Operating Margin 2021: 61.8%
NNN REIT operating margin in 2021 was 61.82%.
See more financial history for NNN REIT (NNN).
Sector peers by Operating Margin
Real Estate peers of NNN REIT (NNN), ranked by their latest operating margin
| 50.8% | |
| 48.3% | |
| 44.2% | |
| 38.9% | |
| 29.3% | |
| 20.8% | |
| 14.6% | |
| 4.6% |
- 50.8%
- 44.2%
- 38.9%
- 29.3%
- 20.8%
- 4.6%
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NNN REIT (NNN) Key Financials
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