NNN · XBRL financial data

NNN REIT financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (NNN's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	661	726	773	828	869	926
General and administrative	38	45	42	44	44	47
Total operating expenses	302	300	308	320	334	385
Operating income (loss)	374	449	483	555	578	589
Interest expense	129	138	148	164	184	204
Other income (expense)	(146)	(159)	(148)	(163)	(181)	(200)
Income tax expense (benefit)	0	—	—	—	—	—
Net income (loss)	229	290	335	392	397	390
Earnings per share, basic USD per share	1.22	1.51	1.89	2.16	2.16	2.07
Earnings per share, diluted USD per share	1.22	1.51	1.89	2.16	2.15	2.07
Weighted average shares, basic millions of shares	172	175	176	181	184	188
Weighted average shares, diluted millions of shares	172	175	177	182	184	188

Fiscal years (NNN's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	267	171	3	1	9	5
Total assets	7,638	7,751	8,146	8,662	8,873	9,379
Total liabilities	3,319	3,849	4,023	4,505	4,510	4,971
Accumulated deficit	(645)	(748)	(794)	(806)	(829)	(883)
Total stockholders' equity	4,319	3,902	4,124	4,157	4,362	4,408
Total liabilities and equity	7,638	7,751	8,146	8,662	8,873	9,379
Common shares outstanding (cover page) millions of shares	175	176	181	182	188	190

Fiscal years (NNN's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	229	290	335	392	397	390
Depreciation and amortization	197	205	224	239	250	268
Net cash from operating activities	450	568	578	612	636	667
Net cash from investing activities	(143)	(432)	(778)	(681)	(424)	(748)
Proceeds from issuing common stock	126	4	254	32	218	85
Dividends paid	356	367	381	404	420	443
Net cash from financing activities	(41)	(232)	35	67	(207)	78
Net change in cash	266	(96)	(165)	(2)	4	(3)

SIC 6798 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6798 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
NNN REIT	2.7	250	220*	193.9M	Q3 FY26 10-QSep 30, 2026
Federal Realty Investment Trust	110	339	not reported	86.0M	Q3 FY26 10-QSep 30, 2026
Brixmor Property Group	164	360	171*	306.9M	Q3 FY26 10-QSep 30, 2026
Rexford Industrial Realty	424	0	152*	212.1M	Q3 FY26 10-QSep 30, 2026
AGNC Investment	468	not reported	404*	1.3B	Q3 FY26 10-QSep 30, 2026
Janus Living	338	268	112*	not reported	Q3 FY26 10-QSep 30, 2026
Eastgroup Properties	0.3	199	176*	53.8M	Q3 FY26 10-QSep 30, 2026
Healthpeak Properties	514	268	354*	689.5M	Q3 FY26 10-QSep 30, 2026
Vornado Realty Trust	580	468	not reported	187.0M	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.