NNN REIT, INC.

NNN · XNYS

CIK 751364fmd_1XNP1KFGBA2FG5GX833B3MJW6JFinance, Insurance and Real Estate · Real Estate Investment TrustsTemplate: Real estate

Coverage: Jan 01, 2008 to Sep 30, 2026, 70 periods

Income Statement · Annual · Millions · USD
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Rental revenue	–	–	–	650	639	704	752	805	847	902
Total revenues	534	585	623	670	661	726	773	828	869	926
Property operating expenses	21	23	25	–	–	–	–	–	–	–
Depreciation and amortization	149	174	174	189	197	205	224	239	250	268
Gain on sale of real estate	27	37	65	32	16	23	17	47	42	48
Impairment of real estate	8	5	28	32	37	22	8	6	7	29
Total operating expenses	225	247	263	286	302	300	308	320	334	385
Funds from operations (NAREIT definition, derived)	369	407	430	488	447	494	549	589	611	639
Operating income	336	374	425	417	374	449	483	555	578	589
Interest expense	96	109	116	120	129	138	148	164	184	204
Other non-operating income (expense)	(97)	(109)	(132)	(117)	(146)	(159)	(148)	(163)	(181)	(200)
Income before taxes	212	229	–	–	–	–	–	–	–	–
Income tax expense	0	0	0	0	0	–	–	–	–	–
Net income from continuing operations	212	229	–	–	–	–	–	–	–	–
Net income	240	265	292	299	229	290	335	392	397	390
Net income to common shareholders	201	217	258	258	211	264	335	392	397	390