Nnn Reit (NNN) Below-Market Lease Liabilities (2021 - 2026)
Nnn Reit's Below-Market Lease Liabilities was $37.07 million in Q3 2026, down 1.8% from $37.76 million a year earlier and unchanged from the prior quarter.
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Analysis
Nnn Reit (NNN) Below-Market Lease Liabilities (2021 - 2026) Analysis & Trends
At the end of FY2025, Below-Market Lease Liabilities at Nnn Reit came in at $4.46 million, down 65.2% from FY2024.
- Below-Market Lease Liabilities shows a four-year compound annual growth rate of -28.7% (FY2021 to FY2025).
- In earlier years, Below-Market Lease Liabilities was $12.82 million in FY2024 (+25.5%), $10.22 million in FY2023 (-24.3%), $13.5 million in FY2022 (-21.8%) and $17.25 million in FY2021.
- Quarterly Below-Market Lease Liabilities has moved between $4.46 million (Q4 2025) and $41.37 million (Q3 2022) over five years.
- Compared with a year earlier, Below-Market Lease Liabilities has declined for seven straight quarters, with an average decline of 7.6% over the last eight quarters.
- The best year-over-year quarter for Below-Market Lease Liabilities over five years was Q4 2024 (growth of 25.5%); the worst was Q4 2025 (a decline of 65.2%).
- Per Business Quant data, NNN's Below-Market Lease Liabilities in the three quarters before Q3 2026 was $37.07 million (Q2 2026), $37.1 million (Q1 2026) and $4.46 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Below-Market Lease Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 179.36 Bn | 166.43 Bn | 1.47 Bn | - |
| 2 | Prologis | 122.34 Bn | 120.73 Bn | - | - |
| 3 | Simon Property | 79.95 Bn | 78.05 Bn | - | - |
| 4 | Public Storage | 62.14 Bn | 61.58 Bn | 112.08 Mn | - |
| 5 | Realty Income | 55.95 Bn | 57.33 Bn | - | 1.46 Bn |
| 6 | Ventas | 47.02 Bn | 46.18 Bn | -3.39 Bn | - |
| 7 | Ryman Hospitality Properties | 46.62 Bn | 45.46 Bn | 266.41 Mn | - |
| 8 | Vivmark Residential | 37.34 Bn | 37.09 Bn | - | - |
| 9 | Extra Space Storage | 33.12 Bn | 32.90 Bn | 650.96 Mn | - |
| 10 | Nnn Reit | 7.98 Bn | 7.97 Bn | - | 37.07 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 37.07 Mn |
| Jun 30, 2026 | 37.07 Mn |
| Mar 31, 2026 | 37.10 Mn |
| Dec 31, 2025 | 4.46 Mn |
| Sep 30, 2025 | 37.76 Mn |
| Jun 30, 2025 | 37.76 Mn |
| Mar 31, 2025 | 37.76 Mn |
| Dec 31, 2024 | 12.82 Mn |
| Sep 30, 2024 | 39.87 Mn |
| Jun 30, 2024 | 39.87 Mn |
| Mar 31, 2024 | 39.87 Mn |
| Dec 31, 2023 | 10.22 Mn |
| Sep 30, 2023 | 41.24 Mn |
| Jun 30, 2023 | 41.24 Mn |
| Mar 31, 2023 | 41.24 Mn |
| Dec 31, 2022 | 13.50 Mn |
| Sep 30, 2022 | 41.37 Mn |
| Dec 31, 2021 | 17.25 Mn |
API Access
Nnn Reit Below-Market Lease Liabilities API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=below-market-lease-liabilities&ticker=NNN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "below-market-lease-liabilities", "ticker": "NNN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=below-market-lease-liabilities&ticker=NNN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();