Nnn Reit (NNN) Interest Expense (in Operating Expenses) (2009 - 2026)
Nnn Reit (NNN) reported Interest Expense (in Operating Expenses) of $55.14 million for Q3 2026, up 3.3% from $53.38 million a year earlier and up 3.1% from the prior quarter.
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Analysis
Nnn Reit (NNN) Interest Expense (in Operating Expenses) (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Nnn Reit's Interest Expense (in Operating Expenses) came in at $214.93 million, up 9.0% year-over-year; for FY2025, it came in at $203.96 million, up 10.8% from FY2024.
- Interest Expense (in Operating Expenses) has increased for 11 consecutive years, with a five-year compound annual growth rate of 9.5% (FY2020 to FY2025).
- By year, Interest Expense (in Operating Expenses) came in at $184.02 million in FY2024 (+12.3%), $163.9 million in FY2023 (+10.7%), $148.07 million in FY2022 (+7.4%) and $137.87 million in FY2021 (+6.5%).
- The Q3 2026 figure ranks as the highest quarterly Interest Expense (in Operating Expenses) in data going back to Q2 2009.
- Year over year, Interest Expense (in Operating Expenses) has now increased in each of the last 17 quarters, with growth averaging 9.2% over the last eight quarters.
- Over the past five years, the year-over-year growth in Interest Expense (in Operating Expenses) ranged from 2.7% (Q4 2022) to 16.2% (Q2 2024).
- Per Business Quant data, the three quarters before Q3 2026 came in at $53.49 million (Q2 2026), $52.73 million (Q1 2026) and $53.57 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Op.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 179.36 Bn | 166.43 Bn | 1.47 Bn | 192.66 Mn |
| 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 | 102.53 Mn |
| 5 | Realty Income | 55.95 Bn | 57.33 Bn | - | 333.56 Mn |
| 6 | Ventas | 47.02 Bn | 46.18 Bn | -3.39 Bn | 161.39 Mn |
| 7 | Ryman Hospitality Properties | 46.62 Bn | 45.46 Bn | 266.41 Mn | - |
| 8 | Vivmark Residential | 37.34 Bn | 37.09 Bn | - | 123.79 Mn |
| 9 | Extra Space Storage | 33.12 Bn | 32.90 Bn | 650.96 Mn | -151.17 Mn |
| 10 | Nnn Reit | 7.98 Bn | 7.97 Bn | - | 55.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 55.14 Mn |
| Jun 30, 2026 | 53.49 Mn |
| Mar 31, 2026 | 52.73 Mn |
| Dec 31, 2025 | 53.57 Mn |
| Sep 30, 2025 | 53.38 Mn |
| Jun 30, 2025 | 49.28 Mn |
| Mar 31, 2025 | 47.72 Mn |
| Dec 31, 2024 | 46.88 Mn |
| Sep 30, 2024 | 46.49 Mn |
| Jun 30, 2024 | 46.58 Mn |
| Mar 31, 2024 | 44.07 Mn |
| Dec 31, 2023 | 43.39 Mn |
| Sep 30, 2023 | 41.52 Mn |
| Jun 30, 2023 | 40.09 Mn |
| Mar 31, 2023 | 38.89 Mn |
| Dec 31, 2022 | 37.67 Mn |
| Sep 30, 2022 | 36.96 Mn |
| Jun 30, 2022 | 36.74 Mn |
| Mar 31, 2022 | 36.70 Mn |
| Dec 31, 2021 | 36.68 Mn |
API Access
Nnn Reit Interest Expense (in Operating Expenses) 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=interest-expense-in-operating-expenses&ticker=NNN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense-in-operating-expenses", "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=interest-expense-in-operating-expenses&ticker=NNN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();