KPIs & Operating Metrics(New)

Nnn Reit (NNN) Operating Margin (2016 - 2025)

Nnn Reit (NNN) has disclosed Operating Margin for 17 consecutive years, with 62.32% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Margin fell 347.0% year-over-year to 62.32%, compared with a TTM value of 63.64% through Dec 2025, down 283.0%, and an annual FY2025 reading of 63.64%, down 283.0% over the prior year.
  • Operating Margin was 62.32% for Q4 2025 at Nnn Reit, down from 63.99% in the prior quarter.
  • Across five years, Operating Margin topped out at 71.99% in Q3 2023 and bottomed at 58.1% in Q2 2022.
  • Average Operating Margin over 5 years is 64.29%, with a median of 64.37% recorded in 2021.
  • The sharpest move saw Operating Margin surged 1166bps in 2021, then plummeted -631bps in 2024.
  • Year by year, Operating Margin stood at 60.98% in 2021, then grew by 6bps to 64.63% in 2022, then dropped by 0bps to 64.6% in 2023, then grew by 2bps to 65.79% in 2024, then decreased by -5bps to 62.32% in 2025.
  • Business Quant data shows Operating Margin for NNN at 62.32% in Q4 2025, 63.99% in Q3 2025, and 66.05% in Q2 2025.