Nnn Reit (NNN) Operating Margin (2009 - 2026)
Nnn Reit's Operating Margin came in at 61.97% for Q2 2026, down 4.08 percentage points from 66.05% a year earlier but up 0.98 percentage points from the prior quarter.
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Analysis
Nnn Reit (NNN) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Nnn Reit reported Operating Margin of 62.30%, down 2.63 percentage points year-over-year; for FY2025, it came in at 63.64%, down 2.83 percentage points from FY2024.
- Operating Margin carries a five-year change of +6.96 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 66.48% in FY2024 (-0.55 pp), 67.03% in FY2023 (+4.61 pp), 62.42% in FY2022 (+0.60 pp) and 61.82% in FY2021 (+5.14 pp).
- The five-year range for quarterly Operating Margin is 58.10% (Q2 2022) to 71.99% (Q3 2023).
- Year-over-year, Operating Margin has declined for six consecutive quarters, with an average year-over-year change of -2.72 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q2 2023 (a gain of 10.35 percentage points), and the weakest in Q3 2024 (a drop of 6.31 percentage points).
- Business Quant data shows NNN's Operating Margin at 61.00% (Q1 2026), 62.32% (Q4 2025) and 63.99% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 166.01 Bn | 148.52 Bn | 1.39 Bn | -51.62% |
| 2 | Prologis | 121.16 Bn | 125.55 Bn | - | 51.59% |
| 3 | Simon Property | 65.49 Bn | 66.75 Bn | - | 49.72% |
| 4 | Realty Income | 51.38 Bn | 53.76 Bn | - | - |
| 5 | Public Storage | 49.67 Bn | 48.75 Bn | - | 37.85% |
| 6 | Ventas | 43.61 Bn | 42.81 Bn | - | - |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 44.86% |
| 8 | Vici Properties | 25.29 Bn | 23.41 Bn | 1.05 Bn | 69.48% |
| 9 | Vivmark Residential | 22.78 Bn | 22.97 Bn | - | - |
| 10 | Nnn Reit | 7.89 Bn | 7.89 Bn | - | 61.97% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 61.97% |
| Mar 31, 2026 | 61.00% |
| Dec 31, 2025 | 62.32% |
| Sep 30, 2025 | 63.99% |
| Jun 30, 2025 | 66.05% |
| Mar 31, 2025 | 62.31% |
| Dec 31, 2024 | 65.79% |
| Sep 30, 2024 | 65.68% |
| Jun 30, 2024 | 70.23% |
| Mar 31, 2024 | 64.21% |
| Dec 31, 2023 | 64.60% |
| Sep 30, 2023 | 71.99% |
| Jun 30, 2023 | 68.46% |
| Mar 31, 2023 | 63.21% |
| Dec 31, 2022 | 64.63% |
| Sep 30, 2022 | 64.79% |
| Jun 30, 2022 | 58.10% |
| Mar 31, 2022 | 62.03% |
| Dec 31, 2021 | 60.98% |
| Sep 30, 2021 | 64.53% |
API Access
Nnn Reit Operating Margin 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=operating-margin&ticker=NNN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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=operating-margin&ticker=NNN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();