Nnn Reit (NNN) Rent Expense (2018 - 2026)
Nnn Reit's (NNN) quarterly Rent Expense came in at $9.8 million in Q1 2026, up 4.52% YoY from $9.4 million in Q1 2025, and down 2.4% on a QoQ basis from $10.0 million in Q4 2025.
Nnn Reit (NNN) Rent Expense (2018 - 2026) Analysis & Trends
Nnn Reit (NNN) has 9 years of Rent Expense data on file, last reported at $9.8 million in Q1 2026.
- Quarterly Rent Expense rose 4.52% year-over-year to $9.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $37.8 million (up 9.46% YoY) and the FY2025 annual result came in at $37.4 million, up 15.67% from the prior year.
- Rent Expense retreated to $9.8 million in Q1 2026, from $10.0 million in the prior quarter.
- In the past five years, Rent Expense ranged from a high of $11.1 million in Q4 2024 to a low of $5.9 million in Q3 2022.
- A 5-year average of $7.9 million and a median of $7.2 million in 2022 frame the typical range for Rent Expense.
- Annual changes were most pronounced in 2022 — Rent Expense dropped 9.91% — and 2024, when it soared 35.27%.
- Tracing NNN's Rent Expense over 5 years: stood at $7.0 million in 2022, then increased by 17.09% to $8.2 million in 2023, then soared by 35.27% to $11.1 million in 2024, then fell by 9.89% to $10.0 million in 2025, then fell by 2.4% to $9.8 million in 2026.
- The last three Rent Expense figures came in at $9.8 million (Q1 2026), $10.0 million (Q4 2025), and $9.1 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 72.57 Bn | 72.57 Bn | 1.76 Bn | - |
| 2 | Realty Income | 57.91 Bn | 57.91 Bn | - | - |
| 3 | Kimco Realty | 16.13 Bn | 16.13 Bn | 455.67 Mn | - |
| 4 | Federal Realty Investment Trust | 10.07 Bn | 10.07 Bn | 271.22 Mn | - |
| 5 | Agree Realty | 8.87 Bn | 8.86 Bn | - | 600,000.00 |
| 6 | Nnn Reit | 8.69 Bn | 8.69 Bn | - | 8.27 Mn |
| 7 | Macerich | 6.68 Bn | 6.68 Bn | 171.77 Mn | - |
| 8 | Essential Properties Realty Trust | 6.54 Bn | 6.54 Bn | - | - |
| 9 | Kite Realty Group Trust | 5.30 Bn | 5.30 Bn | - | - |
| 10 | Phillips Edison & Company | 5.02 Bn | 5.02 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 8.27 Mn |
| Jun 30, 2026 | 8.27 Mn |
| Mar 31, 2026 | 9.80 Mn |
| Mar 31, 2026 | 9.80 Mn |
| Dec 31, 2025 | 10.04 Mn |
| Dec 31, 2025 | 10.04 Mn |
| Sep 30, 2025 | 9.13 Mn |
| Sep 30, 2025 | 9.13 Mn |
| Jun 30, 2025 | 8.84 Mn |
| Jun 30, 2025 | 8.84 Mn |
| Mar 31, 2025 | 9.38 Mn |
| Mar 31, 2025 | 9.38 Mn |
| Dec 31, 2024 | 11.14 Mn |
| Dec 31, 2024 | 11.14 Mn |
| Sep 30, 2024 | 7.26 Mn |
| Sep 30, 2024 | 7.26 Mn |
| Jun 30, 2024 | 6.76 Mn |
| Jun 30, 2024 | 6.76 Mn |
| Mar 31, 2024 | 7.15 Mn |
| Mar 31, 2024 | 7.15 Mn |