Nnn Reit (NNN) Total Operating Expenses (2009 - 2026)
Nnn Reit's Operating Expenses was $99.77 million in Q3 2026, up 4.5% from $95.45 million a year earlier but down 2.2% from the prior quarter.
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Analysis
Nnn Reit (NNN) Total Operating Expenses (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Nnn Reit's Operating Expenses was $413.2 million through Sep 30, 2026, up 12.8% year-over-year; for FY2025, it came in at $384.95 million, up 15.4% from FY2024.
- Operating Expenses has now increased for four consecutive years, with a five-year compound annual growth rate of 4.9% (FY2020 to FY2025).
- In earlier years, Operating Expenses was $333.68 million in FY2024 (+4.1%), $320.49 million in FY2023 (+4.1%), $307.96 million in FY2022 (+2.5%) and $300.41 million in FY2021 (-0.7%).
- Quarterly Operating Expenses has moved between $74.01 million (Q3 2022) and $105.96 million (Q1 2026) over five years.
- Compared with a year earlier, Operating Expenses has increased for 13 straight quarters, with growth averaging 11.9% over the last eight quarters.
- The best year-over-year quarter for Operating Expenses over five years was Q4 2025 (growth of 21.5%); the worst was Q2 2023 (a decline of 3.5%).
- Per Business Quant data, NNN's Operating Expenses in the three quarters before Q3 2026 was $102 million (Q2 2026), $105.96 million (Q1 2026) and $105.48 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (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 | - |
| 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 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 99.77 Mn |
| Jun 30, 2026 | 102.00 Mn |
| Mar 31, 2026 | 105.96 Mn |
| Dec 31, 2025 | 105.48 Mn |
| Sep 30, 2025 | 95.45 Mn |
| Jun 30, 2025 | 93.20 Mn |
| Mar 31, 2025 | 90.82 Mn |
| Dec 31, 2024 | 86.83 Mn |
| Sep 30, 2024 | 82.78 Mn |
| Jun 30, 2024 | 82.17 Mn |
| Mar 31, 2024 | 81.91 Mn |
| Dec 31, 2023 | 83.81 Mn |
| Sep 30, 2023 | 77.46 Mn |
| Jun 30, 2023 | 77.85 Mn |
| Mar 31, 2023 | 81.38 Mn |
| Dec 31, 2022 | 77.01 Mn |
| Sep 30, 2022 | 74.01 Mn |
| Jun 30, 2022 | 80.71 Mn |
| Mar 31, 2022 | 76.23 Mn |
| Dec 31, 2021 | 78.22 Mn |
API Access
Nnn Reit Total 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=total-operating-expenses&ticker=NNN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-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=total-operating-expenses&ticker=NNN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();