NNN REIT’s Revenue By Segment (2016-2023)

The statistic highlights NNN REIT’s Revenue By Segment, split between interest and other income from real estate transactions, and rental income, reported quarterly from Q1 2016 onwards.

NNN REIT’s Revenue By Segment

NNN is a fully integrated REIT. REIT or Real Estate Investment Trust is a company that owns or manages income-generating real estate. It enables individuals to invest in real estate assets without directly owning or managing the assets themselves.

National Retail Properties Inc earns revenue primarily through two core revenue sources. It includes interest and other income from real estate transactions, and rental income. Amongst the two revenue streams, the rental income is the major contributor to revenue, accounting for 99.76 percent of the total revenue in the first quarter of 2023. While the interests and other income from real estate transactions, accounts for only 0.23 percent of the aggregate revenue in the same quarter of 2023.

Comparing the growth of the company on a quarterly basis, there has been a growth of 57.75% in the interest and other income from real estate transactions while the rental income has grown at a rate of 2.73% from 2022 Q4 to 2023 Q1.

NNN focuses on investing primarily in retail real estate that is primarily well located within each local market for its tenants’ retail lines of trade. It undertakes the evaluation of the creditworthiness of its significant current and prospective tenants. This evaluation may include store-level financial performance, press releases, reviewing available financial statements public credit ratings from major credit rating agencies, industry news publications, and financial market data.

The Properties are typically leased under triple-net leases, which require the tenant to pay all property taxes and assessments, maintain the interior and exterior of the property, and to carry property and liability insurance coverage.

Generally, NNN’s leases provide the tenant with one or more multi-year renewal options subject to generally the same terms and conditions provided under the initial lease term. Some of the leases also provide that in the event NNN wishes to sell the Property subject to that lease, NNN first must offer the lessee the right to purchase the Property on the same terms and conditions as any offer which NNN intends to accept for the sale of the Property. See “Results of Operations – Property Analysis.”

NNN makes a selling decision for each property, in accordance with its investment objectives. These decisions are taken up after careful consideration of manifold factors, that may include net cash flow, tenant’s lease renewal probability, the composition of the Property Portfolio, market lease rates, local market conditions, and other relevant factors.

About National Retail Properties Inc

NNN, a Maryland corporation, is a fully integrated REIT established in 1984. NNN’s assets are primarily real estate assets. The common shares of National Retail Properties, Inc. are traded on the New York Stock Exchange (the “NYSE”) under the ticker symbol “NNN.” NNN acquires, owns, invests in, and develops properties for the purpose of leasing them to retail tenants under long-term net leases, and are essentially held for investment.

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