The financials
NNN REIT, Inc. by the numbers
NNN REIT, Inc. (NNN) reported revenue of $238M in Q4 2025 (quarter ended December 31, 2025), up 9.1% from the same quarter a year earlier. That came with net income of $96M (40% of revenue). For the full year FY2025, revenue was $926M (+6.6% year on year) and net income $390M.
| Income statement | Q4 2025 | Q4 2024 | Change |
|---|---|---|---|
| Revenue | $238M | $218M | +9.1% |
| Operating income | $149M | $144M | +3.4% |
| Net income | $96M | $98M | −2.0% |
| Diluted EPS | $0.51 | $0.52 | −1.9% |