NNN REIT, Inc. (NNN) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
Revenue Growth Metrics
NNN Revenue Analysis (2014–2025)
As of March 1, 2026, NNN REIT, Inc. (NNN) generated trailing twelve-month (TTM) revenue of $926.2 million, reflecting solid growth of +9.1% year-over-year. The most recent quarter (Q4 2025) recorded $238.4 million in revenue, up 3.6% sequentially.
Looking at the longer-term picture, NNN's 5-year compound annual growth rate (CAGR) stands at +7.0%, indicating steady revenue expansion. The company achieved its highest annual revenue of $926.2 million in 2025, representing a new all-time high.
When compared to Real Estate sector peers including O (+9.1% YoY), FCPT (+9.7% YoY), and GTY (+8.2% YoY), NNN has underperformed the peer group in terms of revenue growth. Compare NNN vs O →
Peer Comparison
Compare NNN's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NNNCurrent | $926M | +9.1% | +7.0% | 63.6% | |
| O | $5.7B | +9.1% | +28.4% | 28.3% | |
| FCPT | $294M | +9.7% | +11.5% | 55.7% | |
| GTY | $222M | +8.2% | +8.5% | 54.9% | |
| NTST | $195M | +20.3% | +42.0% | 25.7% | |
| PINE | $61M | +15.9% | +25.8% | 21.7% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $926.2M | +6.6% | $888.8M | 96.0% | $589.5M | 63.6% |
| 2024 | $869.3M | +5.0% | $836.9M | 96.3% | $577.9M | 66.5% |
| 2023 | $828.1M | +7.1% | $799.7M | 96.6% | $555.1M | 67.0% |
| 2022 | $773.1M | +6.4% | $746.8M | 96.6% | $482.5M | 62.4% |
| 2021 | $726.4M | +9.9% | $698.0M | 96.1% | $449.1M | 61.8% |
| 2020 | $660.7M | -1.5% | $632.3M | 95.7% | $374.5M | 56.7% |
| 2019 | $670.5M | +7.7% | $642.8M | 95.9% | $416.8M | 62.2% |
| 2018 | $622.7M | +6.5% | $597.6M | 96.0% | $424.8M | 68.2% |
| 2017 | $584.9M | +9.6% | $561.8M | 96.0% | $337.5M | 57.7% |
| 2016 | $533.6M | +10.5% | $512.8M | 96.1% | $309.1M | 57.9% |
See NNN's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs NNN Undervalued?
See our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare NNN vs WELL
See how NNN stacks up against sector leader Welltower Inc..
Start ComparisonFrequently Asked Questions
Is NNN's revenue growth accelerating or slowing?
NNN maintains +9.1% revenue growth, in line with its 5-year CAGR of +7.0%. TTM revenue stands at $926M. Growth rate remains consistent with historical average.
What is NNN's long-term revenue growth rate?
NNN REIT, Inc.'s 5-year revenue CAGR of +7.0% reflects the sustained expansion pattern. Current YoY growth of +9.1% is near this long-term average.
How is NNN's revenue distributed by segment?
NNN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.