NNN REIT, Inc. (NNN) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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NNN Revenue Growth
NNN Revenue Analysis (2014–2025)
As of May 6, 2026, NNN REIT, Inc. (NNN) generated trailing twelve-month (TTM) revenue of $935.8 million, reflecting modest growth of +4.1% year-over-year. The most recent quarter (Q1 2026) recorded $240.4 million in revenue, up 0.8% 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), ADC (+17.8% YoY), and EPRT (+24.7% YoY), NNN has underperformed the peer group in terms of revenue growth. Compare NNN vs O →
NNN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NNNCurrent | $936M | +4.1% | +7.0% | 61.5% | |
 O | $5.7B | +9.1% | +28.4% | 28.3% | |
 ADC | $718M | +17.8% | +23.6% | 47.4% | |
 EPRT | $562M | +24.7% | +27.9% | 64.5% | |
 WPC | $1.7B | +24.5% | +8.0% | 44.4% | |
 NTST | $195M | +20.3% | +42.0% | 25.7% |
NNN Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $926.2M | +6.6% | $352.0M | 38.0% | $569.9M | 61.5% |
| 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% |
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Start ComparisonNNN — Frequently Asked Questions
Quick answers to the most common questions about buying NNN stock.
Is NNN's revenue growth accelerating or slowing?
NNN revenue growth slowed to +4.1%, below the 5-year CAGR of +7.0%. TTM revenue is $936M. The deceleration marks a shift from historical growth rates.
What is NNN's long-term revenue growth rate?
NNN REIT, Inc.'s 5-year revenue CAGR of +7.0% reflects the variable expansion pattern. Current YoY growth of +4.1% 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.