← NNN REIT, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $533.6m |
$584.9m
+9.61%
|
$622.7m
+6.45%
|
$670.5m
+7.68%
|
$660.7m
-1.46%
|
$726.4m
+9.95%
|
$773.1m
+6.42%
|
$828.1m
+7.12%
|
$869.3m
+4.97%
|
$926.2m
+6.55%
|
$953.2m
+2.92%
|
|
| Gains (Losses) on Sales of Investment Real Estate | $27.2m | $36.7m | $65.1m | $32.5m | $16.2m | $23.1m | $17.4m | $47.5m | $42.3m | $48.2m | — | |
| Total other expenses (revenues) | $96.7m | $108.8m | $132.3m | $117.2m | $145.7m | $159.0m | $147.9m | $162.8m | $181.0m | $199.7m | — | |
| General and Administrative Expense | $36.5m | $33.8m | $34.2m | $37.7m | $38.2m | $44.6m | $41.7m | $43.7m | $44.3m | $46.9m | $54.6m | |
| Amortization of Intangible Assets | — | — | $9.2m | — | — | — | — | — | — | — | — | |
| Operating Lease, Lease Income | — | — | — | $650.1m | $639.3m | $703.9m | $751.7m | $805.1m | $846.7m | $902.4m | — | |
| Operating Expenses | $224.6m | $247.4m | $263.0m | $286.2m | $302.4m | $300.4m | $308.0m | $320.5m | $333.7m | $384.9m | $369.1m | |
| Earnings from operations | $309.1m | $337.5m | $424.8m | $416.8m | $374.5m | $449.1m | $482.5m | $555.1m | $577.9m | $589.5m | — | |
| Operating Income (Loss) | $309.1m |
$337.5m
+9.20%
|
$424.8m
+25.85%
|
$416.8m
-1.88%
|
$374.5m
-10.15%
|
$449.1m
+19.92%
|
$482.5m
+7.45%
|
$555.1m
+15.04%
|
$577.9m
+4.10%
|
$589.5m
+2.01%
|
$584.1m
-0.91%
|
|
| Interest Expense | $96.4m | $109.1m | $115.8m | $120.0m | $129.4m | $137.9m | $148.1m | $163.9m | $184.0m | $204.0m | $213.2m | |
| Interest Income, Operating | $1.0m | $724k | $1.3m | $1.5m | $1.9m | $2.5m | $1.4m | $2.0m | $1.8m | $1.8m | $4.0m | |
| Investment Income, Net | $170k | $322k | $1.8m | $3.1m | $417k | $216k | $149k | $1.1m | $3.0m | $4.2m | — | |
| Other Nonoperating Income (Expense) | ($96.7m) | ($108.8m) | ($132.3m) | ($117.2m) | ($145.7m) | ($159.0m) | ($147.9m) | ($162.8m) | ($181.0m) | ($199.7m) | — | |
| Other Income | $1.7m | $614k | — | — | — | — | — | — | — | — | — | |
| Interest and other income from real estate transactions | $1.0m | $724k | $1.3m | $1.5m | $1.9m | $2.5m | $1.4m | $2.0m | $1.8m | $1.8m | — | |
| Interest and other income | ($170k) | ($322k) | ($1.8m) | ($3.1m) | ($417k) | ($216k) | ($149k) | ($1.1m) | ($3.0m) | ($4.2m) | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | $239.5m | $265.0m | — | — | — | — | — | — | — | — | $384.7m | |
| Income Tax Expense (Benefit) | $0 | $0 | $0 | $0 | $0 | — | — | — | — | — | — | |
| Net earnings | $239.5m |
$265.4m
+10.80%
|
$292.5m
+10.22%
|
$299.6m
+2.44%
|
$228.8m
-23.63%
|
$290.1m
+26.80%
|
$334.6m
+15.34%
|
$392.3m
+17.25%
|
$396.8m
+1.15%
|
$389.8m
-1.78%
|
$383.9m
-1.50%
|
|
| Net Income (Loss) Attributable to Parent | $239.5m |
$265.0m
+10.64%
|
$292.4m
+10.37%
|
$299.2m
+2.30%
|
$228.8m
-23.52%
|
$290.1m
+26.80%
|
$334.6m
+15.34%
|
$392.3m
+17.25%
|
$396.8m
+1.15%
|
$389.8m
-1.78%
|
$383.9m
-1.50%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $200.9m |
$217.2m
+8.12%
|
$258.1m
+18.84%
|
$258.2m
+0.02%
|
$210.9m
-18.33%
|
$264.2m
+25.31%
|
$334.6m
+26.65%
|
$392.3m
+17.25%
|
$396.8m
+1.15%
|
$389.8m
-1.78%
|
$383.9m
-1.50%
|
|
| Earnings Per Share, Basic | $1.39 | $1.45 | $1.65 | $1.56 | $1.22 | $1.51 | $1.89 | $2.16 | $2.16 | $2.07 | $2.03 | |
| Earnings Per Share, Diluted | $1.38 | $1.45 | $1.65 | $1.56 | $1.22 | $1.51 | $1.89 | $2.16 | $2.15 | $2.07 | $2.03 | |
| Common Stock, Dividends, Per Share, Declared | $1.78 | $1.86 | $1.95 | $2.03 | $2.07 | $2.10 | $2.16 | $2.23 | $2.29 | $2.36 | — | |
| Basic (in shares) | $144.2m | $149.1m | $155.7m | $164.7m | $172.1m | $174.7m | $176.4m | $181.2m | $183.7m | $187.6m | $188.7m | |
| Diluted (in shares) | $144.7m | $149.4m | $156.3m | $165.1m | $172.2m | $174.8m | $177.1m | $181.7m | $184.0m | $188.0m | $189.3m | |
| Weighted Average Number of Shares Outstanding, Basic | 144.2m | 149.1m | 155.7m | 164.7m | 172.1m | 174.7m | 176.4m | 181.2m | 183.7m | 187.6m | 188.7m | |
| Weighted Average Number of Shares Outstanding, Diluted | 144.7m | 149.4m | 156.3m | 165.1m | 172.2m | 174.8m | 177.1m | 181.7m | 184.0m | 188.0m | 189.3m | |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related Costs | $563k | $0 | $0 | — | — | — | — | — | — | — | — | |
| Direct Costs of Leased and Rented Property or Equipment | $20.9m | $23.1m | $25.1m | — | — | — | — | — | — | — | — | |
| Lease Income | — | $583.6m | $621.4m | $669.0m | $658.8m | $723.9m | $771.6m | $826.1m | $867.5m | $924.4m | — | |
| Rental income | — | $583.6m | $621.4m | $669.0m | $658.8m | $723.9m | $771.6m | $826.1m | $867.5m | $924.4m | — | |
| Real estate | $20.9m | $23.1m | $25.1m | $27.7m | $28.4m | $28.4m | $26.3m | $28.4m | $32.3m | $37.4m | — | |
| Depreciation and amortization | $149.1m | $173.7m | $174.4m | $188.9m | $196.6m | $205.2m | $223.8m | $238.6m | $249.7m | $268.4m | $277.3m | |
| Leasing transaction costs | — | $0 | $0 | $261k | $76k | $203k | $320k | $299k | $99k | $486k | — | |
| Impairment losses - real estate, net of recoveries | — | — | — | $32.0m | $37.4m | $22.0m | $8.3m | $6.0m | $6.6m | $28.6m | — | |
| Retirement And Severance Costs | — | — | — | — | — | — | — | $3.5m | $668k | $3.1m | — | |
| Executive retirement costs | — | — | — | $0 | $1.8m | $0 | $7.5m | $3.5m | $668k | — | — | |
| Gain on disposition of real estate | $27.2m | $36.7m | $65.1m | $32.5m | $16.2m | $23.1m | $17.4m | $47.5m | $42.3m | $48.2m | — | |
| Amortization of interest rate hedges | $2.8m | $1.9m | $3.7m | $1.3m | $2.3m | $3.1m | $2.4m | $2.5m | $2.2m | $1.7m | — | |
| Fair value of forward starting swaps | $13.3m | ($7.7m) | $4.1m | ($5.5m) | ($7.6m) | ($1.6m) | $0 | $0 | $0 | ($52k) | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $212.3m | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | — | — | — | — | — | — | — | — | — | — | |
| Total comprehensive income | $251.7m | $259.4m | $300.5m | $293.3m | $223.5m | $291.6m | $337.0m | $394.8m | $399.0m | $391.4m | — |