Filing Flows › NNN REIT (NNN) › Q2 2026
NNN REIT (NNN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
NNN REIT (NNN) reported revenue of $244M for the second quarter 2026 (Q2 2026), +8% from a year earlier. Operating margin was 62.0%, net earnings $97.9M (40.1% of revenue).
NNN REIT, Q2 2026: revenue $244M (+8% year over year), operating margin 62.0%, net earnings $97.9M, operating cash flow $142M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $244M | — | +8% |
| Operating profit | $151M | — | +1% |
| Net earnings | $97.9M | — | -3% |
| Operating cash flow | $142M | — | +19% |
What changed
Revenue was $244.3M in Q2 2026, up 8% year over year.
Operating profit was $151.4M, a 62.0% margin (down 4.1 points year over year). Of the extra revenue versus Q2 2025, 9% reached operating profit, below the 66% margin then. Total costs grew 21% against revenue growth of 8%. The fastest-growing cost line was General & admin (+25%). Net earnings were $97.9M, down 3% year over year. The effective tax rate was 0.0%.
Operating cash flow was $141.5M (up 19% year over year), 145% of net earnings. Non-cash charges added back $71.0M of depreciation and amortization. Working capital and other items used $27.4M.
Questions
What was NNN REIT's revenue in the second quarter 2026?
NNN REIT (NNN) reported revenue of $244M for the second quarter 2026 (Q2 2026), +8% from a year earlier.
Was NNN REIT profitable in the second quarter 2026?
Operating profit was $151M (62.0% of revenue) and net earnings $97.9M.
Source: NNN REIT 10-Q on SEC EDGAR.