Filing Flows › NNN REIT (NNN) › Q3 2026
NNN REIT (NNN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
NNN REIT (NNN) reported revenue of $250M for the third quarter 2026 (Q3 2026), +8% from a year earlier and +2% from the quarter before. Operating margin was 66.1%, net earnings $110M (44.0% of revenue).
NNN REIT, Q3 2026: revenue $250M (+8% year over year), operating margin 66.1%, net earnings $110M, operating cash flow $220M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $250M | +2% | +8% |
| Operating profit | $165M | +9% | +12% |
| Net earnings | $110M | +12% | +14% |
| Operating cash flow | $220M | — | +0.8% |
What changed
Revenue was $249.7M in Q3 2026, up 8% year over year and up 2% from the previous quarter.
Operating profit was $165.0M, a 66.1% margin (up 2.1 points year over year). Of the extra revenue versus Q3 2025, 91% reached operating profit, above the 64% margin then. Total costs grew 2% against revenue growth of 8%. The fastest-growing cost line was General & admin (+23%). Net earnings were $109.9M, up 14% year over year. The effective tax rate was 0.0%.
Operating cash flow was $220.1M (up 1% year over year), 200% of net earnings. Non-cash charges added back $74.2M of depreciation and amortization. Working capital and other items added $36.0M.
Questions
What was NNN REIT's revenue in the third quarter 2026?
NNN REIT (NNN) reported revenue of $250M for the third quarter 2026 (Q3 2026), +8% from a year earlier and +2% from the quarter before.
Was NNN REIT profitable in the third quarter 2026?
Operating profit was $165M (66.1% of revenue) and net earnings $110M.
Source: NNN REIT 10-Q on SEC EDGAR.