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How NNN REIT (NNN) makes money
NNN REIT (NNN) made $250M of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Of every dollar of revenue, 66¢ was left as operating profit, 44¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $250M | 100.0% |
| Operating profit | $165M | 66.1% |
| Net earnings | $110M | 44.0% |
| Operating cash flow | $220M | 88.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $250M | +8% |
| Q2 2026 | $244M | +8% |
| Q1 2026 | $240M | +4% |
| Q4 2025 | $238M | +9% |
| Q3 2025 | $230M | +5% |
| Q2 2025 | $227M | +5% |
| Q1 2025 | $231M | +7% |
From NNN REIT's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does NNN REIT make money?
NNN REIT (NNN) made $250M of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Of every dollar of revenue, 66¢ was left as operating profit, 44¢ was left as net earnings.
What is NNN REIT's profit margin?
Net earnings were $110M, 44.0% of revenue, in the third quarter 2026; the operating margin was 66.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.