National Retail Properties, Inc. (NNN) Financials

NYSE:NNN

Market Cap

6.97B

Total Revenue

773.05M

Gross Profit

746.77M

Operating Income

482.54M

Net Income

186.71M

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	392,327,000	434,847,000	482,914,000	533,647,000	584,933,000	622,661,000	670,487,000	660,681,000	726,407,000	773,053,000
costOfRevenue	18,100,000	18,905,000	19,774,000	20,852,000	23,105,000	25,099,000	27,656,000	28,362,000	28,385,000	26,281,000
grossProfit	374,227,000	415,942,000	463,140,000	512,795,000	561,828,000	597,562,000	642,831,000	632,319,000	698,022,000	746,772,000
researchAndDevelopmentExpenses	--	--	--	--	--	--	--	--	--	--
sellingAndMarketingExpenses	--	--	--	--	--	--	--	--	--	--
generalAndAdministrativeExpenses	32,576,000	32,518,000	34,736,000	36,508,000	33,805,000	34,248,000	37,912,000	38,237,000	44,843,000	49,535,000
sellingGeneralAndAdministrativeExpenses	32,576,000	32,518,000	34,736,000	36,508,000	33,805,000	34,248,000	37,912,000	38,237,000	44,843,000	49,535,000
operatingExpenses	131,822,000	148,680,000	169,534,000	185,609,000	207,525,000	208,646,000	226,783,000	234,860,000	250,063,000	273,369,000
operatingIncome	239,248,000	266,246,000	288,655,000	309,069,000	337,503,000	424,762,000	416,780,000	374,489,000	449,096,000	482,537,000
totalOtherIncomeExpensesNet	-3,157,000	-2,407,000	-5,878,000	-18,680,000	-16,800,000	17,606,000	-117,172,000	-145,693,000	-158,986,000	-147,916,000
ebitda	343,144,000	383,781,000	428,513,000	476,457,000	528,345,000	565,124,000	608,031,000	594,499,000	653,395,000	697,386,000
depreciationAndAmortization	99,246,000	116,162,000	134,798,000	149,101,000	173,720,000	174,398,000	191,251,000	220,010,000	204,299,000	214,849,000
interestIncome	1,493,000	357,000	109,000	170,000	322,000	1,810,000	3,112,000	417,000	216,000	149,000
interestExpense	85,283,000	85,510,000	90,008,000	96,352,000	109,109,000	115,847,000	120,023,000	129,431,000	137,874,000	148,065,000
incomeBeforeTax	155,458,000	179,702,000	197,829,000	212,324,000	228,716,000	292,485,000	299,608,000	228,796,000	290,110,000	334,621,000
incomeTaxExpense	618,000	-75,000	10,318,000	27,182,000	36,655,000	-16,430,000	120,451,000	129,428,000	137,871,000	147,911,000
netIncome	160,145,000	190,601,000	197,836,000	239,500,000	264,973,000	292,447,000	179,157,000	99,368,000	152,239,000	186,710,000
eps	1.11	1.24	1.21	1.39	1.45	1.88	1.09	0.58	0.87	1.07
epsdiluted	1.1	1.24	1.2	1.38	1.45	1.87	1.09	0.58	0.87	1.07
weightedAverageShsOut	118,204,148	124,257,558	133,998,674	144,176,224	149,111,188	155,744,601	164,688,498	172,109,713	174,710,921	174,629,442
weightedAverageShsOutDil	119,864,824	124,710,226	134,489,416	144,660,633	149,432,641	156,295,619	165,083,679	172,217,077	174,818,899	174,738,903
costAndExpenses	149,922,000	167,585,000	189,308,000	206,461,000	230,630,000	233,745,000	254,439,000	263,222,000	278,448,000	299,650,000
otherExpenses	99,246,000	116,162,000	134,798,000	149,101,000	173,720,000	174,398,000	188,871,000	196,623,000	205,220,000	223,834,000

Key Facts

Industry

REIT—Retail

Sector

Real Estate

Headquarters

Orlando, FL, US

Website

nnnreit.com

CEO

Mr. Stephen A. Horn Jr.

Employees

About the Company

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2020, the company owned 3,114 properties in 48 states with a gross leasable area of approximately 32.4 million square feet and with a weighted average remaining lease term of 10.7 years.