MarketCap
Facebook
X
Telegram
National Retail Properties Income Statement 2025-2011 | NNN
Brief overview of revenue and earnings at National Retail Properties
The conclusions below are based on five years of reported results. According to figures from National Retail Properties, revenue changed from $661 million to $926 million over five years. Across the full period, sales moved by +40.2%; the average annual rate was 7%. The direction is positive, but the growth rate is not particularly high.
The five-year EBITDA result moved by +50.2%: from 571 million dollars to 858 million dollars. EBITDA expanded faster than the top line. EBITDA margin was 86.4% at the start and 92.6% at the end. A wider margin confirms stronger operating efficiency.
Net income changed from $229 million to $390 million (+70.4%). Net profitability strengthened faster than the top line.
The market value of the business moved from 6.5 billion dollars to 8.2 billion dollars, or +25.2%. Investors responded cautiously to the improvement in the business.
Summary assessment
Most key measures improved without a pronounced weak signal. The strongest signals are a larger revenue base, higher operating efficiency and net-income growth. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.
Annual Income Statement National Retail Properties
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
8.18 B | 7.4 B | 7.24 B | 8.22 B | 8.2 B | 6.53 B | 9.68 B | 8.12 B | 5.79 B | 6.14 B | 5.75 B | 5.32 B | 3.91 B | 3.41 B | 2.4 B |
Shares |
188 M | 184 M | 181 M | 176 M | 175 M | 172 M | 171 M | 156 M | 149 M | 144 M | 134 M | 124 M | 118 M | 107 M | 88.1 M |
Historical Prices |
43.6 | 40.3 | 40 | 46.6 | 46.9 | 38 | 47.4 | 41.2 | 34.9 | 34.3 | 29.9 | 28.1 | 20.7 | 20 | 16 |
Net Income |
390 M | 397 M | 392 M | 335 M | 290 M | 229 M | 299 M | 292 M | 265 M | 240 M | 198 M | 191 M | 160 M | 142 M | 92.3 M |
Revenue |
926 M | 869 M | 828 M | 773 M | 726 M | 661 M | 670 M | 623 M | 585 M | 534 M | 483 M | 435 M | 392 M | 351 M | 311 M |
Gross Profit |
- | - | - | - | - | - | 643 M | 598 M | 562 M | 513 M | 463 M | 416 M | 374 M | 334 M | 251 M |
Operating Income |
589 M | 578 M | 555 M | 483 M | 449 M | 374 M | 417 M | 425 M | 374 M | 336 M | 289 M | 266 M | 240 M | 203 M | 159 M |
Interest Expense |
204 M | 184 M | 164 M | 148 M | 138 M | 129 M | 120 M | 116 M | 109 M | 96.4 M | 90 M | 85.5 M | 85.8 M | 83.8 M | 75.5 M |
EBITDA |
858 M | 828 M | 794 M | 706 M | 654 M | 571 M | 605 M | 563 M | 528 M | 476 M | 428 M | 383 M | 342 M | 283 M | 222 M |
Operating Expenses |
385 M | 334 M | 320 M | 308 M | 300 M | 302 M | 227 M | 209 M | 208 M | 186 M | 170 M | 149 M | 132 M | 125 M | 86.9 M |
General and Administrative Expenses |
46.9 M | 44.3 M | 43.7 M | 41.7 M | 44.6 M | 38.2 M | 37.9 M | 34.2 M | 33.8 M | 36.5 M | 34.7 M | 32.5 M | 32.6 M | 32.2 M | - |
All numbers in USD currency
Quarterly Income Statement National Retail Properties
| 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
188 M | 187 M | 187 M | 188 M | 184 M | 182 M | 182 M | 182 M | 181 M | 181 M | 181 M | 181 M | 177 M | 175 M | 175 M | 176 M | 175 M | 175 M | 175 B | 175 M | 173 B | 171 M | 171 M | 172 M | 165 M | 162 M | 161 M | 162 M | 157 M | 154 M | 153 M | 154 M | 149 M | 148 M | 147 M | 147 M | 146 M | 143 M | 141 M | 141 M | 134 M | 133 M | 132 M | 132 M | 125 M | 122 M | 122 M | 122 M | 120 M | 118 M | 113 M | 112 M | 107 M | 106 M | 105 M | 105 M | 87.1 M | 84.4 M | 83.1 M |
Net Income |
96.8 M | 101 M | 96.5 M | - | 97.9 M | 107 M | 94.4 M | - | 107 M | 98.7 M | 90.2 M | - | 88.4 M | 74.2 M | 81.4 M | - | 82.9 M | 73 M | 56.6 M | - | 56.1 M | 46.3 M | 65.2 M | 73.8 M | 66.7 M | 78.7 M | 80 M | 36.6 M | 82 M | 70.6 M | 103 M | 72.2 M | 61.1 M | 58 M | 73.7 M | 66.1 M | 50.8 M | 51.9 M | 70.7 M | 42.5 M | 55.2 M | 46.2 M | 54 M | 53.8 M | 47.9 M | 45.6 M | 43.3 M | 44.2 M | 44.4 M | 37.5 M | 34.1 M | 40.7 M | 44.4 M | 37.5 M | 34.1 M | 27.6 M | 38 M | 33.5 M | 29.8 M |
Revenue |
230 M | 227 M | 231 M | - | 219 M | 217 M | 215 M | - | 205 M | 203 M | 204 M | - | 193 M | 191 M | 190 M | - | 180 M | 1.01 M | 580 K | - | 768 K | 222 K | 516 K | 174 M | 383 K | 196 K | 686 K | 161 M | 675 K | 365 K | 73 K | 150 M | 235 K | 108 K | 274 K | 141 M | 141 K | 301 K | 463 K | - | 345 K | 213 K | 163 K | - | 452 K | 543 K | 792 K | 104 M | 342 K | 371 K | 384 K | 89.1 M | 512 K | 594 K | 707 K | 73 M | 381 K | 543 K | 620 K |
Operating Income |
147 M | 150 M | 144 M | - | 144 M | 152 M | 138 M | - | 148 M | 139 M | 129 M | - | 125 M | 111 M | 118 M | - | 116 M | 106 M | 112 M | - | 87.9 M | 77.9 M | 115 M | - | 96.1 M | 108 M | 108 M | - | 109 M | 97.7 M | 130 M | - | 86.1 M | 82.6 M | 85.5 M | - | 70.6 M | 75 M | 77.5 M | - | 76.1 M | 67.4 M | 69.7 M | - | 67.4 M | 64.6 M | 62.5 M | - | 62.4 M | 59.7 M | 53.7 M | - | 51.4 M | 49.2 M | 47.6 M | - | 41.2 M | 38 M | 37.7 M |
Interest Expense |
53.4 M | 49.3 M | 47.7 M | - | 46.5 M | 46.6 M | 44.1 M | - | 41.5 M | 40.1 M | 38.9 M | - | 37 M | 36.7 M | 36.7 M | - | 33.5 M | 33.1 M | 34.6 M | - | 31.9 M | 31.8 M | 33.7 M | - | 29.9 M | 29.8 M | 30 M | - | 27.2 M | 27.1 M | 26.6 M | - | 28.2 M | 27.3 M | 26.6 M | - | 24.3 M | 24.1 M | 23.6 M | - | 22 M | 21.7 M | 21.8 M | - | 21.6 M | 21.8 M | 20.3 M | - | 20.1 M | 23.5 M | 22 M | - | 23 M | 19.6 M | 19.8 M | - | 20.1 M | 17.5 M | 17.7 M |
EBITDA |
215 M | 218 M | 208 M | - | 207 M | 215 M | 199 M | - | 207 M | 199 M | 188 M | - | 182 M | 168 M | 171 M | - | 268 M | 157 M | 162 M | - | 235 M | 176 M | 165 M | - | 237 M | 201 M | 154 M | - | 239 M | 185 M | 174 M | - | 216 M | 164 M | 126 M | - | 181 M | 146 M | 112 M | - | 176 M | 134 M | 102 M | - | 153 M | 121 M | 90.5 M | - | 135 M | 106 M | 77.5 M | - | 106 M | 86.6 M | 65.8 M | - | 84 M | 65.7 M | 51.3 M |
Operating Expenses |
95.5 M | 93.2 M | 90.8 M | - | 82.8 M | 82.2 M | 81.9 M | - | 77.5 M | 77.8 M | 81.4 M | - | 74 M | 80.7 M | 76.2 M | - | 73.4 M | 77.1 M | 71.6 M | - | 70.9 M | 86.5 M | 72.5 M | - | 74.5 M | 69.4 M | 66.1 M | - | 60.6 M | 62 M | 61.6 M | - | 61.6 M | 63 M | 55.9 M | - | 63.9 M | 55.9 M | 49.5 M | - | 47.1 M | 49.8 M | 46.5 M | - | 42.5 M | 41 M | 41.6 M | - | 38.4 M | 36.6 M | 38.8 M | - | 33 M | 32.3 M | 30 M | - | 26.2 M | 24.5 M | 23.9 M |
General and Administrative Expenses |
11.1 M | 11.2 M | 13 M | - | 11.2 M | 11.8 M | 12.6 M | - | 10.2 M | 10.7 M | 12.3 M | - | 10.1 M | 9.74 M | 11 M | - | 11.1 M | 11.9 M | 11.7 M | - | 9.42 M | 9.4 M | 10.1 M | - | 8.73 M | 9.28 M | 9.52 M | - | 8.54 M | 8.74 M | 8.7 M | - | 7.35 M | 8.82 M | 8.92 M | - | 9.12 M | 8.74 M | 9.25 M | - | 8.64 M | 7.83 M | 8.6 M | - | 8.05 M | 8.06 M | 8.71 M | - | 7.54 M | 9.41 M | 8.26 M | - | 8.65 M | 7.02 M | 7.6 M | - | 7.04 M | 6.57 M | 6.66 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company National Retail Properties (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
USA
