• NNN REIT average operating margin for 2024 was 66.96%, a 2.2% decline from 2023.
• NNN REIT average operating margin for 2023 was 65.52%, a 6.16% increase from 2022.
• NNN REIT average operating margin for 2022 was 61.72%, a 4.24% increase from 2021.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.