• 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.
• NNN REIT average operating margin for 2021 was 59.21%, a 1.35% increase from 2020.

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.