NNN REIT (MEX:NNN) Total Operating Expense: MXN5,977 Mil (TTM As of Mar. 2026)


MEX:NNN NNN REIT Inc MEX:NNN
83 GF Score
Price MXN839.10
GF Value MXN794.17
! 9 Warning Signs
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What is NNN REIT Total Operating Expense?

NNN REIT MEX:NNN 83 Total Operating Expense is MXN5,977 Mil as of Mar. 2026. GuruFocus rates MEX:NNN with a GF Score™ of 83/100 and a GF Value™ of MXN794.17. The stock has 9 warning signs investors should review.

NNN REIT's Total Operating Expense for the three months ended in Mar. 2026 was MXN1,541 Mil. NNN REIT's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was MXN5,977 Mil.

NNN REIT Total Operating Expense Related Terms

NNN REIT Total Operating Expense Historical Data

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The historical data trend for NNN REIT's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NNN REIT Total Operating Expense Chart

NNN REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,129.79 5,329.60 4,856.74 6,146.90 5,743.17

NNN REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,635.18 1,499.56 1,438.90 1,496.81 1,541.45
MEX:NNN
83GF Score
NNN REIT Inc MEX:NNN
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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NNN REIT Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN5,977 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of MXN5,977 Mil mean?
NNN REIT (MEX:NNN) has a Total Operating Expense of MXN5,977 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on NNN REIT and its competitors.
Is NNN REIT's Total Operating Expense too high?
NNN REIT's current Total Operating Expense is MXN5,977 Mil. Overall, NNN REIT has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does NNN REIT's Total Operating Expense compare to ADC and BRX?
NNN REIT's Total Operating Expense of MXN5,977 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a REITs company?
A good Total Operating Expense depends on the REITs industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on NNN REIT and its competitors. NNN REIT's current Total Operating Expense is MXN5,977 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NNN REIT stock overvalued right now?
NNN REIT (MEX:NNN) has a current Total Operating Expense of MXN5,977 Mil. The stock's GF Value™ is MXN794.17, compared to a current price of MXN839.10 — trading 5.7% above its estimated fair value. The current Total Operating Expense is MXN5,977 Mil. NNN REIT's overall GF Score™ is 83/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For NNN REIT (MEX:NNN), the current Total Operating Expense is MXN5,977 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NNN REIT (MEX:NNN) Overvalued in 2026?

Based on GuruFocus' analysis, NNN REIT stock appears to be overvalued. The current stock price of MXN839.10 is trading 5.7% above its estimated GF Value™ of MXN794.17.

Key valuation signals for MEX:NNN:

  • Total Operating Expense: MXN5,977 Mil
  • GF Value™: MXN794.17 vs. price of MXN839.10 (5.7% above fair value)
  • GF Score™: 83/100 with 9 warning signs

No single metric tells the full story. See the MEX:NNN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

NNN REIT Business Description

Industry Real EstateREITs
Other Exchanges NNN:USACZ2:Germany
Address 450 South Orange Avenue, Suite 900, Orlando, FL, USA, 32801
NNN REIT Inc is a real estate investment trust that acquires, owns, invests in, and develops high-quality properties mainly leased under long-term net leases with minimal capital expenditure requirements. The company focuses mainly on retail properties, with a portfolio including convenience stores, automotive service properties, restaurants, theatres, entertainment venues, dealerships, and other retail-related assets. Primary business objectives emphasize retail properties, and it may invest in a wide variety of property and tenant types, leases, mortgages, loans secured by personal property, loans secured by partnership or membership interests, and securities of other REITs or other issuers.
83GF Score

Get the complete analysis for MEX:NNN

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN839.10
Price
MXN794.17
GF Value