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Side-by-side financial comparison of NNN REIT, INC. (NNN) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
NNN REIT, INC. is the larger business by last-quarter revenue ($240.4M vs $143.3M, roughly 1.7× Piedmont Realty Trust, Inc.). NNN REIT, INC. runs the higher net margin — 39.1% vs -31.4%, a 70.5% gap on every dollar of revenue. On growth, NNN REIT, INC. posted the faster year-over-year revenue change (4.1% vs 0.4%). Over the past eight quarters, NNN REIT, INC.'s revenue compounded faster (5.3% CAGR vs 0.0%).
NNN Reit, Inc. is a real estate investment trust that invests primarily in restaurant properties that are subject to long-term triple net leases, usually under leaseback arrangements. It is organized in Maryland with its principal office in Orlando, Florida.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
NNN vs PDM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $240.4M | $143.3M |
| Net Profit | $94.0M | $-45.0M |
| Gross Margin | — | — |
| Operating Margin | 61.0% | — |
| Net Margin | 39.1% | -31.4% |
| Revenue YoY | 4.1% | 0.4% |
| Net Profit YoY | -2.6% | -27.9% |
| EPS (diluted) | $0.50 | $-0.10 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $240.4M | $143.3M | ||
| Q4 25 | $238.4M | $142.9M | ||
| Q3 25 | $230.2M | $139.2M | ||
| Q2 25 | $226.8M | $140.3M | ||
| Q1 25 | $230.9M | $142.7M | ||
| Q4 24 | $218.5M | $143.2M | ||
| Q3 24 | $218.6M | $139.3M | ||
| Q2 24 | $216.8M | $143.3M |
| Q1 26 | $94.0M | $-45.0M | ||
| Q4 25 | $96.0M | $-43.2M | ||
| Q3 25 | $96.8M | $-13.5M | ||
| Q2 25 | $100.5M | $-16.8M | ||
| Q1 25 | $96.5M | $-10.1M | ||
| Q4 24 | $97.9M | $-30.0M | ||
| Q3 24 | $97.9M | $-11.5M | ||
| Q2 24 | $106.7M | $-9.8M |
| Q1 26 | 61.0% | — | ||
| Q4 25 | 62.3% | — | ||
| Q3 25 | 64.0% | — | ||
| Q2 25 | 66.0% | — | ||
| Q1 25 | 62.3% | — | ||
| Q4 24 | 65.8% | — | ||
| Q3 24 | 65.7% | — | ||
| Q2 24 | 70.2% | — |
| Q1 26 | 39.1% | -31.4% | ||
| Q4 25 | 40.2% | -30.3% | ||
| Q3 25 | 42.1% | -9.7% | ||
| Q2 25 | 44.3% | -12.0% | ||
| Q1 25 | 41.8% | -7.1% | ||
| Q4 24 | 44.8% | -20.9% | ||
| Q3 24 | 44.8% | -8.3% | ||
| Q2 24 | 49.2% | -6.8% |
| Q1 26 | $0.50 | $-0.10 | ||
| Q4 25 | $0.51 | $-0.34 | ||
| Q3 25 | $0.51 | $-0.11 | ||
| Q2 25 | $0.54 | $-0.14 | ||
| Q1 25 | $0.51 | $-0.08 | ||
| Q4 24 | $0.52 | $-0.25 | ||
| Q3 24 | $0.53 | $-0.09 | ||
| Q2 24 | $0.58 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.6M | $2.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.4B | $1.5B |
| Total Assets | $9.4B | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $4.6M | $2.3M | ||
| Q4 25 | $5.0M | $731.0K | ||
| Q3 25 | $157.9M | $3.0M | ||
| Q2 25 | $6.0M | $3.3M | ||
| Q1 25 | $5.1M | $2.9M | ||
| Q4 24 | $8.7M | $109.6M | ||
| Q3 24 | $173.5M | $133.6M | ||
| Q2 24 | $2.1M | $138.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B |
| Q1 26 | $4.4B | $1.5B | ||
| Q4 25 | $4.4B | $1.5B | ||
| Q3 25 | $4.4B | $1.5B | ||
| Q2 25 | $4.4B | $1.5B | ||
| Q1 25 | $4.4B | $1.6B | ||
| Q4 24 | $4.4B | $1.6B | ||
| Q3 24 | $4.4B | $1.6B | ||
| Q2 24 | $4.2B | $1.7B |
| Q1 26 | $9.4B | $4.0B | ||
| Q4 25 | $9.4B | $4.0B | ||
| Q3 25 | $9.5B | $4.0B | ||
| Q2 25 | $9.1B | $4.0B | ||
| Q1 25 | $9.0B | $4.0B | ||
| Q4 24 | $8.9B | $4.1B | ||
| Q3 24 | $8.9B | $4.1B | ||
| Q2 24 | $8.7B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.49× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.34× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
