ORLANDO, Fla., Aug. 1, 2024 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced its operating results for the quarter and six months ended June 30, 2024. Highlights include: Operating Results: Revenues and net earnings, FFO, Core FFO and AFFO and diluted per share amounts: | --- | --- | --- | --- | --- | |------------------------|---------------------------------|-----------------------------------------------|------------------------------------|----------| | | Quart ...

For those unfamiliar with NNN REIT (NYSE:NNN), it is a triple net lease REIT operating within the retail/service property sector that concentrates on single-tenant properties. As of March 2024, the Company owned 3 546 properties across 49 states leased to 385 tenants operating within 35 lines of trade. Regarding the type of agreements NNN signs, triple net leases are the most favourable contracts from the landlord's perspective as they involve the tenant in covering substantial costs related to operating an ...

Core Viewpoint - NNN REIT, Inc. and VICI Properties Inc. are highlighted as attractive investment opportunities for defensive investors, particularly in the context of economic uncertainty and potential recessions. Both companies exhibit strong fundamentals, stable income generation, and long-term growth potential. Group 1: NNN REIT, Inc. - NNN REIT, Inc. operates under a triple-net lease structure, which transfers most property-level expenses to tenants, providing stability and predictability in cash flows [4] - As of March 31, 2024, NNN's annual base rent is $831,010,000, with a weighted average remaining lease term of 10.0 years, indicating long-term stability [2][4] - The company has a conservative approach to debt, with an average maturity of 11.8 years, and approximately 35% of its bonds maturing in 2048 or later [18] - NNN has maintained a 34-year streak of annual dividend increases, demonstrating resilience during economic downturns [32] - The company is positioned as a defensive investment, having outperformed the S&P 500 during past recessions [14][6] Group 2: VICI Properties Inc. - VICI primarily invests in casino properties but is diversifying into non-casino real estate, with a focus on experiential sectors [22][30] - The company has a strong tenant base with an average lease term of 41.5 years, providing stability in cash flows [22] - VICI's AFFO guidance for 2024 is $2.235 per share, indicating a valuation of approximately 12.5x forward AFFO, which is lower than its historical valuation [22][27] - The company has initiated a "partner property growth fund," committing $700 million to tenants like The Venetian, which will drive rent growth [25] - VICI's business has expanded significantly over the past 2.5 years, with improved earnings, credit ratings, and dividends, despite a lower market valuation [27]

-- Marks 35th Consecutive Annual Dividend Increase -- Steve Horn, Chief Executive Officer, commented: "Maintaining a multi-year perspective has kept NNN in position to increase the annual dividend for the 35th consecutive year in 2024. A disciplined capital deployment strategy and a strong, flexible balance sheet have allowed NNN to continue this impressive track record of consistent growth." SOURCE NNN REIT, Inc. ORLANDO, Fla., July 15, 2024 /PRNewswire/ -- The Board of Directors of NNN REIT, Inc. (NYSE: N ...

I think there is potential for double-digit returns in the short term here because of the current price and the AFFO expectations. The yield is high enough that it creates a get-paid-to-wait situation. With low leverage, strong liquidity, and very low expenses, the risks are low enough to make NNN worthy of consideration for both dividend and value portfolios. Seeking Alpha However, after interest rates started rising, its performance has been more modest while the market has been anything but recently: VAL ...

National Retail Properties Inc. (NYSE:NNN) is a well-managed, well-diversified commercial real estate investment trust with long-term dividend growth potential. My Rating History National Retail Properties is a large owner of single-tenant, retail-focused real properties that are leased to tenants on a net-lease basis. As of March 31, 2024, National Retail Properties owned 3,546 properties across that country that were leased to more than 385 different tenants, Texas is by far the largest state in terms of ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------|--------------------------------------------------------|-------|---------|-------|-------|-------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

A woman shops in the frozen foods section of a supermarket. Vladimir Vladimirov/E+ via Getty Images As a dividend growth investor, I tend to look for companies with demonstrated track records of putting shareholders first. The most obvious way that a business can do this is to reliably grow its payout over time. As of the most recent data from the late Dave Fish's Champions, Contenders, and Challengers list, there were over 700 dividend stocks with at least five years of dividend growth. This investment uni ...

ORLANDO, Fla., May 21, 2024 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN) (the "Company"), a real estate investment trust, today announced that it has priced its public offering of $500,000,00 of 5.500% senior unsecured notes due 2034 (the "notes"). The notes were offered at 5.662% of the principal amount with a yield to maturity of 98.768%. Interest on the notes will be payable semi-annually on June 15 and December 15 of each year, commencing on December 15, 2024. The notes mature on June 15, 2034. The offeri ...

Core Insights - NNN REIT, Inc. has achieved 34 consecutive years of annual dividend increases, making it one of only three REITs to do so [5][6] - The company focuses on high-quality retail properties with long-term leases, owning 3,546 properties across 49 states, totaling approximately 36.1 million square feet of gross leasable area [2][4] - NNN REIT maintains a high occupancy rate of 99.4%, which is above its 25-year average of 98.1% [6] Company Strategy - The company's strategy emphasizes Core FFO (Funds From Operations) per share growth year-over-year, targeting mid-single digit growth to support dividend increases while keeping the payout ratio low [5][6] - NNN REIT's acquisition approach is long-term and relationship-based, partnering with large regional or national operators to enhance its portfolio [6] Financial Performance - In the previous year, NNN REIT invested $819.7 million in property investments, acquiring 165 properties [6]