Core Viewpoint - NNN REIT, Inc. announced that 95.3188% of the dividends paid to common shareholders in 2025 are classified as taxable distributions for federal income tax purposes, with a total dividend of $2.36 per share, marking the company's 36th consecutive annual increase in dividends [1][2]. Dividend Tax Classification - In 2025, 95.3188% of the total dividends were ordinary dividends, while 4.6812% were non-taxable distributions [2]. - The total dividend per share was $2.36, with ordinary dividends amounting to $2.249524 and non-taxable distributions at $0.110476 [2]. Company Performance and Strategy - The company has demonstrated consistent dividend growth through various economic cycles, reflecting its disciplined investment strategy and prudent balance sheet management [2]. - NNN REIT owns 3,697 properties across 50 states, with a gross leasable area of approximately 39.2 million square feet and a weighted average remaining lease term of 10.1 years as of September 30, 2025 [3].

Core Insights - REITs are often overlooked as investments despite their potential, creating opportunities for investors [1] - The current environment features income-producing real estate companies offering yields around 5% backed by tangible assets and inflation-indexed leases [2] - Interest rates are projected to decline by 2026, alleviating previous headwinds for REITs and allowing for growth in rents and distributions [3] Group 1: REIT Advantages - REITs are required to distribute 90% of taxable income to shareholders, ensuring consistent cash payouts and elevated yields [4] - Many REIT leases include rent escalators tied to CPI, providing built-in inflation protection for investors [5] Group 2: Company Highlights - Vici Properties focuses on gaming and experiential real estate, currently yielding 6.53% with a $1.80 annual dividend and a 4.13% growth rate over the past eight years [6][7] - NNN REIT has raised its dividend for 37 consecutive years, yielding 5.93% with a $2.40 annual dividend and a diversified tenant base across necessity-based retail [9][12] - Realty Income Corporation offers a monthly dividend yield of 5.65% with a $3.24 annual distribution, having increased dividends for 22 consecutive years [13][14][15] - Simon Property Group operates premium malls and outlet centers, currently yielding around 4.78% with an $8.80 annual dividend and a 5.56% growth rate [16][17][18]

Core Viewpoint - NNN REIT, Inc. is set to release its fourth quarter 2025 financial results on February 11, 2026, and will host a conference call to discuss these results [1][2]. Company Overview - NNN REIT invests in high-quality properties generally under long-term net leases, requiring minimal ongoing capital expenditures [3]. - As of September 30, 2025, the company owned 3,697 properties across 50 states, with a gross leasable area of approximately 39.2 million square feet and a weighted average remaining lease term of 10.1 years [3]. - NNN REIT is one of only three publicly traded real estate investment trusts that have increased annual dividends for 36 or more consecutive years [3].

Core Insights - NNN REIT (NNN) provides an attractive yield with a nearly 6% dividend yield and has a history of over 35 years of steady dividend growth [3] Group 1: Company Overview - NNN REIT is recognized for its reliable dividend growth, appealing to investors seeking stable income [3] - The company has maintained a strong performance in the real estate investment trust sector, focusing on long-term wealth creation [2] Group 2: Investment Strategy - The Cash Builder Opportunities service emphasizes high-quality dividend growth investments and options writing to enhance income for investors [2][3] - The leader of Cash Builder Opportunities has 14 years of investing experience, focusing on closed-end funds and dividend growth stocks [3]

Core Insights - The "High Income DIY Portfolios" service aims to provide high income with low risk and capital preservation for DIY investors, particularly targeting income investors such as retirees [1] - The service offers a total of 10 model portfolios, including various strategies for income generation and risk management, with a focus on sustainable yields [2] Group 1: Portfolio Strategies - The service includes seven portfolios: three buy-and-hold, three rotational portfolios, and a conservative NPP strategy portfolio designed for low drawdowns and high growth [1] - The investment approach emphasizes dividend-growing stocks and aims for a 30% reduction in drawdowns while targeting a 6% current income [2] Group 2: Additional Features - The service provides buy and sell alerts, live chat, and strategies for portfolio management and asset allocation to help investors achieve stable, long-term passive income [2]

Core Insights - NNN REIT, Inc. is recognized among the Best Stocks for Dividend Achievers, indicating strong performance in dividend payments [1] Group 1: Market Performance and Analyst Insights - Evercore ISI has reduced its price target for NNN REIT from $44 to $43 while maintaining an In Line rating, reflecting mixed signals from the NAREIT conference [2] - The NAREIT conference revealed improving sentiment in the REIT market, particularly in the office and industrial segments, while residential and storage sectors continue to face challenges [2] Group 2: Financial Performance - NNN REIT reported a robust third quarter, closing 20 transactions covering 57 assets for a total of $283 million, demonstrating disciplined execution amid uneven market conditions [3] - The company has a total liquidity of $1.4 billion and an average debt maturity of nearly 11 years, providing significant balance sheet flexibility [3] Group 3: Strategic Outlook - NNN REIT has raised its acquisition outlook to between $850 million and $950 million, with a midpoint of $900 million, which would represent the highest annual investment volume in its history [4] - The disposition outlook has also been increased by $50 million, now ranging from $170 million to $200 million, and bad debt assumptions have been revised down to 25 basis points from 60 basis points earlier in the year [4] Group 4: Company Profile - NNN REIT operates as a net lease real estate investment trust, primarily focusing on restaurant properties under long-term triple-net leases, which supports stable cash flows across market cycles [5]

Group 1 - The company invests significant resources, including thousands of hours and over $100,000 annually, to identify profitable investment opportunities, resulting in over 500 five-star reviews from satisfied members [1] - The company has recently released its Top Picks for 2026, offering new members a promotional discount of $100 along with a 30-day money-back guarantee [1] Group 2 - Jussi Askola, the President of Leonberg Capital, leads the investment group High Yield Landlord, which focuses on REIT investing and provides real-time portfolio updates and buy/sell alerts [2] - The group features three distinct portfolios: core, retirement, and international, along with a chat room for direct interaction with Jussi and his team of analysts [2]

Core Viewpoint - NNN REIT, Inc. has successfully closed a $300 million senior unsecured delayed draw term loan facility, enhancing its financial flexibility and supporting its long-term growth strategy [1][2]. Group 1: Term Loan Details - The term loan features a six-month delayed draw and an accordion option to increase the total facility size to $500 million [1]. - The loan matures on February 15, 2029, with two one-year extension options, and no funds have been drawn to date [1]. - The applicable margin on the term loan is 0.85% based on NNN's current credit ratings [1]. Group 2: Financial Strategy - The proceeds from the term loan are expected to be used for general corporate purposes [1]. - NNN has entered into forward starting swaps totaling $200 million, fixing SOFR at 3.22% through January 15, 2029, in anticipation of the term loan [2]. Group 3: Credit Facility Amendments - NNN amended its existing $1.2 billion senior unsecured revolving credit facility to remove the 10-basis point SOFR credit spread adjustment [3]. Group 4: Banking Partners - Wells Fargo Securities, LLC and BofA Securities, Inc. acted as Joint Lead Arrangers and Joint Bookrunners, with Wells Fargo Bank serving as the Administrative Agent [3]. - Truist Securities, Inc., PNC Capital Markets LLC, U.S. Bank National Association, Royal Bank of Canada, and TD Bank, N.A. also participated in the transaction as Joint Lead Arrangers [4]. Group 5: Company Overview - NNN REIT invests in high-quality properties under long-term net leases with minimal ongoing capital expenditures [5]. - As of September 30, 2025, the company owned 3,697 properties across 50 states, with a gross leasable area of approximately 39.2 million square feet and a weighted average remaining lease term of 10.1 years [5].

Group 1 - The article discusses the trend of investors rotating towards value stocks to de-risk their growth portfolios, particularly in the context of consumer staples stocks like Conagra [2] - iREIT+HOYA Capital focuses on income-producing asset classes, aiming to provide sustainable portfolio income, diversification, and inflation hedging [1][2] - The investment group offers research on various asset classes including REITs, ETFs, closed-end funds, preferreds, and dividend champions, targeting dividend yields up to 10% [2] Group 2 - The article emphasizes the importance of defensive stocks for medium- to long-term investment horizons, catering to investors seeking high-yield and dividend growth opportunities [2] - iREIT+HOYA Capital provides a free two-week trial for potential investors to explore their income-focused portfolios [1]

Core Insights - The article emphasizes the importance of identifying stocks with consistent dividend growth for long-term investment strategies [1] Group 1: Investment Strategy - The focus is on dividend growth investing as a means to achieve financial independence [1] - The author shares personal experiences and insights gained from documenting their investment journey [1] Group 2: Analyst Background - The author has been involved in dividend investing since 2009 and has been actively investing since 2017 [1] - The article serves as a platform for the author to express opinions on dividend growth stocks and growth stocks [1]