NNN REIT(NNN)

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What Has Just Happened To NNN REIT? I'm In
Seeking Alpha· 2024-11-01 17:48
For those who don't know me yet - I'm a long-term-oriented investor who enjoys income-providing holdings. Blending my financial chops with the timeless wisdom of value investing (and love for steady income), I've built a rock-solid pillar in my financial foundation through dividend investing. I'mWelcome to Cash Flow Venue, where dividends do the heavy lifting! Blending my financial chops with the timeless wisdom of value investing (and love for steady income), I’ve built a rock-solid pillar in my financial ...
NNN REIT(NNN) - 2024 Q3 - Earnings Call Transcript
2024-10-31 18:21
NNN REIT, Inc. (NYSE:NNN) Q3 2024 Earnings Conference Call October 31, 2024 10:30 AM ET Company Participants Steve Horn - CEO Kevin Habicht - CFO Conference Call Participants Joshua Dennerlein - Bank of America Merrill Lynch Michael Goldsmith - UBS Maddie Fargis - Citi Linda Tsai - Jefferies Ronald Kamdem - Morgan Stanley R.J. Milligan - Raymond James John Massocca - B. Riley Securities Operator Greetings. Welcome to the NNN REIT Third Quarter 2024 Earnings Call. [Operator Instructions] Please note, this co ...
NNN REIT (NNN) Meets Q3 FFO Estimates
ZACKS· 2024-10-31 14:45
Core Viewpoint - NNN REIT reported quarterly funds from operations (FFO) of $0.84 per share, meeting the Zacks Consensus Estimate and showing an increase from $0.82 per share a year ago [1] Financial Performance - The company posted revenues of $218.16 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.70% and up from $204.86 million year-over-year [2] - NNN REIT has exceeded consensus revenue estimates four times over the last four quarters [2] Stock Performance and Outlook - NNN REIT shares have increased approximately 6.7% since the beginning of the year, while the S&P 500 has gained 21.9% [3] - The future performance of the stock will largely depend on management's commentary during the earnings call and the company's FFO outlook [3][4] Estimate Revisions - The current consensus FFO estimate for the upcoming quarter is $0.85 on revenues of $219.43 million, and for the current fiscal year, it is $3.36 on revenues of $867.53 million [7] - The estimate revisions trend for NNN REIT is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The REIT and Equity Trust - Other industry is currently in the top 24% of Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]
NNN REIT(NNN) - 2024 Q3 - Quarterly Report
2024-10-31 12:33
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission file number 001-11290 NNN REIT, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organiz ...
NNN REIT(NNN) - 2024 Q3 - Quarterly Results
2024-10-31 12:31
NEWS RELEASE For information contact: Kevin B. Habicht Chief Financial Officer (407) 265-7348 FOR IMMEDIATE RELEASE October 31, 2024 Third Quarter 2024 Operating Results Announced by NNN REIT, Inc. Orlando, Florida, October 31, 2024 – NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced its operating results for the quarter and nine months ended September 30, 2024. Highlights include: Operating Results: • Revenues and net earnings, FFO, Core FFO and AFFO and diluted per share amounts: ...
Third Quarter 2024 Operating Results Announced by NNN REIT, Inc.
Prnewswire· 2024-10-31 12:30
ORLANDO, Fla., Oct. 31, 2024 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced its operating results for the quarter and nine months ended September 30, 2024. Highlights include:Operating Results: Revenues and net earnings, FFO, Core FFO and AFFO and diluted per share amounts: Quarter EndedSeptember 30, Nine Months EndedSeptember 30, 2024 2023 2024 2023 (dollars in thousands, except per share data) Revenues $ 218,564 $ 205,132 ...
Meet the Newest Member of this Magnificent Group of Dividend Stocks
The Motley Fool· 2024-10-21 12:25
NNN REIT has achieved a rare milestone.NNN REIT (NNN 0.49%) flies under the radar of many investors. It doesn't have a flashy name -- the real estate investment trust (REIT) focuses on owning properties secured by triple net, or NNN, leases, hence the name. It's also not yet a member of the S&P 500 index due to its relatively smaller size. However, it has done something that should catch the attention of dividend investors. The retail REIT recently delivered its 35th consecutive annual dividend increase. Th ...
Common Dividend Declared by NNN REIT, Inc.
Prnewswire· 2024-10-15 12:30
ORLANDO, Fla., Oct. 15, 2024 /PRNewswire/ -- The Board of Directors of NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced a quarterly dividend of 58 cents per share payable November 15, 2024 to shareholders of record as of October 31, 2024. NNN is one of only three publicly traded REITs to have increased its annual dividend for 35 or more consecutive years. NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of June 30, 2024, t ...
NNN REIT: Where's The Margin Of Safety?
Seeking Alpha· 2024-10-14 15:24
It's interesting to see that Realty Income ( O ) and Agree Realty ( ADC ) get most of the attention on Seeking Alpha, although they don't have the overall best dividend track record. This article was co-produced with Wolf Report. Introducing iREIT® Join iREIT® on Alpha today to get the most in-depth research that includes REITs, mREIT, Preferreds, BDCs, MLPs, ETFs, Builders, and Asset Managers. Our iREIT® Tracker provides data on over 250 tickers with our quality scores, buy targets, and trim targets. We re ...
NNN REIT: Next 6 Months Probably Not As Good As The Last 6 Months (Rating Downgrade)
Seeking Alpha· 2024-10-11 02:58
We previously covered NNN REIT, Inc. (NYSE: NNN ) on April 4 th 2024 in which we put forward a buy recommendation on the stock. In this article we are changing our recommendation to a hold I am a CFA charterholder and a CIPM certificant. Professionally, I assist firms comply with the Global Investment Performance Standards (GIPS). The GIPS Standards has to do with how investment performance is calculated and presented by asset managers, pension funds, endowments and foundations. Previous to my current profe ...