Co-authored by Treading Softly (1) Based on the annual base rent of $831,010,000, which is the annualized base rent for all leases in place as of March 31, 2024. (2) As of March 31, 2024, the weighted average remaining lease term is 10.0 years. (30) Square feet. Nikola Stojadinovic/E+ via Getty Images NNN REIT, Inc. (NNN) is a REIT that invests in real estate that utilizes the NNN or "triple-net" lease structure. NNN leases are leases that make most of the propertylevel expenses the tenant's responsibility. ...

-- 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 ...

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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]

Introduction NNN is a net lease REIT guided by a highly defensive business approach. It generally targets middle-market retail / service-oriented properties. peterschreiber.media/iStock via Getty Images Investment thesis NNN REIT (NYSE:NNN) has a fortress-like balance sheet, great business metrics, a highly defensive strategy reflected both in their financing and investment activities, as well as long-term and durable relationships with key partners that support its deal sourcing capabilities. The Company o ...

For the quarter ended March 2024, NNN REIT (NNN) reported revenue of $214.83 million, up 5.5% over the same period last year. EPS came in at $0.84, compared to $0.50 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $213.22 million, representing a surprise of +0.75%. The company delivered an EPS surprise of +1.20%, with the consensus EPS estimate being $0.83.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...