NNN REIT, Inc. (NNN)
Market Cap | 7.57B |
Revenue (ttm) | 867.02M |
Net Income (ttm) | 394.95M |
Shares Out | 187.53M |
EPS (ttm) | 2.16 |
PE Ratio | 18.68 |
Forward PE | 20.29 |
Dividend | $2.32 (5.75%) |
Ex-Dividend Date | Oct 31, 2024 |
Volume | 1,494,086 |
Open | 40.22 |
Previous Close | 39.77 |
Day's Range | 40.11 - 41.10 |
52-Week Range | 38.88 - 49.57 |
Beta | 1.09 |
Analysts | Hold |
Price Target | 46.38 (+14.94%) |
Earnings Date | Feb 6, 2025 |
About NNN
NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2023, the company owned 3,532 properties in 49 states with a gross leasable area of approximately 36.0 million square feet and a weighted average remaining lease term of 10.1 years. NNN is one of only three publicly traded REITs to have increased annual dividends for 34 or more consecutive years. [Read more]
Financial Performance
In 2023, NNN REIT's revenue was $828.11 million, an increase of 7.12% compared to the previous year's $773.05 million. Earnings were $391.73 million, an increase of 17.25%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for NNN stock is "Hold." The 12-month stock price forecast is $46.38, which is an increase of 14.94% from the latest price.
News
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NNN REIT: Valuation Becomes More Tempting
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NNN REIT Is Downplaying Emerging Tenant Troubles
NNN REIT reported stable Q3 earnings, but the stock fell over 10% due to tenant issues, which management downplayed on the earnings call. NNN is likely to lose more than 2% of ABR as two tenants move ...
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What Has Just Happened To NNN REIT? I'm In
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NNN REIT, Inc. (NNN) Q3 2024 Earnings Call Transcript
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...
Third Quarter 2024 Operating Results Announced by NNN REIT, Inc.
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...
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Common Dividend Declared by NNN REIT, Inc.
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 N...
NNN REIT: Where's The Margin Of Safety?
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NNN REIT: Next 6 Months Probably Not As Good As The Last 6 Months (Rating Downgrade)
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NNN REIT: Collect A 5% Yield From This REIT Powerhouse
NNN REIT, Inc. is a well-managed REIT with a 99.3% lease rate, strong dividend coverage, and a history of dividend increases over 35 years. The trust's portfolio is diversified with long-term leases, ...
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