NNN REIT, Inc. (NNN)
| Market Cap | 8.24B |
| Revenue (ttm) | 867.02M |
| Net Income (ttm) | 394.95M |
| Shares Out | 187.53M |
| EPS (ttm) | 2.16 |
| PE Ratio | 20.33 |
| Forward PE | 22.04 |
| Dividend | $2.32 (5.28%) |
| Ex-Dividend Date | Oct 31, 2024 |
| Volume | 1,336,956 |
| Open | 43.12 |
| Previous Close | 43.43 |
| Day's Range | 43.08 - 44.05 |
| 52-Week Range | 38.88 - 49.57 |
| Beta | 1.09 |
| Analysts | Hold |
| Price Target | 46.17 (+5.12%) |
| Earnings Date | Oct 31, 2024 |
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 6 analysts, the average rating for NNN stock is "Hold." The 12-month stock price forecast is $46.17, which is an increase of 5.12% from the latest price.
News
NNN REIT: Portfolio Starting To Show Cracks?
I recommend NNN REIT, Inc. as a buy for long-term investors due to its attractive valuation, strong fundamentals, and double-digit upside potential. Despite current tenant issues, NNN's conservative p...
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Very Bad News For Blue-Chip Big Dividend REITs
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Buy The Dip: Big Dividend Growth Stocks Getting Way Too Cheap
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My Top 10 High Dividend Yield Companies For November 2024: 2 Yield More Than 8%
I will highlight 10 high dividend yield companies which, I believe, are worth considering investing in for November 2024. Each company could increase your portfolio's ability to generate dividend inco...
Rates Up, REITs Down! It's Opportunity Cost
The recent 75 basis point rise in the 10-year treasury yield has led to a significant selloff in net lease REITs. Despite strong earnings, REITs like O and ADC have seen stock price declines due to in...
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 ...
Big Dividend Blue-Chips: The More They Drop, The More I Buy
My investment strategy centers on buying undervalued blue-chip big-dividend growth stocks. Fortunately, several of these have dropped recently, offering compelling opportunities for dividend investors...
What Has Just Happened To NNN REIT? I'm In
The market wasn't satisfied with NNN's Q3 results, which resulted in a sell-off. However, I believe the results were solid and in line with management's expectations. One shouldn't expect high growth ...
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...
Wakeup Call - It's Time To Buy High-Yield Dividends
The market is experiencing robust earnings growth, low inflation, and solid GDP figures, leading many to feel bullish despite underlying economic challenges. While valuations are high, investors are b...
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?
NNN REIT has a strong dividend track record with 35 consecutive years of increases and a stable yield over 4.6%, but limited growth prospects. Despite excellent fundamentals, including 99%+ occupancy ...
NNN REIT: Next 6 Months Probably Not As Good As The Last 6 Months (Rating Downgrade)
We are changing our recommendation for NNN from a buy to a hold due to expected mean reversion in investment spreads. The current 117-basis points of investment spread will probably narrow as the sect...
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, ...
8 High Yields For A Big Dividend Snowball
Building a dividend snowball is a great way to compound wealth over the long term and achieve financial freedom. We discuss eight great candidates for building a big dividend snowball. These stocks co...
3 Boring Net Lease REITs That Help Me Sleep Well At Night
As the legendary investor John D. Rockefeller once said, 'Do you know the only thing that gives me pleasure? It's to see my dividends coming in?' NNN REIT boasts a 6.98% dividend yield, 34 consecutive...
Hurricane Helene: REIT Property Damage Report
Hurricane Helene caused significant flooding in Ashville, NC, and Atlanta, GA, impacting numerous REIT-owned properties, but the financial impact on REITs is likely less severe than it appears. REITs ...
Why NNN REIT Remains A Top Income Pick
NNN REIT offers a solid 4.8% dividend yield with a conservative 67% AFFO payout ratio and 35 years of consecutive dividend growth. NNN's strong balance sheet, diversified portfolio, and accretive acqu...
NNN REIT: Durable Dividend Yielder To Diversify Other Core Exposures
I have been bullish on NNN REIT since mid 2023, where since then it has produced ~ 20% in total returns. Now, looking at NNN we can see a compelling entry point in terms of the valuations relative to ...
3 Dividend Stocks To Buy And Hold Forever -- No Matter The Headlines
Despite knowing tomorrow's news, most traders lose money. Short-term trading is risky, making long-term dividend investing a better strategy. Reliable dividend stocks offer stability. They thrive desp...