NNN Stock Recent News

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 other closest peers such as O, ADC and EPRT. However, peeling back the onion a bit, we will also identify some reasons why the discount could be justified.

NNN REIT has increased its dividend for 35 straight years. It shares many similarities with Realty Income.

NNN REIT offers a balanced portfolio with a 4.97% dividend yield, combining high-quality and speculative tenants, ensuring sustainable long-term returns. NNN's diversified tenant mix and high occupancy rate (99.3%) provide stability, with a 35-year history of consecutive dividend increases. Despite sector risks, NNN's relationship-based acquisitions and solid capital allocation support a sustainable shareholder value generation.

NNN REIT has a 35-year history of annual dividend increases and maintains one of the most conservative payout ratios in the net lease sector. NNN's business model focuses on sale leaseback and development opportunities, ensuring repeat business with familiar clients and a streamlined leasing processes. Despite trading at a discount, NNN's conservative dividend payout and high quality assets provide value beyond what the market sees.

NNN REIT has increased its dividend for 35 straight years. The real estate investment trust has a very durable portfolio of net leased retail properties.

NNN REIT offers exposure to a diverse tenant portfolio that has maintained a high occupancy rating over the last two decades. The current dividend yield sits at 5% and offers a large margin of safety with FFO covering the dividend by 143%. NNN's recent earnings report shows strong FFO and continued investments in new properties to grow their overall portfolio and annualized base rent.

NNN REIT, Inc. (NYSE:NNN ) Q2 2024 Earnings Conference Call August 1, 2024 10:30 AM ET Company Participants Steve Horn - Chief Executive Officer Kevin Habicht - Chief Financial Officer Conference Call Participants Spenser Allaway - Green Street Farrell Granath - Bank of America Kathryn Graves - UBS John Massocca - B. Riley Ronald Kamdem - Morgan Stanley Operator Greetings, and welcome to NNN REIT Inc. Second Quarter 2024 Earnings Call.

NNN REIT (NNN) came out with quarterly funds from operations (FFO) of $0.84 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to FFO of $0.80 per share a year ago.

ORLANDO, Fla. , Aug. 1, 2024 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced its operating results for the quarter and six months ended June 30, 2024.

NNN is a triple net lease REIT with 3,546 properties leased to 385 tenants across 49 states. Its close peers, ADC and EPRT released solid Q2 2024 results, which make me optimistic about the upcoming release of NNN. I expect more investment activity, upheld / slightly improved business metrics, positive investment spreads, and a continually strong balance sheet.