NNN Stock Recent News

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.

REITs initially suffered due to rising interest rates but have since rebounded 25% on expectations of Fed rate cuts. Despite the positive outlook for the sector, REITs still face significant challenges. We discuss these challenges and share some of our top picks of the moment in the REIT sector.

-- Marks 35 th Consecutive Annual Dividend Increase -- ORLANDO, Fla. , July 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 August 15, 2024 to shareholders of record as of July 31, 2024.

Americans believe they need $1.46 million to retire comfortably, a 53% increase from 2020. Rising costs of living, inflation, and longer life expectancies are contributing to the perceived need for higher retirement savings. NNN REIT and EastGroup Properties are recommended as investment options for sustainable income and long-term financial success.