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NNN REIT offers a well-covered dividend with potential for growth, outperforming Realty Income in total returns over the past 5 years. W.P. Carey, despite a reduction in dividend, remains solid with strong fundamentals and potential for growth, offering an attractive entry point. Both NNN REIT and W.P. Carey trade at attractive valuations with strong upside potential and well-covered dividends for passive income investors.
Realty Income is the largest net lease REIT by a mile and offers a historically high yield today. NNN REIT's dividend streak is actually more impressive than that of Realty Income, and its yield is a full percentage point higher than the REIT average.
There has been a lack of broader market participation, leaving some areas of the market at better valuations than others. One of the areas that has been under particular pressure is the real estate/REIT space. These struggles are due to the higher rate environment, but income-investors with longer-term investment horizons may find some opportunities.
NNN REIT's dividend yield is attractive at 5.35%, there is more than adequate coverage, and it has been increasing distributions for 33 years. The portfolio is very widely diversified and net leases provide stable long-term income which makes the shares a good fit for dividend portfolios. Though there are some risks, the prospects outweigh them because of the currently low price NNN is trading at in relation to the AFFO expectations.
National Retail Properties is a well-managed, diversified REIT with long-term dividend growth potential. The trust has consistently raised its dividend for 34 years and is poised for another hike in the third quarter. National Retail Properties offers a higher margin of dividend safety compared to peers and has a solid track record of performance.
Agree Realty has a historically high 4.9% yield backed by a dividend that's growing quickly. Realty Income has a 5.9% yield backed by the largest net lease REIT in the market.
Real estate has been the cornerstone of human evolution, transforming from a basic necessity to a symbol of wealth and prosperity. Ownership of real estate can bring a flood of passive income into your portfolio. REITs offer the same potential, with lower barriers to entry and better diversification. We discuss two bargain REIT investments offering up to ~12% yields.
NEW YORK--(BUSINESS WIRE)--NNN Pro, the market leading net lease investment sales and advisory firm, announced the appointment of Salvatore Troia as Chief Financial Officer, effective immediately. In this role, Mr. Troia will be responsible for overseeing and managing all financial activities related to the operations of the business. Mr. Troia most recently served as Chief Financial Officer of Douglas Elliman Real Estate, a division of Douglas Elliman Inc (NYSE: DOUG), one of the largest resid.
NNN REIT is a net lease REIT focused on small properties leased to various tenants, making it resilient against retail trends. NNN has a 34-year track record of increasing dividends and is one of only five REITs with the Dividend Aristocrat title. The company has highly predictable cash flow, a stable balance sheet, and an aggressive acquisition strategy, making it an attractive investment option.
Few REITs can match the dividend growth track record of NNN REIT. The triple net lease REIT's revenue and core FFO per share grew during the first quarter. In late May, NNN utilized its investment-grade balance sheet to secure more debt at relatively low interest rates.