
NNN REIT stock has a strong track record of providing safe and stable income to investors.
The company has a long history of paying consistent dividends, with a current yield of around 4.5%.
This is due in part to the company's diversified portfolio of high-quality commercial properties.
One of the key benefits of NNN REIT stock is its ability to provide a steady stream of income through rent payments from its tenants.
NNN REIT's focus on triple-net lease properties, which require tenants to pay for maintenance and other expenses, helps to reduce the company's operational costs and increase its cash flow.
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Earnings and Dividends
National Retail Properties Inc has a history of raising its dividend in all sorts of environments, including the last 4 recessions.
This reliable track record makes it a great option for investors seeking safe income.
The company's ability to increase its dividend payouts even during tough economic times is a testament to its financial stability and strong management.
National Retail Properties Q2 2021 Earnings Call Transcript

NNN's earnings call for the period ending June 30, 2021, is a crucial document that investors should review.
NNN's revenue for 2021 was $0.869B, which is a significant figure for the company.
NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. This business model has been successful for the company, with a market cap of $7.864B.
NNN's stock price has fluctuated over the years, with a 52-week high of $49.57 and a 52-week low of $37.55. The average stock price for the last 52 weeks is $43.28.
Here's a breakdown of NNN's stock price history:
NNN's all-time high stock closing price was $48.71 on October 16, 2024, which is a significant milestone for the company.
National Retail Properties Q1 2021 Earnings Call Transcript
NNN's Q1 2021 earnings call was for the period ending March 31, 2021.
The company primarily invests in high-quality retail properties subject to long-term, net leases.

NNN REIT, Inc. has announced a 2.7% increase in its quarterly dividend to 58 cents per share, payable on August 15, 2024, to shareholders of record as of July 31, 2024.
As of March 31, 2024, NNN REIT owned 3,546 properties across 49 states, with a gross leasable area of approximately 36.1 million square feet and a weighted average remaining lease term of 10.0 years.
NNN REIT has a disciplined capital deployment strategy and a strong, flexible balance sheet, attributed to CEO Steve Horn.
The company primarily invests in high-quality retail properties subject to long-term, net leases.
NNN REIT owned 3,546 properties across 49 states with a gross leasable area of approximately 36.1 million square feet and an average remaining lease term of 10 years as of March 31, 2024.
NNN REIT announced the pricing of its public offering of $500 million of 5.500% senior unsecured notes due 2034 on May 21, 2024.
The notes will have semi-annual interest payments starting on December 15, 2024, maturing on June 15, 2034.
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Want Safe Income? This Stock Raised Dividends in 4 Recessions
If you're looking for a stock that can provide safe income, look no further than NNN REIT. This retail real estate investment trust has a proven track record of raising its dividend in all sorts of environments, including recessions.
NNN REIT has increased its payouts in all sorts of environments, making it a reliable choice for investors seeking consistent income. The company has a long history of steady dividend growth, with a streak of 35 consecutive years of annual dividend increases.
One of the reasons NNN REIT is able to maintain its dividend is its focus on high-quality retail properties with long-term, net leases. This approach provides a stable source of income for the company, allowing it to continue paying out dividends to its shareholders.
As of September 30, 2024, NNN REIT's portfolio comprises 3,549 properties across 49 states, with approximately 36.6 million square feet of gross leasable area. The company's properties maintain a weighted average remaining lease term of 10.0 years, providing a long-term source of income.
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NNN REIT's consistent dividend growth has earned it a spot among the dividend-paying elite. The company's quarterly dividend of 58 cents per share, payable on February 14, 2025, to shareholders of record as of January 31, 2025, is just one example of its commitment to providing safe and reliable income to its investors.
With a strong, flexible balance sheet and a disciplined capital deployment strategy, NNN REIT is well-positioned to continue its streak of annual dividend increases. In fact, the company has already announced a 2.7% increase in its quarterly dividend to 58 cents per share, payable on August 15, 2024, to shareholders of record as of July 31, 2024.
NNN REIT's ability to adapt to changing market conditions has allowed it to maintain its dividend even during recessions. In fact, the company has raised its dividend in four recessions, making it a reliable choice for investors seeking safe income.
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Investment and Risk
Debt is not well covered by operating cash flow, which can be a major concern for investors. This means that nnn REIT stock may struggle to pay off its debts, making it a riskier investment.
Investors should be aware that a company's ability to generate operating cash flow is crucial in determining its debt repayment capacity.
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Price Volatility
NNN's price volatility is worth considering when evaluating the stock. NNN's average weekly movement is 2.9%, which is the same as the retail REITs industry average movement. This suggests that NNN's price is not unusually volatile compared to its peers.
To put this into perspective, the market average movement is 6.4%, which is significantly higher than NNN's average weekly movement. This means that NNN's price is relatively stable compared to the broader market.
NNN's weekly volatility has also been stable over the past year, with a 3% weekly movement. This is a good sign for investors who are looking for a relatively stable investment.
Here's a comparison of NNN's volatility with other stocks in the US market:
Tenant Credit Challenges Impact Future Revenue Stability
Tenant credit challenges can significantly impact future revenue stability. A poor credit history can lead to a higher risk of non-payment, resulting in lost revenue and potential financial losses.
In fact, a study found that tenants with poor credit are 2.5 times more likely to default on rent payments. This highlights the importance of thoroughly screening potential tenants before signing a lease.
A credit score of 600 or below is often considered a warning sign for potential credit challenges. This can indicate a history of missed payments or other financial difficulties that may impact their ability to pay rent on time.
Rental properties with a high concentration of tenants with poor credit may experience increased vacancy rates, making it harder to fill units and maintain revenue stability.
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Liquidity Ratio
The liquidity ratio is a crucial aspect of a company's financial health. It measures a company's ability to pay its short-term debts.
A current ratio of 1.86 indicates that for every dollar of short-term debt, the company has 1.86 dollars in current assets. This is a good sign, as it suggests the company can meet its short-term obligations.
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The quick ratio, also 1.86, is similar to the current ratio but excludes inventory. This means the company's liquid assets, such as cash and accounts receivable, can cover its short-term debts.
However, the cash ratio of 0.29 is lower than the current and quick ratios. This indicates the company may not have enough cash on hand to meet its short-term obligations.
Days Sales Outstanding (DSO) of 1.26 days is a reasonable time frame for a company to collect its accounts receivable. A lower DSO would indicate faster collection, while a higher DSO would suggest slower collection.
Dividends and Share Buyback
NNN REIT is known for its consistent dividend payments, with a quarterly dividend of 58 cents per share. This is a testament to the company's financial stability and commitment to rewarding its shareholders.
The dividend yield for NNN REIT is 5.41%, which is a relatively high rate compared to other investments. This means that for every dollar invested in NNN REIT, you can expect to earn around 5.41 cents in dividend payments each year.
NNN REIT has a 3-year dividend growth rate of 2.9%, indicating a steady increase in dividend payments over time. This is a positive sign for investors looking for a reliable source of income.
Here's a summary of NNN REIT's dividend and buyback information:
Shareholder Returns
Shareholder Returns can be a crucial aspect of investing in a company like NNN. NNN's 7-day returns came in at -0.8%.
NNN's 1-year returns were -3.5%, which is a significant underperformance compared to the US Retail REITs industry, which returned 12.7% over the same period. This means that if you invested $100 in NNN a year ago, you'd have lost money, while the average US Retail REIT investment would have gained 12.7% over the same timeframe.
NNN's underperformance is even more pronounced when compared to the broader US Market, which returned 22.6% over the past year. This highlights the importance of considering multiple factors when evaluating a company's performance.
Here's a summary of NNN's returns compared to its industry and the US Market:
As you can see, NNN's returns are lagging behind both its industry and the broader market. It's essential to keep this in mind when considering a potential investment in the company.
Increased Common Declared
NNN REIT has declared a quarterly dividend of 58 cents per share, payable on various dates. This dividend is part of the company's long history of consistent dividend growth.
The company has increased its annual dividend for 35 or more consecutive years, a notable achievement in the real estate investment trust (REIT) industry. NNN REIT is one of only three publicly traded REITs to have achieved this milestone.
As of March 31, 2024, NNN REIT owned 3,546 properties across 49 states, with a gross leasable area of approximately 36.1 million square feet. The company's properties have a weighted average remaining lease term of 10.0 years.
NNN REIT has a disciplined capital deployment strategy and a strong, flexible balance sheet, according to CEO Steve Horn. This has allowed the company to consistently increase its dividend over the years.
The company primarily invests in high-quality retail properties subject to long-term, net leases. This investment strategy has contributed to NNN REIT's success in increasing its dividend for so many consecutive years.
In May 2024, NNN REIT announced the pricing of its public offering of $500 million of 5.500% senior unsecured notes due 2034. The notes will have semi-annual interest payments starting on December 15, 2024, maturing on June 15, 2034.
Buy Back
Share buybacks can be a powerful tool for companies looking to return value to shareholders. The 3-Year Average Share Buyback Ratio for this company is -2.2, which means they've actually been increasing the number of shares outstanding over the past three years.
A negative buyback ratio can be a red flag, indicating that the company is not prioritizing returning value to shareholders. Shareholder Yield % is also a concern, coming in at just 0.01%.
In contrast, a strong dividend program can provide a more consistent return to investors. The 3-Year Dividend Growth Rate for this company is 2.9%, which is a decent rate of growth.
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Valuation and Growth
nnn REIT's stock valuation is a key consideration for investors, with a price-to-earnings (P/E) ratio of 20.7, slightly lower than the industry average.
The company's focus on acquiring and managing high-quality net-lease properties has driven steady revenue growth, with a 5-year CAGR of 10.8%.
nnn REIT's diversified portfolio of 1,100 properties across 48 states has contributed to its stable cash flows and ability to weather economic downturns.
Key Statistics
The key to understanding a company's valuation and growth lies in its financial statistics. Revenue(TTM) is a crucial metric, coming in at $869.266 million.
This significant revenue number can be influenced by various factors, such as market trends and company performance. For example, a 3-Year Sharpe Ratio of -0.28 suggests that the company's returns have been below average, indicating potential volatility.
EPS(TTM) of $2.15 indicates a decent profit margin, which is essential for a company's long-term growth. The Beta of 0.87 suggests that the company's stock price is moderately correlated with the overall market.
A Volatility of 17.22% indicates that the company's stock price can be quite unpredictable. The 14-Day RSI of 61.27 suggests that the stock is currently in a neutral state, not overly bullish or bearish.
The 20-Day SMA of $40.2925 provides a clear picture of the company's recent price trend. The 52-Week Range of $37.55 - $49.57 indicates that the stock price has fluctuated significantly over the past year.
Here's a quick snapshot of the company's key statistics:
These statistics offer valuable insights into the company's financial performance and growth potential.
If You Like Realty Income's Growth, Love This Stock
If you like Realty Income's steady growth, you'll love NNN REIT, which has one of the longest dividend growth streaks in the REIT sector.
NNN REIT has a remarkable track record of steady growth, with its stock price increasing by 284.29% since its IPO. This is a testament to the company's solid financials and its ability to consistently deliver value to its shareholders.
Over the past year, NNN REIT's 1-year return was -3.46%, which is lower than the US market's 22.6% return. However, it's essential to consider the long-term perspective, as NNN REIT's 5-year annualized return was -1.32%, but its 5-year change was still a respectable -30.71%.
Here's a comparison of NNN REIT's performance with the S&P:
As you can see, NNN REIT has a more modest growth rate compared to the S&P, but its dividend growth streak and consistent financial performance make it an attractive option for investors seeking steady returns.
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GF Value Rank
The GF Value Rank is a crucial metric in evaluating a company's valuation and growth prospects. It's calculated by comparing the company's current price to its intrinsic value, which is estimated using various valuation models.
The GF Value Rank is a percentile rank that indicates how cheap or expensive a stock is compared to its peers. A lower GF Value Rank indicates that the stock is undervalued, while a higher rank suggests it's overvalued.
Let's take a closer look at the GF Value Rank of a specific stock. According to the data, the current GF Value Rank is 0.92, which is relatively low compared to its peers. This suggests that the stock is undervalued.
Here's a comparison of the GF Value Rank with other valuation metrics:
As we can see, the GF Value Rank is significantly lower than the PE Ratio, EV-to-EBIT, and EV-to-EBITDA. This indicates that the stock is undervalued compared to its peers.
REIT's 5.7% Yield Explained
NNN REIT's portfolio is defensive, which means it's less likely to be affected by market fluctuations.
This defensive nature gives investors confidence in the company's ability to maintain its dividend payout.
NNN REIT's dividend is well covered, meaning it has a strong foundation to support the 5.7% yield.
The company's earnings call for the period ending September 30, 2021, is a testament to its financial stability.
This stability is a key factor in NNN REIT's ability to offer a relatively high dividend yield compared to other stocks.
Recommendations
NNN REIT is a great option to consider for your investment portfolio. NNN REIT is as consistent and durable as they come.
If you're looking for a reliable dividend payer, NNN REIT is worth a closer look.
Frequently Asked Questions
What does nnn stock invest in?
NNN REIT invests primarily in high-quality retail properties with long-term leases, owning over 3,500 properties across the US. Their portfolio spans 36 million square feet of retail space, with leases averaging 10 years in length.
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