NNN REIT: Strong Dividend Income But Limited Growth Potential (Rating Downgrade)
NNN REIT's portfolio stability is strong, but growth potential is limited due to a high percentage of non-investment grade tenants vulnerable to consumer spending shifts. NNN's valuation is attractive and trades at an attractive price to AFFO ratio, but better-constructed REITs like Agree Realty have outperformed due to higher quality tenant portfolios. The dividend of 5.7% is well-supported by current earnings, and there is a possibility of future dividend increases.
NNN REIT: A Luxurious Dip Has Emerged
NNN REIT has declined abruptly in the past month, largely due to systematic factors. Despite its recent underperformance, we believe NNN is undervalued and presents a buy-the-dip opportunity ahead of 2025. Higher yields and political uncertainty have pressured REITs, but we think the market has overreacted to these factors.
Better Dividend Stock: NNN REIT vs. Realty Income
Realty Income (O 0.36%) and NNN REIT (NNN 0.43%) are elite dividend stocks. The real estate investment trusts (REITs) have each increased their dividends for at least the last 30 years.
NNN REIT: Valuation Becomes More Tempting
NNN REIT faces pressure from rising Treasury yields and tenant issues but remains optimistic about resolving challenges with tenants like Frisch's and Conn's. Despite relatively lower-quality tenants, NNN maintains strong occupancy rates and has a 35-year streak of dividend increases, with a current yield of 5.5%. NNN's valuation is attractive, trading below its historical P/AFFO range, making it appealing despite higher risk-free rates and tenant issues.
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 payout ratio and robust balance sheet ensure dividend safety and provide flexibility to navigate future challenges. NNN's recent earnings beat expectations, with strong occupancy rates and strategic acquisitions, highlighting its potential for stable income and growth.
My 2 Top Dividend Growth Gems
Cash in on the American Dream of property ownership with REITs. REITs provide reliable dividends and inflation protection from a diversified property base. We discuss two gems with over three decades of steady dividend growth for shareholders.
Very Bad News For Blue-Chip Big Dividend REITs
Blue-chip REITs rallied hard between early July and late October. However, they have recently pulled back. We discuss why, and we also share our top REIT pick of the moment.
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 to cash accounting, making the replacement of these rents critically important. Today, we explore NNN's business model and why the company could be downplaying these emerging issues.
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 with NNN, as its uniquely defensive capital allocation strategy has a different approach.
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 of America Merrill Lynch Michael Goldsmith - UBS Maddie Fargis - Citi Linda Tsai - Jefferies Ronald Kamdem - Morgan Stanley R.J. Milligan - Raymond James John Massocca - B.
NNN REIT (NNN) Meets Q3 FFO Estimates
NNN REIT (NNN) came out with quarterly funds from operations (FFO) of $0.84 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.82 per share a year ago.
Buy These 3 High-Yield Dividend Stocks Today and Sleep Soundly for a Decade
If you are looking for reliable income, these net lease REITs are each designed to let you sleep well at night.
