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.
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.
NNN REIT has a fortress-like balance sheet, strong business metrics, and a defensive strategy, making it a safe harbor for stability-seeking investors. The Company offers an attractive, well-covered dividend and is undervalued compared to its peers. Despite modest growth prospects, NNN has a great risk-to-reward ratio and the potential for double-digit total returns.