National Retail Price, Forecast, Insider, Ratings, Fundamentals & Signals

Orlando, fla. , may 1, 2024 /prnewswire/ -- nnn reit, inc. (nyse: nnn), a real estate investment trust, today announced its operating results for the quarter ended march 31, 2024.

Orlando, fla. , april 16, 2024 /prnewswire/ -- nnn reit, inc. (nyse: nnn), a real estate investment trust, today announced the amendment of its unsecured bank credit facility.

Orlando, fla. , april 15, 2024 /prnewswire/ -- the board of directors of nnn reit, inc. (nyse: nnn), a real estate investment trust, today announced a quarterly dividend of 56.5 cents per share payable may 15, 2024 to shareholders of record as of april 30, 2024.

Philadelphia--(business wire)--independence realty trust, inc. (nyse: irt) (“irt” or the “company”) today announced the appointment of craig macnab to its board of directors (the “board”), effective february 29, 2024. mr. macnab brings over 20 years of experience to irt's board after serving in various executive and board roles in the reit industry, including most recently as ceo of national retail properties, inc. (nyse: nnn) for 13 years. mr. macnab's appointment increases the size of irt's b.

Orlando, fla. , feb. 8, 2024 /prnewswire/ -- nnn reit, inc. (nyse: nnn), a real estate investment trust, today announced operating results for the quarter and year ended december 31, 2023.

NNN REIT offers stability and reliability for long-term investors seeking income, with consistent and steady growth in earnings and dividends. The REIT has shown the ability to grow through acquisitions, taking advantage of lower cost of capital and attractive spreads. NNN REIT has a lower payout ratio compared to its peers, indicating potential for higher dividend increases and reinvestment in the business.

With the summer months being traditionally weak for the stock market, astute investors should place bets on NNN REIT (NNN), Getty Realty (GTY) and Frontline (FRO) for steady income.

REITs do not just pay a high dividend yield. They also grow their dividend and appreciate in value over time. Here are three of my favorite dividend growth REITs to buy today.

While the top- and bottom-line numbers for NNN REIT (NNN) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

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 $0.82 per share a year ago.

The only viable way to afford retirement is through building a steady stream of passive income. NNN logged modest core FFO per share growth in 2023 and more growth should lie ahead. The REIT's BBB+ credit rating from S&P affords it opportunities to access capital on reasonably attractive terms.

NNN REIT Inc. has taken a hit on its valuation due to the current macroeconomic environment and high interest rates. NNN offers a 5%+ dividend yield with a conservative payout ratio. Despite the decline in stock price, NNN has a strong and well-diversified portfolio, good debt management, and an attractive valuation, making it a buy.

Inflation is rising, causing bond rates to increase and stock prices to fall. REITs, which are income-oriented and interest rate sensitive, are particularly affected. This creates a buying opportunity for high-quality REITs with long-term potential.

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The current spread between the cap rate of the Free Standing Retail subsector and the 10-year Treasury is only 233 basis points versus a historic average of 373 basis points. Despite this, NNN is able to achieve a 100 basis point investment spread over their cost of capital. In terms of equity, one measure suggests that it is available at a 76 basis point discount which translates to about an 8.6% discount to fair value.