National Retail PropertiesNYSE: NNN

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.

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.

ORLANDO, Fla. , May 21, 2024 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN) (the "Company"), a real estate investment trust, today announced that it has priced its public offering of $500,000,00 of 5.500% senior unsecured notes due 2034 (the "notes").

NNN REIT has a strong balance sheet, solid business metrics, and a defensive strategy, making it a safe option for investors seeking stability. The Company provides a well-covered dividend and is undervalued compared to similar companies. While growth prospects are moderate, NNN offers a good risk-to-reward ratio and the potential for double-digit total returns.

Although the financial results of NNN REIT (NNN) for the quarter ending in March 2024 provide insight into the company's performance, it may be beneficial to analyze how certain key metrics align with Wall Street projections and previous year's figures.

NNN REIT (NNN) reported quarterly funds from operations (FFO) of $0.84 per share, surpassing the Zacks Consensus Estimate of $0.83 per share. This is an increase from FFO of $0.82 per share in the same quarter last year.

The best way to afford retirement is by creating a consistent source of passive income. NNN saw a slight increase in core FFO per share in 2023 and is expected to experience further growth. With a BBB+ credit rating from S&P, the REIT has the ability to access capital at favorable rates.