NNN REIT, Inc. (NYSE:NNN) Declares Quarterly Dividend of $0.62

NNN REIT, Inc. (NYSE:NNN) declared a quarterly dividend on Wednesday, July 15th. Stockholders of record on Friday, July 31st will be given a dividend of 0.62 per share by the real estate investment trust on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Friday, July 31st. This is a 3.3% increase from NNN REIT’s previous quarterly dividend of $0.60.

NNN REIT has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 35 years. NNN REIT has a dividend payout ratio of 115.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect NNN REIT to earn $3.61 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 66.5%.

NNN REIT Stock Performance

Shares of NNN REIT stock opened at $47.41 on Thursday. The company has a 50 day moving average price of $45.58 and a 200 day moving average price of $43.98. The firm has a market capitalization of $9.02 billion, a P/E ratio of 23.01, a PEG ratio of 7.30 and a beta of 0.80. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.10. NNN REIT has a 52 week low of $38.90 and a 52 week high of $48.15.

NNN REIT (NYSE:NNN) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). The company had revenue of $240.42 million for the quarter, compared to analysts’ expectations of $237.75 million. NNN REIT had a return on equity of 8.81% and a net margin of 41.38%.The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 EPS. NNN REIT has set its FY 2026 guidance at 3.480-3.540 EPS. Sell-side analysts expect that NNN REIT will post 3.49 EPS for the current year.

NNN REIT Company Profile

NNN REIT (NYSE: NNN), formally known as National Retail Properties, is a publicly traded real estate investment trust focused on acquiring, owning and managing a diversified portfolio of retail properties across the United States. As a net-lease REIT, the company enters into long-term, triple-net leases with national and regional tenants, shifting most property-related expenses, including maintenance, taxes and insurance, to its lessees. This structure provides NNN REIT with predictable cash flows and a stable income stream rooted in essential retail uses such as convenience stores, dollar stores, drug stores and quick-service restaurants.

Founded in 1984 and headquartered in Orlando, Florida, NNN REIT has steadily grown its footprint through disciplined acquisitions and selective lease underwriting.