NNN REIT, Inc.
S&P 500NNN/Real Estate · REIT - Retail/NYSE
Dividend Yield
5.32%
$2.40 · Annual Dividend
Dividend Safety Rating
NNN's dividend appears safe and well-supported. Strengths include a 70.7% ffo payout ratio & 110.4 debt-to-equity. Areas of concern: 2.9x interest coverage & 51.3% net debt / total assets. As a REIT, its payout is measured against FFO (funds from operations) rather than net income, since large non-cash depreciation makes the earnings payout ratio misleading.
Based on 15 of 15 metrics
Strengths
- Operating Margin: 60.6%Healthy operating margin provides a wide buffer.
- Gross Margin: 95.9%High gross margin signals strong pricing power.
- Profit Margin Stability: Very StableProfit margins have stayed stable through cycles.
Risks
- Current Ratio: 0.2xLimited short-term liquidity to meet obligations.
- Interest Coverage: 2.9xInterest coverage is thin relative to debt servicing.
- Net Debt / Total Assets: 51.3%Net debt is high relative to total assets.
Payout & Coverage
CautionBalance Sheet
WarningProfitability
Very SafeDividend Track Record
Very SafeAbout NNN REIT, Inc.
NNN REIT, Inc. is a real estate investment trust specializing in the acquisition, ownership, and management of freestanding retail properties in the United States. Its primary focus is on properties leased to tenants under long-term net leases, where tenants are responsible for real estate taxes, insurance, and maintenance, offering predictable cash flows and reduced operational risk for the trust. With a diversified portfolio comprising hundreds of properties across the retail sector, NNN REIT serves a broad range of well-known national and regional retail tenants, contributing to a stable revenue base. Since its founding in 1984 and headquartered in Orlando, the company has become recognized for its conservative financial management and consistent dividend distributions, reflected in a robust dividend yield and regular increases in core funds from operations. NNN REIT plays a significant role in the U.S. REIT landscape by providing liquidity and capital for the retail real estate sector, enabling investors access to broadly diversified, income-generating property holdings with a focus on financial stability and long-term leases.
Dividend Overview
Dividend Yield
5.32%
Annual Dividend
$2.40
Frequency
Quarterly
Payout Ratio
116.10%
FCF Payout Ratio
68.89%
52-Week Range
$38.90 - $46.90
Dividend History (2016–2025)
NNN annual dividend per share and yield history
Earnings & Profitability
NNN earnings per share and net profit margin
Key Dates
Last Ex-Dividend Date
April 30, 2026
Last Payment Date
May 15, 2026
Dividend Growth
3-Year Dividend CAGR
3.00%
5-Year Dividend CAGR
2.66%
10-Year Dividend CAGR
3.27%
3-Year Total Growth
9.26%
5-Year Total Growth
14.01%
10-Year Total Growth
38.01%
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Frequently Asked Questions
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.