NNN - 400K Reasons To Be Bullish On NNN REIT Stock | Benzinga
Gina M Steffens, EVP at NNN REIT (NYSE:NNN), reported an insider buy on November 30, according to a new SEC filing.
What Happened: In a significant move reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, Steffens purchased 10,000 shares of NNN REIT, demonstrating confidence in the company's growth potential. The total value of the transaction stands at $400,200.
As of Friday morning, NNN REIT shares are up by 0.2%, currently priced at $40.7.
Unveiling the Story Behind NNN REIT
NNN REIT Inc is a real estate investment trust that invests in and develops properties throughout the United States. The company generates revenue from leasing properties to tenants, including convenience stores, automotive services, fitness centers, theatres, restaurants, and banks. Rents from convenience stores and restaurants contribute the majority proportion of total revenue, followed by automotive services, entertainment venues, and others. maximum of the company's properties are located in the South and Southeast of the United States.
NNN REIT: A Financial Overview
Positive Revenue Trend: Examining NNN REIT's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 6.03% as of 30 September, 2023, ...