EPRT - NNN: Great Pick For Stability-Seeking Investors

2024-05-17 12:55:03 ET

Summary

• NNN REIT has a fortress-like balance sheet, strong business metrics, and a defensive strategy, making it a safe harbor for stability-seeking investors.
• The Company offers an attractive, well-covered dividend and is undervalued compared to its peers.
• Despite modest growth prospects, NNN has a great risk-to-reward ratio and the potential for double-digit total returns.
• NNN's strategy can be defined using one word - discipline.

Investment thesis

NNN REIT ( NNN ) has a fortress-like balance sheet, great business metrics, a highly defensive strategy reflected both in their financing and investment activities, as well as long-term and durable relationships with key partners that support its deal sourcing capabilities.

The Company offers an attractive, well-covered dividend yielding ~5.3% and remains undervalued compared to its close peers. ...

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