NNN - NNN REIT: Still A Great Buy For Value And Income

2024-06-04 07:00:00 ET

Summary

• Few REITs can match the dividend growth track record of NNN REIT.
• The triple net lease REIT's revenue and core FFO per share grew during the first quarter.
• In late May, NNN utilized its investment-grade balance sheet to secure more debt at relatively low interest rates.
• Shares of the REIT look to be trading well below my fair value estimate.
• NNN could be positioned to deliver robust total returns in the next few years.

As a dividend growth investor, I tend to look for companies with demonstrated track records of putting shareholders first. The most obvious way that a business can do this is to reliably grow its payout over time.

As of the most recent data from the late Dave Fish's Champions, Contenders, and Challengers list, there were over 700 dividend stocks with at least five years of dividend growth. This investment universe provides investors with a wide variety of options that could fit within their portfolios....

For further details see: