2024-03-23 02:45:57 ET
Summary
- NNN REIT is a top-tier net lease REIT that has steadily grown the dividend for 34 consecutive years.
- Over the past twelve months, NNN has materially outperformed the sector at large.
- We look at five key metrics comparing NNN against Realty Income, W.P. Carey, Agree Realty, and NETSTREIT.
NNN REIT ( NNN ) is a single tenant net lease REIT that develops and acquires retail properties across the United States. Like many net lease REITs, NNN emerged from humble beginnings. NNN was founded in 1984 as Golden Corral Realty Corporation. At that point, the company served as a landlord for the restaurant chain, much like Realty Income ( O ) began as a Taco Bell landlord. Over the past several decades, NNN has steadily grown to become a top tier net lease REIT. NNN has even become a dividend aristocrat and maintains the third longest streak of annual dividend increases in the real estate sector. As of 2024, NNN has raised its dividend for 34 consecutive years....
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NNN REIT: This Net Lease REIT Continues To Dominate The Sector