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NNN REIT, Inc. (NYSE:NNN) invests primarily in high-quality retail properties, generally with long-term net leases. As of December 31, 2023, the Company owned 3,532 properties in 49 states, with a gross leasable area of approximately 36.0 million square feet and a weighted average remaining lease term of 10.1 years.
The company will report its fourth-quarter 2024 earnings on February 6, 2025. Wall Street analysts expect the company to post earnings per share of $0.85, unchanged from the same period last year. According to Benzinga Pro, quarterly revenue is expected to be $219.27 million, up from $216.23 million in the prior year.
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The company’s stock traded at about $39.25 per share a decade ago. If you had invested $10,000, you could have bought about 255 shares. Currently, the shares are trading at $41.88, meaning the value of your investment could have grown to $10,670 just from the share price increase. However, NNN REIT also paid dividends during these 10 years.
NNN REIT’s dividend yield currently stands at 5.54%. Over the past ten years, it has paid out about $20.18 in dividends per share, meaning you could have earned $5,141 from dividends alone.
If we add €10,670 and €5,141 together, we arrive at the final value of your investment, namely €15,811. Here’s how much you could have made if you invested $10,000 in NNN REIT stock ten years ago. This means a total return of 58.11%. However, this figure is significantly lower than the S&P 500’s total return over the same period, which was 233.36%.
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NNN REIT has a consensus rating of ‘neutral’ and a price target of $46.82, based on the ratings of 19 analysts. The price target implies a potential upside of more than 11% from the current share price.
On October 31, the company reported third-quarter 2024 earnings, with an FFO of $0.84, compared to the consensus estimate of $0.83, and revenue of $218.564 million, compared to the consensus of $215.15 million, as reported by Benzinga.