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NNN REIT, Inc. (NYSE:Nnn) invests primarily in high-quality retail properties that are generally subject to 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.
It is scheduled to announce its earnings for the fourth quarter of 2024 on February 6, 2025. Wall Street analysts expect the company to record earnings per share of $0.85, unchanged from the same period last year. According to Benzinga Pro, quarterly revenue is expected to reach $219.27 million, up from $216.23 million a year earlier.
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The company’s shares traded at about $39.25 per share 10 years ago. If you had invested $10,000, you could have bought approximately 255 shares. Currently, shares are trading at $41.88, which means the value of your investment could have risen to $10,670 from the rise in the stock price alone. However, NNN REIT also paid a dividend during these 10 years.
NNN REIT’s dividend yield is currently 5.54%. Over the past 10 years, it has paid about $20.18 in dividends per share, which means you could have generated $5,141 in dividends alone.
By adding together $10,670 and $5,141, we end up with the final value of your investment, which is $15,811. This is how much you could have made if you invested $10,000 in NNN REIT stock 10 years ago. This means a total return of 58.11%. However, this number is much lower than the S&P 500’s total return for the same period, which is 233.36%.
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NNN REIT has a consensus rating of “Neutral” and a price target of $46.82, based on ratings by 19 analysts. The target price indicates a potential upside of more than 11% from the current stock price.
On October 31, the company announced its third-quarter 2024 earnings, reporting 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, it reported. To gasoline.
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