Positive
Seeking Alpha
16 days ago
NNN REIT: Is An Exciting Dividend Aristocrat Benefiting From Lower Rates
NNN REIT is positioned for growth, as Fed rate cuts enhance its refinancing and acquisition opportunities, supporting capital appreciation and income. NNN's robust Q2 results, high occupancy (98%), and disciplined acquisition strategy drive steady FFO and dividend growth, with a 34-year dividend increase streak. NNN trades at attractive valuations (12.5x FFO, 9.84x EBITDA), below peers, and offers a 5.66% dividend yield, with strong coverage, making it compelling for income investors.