If You Invested $10,000 In NNN REIT Inventory 10 Years In the past, How A lot Would You Have Now?
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NNN REIT, Inc. (NYSE:NNN) invests primarily in high-quality retail properties usually topic to long-term, web leases. As of Dec. 31, 2023, the corporate owned 3,532 properties in 49 states, with a gross leasable space of roughly 36.0 million sq. ft and a weighted common remaining lease time period of 10.1 years.
It’s set to report its This autumn 2024 earnings on Feb. 6, 2025. Wall Road analysts anticipate the corporate to publish an EPS of $0.85, unchanged from the year-ago interval. Based on Benzinga Professional, quarterly income is predicted to succeed in $219.27 million, up from $216.23 million within the earlier yr.
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The corporate’s inventory traded at roughly $39.25 per share 10 years in the past. If you happen to had invested $10,000, you may have purchased roughly 255 shares. At the moment, shares commerce at $41.88, which means your funding’s worth may have grown to $10,670 from inventory value appreciation alone. Nevertheless, NNN REIT additionally paid dividends throughout these 10 years.
NNN REIT’s dividend yield is presently 5.54%. Over the past 10 years, it has paid about $20.18 in dividends per share, which implies you may have made $5,141 from dividends alone.
Summing up $10,670 and $5,141, we find yourself with the ultimate worth of your funding, which is $15,811. That is how a lot you may have made if you happen to had invested $10,000 in NNN REIT inventory 10 years in the past. This implies a complete return of 58.11%. Nevertheless, this determine is considerably lower than the S&P 500 whole return for a similar interval, which is 233.36%.
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NNN REIT has a consensus ranking of “Impartial” and a value goal of $46.82, based mostly on the scores of 19 analysts. The value goal implies greater than 11% potential upside from the present inventory value.
On Oct. 31, the corporate introduced its Q3 2024 earnings, posting an FFO of $0.84, in comparison with the consensus estimate of $0.83 and revenues of $218.564 million, in comparison with the consensus of $215.15 million, as reported by Benzinga.
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Steve Horn, Chief Government Officer, commented: “NNN continues to carry out persistently, with a 3.7% enhance in FFO and Core FFO per share leads to the third quarter 2024 in comparison with prior yr outcomes. With over $175 million of money, $1.2 billion out there on our revolving credit score facility and no debt maturities till the fourth quarter of 2025, our steadiness sheet continues to permit NNN to capitalize on sufficiently accretive alternatives and stay well-positioned to offer long-term shareholder worth.”
Earlier Core FFO per share steering for 2024 was narrowed from $3.27 to $3.33 per share to $3.28 to $3.32 per share. The 2024 AFFO is estimated at $3.31 to $3.35 per share.
Given the anticipated upside potential of 11%, growth-focused buyers could discover NNN REIT inventory enticing. Moreover, they will profit from the corporate’s strong dividend yield of 5.54%.
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