NNN REIT, Inc. (NYSE: NNN) is one of the List of Best Stocks for a List of Dividend Recipients.
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On December 15, Evercore ISI lowered its price target on NNN REIT, Inc. (NYSE:NNN) from $44 to $43 and maintained an In Line rating. The analyst said the recent NAREIT conference provided more information than expected. Signs of improving sentiment have been seen in parts of the REIT market. The office and industrial segments showed a more constructive outlook, while residential and storage continue to face pressures. In this context, NNN’s operational results stand out.
NNN REIT, Inc. (NYSE: NNN) delivered a strong third quarter. Management closed 20 transactions covering 57 assets for a total of $283 million. Execution remained disciplined, although overall market conditions remained uneven. Balance sheet flexibility remains a major asset. The company reported $1.4 billion in total liquidity and an average debt maturity of nearly 11 years, one of the longest in the industry. This structure gives the company the opportunity to act without forcing the timing.
Management also highlighted rapid progress in problem areas. A major tenant emerged from bankruptcy, with 100% of leases confirmed during restructuring. Additionally, the company resolved 23 of 35 furniture-related assets and noted strong interest in the remaining properties. Looking ahead, NNN REIT, Inc. (NYSE:NNN) has raised its acquisition outlook. The company now expects acquisitions of $850 million to $950 million, with a midpoint of $900 million. This would be the highest annual investment volume in its history. Divestiture prospects have also increased. Management increased the expected range by $50 million to a new range of $170 million to $200 million. Bad debt assumptions were also revised downwards, falling to 25 basis points from 60 basis points earlier in the year.
NNN REIT, Inc. (NYSE: NNN) operates as a net lease real estate investment trust. It focuses primarily on restaurant properties with long-term triple net leases, a model designed to support stable cash flows throughout market cycles.
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