If You Invested $1,000 In NNN REIT Stock 20 Years Ago, How Much Would You Have Now?

NNN REIT, Inc. NNN is a real estate investment trust that invests in and develops properties throughout the United States. The company generates revenue from leasing properties to tenants, including convenience stores, automotive services, fitness centers, theaters, restaurants, and banks.

The company is set to report its Q3 2024 earnings on October 30. Wall Street analysts expect the company to post an EPS of $0.84, up from $0.81 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $216.52 million, up from $205.13 million in the year-ago period.

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If You Bought NNN REIT Stock 20 Years Ago

The company's stock traded around $17.77 per share 20 years ago. If you had invested $1,000, you could have bought approximately 56 shares of NNN REIT stock. Currently, shares are trading at $48.33, which means your investment's value could have soared to $2,720 due to stock price appreciation. But wait, the company also paid dividends during these 20 years. 

NNN REIT’s dividend yield is currently 4.80%. Over the last 20 years, it paid around $31.97 in dividends per share, meaning you could have made $1,799 from dividends alone. 

Summing up $2,720 and $1,799, the final value of your investment would be $4,519. This represents a total return of 351.9%. However, this figure is significantly lower than the S&P 500 total return for the same period, which was 553.44%.

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What Could The Next 20 Years Bring? 

NNN REIT has a consensus rating of "Outperform" and a price target of $47 based on the ratings of 15 analysts. The price target implies a nearly 3% potential downside from the current stock price.

Check out this article by Benzinga for six analysts' insights on NNN REIT.

On Aug. 1, the company reported its Q2 2024 earnings, posting revenues of $216.81 million, beating the consensus of $212.70 million, while EPS of $0.83 was in line with expectations.

Steve Horn, Chief Executive Officer, commented: “NNN REIT continues to operate with a high degree of discipline. During the second quarter, we deployed $110.5 million of capital in accretive, high-quality real estate deals while maintaining a balance sheet with a sector-leading 12.6-year weighted average debt maturity. Our thoughtful approach to raising and deploying

Capital, combined with our high occupancy and active management of our robust property portfolio, enables us to increase our Core FFO per share guidance for 2024."

Check out this article by Benzinga, which analyzes NNN REIT’s recent short interest.

In summary, growth-focused investors may not find NNN REIT stock attractive, given the historical modest stock price appreciation and expected downside potential. Conversely, the stock can be a good option for income-focused investors, who can benefit from the company's high dividend yield and consistent hikes. NNN REIT has raised its dividend consecutively for the last 35 years.

Better Yields Than Some REITs?

The current high-interest-rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through publicly-traded REITs.

Arrived Homes, the Jeff Bezos-backed investment platform has launched its Private Credit Fund, which provides access to a pool of short-term loans backed by residential real estate with a target 7% to 9% net annual yield paid to investors monthly. It paid 8.1% in July. The best part? Unlike other private credit funds, this one has a minimum investment of only $100. 

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