NNN REIT, Inc. (NNN)

In the past six months, NNN's stock price has trended down by 0.12%. Key events include the Q3 2025 earnings announcement, where the company reported Core FFO of $0.85 per share and AFFO of $0.86 per share, meeting consensus estimates. NNN increased its 2025 guidance for Core FFO and AFFO and raised its acquisition guidance for 2025. The company declared a quarterly dividend of $0.60 per share, marking its 36th consecutive annual dividend increase. NNN experienced a temporary dip in occupancy to 97.5% due to tenant issues, but management expects it to rebound. NNN closed on $283.0 million of investments in Q3 2025. Brokerages have an average "Hold" recommendation for NNN, with an average 12-month target price of $44.10.

Information directly detailing demand seasonality for NNN REIT, Inc.'s products and services is not explicitly provided. The company's business model, focusing on long-term leases with a diversified tenant base, mitigates significant demand seasonality. NNN's lease structure and diversification aim to provide a consistent and predictable revenue stream, reducing its direct exposure to the seasonality of any single tenant's demand.

NNN REIT, Inc. (NNN) is a real estate investment trust (REIT) specializing in single-tenant retail properties across the U.S., leased under long-term, triple-net leases. As of September 30, 2025, NNN owned 3,697 properties with approximately 39.2 million square feet. The company has increased its annual dividends for 36 or more consecutive years.

As of September 30, 2025, NNN REIT, Inc. owned 3,697 properties located in all 50 states. Previously, as of December 31, 2023, it owned 3,532 properties in 49 states. The company's properties are concentrated in various regions, with significant revenue historically coming from states like Texas and Florida.

NNN REIT, Inc. maintains a strong brand reputation, built on consistent performance and commitment to shareholder returns. The company is recognized for its "Dividend Aristocrat" status. However, the temporary dip in occupancy due to tenant issues and stock price underperformance have presented challenges. The company's exposure to e-commerce-resistant tenants and strong demand for these spaces support its revenue stability.

NNN REIT, Inc. has significant institutional ownership, with institutional investors holding approximately 61.11% to 89.27% of the company's shares. Major institutional owners include Vanguard Group Inc. and BlackRock, Inc. Individual insiders own a smaller percentage, around 0.887% to 2.01% of the shares. Retail investors and public companies hold the remaining portion.