"NNN REIT has raised its dividend through two recessions and the pandemic, maintaining a quarterly rate of $0.60 per share, yielding about 5.65%."
"Occupancy improved to 98.3% in Q4 2025, recovering from a low of 97.5% due to tenant stress, with most gains from selling vacant assets."
"The full-year impairment losses reached $28.6 million in 2025, reflecting tenant credit deterioration, while same-store rental income grew only 0.4%."
"The AFFO payout ratio is 65.7%, with guidance for 2026 indicating an AFFO of $3.52 to $3.58 per share, supporting the dividend."
NNN REIT has consistently raised its dividend since 1990, even during economic downturns. As of Q4 2025, occupancy improved to 98.3%, recovering from previous tenant issues. The company reported significant impairment losses, indicating tenant credit deterioration despite stable occupancy rates. The dividend, currently at $0.60 per share, yields approximately 5.65%, providing a strong income argument compared to the 10-year Treasury. The AFFO payout ratio stands at 65.7%, with positive guidance for 2026.
Read at 24/7 Wall St.
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