NNN REIT Declares $0.60 Quarterly Dividend, Marks 36 Years of Annual Increases
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
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Should l Buy NNN?
Source: Newsfilter
- Quarterly Dividend Announcement: NNN REIT has declared a quarterly dividend of $0.60 per share payable on February 13, 2026, to shareholders of record as of January 30, 2026, demonstrating the company's strong cash flow and commitment to shareholder returns.
- Sustained Dividend Growth: As one of only three publicly traded REITs to have increased its annual dividend for over 36 consecutive years, NNN REIT's record not only boosts investor confidence but also enhances its competitive position in the market.
- Portfolio Scale: As of September 30, 2025, NNN REIT owned 3,697 properties across 50 states, with a gross leasable area of approximately 39.2 million square feet, showcasing its robust presence in high-quality property investments.
- Lease Term Advantage: The company's properties have a weighted average remaining lease term of 10.1 years, indicating a long-term stable income source that helps maintain financial stability amid economic fluctuations.
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Analyst Views on NNN
Wall Street analysts forecast NNN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NNN is 43.88 USD with a low forecast of 43.00 USD and a high forecast of 48.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
1 Buy
6 Hold
1 Sell
Hold
Current: 42.880
Low
43.00
Averages
43.88
High
48.00
Current: 42.880
Low
43.00
Averages
43.88
High
48.00
About NNN
NNN REIT, Inc. is a fully integrated real estate investment trust (REIT). The Company acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for investment. The Company invests primarily in retail real estate that is typically well located within each local market for its tenants' retail lines of trade. The Company's property portfolio includes convenience stores; automotive service; restaurants - limited service; restaurants - full service; family entertainment centers; recreational vehicle dealers, parts and accessories; theaters; health and fitness; equipment rental; wholesale clubs; automotive parts; drug stores; home improvement; medical service providers; general merchandise, and pet supplies and services. The Company owns approximately 3,568 properties in 49 states with a gross leasable area of approximately 36.6 million square feet and a weighted average remaining lease term of 9.9 years.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Strong Credit Ratings: NNN REIT holds a BBB+ rating from S&P and a Baa1 from Moody's, both classified as investment grade, indicating robust debt repayment capability that attracts institutional investors, thereby reducing borrowing costs and enhancing dividend sustainability.
- Reasonable AFFO Payout Ratio: In Q3 2025, NNN reported an AFFO of $0.86 per share while paying a quarterly dividend of $0.60, resulting in a 70% payout ratio, which provides a 15-percentage-point buffer, ensuring the stability of its dividends.
- Dividend Growth Record: NNN has increased its annual dividend for 36 consecutive years since 1989, making it one of only three publicly traded REITs with such a streak, reflecting management's commitment to dividends and helping maintain investor trust.
- High Occupancy Rate Assurance: As of September 30, 2025, NNN's occupancy rate stood at 97.5%, slightly below historical averages, but management expects it to recover above 98% by year-end 2025, ensuring continued rental income and dividend payment capability.
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- Stable Earnings in Clean Energy: Clearway Energy boasts a dividend yield exceeding 5%, ensuring stable cash flow through long-term fixed-rate contracts, with expectations of 7% to 8% annual cash flow per share growth by 2030, supporting ongoing dividend increases.
- REIT Stability Advantage: NNN REIT offers a dividend yield over 5.5%, generating stable rental income from single-tenant, triple-net-leased properties, having increased dividends for 36 consecutive years, showcasing strong financial flexibility and investment potential.
- Pipeline Industry Growth Potential: Oneok has a 5.5% dividend yield, supported by long-term contracts and government-regulated revenue structures, enabling over 25 years of dividend stability, with plans for 3% to 4% annual growth in the future.
- Telecom Giant Expansion Strategy: Verizon's dividend yield exceeds 7%, leveraging the $20 billion acquisition of Frontier to expand its broadband network and enhance cross-selling capabilities, expected to support future dividend growth, having achieved a 19-year growth streak.
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- Dividend Stability: Verizon has increased its dividend for 19 consecutive years, currently boasting a yield of over 7%, supported by stable wireless and internet revenues that enhance its financial robustness for future dividend growth.
- Long-Term Contract Security: Oneok offers a 5.5% dividend yield, with stable cash flow derived from long-term fixed contracts, reflecting over 25 years of consistent dividend growth backed by a strong financial foundation and expansion capabilities.
- Investment Return Potential: NNN REIT has a dividend yield exceeding 5.5%, with stable rental income from single-tenant properties, allocating 70% of its cash flow to dividends, ensuring long-term investment returns and financial flexibility.
- Clean Energy Outlook: Clearway Energy's dividend yield is over 5%, with expectations of 7% to 8% compound annual cash flow growth per share through 2030, providing robust support for continued dividend increases.
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- Investment Foundation: NNN REIT focuses on single-tenant properties, primarily investing in retail and service sectors with nearly 3,700 properties across 50 states, ensuring a stable income stream and low volatility, thereby enhancing investor confidence.
- High Dividend Yield: Currently, NNN REIT offers a dividend yield exceeding 5.5%, significantly higher than the REIT sector average of 4.4% and the S&P 500's 1.1%, making it a preferred choice for passive income investors and further enhancing its investment appeal.
- Financial Stability: NNN REIT holds a BBB+/Baa1 bond rating with a weighted average debt maturity of 10.7 years and $1.4 billion in liquidity, showcasing strong financial flexibility that supports future investments and dividend growth.
- Sustained Growth Potential: The company plans to invest $850 million to $950 million in the coming years, aiming to partially finance this through $170 million to $200 million in property sales, supporting mid-single-digit annual earnings per share growth and ensuring continued dividend increases.
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- Surging Power Demand: Estimates from the Electric Power Research Institute suggest that power demands related to artificial intelligence in the U.S. could grow tenfold by 2030, creating significant pressure on the aging power grid and necessitating urgent solutions to prevent rising energy prices.
- Innovative Small Reactors: Nano Nuclear aims to deploy portable small reactors to provide uninterrupted power to AI data centers, designed to match the rapid pace at which tech companies are building new facilities, although it currently lacks regulatory approval for commercial deployment.
- Significant Market Potential: With a current market cap of approximately $1.8 billion, achieving a 100-fold gain would imply a valuation of $180 billion, potentially positioning Nano Nuclear among the largest energy companies, but this requires regulatory approval and technology deployment agreements.
- High Investment Risk: While a $1,000 investment could yield $100,000, the lack of revenue and regulatory progress renders Nano Nuclear a highly speculative investment, with the likelihood of profitability remaining low for the next several years.
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- Stable Cash Flows: Sila Realty Trust operates under a net lease model focusing on healthcare properties, with an average lease duration of 10 years and 2% annual rent escalations, ensuring predictable cash flows that bolster investor confidence.
- Strong Financial Health: The company's debt to EBITDA ratio stands at approximately 3.6x, allowing it to retain about 25% of cash flow for strategic acquisitions while maintaining robust financial health.
- Market Opportunity: With the Federal Reserve implementing multiple rate cuts in 2024 and 2025, the diminishing attractiveness of fixed income is expected to trigger a capital rotation into high-yield equity sectors, positioning SILA to benefit as a quality REIT.
- Growth Potential: Projected FFO per share growth of 4-6% annually, combined with a 7% dividend yield, positions SILA for significant total return potential as the market reprices high-quality REITs.
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