If You Invested $10K In NNN REIT Stock 10 Years Ago, How Much Would You Have Now?

Benzinga
22 Mar

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NNN REIT (NYSE:NNN) invests primarily in high-quality retail properties subject generally to long-term, net leases.

It is set to report its Q1 2025 earnings on April 30. Wall Street analysts expect the company to post EPS of $0.83, unchanged from the figure in the year-ago period. 

If You Bought NNN REIT Stock 10 Years Ago

The company's stock traded at approximately $41.18 per share 10 years ago. If you had invested $10,000, you could have bought roughly 243 shares. Currently, shares trade at $42.23, meaning your investment's value could have grown to $10,255 from stock price appreciation alone. However, NNN REIT also paid dividends during these 10 years. 

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NNN REIT's dividend yield is currently 5.49%. Over the last 10 years, it has paid about $20.76 in dividends per share, which means you could have made $5,041 from dividends alone. 

Summing up $10,255 and $5,041, we end up with the final value of your investment, which is $15,296. This is how much you could have made if you had invested $10,000 in NNN REIT stock 10 years ago. This means a total return of 52.96%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 221.8%.

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What Could The Next 10 Years Bring? 

NNN REIT has a consensus rating of "Neutral" and a price target of $45.59 based on the ratings of 19 analysts. The price target implies a nearly 8% potential upside from the current stock price.

On Feb. 11, the company announced its Q4 2024 earnings, posting core FFO per share of $0.82, in line with expectations, and revenues of $218.48 million, above the consensus estimate of $217.61 million, as reported by Benzinga.

“In 2024, we executed more than $560 million in acquisitions with minimal reliance on capital markets and ended the year with a zero balance on our revolving credit facility. With the full $1.2 billion available on our line of credit and approximately $200 million in free cash flow, we are in a strong position to drive property acquisitions and capitalize on relationship opportunities in 2025,” CEO Steve Horn said.

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The company expects 2025 Core FFO guidance of $3.33 to $3.38 per share. The 2025 AFFO is estimated to be $3.39 to $3.44 per share. 

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

Given the expected upside potential, growth-focused investors may find NNN REIT stock attractive. Furthermore, they can benefit from the company's solid dividend yield of 5.49% and consistent hikes. NNN REIT has raised its dividend consecutively for the last 35 years.

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This article If You Invested $10K In NNN REIT Stock 10 Years Ago, How Much Would You Have Now? originally appeared on Benzinga.com

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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