NNN REIT, Inc. (NYSE:NNN) is included among the 11 Best Rising Dividend Stocks to Buy Right Now.
On May 7, Citi raised its price target on NNN REIT, Inc. (NYSE:NNN) to $46 from $42 and maintained a Neutral rating on the stock.
During the company’s Q1 2026 earnings call, CEO Stephen Horn said NNN’s disciplined, efficient, and self-funded growth strategy continued to deliver solid results. He pointed to first-quarter investment activity that included 15 transactions across 41 properties, representing total investments of $145 million at an initial cash yield of 7.5%.
Horn also highlighted the company’s liquidity position, which stood at $1.2 billion, along with its weighted average debt maturity of nearly 11 years, one of the longest in the industry. The company also raised its 2026 AFFO per share guidance to a range of $3.53 to $3.59. Horn said NNN plans to take a more proactive approach to asset sales during 2026 as part of its long-term effort to improve portfolio quality.
On the operating side, Horn said NNN renewed 36 of 43 lease expirations at rental rates that were 2% higher than previous levels. He added that seven properties were leased to new tenants at rents roughly 10% above prior levels. Occupancy also improved by 30 basis points from the previous quarter to 98.6%.
NNN REIT, Inc. (NYSE:NNN) is a fully integrated real estate investment trust that acquires, owns, invests in, and develops properties. The company primarily leases its properties to retail tenants under long-term net lease agreements and mainly holds them for investment purposes.
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