If You Invested $10,000 In NNN REIT Stock 10 Years Ago, How Much Would You Have Now?

NNN REIT, Inc. NNN invests primarily in high-quality retail properties generally subject to long-term, net leases. As of Dec. 31, 2023, the company owned 3,532 properties in 49 states, with a gross leasable area of approximately 36.0 million square feet and a weighted average remaining lease term of 10.1 years.

It is set to report its Q4 2024 earnings on Feb. 6, 2025. Wall Street analysts expect the company to post an EPS of $0.85, unchanged from the year-ago period. According to Benzinga Pro, quarterly revenue is expected to reach $219.27 million, up from $216.23 million in the previous year.

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If You Bought NNN REIT Stock 10 Years Ago

The company's stock traded at approximately $39.25 per share 10 years ago. If you had invested $10,000, you could have bought roughly 255 shares. Currently, shares trade at $41.88, meaning your investment's value could have grown to $10,670 from stock price appreciation alone. However, NNN REIT also paid dividends during these 10 years. 

NNN REIT's dividend yield is currently 5.54%. Over the last 10 years, it has paid about $20.18 in dividends per share, which means you could have made $5,141 from dividends alone. 

Summing up $10,670 and $5,141, we end up with the final value of your investment, which is $15,811. 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 58.11%. However, this figure is significantly less than the S&P 500 total return for the same period, which is 233.36%.

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What Could The Next 10 Years Bring? 

NNN REIT has a consensus rating of "Neutral" and a price target of $46.82, based on the ratings of 19 analysts. The price target implies more than 11% potential upside from the current stock price.

On Oct. 31, the company announced its Q3 2024 earnings, posting an FFO of $0.84, compared to the consensus estimate of $0.83 and revenues of $218.564 million, compared to the consensus of $215.15 million, as reported by Benzinga.

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Steve Horn, Chief Executive Officer, commented: “NNN continues to perform consistently, with a 3.7% increase in FFO and Core FFO per share results in the third quarter 2024 compared to prior year results. With over $175 million of cash, $1.2 billion available on our revolving credit facility and no debt maturities until the fourth quarter of 2025, our balance sheet continues to allow NNN to capitalize on sufficiently accretive opportunities and remain well-positioned to provide long-term shareholder value.”

Previous Core FFO per share guidance for 2024 was narrowed from $3.27 to $3.33 per share to $3.28 to $3.32 per share. The 2024 AFFO is estimated at $3.31 to $3.35 per share.

Given the expected upside potential of 11%, growth-focused investors may find NNN REIT stock attractive. Furthermore, they can benefit from the company's solid dividend yield of 5.54%.

Check out this article by Benzinga for three more stocks offering high dividend yields. 

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