Triple-Net Lease REITs Show Strength VS Bearish Market Talk
Portfolio Pulse from Ethan Roberts
Despite bearish predictions for real estate investment trusts (REITs), triple-net lease REITs continue to show strength. Three such REITs, Realty Income Corp. (NYSE:O), Federal Realty Investment Trust (NYSE:FRT), and NNN REIT Inc. (NYSE:NNN), have been highlighted for their stability and reliable dividend income. Realty Income Corp. has had a 14.6% compound annual total return since its IPO in 1994. Federal Realty Investment Trust declared FFO of $1.59 in the first quarter, a 6% increase over the same period in 2022. NNN REIT Inc. announced first-quarter operating results with FFO of $0.80 per share, up from $0.77 in the first quarter of 2022.
July 20, 2023 | 12:08 pm
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POSITIVE IMPACT
Federal Realty Investment Trust declared FFO of $1.59 in the first quarter, a 6% increase over the same period in 2022. The company holds the REIT record for annual dividend increases of 55 years and counting.
The company's consistent dividend increases and recent increase in FFO indicate a positive outlook and strong financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
NNN REIT Inc. announced first-quarter operating results with FFO of $0.80 per share, up from $0.77 in the first quarter of 2022. The company also increased its quarterly dividend 2.7% from $0.55 to $0.565 per share.
The company's increase in FFO and dividend indicates a positive outlook and strong financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Realty Income Corp. has shown strong performance with a 14.6% compound annual total return since its IPO in 1994. The company's stability and growth make it a popular choice among investors.
The company's strong performance and consistent dividend payments make it a reliable investment. The recent increase in its monthly dividend also indicates a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100