NNN REIT: Buy This Net Lease Bargain In Plain Sight
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Gen AlphaInvesting GroupFollow5ShareSavePlay(9min)CommentsSummaryNNN REIT is upgraded to a 'Strong Buy' for its attractive valuation, robust balance sheet, and durable 5.9% dividend yield.NNN trades at a forward P/FFO of 11.9, well below its historical average and at a discount to peers, despite resolving tenant issues.Record acquisition activity at 7.3% cap rates, high occupancy, and strong rent recapture underpin improving fundamentals. Makhbubakhon Ismatova/iStock via Getty Images Most investors who follow the market day-to-day have probably heard by now of the ‘rotate to value’ trade, as investors seek to de-risk their growth portfolios. While that’s been true for beaten down consumer staples stocks like ConagraThis article was written byGen Alpha22.7K FollowersFollowI am Gen Alpha. I have more than 14 years of investment experience, and an MBA in Finance. I focus on stocks that are more defensive in nature, with a medium- to long-term horizon. I provide high-yield, dividend growth investment ideas in the investing group iREIT®+HOYA Capital. The group helps investors achieve dependable monthly income, portfolio diversification, and inflation hedging. It provides investment research on REITs, ETFs, closed-end funds, preferreds, and dividend champions across asset classes. It offers income-focused portfolios targeting dividend yields up to 10%. Learn more.Analyst’s Disclosure:I/we have a beneficial long position in the shares of NNN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. I am not an investment advisor. This article is for informational purposes and does not constitute as financial advice. Readers are encouraged and expected to perform due diligence and draw their own conclusions prior to making any investment decisions.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.