Professional
Added to YB: 2024-04-02
Pitch date: 2023-12-31
NNN [bullish]
NNN REIT, Inc.
+15.93%
current return
Author Info
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Company Info
NNN REIT invests primarily in high-quality properties subject generally to long-term, net leases with minimal ongoing capital expenditures.
Market Cap
$8.4B
Pitch Price
$37.93
Price Target
N/A
Dividend
5.41%
EV/EBITDA
15.80
P/E
21.42
EV/Sales
14.29
Sector
Retail REITs
Category
value
Show full summary:
Artisan Mid Cap Value Fund New Portfolio Holding: NNN REIT, Inc.
NNN REIT: 40yr triple net lease focus on service retail. Conservative mgmt, low leverage & capital intensity for stable rent roll. 12yr avg debt duration (2x peers) allows offensive moves as rates rise. Stock +25% in Q4 as peak rates near. Undifferentiated REIT sell-off provided well-timed entry.
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