Why NNN Remains a Favorite Among Dividend Investors

NNN REIT, Inc. (NYSE:NNN) is one of the Best REIT Dividend Stocks to Buy in 2025.

Why NNN Remains a Favorite Among Dividend Investors

An exterior view of a modern retail property, embodying a landlord’s real estate investment.

The company has built a remarkable track record when it comes to dividend growth, having raised its payout for 35 straight years as of 2024. That achievement places it among a select few; only two other REITs and fewer than 80 publicly traded US companies have managed such a streak.

Looking ahead, NNN REIT, Inc. (NYSE:NNN) appears well-positioned to keep that momentum going. As of mid-2025, its dividend payout ratio sits below 70% of its funds from operations (FFO), and it maintains a conservative balance sheet with relatively low debt. This strong financial foundation gives the company room to keep acquiring income-generating retail properties.

In addition, its cash position is strong. NNN REIT, Inc. (NYSE:NNN)’s operating cash flow grew from $569 million in 2021 to $635.5 million in 2024. With its portfolio and cash flow continuing to expand, the company seems poised to keep boosting its already generous dividend.

NNN REIT, Inc. (NYSE:NNN) currently offers a quarterly dividend of $0.58 per share and has a dividend yield of 5.34%, as of June 23.

While we acknowledge the potential of NNN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure. None.