NNN REIT: A Near 6%, Boring Yield Built For The Long Haul

NNN REIT offers a near 6% dividend yield and trades at an attractive 11.56x AFFO, well below peers. NNN delivered steady Q3 results, with improving occupancy to 99.2% and AFFO up 5.8% year-over-year. Management reaffirmed AFFO guidance and maintains a conservative 68% payout ratio, supporting continued dividend growth and acquisition flexibility.