That real estate sector includes includes nine industries all related to real property ownership. The industries are: general real estate; Real estate services; and seven varieties of real estate investment trusts: diversified, healthcare facilities, hotel & motel, industrial, office, residential, and retail.

Today I’m reviewing a mid-cap real estate investment trust – retail, named National Retail Properties Inc. Its trading ticker symbol is NNN. 

National Retail Properties Inc is a real estate investment trust that invests in and develops properties throughout the United States. Most of the company’s properties are located in the Midwest, South, and Southeast of the United States.

National Retail Properties invests primarily in high-quality single tenant retail properties subject generally to long term, net leases. 

As of June 30, 2018, the company owned 2,846 properties in 48 states with a gross leasable area of approximately 29.4 million square feet and with a weighted average remaining lease term of 11.5 years.

The company has paid quarterly dividends increasing annually for 29 years. it is headquartered in Orlando, Florida

I use three key data points to gauge the value of any dividend equity or fund like National Retail Properties Inc: 

(1) Price

(2) Dividends

(3) Returns

Besides those three, four more keys  will finally unlock an equity or fund in which to invest.

But those first three primary keys, best tell whether a company has made, is making, and will make money. 

NNN Price

National’s price per share was $47.59 at yesterday’s market close.  A year ago its price was $40.18 for a price increase of $7.41 per share for the year, that’s a 18.4% upside! 

Assuming National Retail Properties Inc’s price will trade in the range of $40 to $60 next year, NNN’s recent $47.59 price could improve by $7.00 to $54.59 by late-October, 2019. 

NNN Dividends