NNN REIT’s Payout Ratio Looks Terrible. Here’s Why It’s Misleading | $NNN #dividendinvesting #invest

NNN REIT ($NNN) yields 5.26% and has raised its dividend for 37 straight years. But pull it up on a standard financial screener and the payout ratio looks alarming. The problem? GAAP earnings can give investors a distorted view of REIT dividend coverage because depreciation creates a large non-cash expense. Look at free cash flow instead, and $NNN tells a very different story: • 1.51x dividend coverage • Roughly 66% of free cash flow going toward the dividend • 5.26% yield • 37 straight years of dividend increases Watch to see why the standard payout ratio can be the wrong metric for evaluating REITs. Read the full analysis: https://informedinvesting.co/r/03ff01cc #NNN #REITs #DividendInvesting #IncomeInvesting #Investing

Added 18 Aug 2026