1 Reason I Haven't Bought National Retail Properties Stock
Real estate investment trust (REIT) National Retail Properties (NYSE: NNN) has one of the best dividend records of any of its peers, including Realty Income. But there's one thing wrong with this net-lease landlord that has always stopped me from jumping aboard. Here's what it is, and why it's such a big deal.
National Retail Properties has increased its dividend annually for over three decades. Although passing cash through to investors is the core purpose of the real estate investment trust corporate structure, the longevity of the streak shows a massive commitment to shareholders that few others can match. To put a number on that, it's just one of three REITs with a dividend streak of that length. Now add in National Retail's 5.7% yield, which is toward the highest levels of the past decade, and it's easy to understand why investors would be interested in this REIT.
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Source Fool.com
