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Reit Diversified

National Retail Properties (NYSE: NNN) is a Real Estate Investment Trust (REIT) that invests in high-quality, freestanding retail properties subject generally to long-term net leases. As of December 31, 2021, the company's portfolio consisted of 3,140 properties in 48 states, with a dense concentration in highly populated and affluent markets.

Here is some general information about NNN's historical performance, growth, and earnings:

1. Historical Performance: NNN has consistently delivered stable and growing funds from operations (FFO) over the past several years. FFO is a key metric for REITs and measures a company's cash flow from its operations. In 2021, NNN reported FFO of $634.4 million, representing a 3.1% increase from the previous year.

2. Growth: NNN has a strong track record of growth, having increased its dividend for 31 consecutive years. The company's long-term strategy is to acquire high-quality, freestanding retail properties that are leased to creditworthy tenants under long-term net leases. This strategy has allowed NNN to grow its portfolio and increase its FFO over time.

3. Earnings: NNN's earnings are primarily driven by its rental income, which comes from its portfolio of retail properties. The company has a diversified tenant base, with no single tenant accounting for more than 3.2% of its rental income. In 2021, NNN's rental income was $1.1 billion, representing a 1.1% increase from the previous year.

4. Dividend Yield: NNN currently offers a dividend yield of approximately 4.6%, which is higher than the average for equity REITs. The company has a strong history of paying dividends and has increased its dividend for 31 consecutive years.

Overall, NNN is a well-established REIT with a strong track record of performance, growth, and earnings. The company's long-term strategy of acquiring high-quality, freestanding retail properties leased to creditworthy tenants has allowed it to grow its portfolio and increase its FFO over time. Additionally, NNN's consistent dividend increases and high dividend yield make it an attractive investment option for income-focused investors. However, investors should conduct their own due diligence and consult with a financial advisor before making any investment decisions.