NNN REIT, Inc. Common Stock (NNN)
Competitors to NNN REIT, Inc. Common Stock (NNN)
National Retail Properties, Inc. NNN -3.17%
National Retail Properties, Inc. (NNN) is a competitor that also focuses on net-leased retail properties. While both companies invest in similar asset classes, National Retail Properties has a slightly broader geographical exposure and a diverse tenant base. Although NNN is known for its strong portfolio of well-located properties, National Retail Properties has a competitive edge with stronger property acquisition strategies and tenant diversity that can mitigate risks from sector-specific downturns.
Realty Income Corporation O -3.35%
Realty Income Corporation, known for its monthly dividend payments, competes directly with NNN REIT in the net lease sector. Both companies focus on acquiring single-tenant freestanding commercial properties under long-term leases. Realty Income has a competitive advantage with a larger portfolio and a more established reputation for reliability among dividend investors, which further strengthens its investor base and allows it to raise capital more easily.
STORE Capital Corporation
STORE Capital Corporation competes in the triple-net lease space, focusing on single-tenant, operationally essential real estate. While NNN REIT emphasizes a diversified approach with various sectors, STORE specializes in sectors such as dining and retail, which may attract different types of investors. STORE Capital has an advantage through its unique investment thesis and strong growth trajectory, appealing particularly to growth-focused investors.
W.P. Carey Inc. WPC -3.63%
W.P. Carey Inc. operates in the net lease market similar to NNN REIT. They differentiate themselves by focusing on a broader range of asset types, including industrial, retail, and office properties, and have a greater international presence. W.P. Carey’s diverse portfolio and global investments give it a competitive edge over NNN REIT, particularly in the realm of attracting institutional investors seeking geographical and sector diversification.