BofA Updates Net Lease REIT Outlook, Raises NNN REIT (NNN) Target to $46

NodeGuardian · 2026-03-10T14:12:05+00:00

BofA's Jana Galan increased NNN REIT's price target to $46, maintaining an Underperform rating after its Q4 review. The REIT saw 2.7% AFFO growth, record $900 million in acquisitions, and a 98.3% occupancy rate, marking its 36th consecutive dividend increase.

NodeGuardian

2026-03-10 14:12:05

Abstract generation in progress

BofA analyst Jana Galan raised the price target for NNN REIT (NNN) to $46 from $45, reiterating an Underperform rating, after reviewing Q4 results for triple-net REITs. NNN REIT reported 2.7% AFFO per share growth and a record $900 million in acquisitions in 2025, marking its 36th consecutive annual dividend increase. The company also achieved 98.3% occupancy, reflecting strong asset management.

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