NNN vs O
Two net-lease REITs with long dividend-increase streaks — quarterly versus monthly payout. Here’s how NNN and O compare for dividend investors — with a calculator for each so you can model the income yourself.
NNN
NNN REIT, Inc.
- Type
- REIT
- Issuer
- NNN REIT
- Pays
- quarterly
NNN REIT (formerly National Retail Properties) is a real estate investment trust that owns single-tenant retail properties leased to tenants under long-term net leases. It has one of the longest dividend-increase streaks among REITs, with more than three decades of consecutive annual raises.
NNN dividend calculatorO
Realty Income Corporation
- Type
- Monthly-paying REIT
- Issuer
- Realty Income
- Pays
- monthly
Realty Income is a real estate investment trust that owns thousands of single-tenant commercial properties on long net leases. Branded "The Monthly Dividend Company," it pays monthly and has a long history of regular dividend increases.
O dividend calculatorNNN vs O dividend, side by side
Current dividend figures for NNN and O as of Jul 10, 2026. Yields and payouts change — verify the latest numbers with your broker before investing.
How NNN and O differ
NNN — NNN REIT (formerly National Retail Properties) is a real estate investment trust that owns single-tenant retail properties leased to tenants under long-term net leases. It has one of the longest dividend-increase streaks among REITs, with more than three decades of consecutive annual raises.
O — Realty Income is a real estate investment trust that owns thousands of single-tenant commercial properties on long net leases. Branded "The Monthly Dividend Company," it pays monthly and has a long history of regular dividend increases.
In practice the choice comes down to your goal. NNN suits an investor who wants real-estate income, often with a steadily growing payout, while O suits one who wants real-estate income, often with a steadily growing payout. The two are not mutually exclusive — plenty of portfolios hold a growth-oriented fund and an income-oriented one together. What matters is matching each to its job and not judging a fund on its headline yield alone.
Rather than compare a single snapshot yield (which moves daily), open each calculator and enter current figures: the NNN calculator and the O calculator. To compare long-term compounding head to head, run the same contributions through the dividend reinvestment calculator with each fund’s assumptions.
NNN vs O FAQ
- What's the main difference between NNN and O?
- NNN is a reit from NNN REIT; O is a monthly-paying reit from Realty Income. Two net-lease REITs with long dividend-increase streaks — quarterly versus monthly payout.
- Does NNN or O pay more dividends?
- As of Jul 10, 2026, NNN yields about 5.16% and O about 5.14% — a similar current yield. NNN pays quarterly; O pays monthly. Yields move daily, so verify current figures and use the calculators below to model the income yourself. Higher-yield funds pay more today, while dividend-growth funds start lower and raise the payout over time.
- Which is better, NNN or O?
- Neither is universally better — they suit different goals. NNN fits an investor who wants real-estate income, often with a steadily growing payout; O fits one who wants real-estate income, often with a steadily growing payout. Match the fund to your objective, time horizon, and tax situation, and consider a licensed advisor.
- Can I hold both NNN and O?
- Many investors do, to blend current income with growth. Just be aware of overlap — if both hold similar large-cap US stocks, you may be less diversified than the two tickers suggest.