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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 calculator

O

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 calculator

How NNN and O differ

NNNNNN 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.

ORealty 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?
It depends on current figures, which change — use the calculators linked below with each fund's live yield rather than a fixed number. As a rule, 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.
See all dividend ETF comparisons →