These 2 REIT Dividends Look Equally Safe—Until You Dig Into the Numbers
NNN REIT (NYSE:NNN) and Agree Realty (NYSE:ADC) both paid dividends on August 14, 2026, with similar payout ratios. NNN has a 37-year dividend increase streak and a 69% AFFO payout ratio, while ADC offers monthly payouts, a 70% AFFO payout ratio, and a stronger tenant mix. ADC's tenant portfolio is two-thirds investment-grade, with lower leverage and higher occupancy compared to NNN.



