NNN REIT Plunges 2.42% on Sixth Day of Decline

NNN REIT(NNN) shares fell 2.42% today, marking the sixth consecutive day of decline, with a total drop of 11.93% over the past six days. The share price hit its lowest level since November 2023, with an intraday decline of 3.33%.

NNN REIT's stock price has been significantly impacted by the decrease in the value of its assets, primarily driven by higher interest rates. Despite overall market optimism, pricing corrections are taking place, which could further influence the stock's performance. This situation has led to a series of declines in the stock price, reflecting the broader market's response to rising interest rates and the subsequent impact on real estate investment trusts (REITs).