NNN REIT Inc Stock Price, News & Analysis

NNN REIT (NYSE:NNN) has appointed Joshua P. Lewis as Executive Vice President and Chief Investment Officer. Lewis, who has been with the company since 2008, most recently served as Senior Vice President and Head of Acquisitions since August 2022. Prior to joining NNN, he spent 13 years at BofA Securities in real estate capital markets and investment banking.

Lewis brings extensive experience in real estate investments, structuring, negotiation, and deal execution. CEO Steve Horn emphasized Lewis's proven track record as a pragmatic leader and skilled negotiator, highlighting his contribution to the company's portfolio growth and understanding of NNN's long-term strategy.

NNN REIT (NYSE:NNN) has announced a quarterly dividend increase to 60 cents per share, representing a 3.4% increase from the previous dividend. The dividend will be payable on August 15, 2025 to shareholders of record as of July 31, 2025.

This marks NNN's 36th consecutive annual dividend increase, making it one of only three publicly traded REITs to achieve this milestone. CEO Steve Horn attributes this consistent growth to the company's long-term perspective, disciplined capital allocation strategy, and strong balance sheet position.

NNN REIT (NYSE: NNN) has scheduled its second quarter 2025 earnings release for Tuesday, August 5, 2025, before market opening. The company will host a conference call at 10:30 a.m. ET to discuss financial and operating results.

Investors can access the live webcast through the company's website at www.nnnreit.com. For those joining by phone, U.S. participants can dial 888-506-0062 (participant code: 385344). A replay will be available until August 12, 2025, accessible by dialing 877-481-4010 (U.S.) with code 52652.

NNN REIT (NYSE: NNN) has announced the pricing of $500 million in senior unsecured notes due 2031. The notes, priced at 99.182% of principal value, will carry a 4.600% interest rate with a yield to maturity of 4.766%. Interest payments will be made semi-annually starting February 15, 2026.

The offering is expected to close around July 1, 2025. The company plans to use the proceeds to repay outstanding credit facility debt, fund future property acquisitions, and for general corporate purposes. Multiple financial institutions, including BofA Securities, Wells Fargo Securities, and PNC Capital Markets, are serving as joint book-running managers for the offering.

NNN REIT reported strong Q1 2025 results with net earnings of $0.51 per diluted share. The company achieved 3.6% growth in Core FFO and AFFO per share to $0.86 and $0.87 respectively. Key highlights include: $232.4 million in investments at a 7.4% initial cash cap rate, maintaining a high occupancy rate of 97.7%, and a quarterly dividend of $0.58 (5.4% annualized yield). The REIT closed 82 property acquisitions and maintained strong balance sheet metrics with $1.1 billion in available liquidity. NNN maintained its 2025 guidance, projecting Core FFO of $3.33-$3.38 per share and acquisition volume of $500-$600 million. The company successfully managed property challenges, re-leasing 31 of 64 recovered properties from a mid-western restaurant operator and addressing 12 of 35 properties from a bankrupt furniture retailer.

NNN REIT (NYSE: NNN) has declared a quarterly dividend of $0.58 per share, as announced by its Board of Directors on April 15, 2025. The dividend will be paid on May 15, 2025 to shareholders of record as of April 30, 2025.

Notably, NNN stands among only three publicly traded REITs that have maintained a track record of increasing their annual dividend for 35 or more consecutive years.

NNN REIT has scheduled its first quarter 2025 earnings release for Thursday, May 1, 2025, before market opening. The company will host a conference call at 10:30 a.m. ET on the same day to discuss financial and operating results.

Investors can access the conference call through multiple channels: via webcast on the company's website (www.nnnreit.com), or by phone using the dial-in numbers 888-506-0062 (US) or 973-528-0011 (international) with participant code 696567. A replay will be available through May 8, 2025, by calling 877-481-4010 (US) or 919-882-2331 (international) with code 52285.

NNN REIT has reported its 2024 annual results and 2025 guidance. The company achieved notable financial growth with FFO per share increasing 2.5%, Core FFO up 1.8%, and AFFO rising 2.8% over 2023. Key highlights include:

The REIT completed $565.4 million in property investments, acquiring 75 properties with a 7.7% initial cash cap rate. They maintained a high occupancy rate of 98.5% and marked their 35th consecutive year of dividend increases. The company sold 41 properties for $148.7 million, generating $42.3 million in gains.

For 2025, NNN REIT projects Core FFO guidance of $3.33 to $3.38 per share and AFFO of $3.39 to $3.44 per share. The company enters 2025 with strong liquidity, including a fully available $1.2 billion credit facility and approximately $200 million in free cash flow.

NNN REIT has announced the tax classification of its 2024 dividends paid to common shareholders. 99.8471% of the dividends are classified as taxable distributions. The total dividend paid was $2.29 per share, with $2.286498 classified as ordinary dividends and $0.003502 as non-taxable distributions. The ordinary dividends qualify for the 20% qualified business income deduction under Section 199A.

This dividend payment marks the thirty-fifth consecutive annual dividend increase for NNN REIT. As of September 30, 2024, the company owned 3,549 properties across 49 states, comprising approximately 36.6 million square feet of gross leasable area, with a weighted average remaining lease term of 10.0 years.