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NNN REIT Inc - NNN STOCK NEWS

Welcome to our dedicated news page for NNN REIT (Ticker: NNN), a resource for investors and traders seeking the latest updates and insights on NNN REIT.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect NNN REIT's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of NNN REIT's position in the market.

News
NNN REIT, INC. ANNOUNCES EXPANDED $1.2 BILLION UNSECURED CREDIT FACILITY
Rhea-AI Summary
NNN REIT, Inc. increases unsecured credit facility to $1.2 billion, providing financial flexibility for acquisition opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.76%
Tags
none
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News
Common Dividend Declared by NNN REIT, Inc.
Rhea-AI Summary
NNN REIT, Inc. declares a quarterly dividend of 56.5 cents per share, showcasing its commitment to shareholders. The company has a strong track record of increasing dividends for over three decades, making it a reliable investment option. NNN REIT focuses on high-quality retail properties with long-term, net leases, owning a vast portfolio across 49 states.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.94%
Tags
dividends
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News
2023 ANNUAL RESULTS AND 2024 GUIDANCE ANNOUNCED BY NNN REIT, INC.
Rhea-AI Summary
NNN REIT, Inc. announced operating results for the quarter and year ended December 31, 2023, with highlights including increased net earnings, FFO, Core FFO, and AFFO per common share. The company saw a 14.3% increase in net earnings per common share, 4.5% increase in FFO per common share, and 3.8% increase in Core FFO per common share in 2023. NNN REIT also maintained high occupancy levels and made significant property investments. The company raised $31.4 million in net proceeds from the issuance of common shares and issued $500 million in senior unsecured notes due 2033. The company announced 2024 Core FFO guidance of $3.25 to $3.31 per share and 2024 AFFO estimated to be $3.29 to $3.35 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.28%
Tags
none
News
Common Dividend Declared by NNN REIT, Inc.
Rhea-AI Summary
NNN REIT, Inc. (NYSE: NNN) has declared a quarterly dividend of 56.5 cents per share, payable on February 15, 2024, to shareholders of record as of January 31, 2024. The company has increased its annual dividend for 34 or more consecutive years, positioning it as one of the top REITs in the market. NNN REIT primarily invests in high-quality retail properties with long-term, net leases, owning 3,511 properties in 49 states with a gross leasable area of approximately 35.8 million square feet and a weighted average remaining lease term of 10.1 years as of September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.9%
Tags
dividends
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News
NNN REIT, Inc. Announces 2023 Dividend Tax Status
Rhea-AI Summary
NNN REIT, Inc. (NYSE: NNN) announces that 98.3245% of the dividends paid to common shareholders in 2023 are classified for federal income tax purposes as a taxable distribution. The common dividend of $2.23 per share paid in 2023 marked the thirty-fourth consecutive annual dividend increase for NNN REIT. The company owns 3,511 properties in 49 states with a gross leasable area of approximately 35.8 million square feet and a weighted average remaining lease term of 10.1 years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
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News
CHRISTOPHER P. TESSITORE TO RETIRE AS GENERAL COUNSEL OF NNN REIT, INC.; GINA M. STEFFENS NAMED AS SUCCESSOR
Rhea-AI Summary
NNN REIT, Inc. (NYSE: NNN) announced the retirement of Christopher P. Tessitore, Executive Vice President and General Counsel, effective January 1, 2024. Gina M. Steffens will succeed Mr. Tessitore as Executive Vice President and General Counsel, joining the company on November 30, 2023. Mr. Tessitore has served the company for over 18 years, and the CEO expressed gratitude for his contributions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
Tags
none
News
InvenTrust Properties Corp. Announces the Appointment of Julian E. Whitehurst to Chairperson of the Board
Rhea-AI Summary
InvenTrust Properties Corp. (IVT) appoints Julian (Jay) E. Whitehurst as Chairperson of the Board of Directors, succeeding Paula Saban. Whitehurst's appointment comes as the company aims to expand its portfolio of grocery-anchored, Sun Belt assets and grow free cash flow and shareholder value. The former Chairperson, Saban, will continue to serve on the Board, overseeing Compensation and Nominating and Corporate Governance Committees.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.03%
Tags
management
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News
THIRD QUARTER 2023 OPERATING RESULTS AND INCREASED 2023 GUIDANCE ANNOUNCED BY NNN REIT, INC.
Rhea-AI Summary
NNN REIT, Inc. announced its operating results for Q3 2023, with revenues of $205,132 thousand and net earnings of $106,787 thousand. FFO per common share increased by 2.5% compared to the previous period. The company maintained high occupancy levels at 99.2% and made property investments of $212.5 million. Core FFO guidance for 2023 was increased.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.49%
Tags
earnings
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News
Common Dividend Declared by NNN REIT, Inc.
Rhea-AI Summary
NNN REIT, Inc. announces quarterly dividend and record of consecutive dividend increases
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.43%
Tags
dividends
News
NNN REIT, Inc. Appoints Jonathan A. Adamo Executive Vice President, Portfolio Operations
Rhea-AI Summary
NNN REIT, Inc. appoints Jonathan A. Adamo as Executive Vice President, Portfolio Operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.82%
Tags
management
Stock NNN logo
NNN REIT Inc

NYSE:NNN

NNN Rankings

#947 Ranked by Market Cap
#3102 Ranked by Stock Gains
#561 Ranked by Dividends

NNN Stock Data

7.46B
180.92M
0.81%
91.67%
1.94%
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About NNN

national retail properties (nyse: nnn), a real estate investment trust, invests in single-tenant retail properties generally subject to long-term, net leases. the company was formed in 1984 and began trading on the new york stock exchange in 1994. as one of only 96 out of the more than 10,000 publicly-traded companies that have increased annual dividends for 27 or more consecutive years, we are a powerful partner for our retail customers and a proven investment for our shareholders. the average annual total return to shareholders has been 15.7% over the past 25 years. we own a diversified portfolio of 2,293 freestanding retail properties in 47 states with a total gross leasable area of approximately 25.4 million square feet. these properties are leased to more than 400 tenants in 38 industry classifications.