COMMON DIVIDEND DECLARED BY NATIONAL RETAIL PROPERTIES, INC.

The Board of Directors of National Retail Properties, Inc. (NYSE: NNN) announced a quarterly dividend of 53 cents per share, payable on February 15, 2022.

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(Low)

Rhea-AI Sentiment

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Sentiment and the balance of points

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Rhea-AI Summary

The Board of Directors of National Retail Properties, Inc. (NYSE: NNN) announced a quarterly dividend of 53 cents per share, payable on February 15, 2022. Shareholders of record as of January 31, 2022 will receive this distribution. As of September 30, 2021, the company owned 3,195 properties across 48 states, amounting to approximately 33 million square feet of gross leasable area with a weighted average remaining lease term of 10.6 years.

Positive

Quarterly dividend of 53 cents per share increases shareholder income.
Strong portfolio with 3,195 properties enhances company stability.
Long-term lease agreements (average 10.6 years) provide revenue predictability.

Negative

None.

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News Market Reaction – NNN

The recorded move for NNN in the trading session of this news was -1.04%.

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01/14/2022 - 08:30 AM

ORLANDO, Fla., Jan. 14, 2022 /PRNewswire/ -- The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend of 53 cents per share payable February 15, 2022 to common shareholders of record on January 31, 2022.

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2021, the company owned 3,195 properties in 48 states with a gross leasable area of approximately 33.0 million square feet and with a weighted average remaining lease term of 10.6 years. For more information on the company, visit www.nnnreit.com.