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Common Dividend Declared By National Retail Properties, Inc.
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ORLANDO, Fla., Oct. 15, 2021 /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 November 15, 2021 to common shareholders of record on October 29, 2021.
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of June 30, 2021, the company owned 3,173 properties in 48 states with a gross leasable area of approximately 32.7 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.
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.
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