Common Dividend Declared by NNN REIT, Inc.

Rhea-AI Summary

NNN REIT (NYSE: NNN) has declared a quarterly dividend of 58 cents per share, payable on February 14, 2025, to shareholders of record as of January 31, 2025. The company distinguishes itself as one of only three publicly traded REITs that have increased their annual dividend for 35 or more consecutive years.

As of September 30, 2024, NNN REIT's portfolio comprises 3,549 properties across 49 states, with approximately 36.6 million square feet of gross leasable area. The company's properties maintain a weighted average remaining lease term of 10.0 years, primarily focusing on high-quality retail properties under long-term, net leases.

Positive

• 35+ year track record of consecutive annual dividend increases
• Large diversified portfolio across 49 states
• Long-term stability with 10-year weighted average lease term
• Consistent quarterly dividend maintained at $0.58 per share

Negative

• None.

ORLANDO, Fla., Jan. 14, 2025 /PRNewswire/ -- The Board of Directors of NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced a quarterly dividend of 58 cents per share payable February 14, 2025 to shareholders of record as of January 31, 2025. NNN is one of only three publicly traded REITs to have increased its annual dividend for 35 or more consecutive years.

NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2024, the Company owned 3,549 properties in 49 states with a gross leasable area of approximately 36.6 million square feet and a weighted average remaining lease term of 10.0 years. For more information on the company, visit www.nnnreit.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/common-dividend-declared-by-nnn-reit-inc-302349350.html

SOURCE NNN REIT, Inc.

FAQ

What is NNN REIT's quarterly dividend amount for February 2025?

NNN REIT declared a quarterly dividend of 58 cents per share, payable on February 14, 2025.

What is the record date for NNN REIT's Q1 2025 dividend?

The record date for NNN REIT's dividend is January 31, 2025.

How many consecutive years has NNN REIT increased its annual dividend?

NNN REIT has increased its annual dividend for 35 or more consecutive years, being one of only three publicly traded REITs to achieve this milestone.

How many properties does NNN REIT own as of September 2024?

As of September 30, 2024, NNN REIT owned 3,549 properties across 49 states.

What is NNN REIT's average remaining lease term in 2024?

NNN REIT's weighted average remaining lease term is 10.0 years as of September 30, 2024.