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.
News Market Reaction – NNN
In the trading session that priced this news, NNN gained 1.63%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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.
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SOURCE NNN REIT, Inc.