Common Dividend Declared by NNN REIT, Inc.

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

NNN REIT, a real estate investment trust, has declared a quarterly dividend of 58 cents per share, payable on November 15, 2024 to shareholders of record as of October 31, 2024. This announcement highlights NNN's status as one of only three publicly traded REITs to have increased its annual dividend for 35 or more consecutive years.

NNN REIT specializes in investing in high-quality retail properties with long-term, net leases. As of June 30, 2024, the company owned 3,548 properties across 49 states, encompassing approximately 36.1 million square feet of gross leasable area. The weighted average remaining lease term for these properties is 10.0 years.

Positive

Declared quarterly dividend of 58 cents per share
Consistent dividend growth for 35+ consecutive years
Extensive portfolio of 3,548 properties across 49 states
36.1 million square feet of gross leasable area
Long average remaining lease term of 10.0 years

Negative

None.

News Market Reaction 1 Alert

+2.23% News Effect

On the day this news was published, NNN gained 2.23%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

10/15/2024 - 08:30 AM

ORLANDO, Fla., Oct. 15, 2024 /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 November 15, 2024 to shareholders of record as of October 31, 2024. 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 June 30, 2024, the Company owned 3,548 properties in 49 states with a gross leasable area of approximately 36.1 million square feet and a weighted average remaining lease term of 10.0 years. For more information on the company, visit www.nnnreit.com.