National Retail Properties, Inc. Declares Dividend For Its 5.20% Series F Preferred Stock
On November 16, 2020, National Retail Properties (NYSE: NNN) declared a cash dividend of 32.5 cents per share on its 5.20% Series F Cumulative Redeemable Preferred Stock.
Sentiment and the balance of points
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Rhea-AI Summary
On November 16, 2020, National Retail Properties (NYSE: NNN) declared a cash dividend of 32.5 cents per share on its 5.20% Series F Cumulative Redeemable Preferred Stock. This dividend is payable on December 15, 2020, to shareholders of record as of November 30, 2020. The company, which invests in high-quality retail properties, owned 3,114 properties across 48 states as of September 30, 2020, with a gross leasable area of approximately 32.4 million square feet and a weighted average remaining lease term of 10.7 years.
Positive
- Declared a cash dividend of 32.5 cents per depositary share.
- Strong portfolio with 3,114 properties across 48 states.
- Long-term leases with a weighted average remaining lease term of 10.7 years.
Negative
- None.
Details
News Market Reaction – NNN
The recorded move for NNN in the trading session of this news was +5.03%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ORLANDO, Fla., Nov. 16, 2020 /PRNewswire/ -- The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a cash dividend on its
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2020, the company owned 3,114 properties in 48 states with a gross leasable area of approximately 32.4 million square feet and with a weighted average remaining lease term of 10.7 years. For more information on the company, visit www.nnnreit.com.
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SOURCE National Retail Properties, Inc.
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