Welcome to our dedicated page for NNN REIT news (Ticker: NNN), a resource for investors and traders seeking the latest updates and insights on NNN REIT stock.
NNN REIT Inc (NYSE: NNN) is a leading real estate investment trust specializing in single-tenant retail properties across the United States. This page serves as your centralized source for official company announcements, financial updates, and strategic developments.
Access timely updates including quarterly earnings reports, property acquisitions, lease renewals, and dividend declarations. Our curated news collection helps investors track operational performance through key metrics, portfolio expansion efforts, and management commentary.
Discover press releases covering NNN's focus on net lease investments, tenant diversification strategies, and geographic expansion in high-growth markets. Stay informed about the REIT's adherence to disciplined capital allocation and its impact on funds from operations (FFO).
Bookmark this page for direct access to primary source materials from NNN REIT Inc, ensuring you never miss critical updates affecting this retail property specialist. Check regularly for new filings and analysis-ready information presented in clear, accessible format.
NNN REIT, Inc. (NYSE: NNN) has announced a 2.7% increase in its quarterly dividend to 58 cents per share, payable on August 15, 2024, to shareholders of record as of July 31, 2024. This marks the 35th consecutive annual dividend increase for the company, making it one of only three publicly traded REITs to achieve this milestone. CEO Steve Horn attributes this consistent growth to a disciplined capital deployment strategy and a strong, flexible balance sheet.
As of March 31, 2024, NNN REIT owned 3,546 properties across 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. The company primarily invests in high-quality retail properties subject to long-term, net leases.
On May 21, 2024, NNN REIT announced the pricing of its public offering of $500 million in 5.500% senior unsecured notes due 2034. The notes were offered at 5.662% of the principal amount, with a yield to maturity of 98.768%, and interest will be paid semi-annually starting December 15, 2024. The offering is expected to close on May 29, 2024, subject to customary closing conditions. Net proceeds will be used to repay outstanding credit facility debt, fund future property acquisitions, and for general corporate purposes. The company owns 3,546 properties across 49 states, with a gross leasable area of 36.1 million square feet and an average remaining lease term of 10 years.
On May 21, 2024, NNN REIT announced the pricing of its public offering of $500 million of 5.500% senior unsecured notes due 2034. The notes were offered at 98.768% of the principal amount, yielding a 5.662% maturity rate, with the offering expected to close on May 29, 2024, subject to customary conditions. Proceeds will be used for repaying current debt, funding new property acquisitions, and general corporate purposes. The notes will have semi-annual interest payments starting on December 15, 2024, maturing on June 15, 2034. Major financial institutions are managing the offering. As of March 31, 2024, NNN REIT owned 3,546 properties across 49 states with a gross leasable area of approximately 36.1 million square feet and an average remaining lease term of 10 years.
NNN REIT, Inc. (NYSE: NNN) announced its first quarter 2024 operating results, showcasing revenue growth and increased per share metrics. The company maintained high occupancy levels and made significant property investments, while also issuing new common shares. CEO Steve Horn emphasized the company's stability, strong portfolio, and future value creation for shareholders.
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