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).
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The Board of Directors of National Retail Properties (NYSE: NNN) has declared a quarterly dividend of 55 cents per share, scheduled for payment on May 15, 2023, to shareholders on record as of April 28, 2023.
National Retail Properties has a strong dividend history, being one of only three publicly traded REITs to have increased annual dividends for over 33 consecutive years. The company focuses on high-quality retail properties under long-term net leases and, as of December 31, 2022, it owned 3,411 properties across 48 states, with a gross leasable area of approximately 35.0 million square feet and a weighted average remaining lease term of 10.4 years.
National Retail Properties, Inc. (NNN) reported strong operating results for the quarter and year ending December 31, 2022. Total revenues rose to $198.5 million for Q4 and $773.1 million for the year, marking increases from 2021. Net earnings available to shareholders grew to $90.7 million for Q4 and $334.6 million for the year. Key highlights include a 9.8% increase in annual Core FFO per share, maintaining a high occupancy rate of 99.4%, and a consistent annual dividend increase, marking 33 consecutive years. The company also raised $250.2 million from shares issued, underpinning its strong financial position.
National Retail Properties (NYSE:NNN) announced that 99.8301% of the dividends paid to common shareholders in 2022 are taxable distributions. The total dividend per share for 2022 was $2.16, marking the thirty-third consecutive annual increase. Of the total dividends, 99.8301% are classified as ordinary dividends, while only 0.1699% are non-taxable. The dividends are also eligible for a 20% qualified business income deduction under Section 199A. As of September 30, 2022, NNN owned 3,349 properties across 48 states, covering approximately 34.3 million square feet, with a weighted average remaining lease term of 10.4 years.
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