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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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National Retail Properties, Inc. (NYSE: NNN) announced the appointment of Stephen A. Horn, Jr. to its Board of Directors. As the current Executive Vice President and COO, Horn will transition to the roles of Chief Executive Officer and President effective April 29, 2022. Chairman Steven D. Cosler expressed confidence in Horn's strategic insights and knowledge of the net lease market, anticipating his contribution to long-term shareholder value. As of December 31, 2021, NNN owns 3,223 properties across 48 states, with a gross leasable area of 32.8 million square feet and a weighted average remaining lease term of 10.6 years.
National Retail Properties (NYSE: NNN) reported strong financial results for the year ended December 31, 2021, with revenues increasing to $726.4 million from $660.7 million in 2020. Net earnings rose to $264.2 million, with an annual dividend increase to $2.10, marking 32 consecutive years of dividend growth. The company maintained a high occupancy rate of 99% and made significant property investments totaling $555.4 million. Core FFO guidance for 2022 was raised to a range between $2.93 and $3.00 per share. The company ended the year with $171.3 million in cash.
The Board of Directors of National Retail Properties, Inc. (NYSE: NNN) announced a quarterly dividend of 53 cents per share, payable on February 15, 2022. Shareholders of record as of January 31, 2022 will receive this distribution. As of September 30, 2021, the company owned 3,195 properties across 48 states, amounting to approximately 33 million square feet of gross leasable area with a weighted average remaining lease term of 10.6 years.
National Retail Properties (NYSE: NNN) announced that in 2021, 76.9406% of dividends to common shareholders were classified as taxable distributions. The total common stock dividend was $2.10 per share, marking the thirty-second consecutive annual increase. 100% of Preferred Series F dividends were also taxable. This consistency highlights the company's commitment to returning value to shareholders, even in challenging times. As of September 30, 2021, the company owned 3,195 properties across 48 states, emphasizing its robust portfolio.
National Retail Properties, Inc. (NYSE: NNN) announced the appointment of Kamau Witherspoon to its Board of Directors. Witherspoon, the Senior Vice President of Operations at Target, brings extensive experience from significant roles in Target, Yum Brands, and the U.S. Navy. His insights are expected to enhance NNN's business strategy and execution. As of September 30, 2021, NNN owned 3,195 properties across 48 states, with a total gross leasable area of approximately 33.0 million square feet and a weighted average remaining lease term of 10.6 years.
National Retail Properties (NNN) reported strong operating results for Q3 2021, with revenues rising to $180.4 million compared to $158.6 million in Q3 2020. Net earnings increased to $78.4 million or $0.45 per share, up from $51.6 million or $0.30 per share in the prior year. The company maintained a high occupancy rate of 98.6% and collected approximately 99% of rent due. NNN invested $246.8 million in property acquisitions during the quarter, increasing its portfolio to 3,195 properties. Core FFO guidance for 2021 has been raised to $2.80 - $2.84 per share.
The Board of Directors of National Retail Properties (NYSE: NNN) has declared a quarterly dividend of 53 cents per share, payable on November 15, 2021 to shareholders of record on October 29, 2021. The company primarily invests in high-quality retail properties, owning 3,173 properties across 48 states, with a gross leasable area of approximately 32.7 million square feet and an average remaining lease term of 10.6 years.
National Retail Properties, Inc. (NYSE: NNN) announced the redemption of all outstanding shares of its 5.200% Series F Cumulative Redeemable Preferred Stock. The redemption will occur on October 16, 2021, at a value of $25.00 per share, totaling $25.111944 including accrued dividends. The shares will cease to accrue dividends on the redemption date. As of June 30, 2021, the company owned 3,173 retail properties across 48 states, with an average lease term of 10.6 years.
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