NNN REIT Inc Stock Price, News & Analysis

National Retail Properties reported second quarter 2022 revenues of $190.8 million, up from $179.0 million in Q2 2021. Net earnings available to common stockholders reached $74.2 million, translating to $0.42 per share, up from $0.39 year-over-year. The company maintained a 99.1% occupancy rate, with investments totaling $153.8 million in new properties. Core FFO guidance for 2022 was raised to between $3.07 and $3.12 per share. The company also increased its common stock dividend by nearly 4%, marking its 33rd consecutive year of dividend increases.

National Retail Properties (NNN) announced a quarterly dividend of 55 cents per share, payable on August 15, 2022, to shareholders of record by July 29, 2022. This marks a 3.8% increase in the dividend, reflecting the company’s 33^rd consecutive annual dividend increase. NNN is among a select group of publicly traded companies with such a consistent track record. CEO Steve Horn highlighted the company’s robust balance sheet and disciplined capital strategy as keys to navigating economic uncertainties.

National Retail Properties (NNN) reported strong first-quarter results for 2022, with revenues of $190.3 million, up from $179.8 million in 2021. Net earnings surged to $81.4 million, a significant increase from $52.1 million the previous year. The company maintained high occupancy at 99.2% and invested $210.8 million in property acquisitions. Core FFO guidance for 2022 was raised to a range of $3.01 to $3.08 per share, reflecting an anticipated 6% growth. As of March 31, 2022, NNN owned 3,271 properties across 48 states, with a weighted average lease term of 10.6 years.

The Board of Directors of National Retail Properties declared a quarterly dividend of 53 cents per share, payable on May 16, 2022, to shareholders on record as of April 29, 2022. The company focuses on investing in high-quality retail properties under long-term net leases. As of December 31, 2021, it owned 3,223 properties across 48 states, offering a gross leasable area of approximately 32.8 million square feet and a weighted average remaining lease term of 10.6 years.

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.