NNN REIT Inc Stock Price, News & Analysis

The Board of Directors of National Retail Properties (NYSE: NNN) has 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 September 15, 2021, to shareholders of record as of August 31, 2021. The company, as of June 30, 2021, owns 3,173 properties across 48 states, encompassing approximately 32.7 million square feet with an average remaining lease term of 10.6 years.

National Retail Properties reported solid operating results for Q2 and H1 2021, with revenues of $179 million for the quarter and $358 million year-to-date. Net earnings surged to $68.5 million for the quarter, up from $41.8 million YoY. The company maintained high occupancy at 98.3% and collected about 99% of rent due. NNN invested $102.9 million in property acquisitions and expanded its credit line to $1.1 billion. Core FFO guidance for 2021 was raised to $2.75-$2.80 per share, showcasing a positive outlook for continued growth.

National Retail Properties (NYSE: NNN) has declared a quarterly dividend of 53 cents per share, payable on August 16, 2021. This marks the 32nd consecutive annual dividend increase, a distinction shared by only three publicly traded REITs and 86 companies in the U.S. This achievement demonstrates the company's resilience and consistent growth despite economic challenges. As of March 31, 2021, NNN owned 3,161 properties across 48 states, with a weighted average remaining lease term of 10.6 years.

National Retail Properties, Inc. (NYSE: NNN) has amended its unsecured bank credit facility, increasing its borrowing capacity from $900 million to $1.1 billion. The amendment reduces pricing from LIBOR plus 87.5 basis points to LIBOR plus 77.5 basis points, with potential further reductions tied to ESG metrics. The facility matures in June 2025 with options to extend to June 2026, and features an accordion option to increase size to $2.0 billion. The CFO highlighted the enhancement in financial flexibility for acquisition opportunities.

National Retail Properties (NYSE: NNN) has 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 June 15, 2021 to shareholders of record as of May 28, 2021. As of March 31, 2021, the company owns 3,161 properties across 48 states, with a total gross leasable area of approximately 32.7 million square feet and a weighted average remaining lease term of 10.6 years.

National Retail Properties reported Q1 2021 results, revealing a revenue increase to $179.8 million from $175.1 million in Q1 2020. However, net earnings dropped to $52.1 million, down from $60.7 million year-over-year. AFFO per share rose to $0.76, reflecting a strong recovery in rent collections, with 97% of rent collected for the quarter. The company maintained a high occupancy rate of 98.3% and increased its Core FFO guidance for 2021 to $2.70-$2.75 per share. The financial position shows $311.2 million in cash and no debt drawn from its credit facility, reinforcing its acquisition strategy.

National Retail Properties (NYSE: NNN) will hold its Annual Meeting of stockholders on May 12, 2021, at 8:30 a.m., via webcast to minimize COVID-19 risks. Stockholders are encouraged to attend online instead of in-person. Access the meeting at https://agm.issuerdirect.com/NNN. Voting cannot be conducted through the webcast, so stockholders should vote using their proxy materials. As of December 31, 2020, NNN owned 3,143 properties across 48 states, boasting a gross leasable area of 32.5 million square feet.

The Board of Directors of National Retail Properties (NYSE: NNN) has declared a quarterly dividend of 52 cents per share, payable on May 14, 2021, to shareholders on record as of April 30, 2021. NNN boasts a strong track record, being among only three publicly traded REITs to have increased annual dividends for over 31 consecutive years. As of December 31, 2020, the company owned 3,143 properties across 48 states, with a gross leasable area of approximately 32.5 million square feet and a weighted average remaining lease term of 10.7 years.

National Retail Properties, Inc. (NYSE: NNN) is redeeming all outstanding 3.30% Notes due March 2023 on March 12, 2021. The redemption price includes 100% of the principal amount plus a Make-Whole Amount of $21,327,880.22 and accrued interest. As of March 2, 2021, approximately $350 million of the Notes remains outstanding. U.S. Bank National Association will be the paying agent. The company, which invests in retail properties on long-term leases, owned 3,143 properties across 48 states as of December 31, 2020.