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. reports recurring developments tied to its real estate investment trust portfolio of primarily retail properties leased under long-term net leases. Company news commonly covers net earnings, AFFO, annual base rent, portfolio occupancy, remaining lease term, property acquisitions and dispositions, and guidance for operating performance and investment activity.
Updates also include common dividend declarations, dividend tax classifications, at-the-market common stock issuance, unsecured debt financing, liquidity and debt-maturity disclosures, and board governance changes. The company’s property categories include convenience stores, automotive service properties, restaurants, theatres, entertainment venues, dealerships, and other retail-related assets.
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 33rd 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.
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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.
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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.