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 an equity real estate investment trust that focuses on high-quality properties generally subject to long-term, net leases. This news page aggregates company-issued press releases and market updates so readers can follow how NNN manages its portfolio, finances growth and communicates with shareholders.
Recent news for NNN REIT, Inc. includes quarterly and annual dividend declarations, detailed earnings releases, capital markets transactions and portfolio activity. The company regularly announces its quarterly results, highlighting metrics such as net earnings per share, Funds From Operations (FFO), Core FFO, Adjusted Funds From Operations (AFFO), occupancy, annual base rent and acquisition and disposition volumes. These releases provide insight into how the portfolio of thousands of properties across all 50 states is performing over time.
Investors can also track dividend developments, including NNN’s long record of consecutive annual dividend increases, and tax information such as the federal income tax classification of dividends and the portion treated as Section 199A dividends. Capital structure updates appear in news items covering senior unsecured note offerings, term loan facilities, amendments to the revolving credit facility and related interest rate hedging activity.
Because NNN REIT, Inc. uses non-GAAP measures widely followed in the REIT industry, its news releases often include definitions and reconciliations for FFO, Core FFO, AFFO and EBITDAre, along with commentary from management on strategy and balance sheet positioning. Bookmark this page to review NNN’s latest earnings announcements, dividend declarations, financing transactions and other corporate developments as they are released.
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.
National Retail Properties, Inc. (NYSE: NNN) has priced its public offering of $450 million in 3.000% senior unsecured notes due 2052, offered at 97.684% of the principal amount. The notes yield 3.118% and will pay interest semi-annually starting April 15, 2022. The offering is set to close around September 24, 2021, pending customary conditions. Proceeds will be used to redeem 13.8 million outstanding depositary shares related to 5.200% Series F Cumulative Redeemable Preferred Stock. The Company owned 3,173 properties with an average lease term of 10.6 years as of June 30, 2021.
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.