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.
On November 16, 2020, National Retail Properties (NYSE: NNN) 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 December 15, 2020, to shareholders of record as of November 30, 2020. The company, which invests in high-quality retail properties, owned 3,114 properties across 48 states as of September 30, 2020, with a gross leasable area of approximately 32.4 million square feet and a weighted average remaining lease term of 10.7 years.
National Retail Properties, Inc. (NYSE: NNN) reported its Q3 and nine-month results for 2020, showing revenues of $158.6 million, down from $168.6 million in Q3 2019. Net earnings decreased to $51.6 million, with FFO per share dropping to $0.62 from $0.70 a year prior. Despite challenges from COVID-19, the company collected approximately 90% of rents due for Q3 and 94% in October. Portfolio occupancy remained high at 98.4%. As of September 30, NNN owned 3,114 properties with a 10.7-year average lease term, maintaining a solid liquidity position with $294.9 million in cash.
National Retail Properties, Inc. (NYSE: NNN) has declared a quarterly dividend of 52 cents per share, payable on November 16, 2020. Shareholders on record as of October 30, 2020 will receive this payment. NNN is notable for being one of only three publicly traded REITs and part of 86 companies in the U.S. that have increased dividends for over 31 consecutive years. The company owns 3,117 properties across 48 states, with a total leasable area of approximately 32.5 million square feet.
National Retail Properties has appointed Stephen A. Horn, Jr. as Chief Operating Officer, while he continues as Executive Vice President. With 17 years at the company, Horn has overseen $4.5 billion in property acquisitions since 2014, enhancing the portfolio to over 3,100 properties. CEO Jay Whitehurst praised Horn’s extensive experience and commitment to the company’s strategy. The company focuses on high-quality retail properties with long-term net leases, managing 3,117 properties across 48 states as of June 30, 2020.
On August 14, 2020, National Retail Properties (NYSE: NNN) announced a cash dividend of 32.5 cents per share on its 5.20% Series F Cumulative Redeemable Preferred Stock. The dividend is payable on September 15, 2020, to shareholders of record as of August 31, 2020. As of June 30, 2020, the company owns 3,117 properties across 48 states, with a total gross leasable area of approximately 32.5 million square feet and a weighted average remaining lease term of 10.9 years.
National Retail Properties reported its second quarter 2020 results with revenues of $163.7 million, slightly down from $164.8 million in 2019. Net earnings fell to $41.8 million compared to $70.1 million last year. The company ended the quarter with a strong balance sheet, including $224.6 million in cash. Portfolio occupancy remained high at 98.7%. NNN collected approximately 69% of rents due for the quarter, with 21% of rents deferred. The firm raised $52.6 million from issuing shares and increased its common stock dividend, marking 31 consecutive years of increases.
The Board of Directors of National Retail Properties (NYSE: NNN) has declared a quarterly dividend of 52 cents per share, payable on August 14, 2020, to shareholders on record as of July 31, 2020. This marks the 31st consecutive annual dividend increase, positioning NNN as one of only three publicly traded REITs and 86 companies in the U.S. with such a record. CEO Jay Whitehurst highlighted this achievement as indicative of the company's effective long-term strategy in investing in high-quality retail properties across 48 states.