ORLANDO, Fla., Feb. 11, 2025 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced operating results for the quarter and year ended December 31, 2024.  Highlights include:

Operating Results:

Quarter Ended

Year Ended

December 31,

December 31,

2024

2023

2024

2023

(in thousands, except per share data)

Revenues

$

218,482

$

216,231

$

869,266

$

828,111

Net earnings

$

97,894

$

96,682

$

396,835

$

392,340

Net earnings per share

$

0.52

$

0.53

(1)

$

2.15

$

2.16

(1)

FFO

$

152,689

$

151,712

$

610,501

$

589,074

FFO per share

$

0.82

$

0.83

(1)

$

3.32

$

3.24

(1)

Core FFO

$

152,731

$

154,281

$

611,169

$

592,528

Core FFO per share

$

0.82

$

0.85

(1)

$

3.32

$

3.26

(1)

AFFO

$

154,057

$

148,997

$

616,613

$

591,523

AFFO per share

$

0.82

$

0.82

$

3.35

$

3.26

ORLANDO, Fla., Jan. 14, 2025 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced that 99.8471% of the dividends paid to common shareholders in 2024 are classified for federal income tax purposes as a taxable distribution. The tax attributes of the dividends paid per share are outlined below.

Total

Dividend

Ordinary

Dividends

(Box 1a)

Non-taxable

Distributions

(Box 3)

Section 199A

Dividends (1)

(Box 5)

Common Stock (CUSIP: 637417106)

100.0000 %

99.8471 %

0.1529 %

99.8471 %

$2.290000

$2.286498

$0.003502

$2.286498

(1) Dividends eligible for the 20% qualified business income deduction under

     Section 199A and included in box 1a, Ordinary Dividends.

ORLANDO, Fla., Jan. 14, 2025 /PRNewswire/ -- The Board of Directors of NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced a quarterly dividend of 58 cents per share payable February 14, 2025 to shareholders of record as of January 31, 2025. NNN is one of only three publicly traded REITs to have increased its annual dividend for 35 or more consecutive years.

NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2024, the Company owned 3,549 properties in 49 states with a gross leasable area of approximately 36.6 million square feet and a weighted average remaining lease term of 10.0 years. For more information on the company, visit www.nnnreit.com.

ORLANDO, Fla., Jan. 6, 2025 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced that Kevin B. Habicht, Executive Vice President, Chief Financial Officer, Assistant Secretary, Treasurer and the Company's principal financial officer, will retire and step down as a member of the Board of Directors effective March 31, 2025.  Vincent H. Chao will join NNN as Executive Vice President on January 9, 2025, and assume the positions of Chief Financial Officer, Assistant Secretary and Treasurer and serve as the Company's principal financial officer effective April 1, 2025.

ORLANDO, Fla., Oct. 31, 2024 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced its operating results for the quarter and nine months ended September 30, 2024. Highlights include:

Operating Results:

Quarter EndedSeptember 30,

Nine Months EndedSeptember 30,

2024

2023

2024

2023

(dollars in thousands, except per share data)

Revenues

$

218,564

$

205,132

$

650,784

$

611,880

Net earnings

$

97,904

$

106,787

$

298,941

$

295,658

Net earnings per share

$

0.53

$

0.59

$

1.63

$

1.63

FFO

$

154,171

$

147,223

$

457,812

$

437,362

FFO per share

$

0.84

$

0.81

$

2.50

$

2.41

Core FFO

$

154,327

$

147,376

$

458,438

$

438,247

Core FFO per share

$

0.84

$

0.81

$

2.50

$

2.42

AFFO

$

155,701

$

148,281

$

462,556

$

442,526

AFFO per share

$

0.84

$

0.82

$

2.52

$

2.44

ORLANDO, Fla., Oct. 15, 2024 /PRNewswire/ -- The Board of Directors of NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced a quarterly dividend of 58 cents per share payable November 15, 2024 to shareholders of record as of October 31, 2024.  NNN is one of only three publicly traded REITs to have increased its annual dividend for 35 or more consecutive years.

NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases.  As of June 30, 2024, the Company owned 3,548 properties in 49 states with a gross leasable area of approximately 36.1 million square feet and a weighted average remaining lease term of 10.0 years. For more information on the company, visit www.nnnreit.com.

-- Marks 35th Consecutive Annual Dividend Increase --

ORLANDO, Fla., July 15, 2024 /PRNewswire/ -- The Board of Directors of NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced a quarterly dividend of 58 cents per share payable August 15, 2024 to shareholders of record as of July 31, 2024. The 2.7% increase in the quarterly dividend marks the 35th consecutive annual dividend increase. NNN is one of only three publicly traded REITs to have increased its annual dividend for 35 or more consecutive years.

ORLANDO, Fla., May 21, 2024 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN) (the "Company"), a real estate investment trust, today announced that it has priced its public offering of $500,000,000 of 5.500% senior unsecured notes due 2034 (the "notes").  The notes were offered at 98.768% of the principal amount with a yield to maturity of 5.662%. Interest on the notes will be payable semi-annually on June 15 and December 15 of each year, commencing on December 15, 2024. The notes mature on June 15, 2034. The offering is expected to close on or about May 29, 2024, subject to customary closing conditions. BofA Securities, Inc., Wells Fargo Securities, LLC, PNC Capital Markets LLC, TD Securities (USA) LLC, Truist Securities, Inc., RBC Capital Markets, LLC and U.S. Bancorp Investments, Inc. are acting as joint book-running managers, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC and SMBC Nikko Securities America, Inc. are acting as senior co-managers, and Raymond James & Associates, Inc. and Stifel, Nicolaus & Company, Incorporated are acting as co-managers for the offering. The Company intends to use the net proceeds from the offering of the notes to repay all of the outstanding indebtedness under its credit facility, to fund future property acquisitions and for general corporate purposes, including potentially for the repayment of other debt or the repurchase, redemption, or retirement of outstanding debt securities, including some or all of its 3.900% Notes due June 15, 2024, or a combination of the foregoing.

ORLANDO, Fla., May 1, 2024 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced its operating results for the quarter ended March 31, 2024. Highlights include:

Operating Results:

Quarter EndedMarch 31,

2024

2023

(dollars in thousands, except per share data)

Revenues

$

215,407

$

204,108

Net earnings

$

94,371

$

90,167

Net earnings per share

$

0.52

$

0.50

FFO

$

151,261

$

145,549

FFO per share

$

0.83

$

0.80

Core FFO

$

151,578

$

145,972

Core FFO per share

$

0.83

$

0.80

AFFO

$

153,259

$

148,166

AFFO per share

$

0.84

$

0.82

ORLANDO, Fla., April 16, 2024 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced the amendment of its unsecured bank credit facility. The amendment increases the available borrowing capacity under the credit facility from $1.1 billion to $1.2 billion. The amended facility matures April 2028, with options to extend maturity to April 2029. All other material loan provisions, including pricing, are unchanged. The amended facility also includes an accordion feature to increase the facility size up to $2.0 billion.