National Retail Properties, Inc.
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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:
Revenues and net earnings, FFO, Core FFO and AFFO and diluted per share amounts:
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:
Revenues and net earnings, FFO, Core FFO and AFFO and diluted per share amounts: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.
ORLANDO, Fla., April 15, 2024 /PRNewswire/ -- The Board of Directors of NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced a quarterly dividend of 56.5 cents per share payable May 15, 2024 to shareholders of record as of April 30, 2024. NNN is one of only three publicly traded REITs to have increased its annual dividend for 34 or more consecutive years.
NNN REIT invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2023, the company owned 3,532 properties in 49 states with a gross leasable area of approximately 36.0 million square feet and a weighted average remaining lease term of 10.1 years. For more information on the company, visit www.nnnreit.com.
