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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/31/2025 | $42.00 | In-line | Evercore ISI |
| 1/15/2025 | $43.00 | Buy → Neutral | Janney |
| 1/15/2025 | $48.00 | Equal-Weight → Overweight | Morgan Stanley |
| 1/2/2025 | $52.00 → $43.00 | Buy → Hold | Jefferies |
| 12/17/2024 | $48.00 | Overweight | Barclays |
| 12/11/2024 | $46.00 | Hold | Deutsche Bank |
| 12/4/2024 | $49.00 → $46.50 | Buy | B. Riley Securities |
| 11/4/2024 | $44.00 | Neutral → Underperform | Exane BNP Paribas |
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: Revenues and net earnings, FFO, Core FFO and AFFO and diluted per share amounts: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 $
Addresses Sale Speculation Modiv Industrial, Inc. ("Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced its latest independent, third-party appraisal of its assets resulting in an updated Net Asset Value ("NAV") of $24.11 per share as of December 31, 2024. The following is a statement from Aaron Halfacre, CEO of Modiv Industrial: "This year we engaged Cushman & Wakefield to conduct an appraisal of our 43 properties and to value our three fixed rate mortgages. Their estimates of value were then used to calculate our net asset value (NAV) per share as delineated in the table further b
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.
Evercore ISI initiated coverage of NNN REIT with a rating of In-line and set a new price target of $42.00
Janney downgraded NNN REIT from Buy to Neutral and set a new price target of $43.00
Morgan Stanley upgraded NNN REIT from Equal-Weight to Overweight and set a new price target of $48.00
4 - NNN REIT, INC. (0000751364) (Issuer)
4 - NNN REIT, INC. (0000751364) (Issuer)
4 - NNN REIT, INC. (0000751364) (Issuer)
DEF 14A - NNN REIT, INC. (0000751364) (Filer)
8-K - NNN REIT, INC. (0000751364) (Filer)
SCHEDULE 13G/A - NNN REIT, INC. (0000751364) (Subject)
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. Mr. Habicht has served as Executive Vice President and Chief Financial Officer of the Company
Waives Option to Classify Board Under Maryland Law Independence Realty Trust, Inc. (NYSE:IRT) ("IRT" or the "Company") today announced the appointment of Craig Macnab to its Board of Directors (the "Board"), effective February 29, 2024. Mr. Macnab brings over 20 years of experience to IRT's Board after serving in various executive and board roles in the REIT industry, including most recently as CEO of National Retail Properties, Inc. (NYSE:NNN) for 13 years. Mr. Macnab's appointment increases the size of IRT's Board to 10 members, including 8 independent directors. In connection with this announcement, the Company has entered into a cooperation agreement with Argosy-Lionbridge Management,
ORLANDO, Fla., Nov. 21, 2023 /PRNewswire/ -- NNN REIT, Inc. (NYSE:NNN), a real estate investment trust, today announced that Christopher P. Tessitore, Executive Vice President and General Counsel, will retire effective January 1, 2024. Gina M. Steffens will succeed Mr. Tessitore as Executive Vice President and General Counsel. Ms. Steffens will join the company as of November 30, 2023. Mr. Tessitore has served as Executive Vice President of the Company since January 2007, as General Counsel since February 2006 and as Secretary since May 2006. He also previously served as Senior Vice President and Assistant General Counsel of the Company from 2005 to 2006. Prior to March 2005, Mr. Tessitore
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: Revenues and net earnings, FFO, Core FFO and AFFO and diluted per share amounts: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 $
Addresses Sale Speculation Modiv Industrial, Inc. ("Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced its latest independent, third-party appraisal of its assets resulting in an updated Net Asset Value ("NAV") of $24.11 per share as of December 31, 2024. The following is a statement from Aaron Halfacre, CEO of Modiv Industrial: "This year we engaged Cushman & Wakefield to conduct an appraisal of our 43 properties and to value our three fixed rate mortgages. Their estimates of value were then used to calculate our net asset value (NAV) per share as delineated in the table further b
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.
SC 13G/A - NNN REIT, INC. (0000751364) (Subject)
SC 13G/A - NNN REIT, INC. (0000751364) (Subject)
SC 13G/A - NNN REIT, INC. (0000751364) (Subject)