The notes were offered at 5.662% of the principal amount with a yield to maturity of 98.768%. Interest on the notes will be payable semi-annually on June 15 and December 15 of each year,
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/4/2024 | $44.00 | Neutral → Underperform | Exane BNP Paribas |
| 11/1/2024 | Buy → Neutral | Colliers Securities | |
| 5/31/2024 | $41.00 | Neutral | UBS |
| 5/2/2024 | $42.00 | Underperform → Neutral | Exane BNP Paribas |
| 9/21/2023 | $40.00 | Equal Weight | Wells Fargo |
| 6/28/2023 | $48.00 | Neutral → Buy | Janney |
| 6/14/2023 | $42.00 | Underperform | Exane BNP Paribas |
| 1/9/2023 | $48.00 → $50.00 | Strong Buy → Outperform | Raymond James |
SC 13G/A - NNN REIT, INC. (0000751364) (Subject)
SC 13G/A - NNN REIT, INC. (0000751364) (Subject)
SC 13G - NNN REIT, INC. (0000751364) (Subject)
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 $ 154,32
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 inf
ORLANDO, Fla., Aug. 1, 2024 /PRNewswire/ -- NNN REIT, Inc. (NYSE:NNN), a real estate investment trust, today announced its operating results for the quarter and six months ended June 30, 2024. Highlights include: Operating Results: Revenues and net earnings, FFO, Core FFO and AFFO and diluted per share amounts:Quarter EndedJune 30, Six Months EndedJune 30, 2024 2023 2024 2023 (dollars in thousands, except per share data) Revenues $ 216,813 $ 202,640 $ 432,220 $ 406,748 Net earnings $ 106,666 $ 98,704 $ 201,037 $ 188,871 Net earnings per share $ 0.58 $ 0.54 $ 1.10 $ 1.04 FFO $ 152,380 $ 144,590 $ 303,641 $ 290,139 FFO per share $ 0.83 $ 0.80 $ 1.66 $ 1.60 Core FFO $ 152,533 $ 144,899 $ 304,11
Exane BNP Paribas downgraded NNN REIT from Neutral to Underperform and set a new price target of $44.00
Colliers Securities downgraded NNN REIT from Buy to Neutral
UBS initiated coverage of NNN REIT with a rating of Neutral and set a new price target of $41.00
4 - NNN REIT, INC. (0000751364) (Issuer)
4 - NNN REIT, INC. (0000751364) (Issuer)
4 - NNN REIT, INC. (0000751364) (Issuer)
UBS analyst Michael Goldsmith maintains NNN REIT (NYSE:NNN) with a Neutral and raises the price target from $41 to $46.
NNN REIT's (NYSE:NNN) short percent of float has fallen 8.88% since its last report. The company recently reported that it has 4.25 million shares sold short, which is 3.18% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.51 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is im
UBS analyst Michael Goldsmith initiates coverage on NNN REIT (NYSE:NNN) with a Neutral rating and announces Price Target of $41.
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 $ 154,32
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 inf
ORLANDO, Fla., Aug. 1, 2024 /PRNewswire/ -- NNN REIT, Inc. (NYSE:NNN), a real estate investment trust, today announced its operating results for the quarter and six months ended June 30, 2024. Highlights include: Operating Results: Revenues and net earnings, FFO, Core FFO and AFFO and diluted per share amounts:Quarter EndedJune 30, Six Months EndedJune 30, 2024 2023 2024 2023 (dollars in thousands, except per share data) Revenues $ 216,813 $ 202,640 $ 432,220 $ 406,748 Net earnings $ 106,666 $ 98,704 $ 201,037 $ 188,871 Net earnings per share $ 0.58 $ 0.54 $ 1.10 $ 1.04 FFO $ 152,380 $ 144,590 $ 303,641 $ 290,139 FFO per share $ 0.83 $ 0.80 $ 1.66 $ 1.60 Core FFO $ 152,533 $ 144,899 $ 304,11
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
InvenTrust Properties Corp. ("InvenTrust" or the "Company") (NYSE:IVT) today announced that Julian (Jay) E. Whitehurst has been unanimously appointed to Chairperson of InvenTrust's Board of the Directors. Mr. Whitehurst has been a director of the Company since 2017, and most recently served as Compensation Chair. Previous Chairperson Paula Saban will remain on the Board, serving on the Compensation and Nominating and Corporate Governance Committees. During her tenure, Ms. Saban successfully guided the Company through several significant strategic events, including transitioning to a premier Sun Belt grocery-anchored shopping center REIT, navigating the unprecedented challenges caused by the
10-Q - NNN REIT, INC. (0000751364) (Filer)
8-K - NNN REIT, INC. (0000751364) (Filer)
424B5 - NNN REIT, INC. (0000751364) (Filer)