National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2020, the company owned 3,114 properties in 48 states with a gross leasable area of approximately 32.4 million square feet and with a weighted average remaining lease term of 10.7 years.
IPO Year:
Exchange: NYSE
Website: nnnreit.com
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 |
1/3/2023 | $42.00 → $52.00 | Hold → Buy | Jefferies |
10/20/2022 | $48.00 | Outperform | Oppenheimer |
4 - NNN REIT, INC. (0000751364) (Issuer)
4 - NNN REIT, INC. (0000751364) (Issuer)
4 - NNN REIT, INC. (0000751364) (Issuer)
4 - NNN REIT, INC. (0000751364) (Issuer)
4 - NNN REIT, INC. (0000751364) (Issuer)
4 - NNN REIT, INC. (0000751364) (Issuer)
4 - NNN REIT, INC. (0000751364) (Issuer)
4 - NNN REIT, INC. (0000751364) (Issuer)
4 - NNN REIT, INC. (0000751364) (Issuer)
4 - NNN REIT, INC. (0000751364) (Issuer)
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
-- 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. Steve Horn, Chief Executive Officer, commented: "Maintaining a multi-year perspective has kept NNN in position to increase the annual dividend for the 35th consecutive ye
NNN REIT (NYSE:NNN): 34 Years of Annual Dividend Increases SAN FRANCISCO, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- NNN REIT, Inc. (NYSE:NNN), a real estate investment trust, invests primarily in high-quality retail properties subject to long-term leases. As of March 31, 2024, the company owned 3,546 properties in 49 states with a gross leasable area of approximately 36.1 million square feet and with a weighted average remaining lease term of 10.0 years. Click to view the NNN REIT Fact Sheet Click to view the NNN REIT Investor Presentation President and CEO Steve Horn talks to Advisor Access about the company's strategy that has led to 34 successive years of dividend growth. Advisor A
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 First Quarter 2024 Highlights: FFO and Core FFO per share
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. Wells Fargo Bank, National Association, and Bank of America, N.A., served as the Joint Lead Arrangers and Joint Bookrunners on the credit facili
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 infor
ORLANDO, Fla., Feb. 8, 2024 /PRNewswire/ -- NNN REIT, Inc. (NYSE:NNN), a real estate investment trust, today announced operating results for the quarter and year ended December 31, 2023. Highlights include: Operating Results: Revenues and net earnings, FFO, Core FFO and AFFO available to common stockholders and diluted per share amounts:Quarter Ended Year Ended December 31, December 31, 2023 2022 2023 2022 (in thousands, except per share data) Revenues $ 216,231 $ 198,520 $ 828,111 $ 773,053 Net earnings available to common stockholders $ 96,682 $ 90,662 $ 392,340 $ 334,626 Net earnings per common share $ 0.53 (1) $ 0.50 $ 2.16 (1) $ 1.89 FFO available to common stockholders $ 151,712 $ 142
ORLANDO, Fla., Jan. 16, 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 February 15, 2024 to shareholders of record as of January 31, 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 September 30, 2023, the company owned 3,511 properties in 49 states with a gross leasable area of approximately 35.8 million square feet and a weighted average remaining lease term of 10.1 years. For
10-Q - NNN REIT, INC. (0000751364) (Filer)
8-K - NNN REIT, INC. (0000751364) (Filer)
424B5 - NNN REIT, INC. (0000751364) (Filer)
10-Q - NNN REIT, INC. (0000751364) (Filer)
8-K - NNN REIT, INC. (0000751364) (Filer)
8-K - NNN REIT, INC. (0000751364) (Filer)
424B5 - NNN REIT, INC. (0000751364) (Filer)
FWP - NNN REIT, INC. (0000751364) (Subject)
424B5 - NNN REIT, INC. (0000751364) (Filer)
8-K - NNN REIT, INC. (0000751364) (Filer)
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
-- 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. Steve Horn, Chief Executive Officer, commented: "Maintaining a multi-year perspective has kept NNN in position to increase the annual dividend for the 35th consecutive ye
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 $500,000,00 of 5.500% senior unsecured notes due 2034 (the "notes"). 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, 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)
NNN REIT (NYSE:NNN): 34 Years of Annual Dividend Increases SAN FRANCISCO, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- NNN REIT, Inc. (NYSE:NNN), a real estate investment trust, invests primarily in high-quality retail properties subject to long-term leases. As of March 31, 2024, the company owned 3,546 properties in 49 states with a gross leasable area of approximately 36.1 million square feet and with a weighted average remaining lease term of 10.0 years. Click to view the NNN REIT Fact Sheet Click to view the NNN REIT Investor Presentation President and CEO Steve Horn talks to Advisor Access about the company's strategy that has led to 34 successive years of dividend growth. Advisor A
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 First Quarter 2024 Highlights: FFO and Core FFO per share
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. Wells Fargo Bank, National Association, and Bank of America, N.A., served as the Joint Lead Arrangers and Joint Bookrunners on the credit facili
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 infor
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,
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.
Wells Fargo analyst James Feldman maintains NNN REIT (NYSE:NNN) with a Equal-Weight and lowers the price target from $43 to $42.
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,
- SEC Filing
National Retail Props (NYSE:NNN) reported quarterly earnings of $0.83 per share which beat the analyst consensus estimate of $0.82 by 1.22 percent. The company reported quarterly sales of $215.407 million which beat the analyst consensus estimate of $211.462 million by 1.87 percent. This is a 5.54 percent increase over sales of $204.108 million the same period last year.
NNN REIT's (NYSE:NNN) short percent of float has fallen 9.52% since its last report. The company recently reported that it has 3.54 million shares sold short, which is 2.66% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.01 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
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
ORLANDO, Fla., Aug. 14, 2023 /PRNewswire/ -- NNN REIT, Inc. (NYSE:NNN), a real estate investment trust, today announced that Jonathan A. Adamo has been appointed Executive Vice President, Portfolio Operations. Mr. Adamo joined NNN in April of 2003 and currently serves as Senior Vice President, Head of Portfolio Operations, overseeing the asset management, leasing, underwriting, dispositions and development financing functions of the company. Mr. Adamo previously served in the acquisitions department from 2011 until August of 2022, most recently as Senior Vice President, and prior to his time with acquisitions, led the investment sales and disposition efforts for the company from 2006 to 2011
ORLANDO, Fla., Jan. 19, 2022 /PRNewswire/ -- National Retail Properties, Inc. (NYSE:NNN) today announced that Julian E. ("Jay") Whitehurst, President and Chief Executive Officer ("CEO"), will retire and step down as a member of the Board of Directors effective April 28, 2022. Stephen A. ("Steve") Horn, Jr., currently Executive Vice President and Chief Operating Officer, will assume the role of President and CEO as of April 29, 2022. Mr. Whitehurst has served as a director of the company since February 2017, as Chief Executive Officer of the company since April 2017, and as President of the company since May 2006. Previously, Mr. Whitehurst served as Chief Operating Officer of the company fr
SAN FRANCISCO, April 13, 2021 (GLOBE NEWSWIRE) -- Despite the challenges imposed on the retail and real estate markets by the COVID-19 pandemic, National Retail Properties (NYSE:NNN) not only maintained its solid footing, but also continued its outstanding run of delivering annual dividend increases to its investors. The company's balance sheet remains solid, as does its focus on maintaining a portfolio of well-located properties and strong tenants. 3,143 properties in 48 statesRetail properties leased to 400 tenants in 37 lines of tradeIncreased annual dividends for 31 consecutive yearsTotal enterprise value over $10.6 billionAverage annual total return of 12% over 25 years Click HERE t
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
Exane BNP Paribas upgraded NNN REIT from Underperform to Neutral and set a new price target of $42.00
Wells Fargo initiated coverage of NNN REIT with a rating of Equal Weight and set a new price target of $40.00
Janney upgraded NNN REIT from Neutral to Buy and set a new price target of $48.00
Exane BNP Paribas initiated coverage of NNN REIT with a rating of Underperform and set a new price target of $42.00
Raymond James downgraded National Retail Properties from Strong Buy to Outperform and set a new price target of $50.00 from $48.00 previously
Jefferies upgraded National Retail Properties from Hold to Buy and set a new price target of $52.00 from $42.00 previously
Oppenheimer initiated coverage of National Retail Properties with a rating of Outperform and set a new price target of $48.00
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