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The Power of Consistency is
Profound
NNN REIT, Inc. (NYSE: NNN) today announced Q3 2024 results. FFO, Core FFO and AFFO were $0.84/share, and AFFO was $0.84/share; FFO and Core FFO increased 3.7% over the prior year and occupancy was 99.3%. $113.6 million in property investments at an initial cash cap rate of 7.6%. Raised $178.9 million in net proceeds from the issuance of 3,863,700 common shares. NNN has a 12.3-year weighted average debt maturity. Previous 2024 Core FFO guidance was narrowed from a range of $3.27 to $3.33 per share to a range of $3.28 to $3.32 per share. Read More
| 1 Year | 5 Years | 10 Years | 15 Years | 20 Years | 25 Years | 30 Years | |
|---|---|---|---|---|---|---|---|
| NNN REIT | 44.9% | 2.0% | 8.4% | 10.9% | 10.8% | 13.0% | 11.8% |
| Indices | |||||||
| * NAREIT Equity REIT Index (FNERTR) | 34.6% | 5.1% | 8.0% | 10.7% | 8.3% | 10.2% | 9.9% |
| * Morgan Stanley REIT Index (RMS G) | 34.2% | 5.5% | 7.8% | 10.4% | 8.1% | 10.0% | N/A |
| S&P 500 Index (SPX) | 36.1% | 15.9% | 13.4% | 14.1% | 10.7% | 8.2% | 10.8% |
| * S&P 400 Index (MID) | 26.6% | 11.7% | 10.3% | 12.3% | 10.3% | 10.3% | 11.7% |
For Periods Ending September 30, 2024. Total Return comprised of stock price appreciation plus dividends paid.
* NNN is a member of this index. Source: Bloomberg
NNN REIT shareholders have enjoyed a 30-year average annual total return of 11.8% and we have increased our annual dividend for 35 consecutive years, the third longest track record of all REITs. Read More
Our portfolio is 99.3% occupied and we own 3,549 properties across 49 states leased to approximately 375 tenants in 37 different lines of trade. Read More
Our portfolio is 99.3% occupied and we own 3,549 properties across 49 states leased to approximately 375 tenants in 37 different lines of trade. Read More
Our portfolio is 99.3% occupied and we own 3,549 properties across 49 states leased to approximately 375 tenants in 37 different lines of trade. Read More
Our portfolio is 99.3% occupied and we own 3,549 properties across 49 states leased to approximately 375 tenants in 37 different lines of trade. Read More
Our portfolio is 99.3% occupied and we own 3,549 properties across 49 states leased to approximately 375 tenants in 37 different lines of trade. Read More
Our portfolio is 99.3% occupied and we own 3,549 properties across 49 states leased to approximately 375 tenants in 37 different lines of trade. Read More
The average tenure of an NNN REIT employee is 11 years, and our senior leadership averages 22 years. Almost half of our employees have been with the company for more than ten years. Learn More
© 2024 NNN REIT, Inc.
450 S. Orange Ave., Ste. 900,
Orlando,
FL 32801
1-800-NNN-REIT (1-800-666-7348)