NNN REIT, Inc. (NYSE: NNN) today announced that 98.3245% of the dividends paid to common shareholders in 2023 are classified for federal income tax purposes as a taxable distribution.
NNN REIT, Inc. (NYSE: NNN) 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. Ms. Steffens will join the company as of November 30, 2023.
NNN REIT, Inc. (NYSE: NNN) today announced Third Quarter 2023 results and increased 2023 guidance. FFO and Core FFO were $0.81/share and AFFO was $0.82/share; 2023 Core FFO guidance was raised to a range of $3.19-$3.23/share. FFO increased 2.5% and occupancy was 99.2%. $212.5 million was invested in real estate, including 46 properties. NNN’s 30-year average annual total return is 11.1%.
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 November 15, 2023 to shareholders of record as of October 31, 2023. NNN is one of only three publicly traded REITs to have increased its annual dividend for 34 or more consecutive years.
NNN REIT, Inc. (NYSE: NNN) today announced the pricing of its public offering of $500 Million of 5.600% senior unsecured notes due 2033. The notes were offered at 97.676% of the principal amount with a yield to maturity of 5.905%. Interest on the notes will be payable semi-annually on April 15 and October 15 of each year, commencing on April 15, 2024. The notes mature on October 15, 2033. NNN intends to use the proceeds to repay all of the outstanding indebtedness under its credit facility, to fund future property acquisitions and for general corporate purposes.
NNN REIT, Inc. (NYSE: NNN) today announced Second Quarter 2023 results and increased 2023 guidance. FFO, Core FFO and AFFO were all $0.80 per share and 2023 Core FFO guidance was raised to a range of $3.17-$3.22 per share. FFO increased 3.9% and occupancy held at 99.4%. $181.3 million was invested in real estate, including 36 properties. NNN’s 30-year average annual total return is 11.1%.
NNN REIT, Inc. (NYSE: NNN) announced a quarterly dividend of 56.5 cents per share payable 8/15/23 to shareholders of record as of 7/31/23. The 2.7% increase in the quarterly dividend marks NNN’s 34th consecutive annual dividend increase.
NNN REIT (NYSE: NNN) today announced operating results for the quarter and year ended 3/31/23. FFO was $0.80/share, Core FFO was $0.80/share and AFFO was $0.82/share. Core FFO/share increased 3.9% and occupancy held at 99.4%.
National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, announced today that its Board of Directors unanimously approved changing the company’s name to NNN REIT, Inc. (“NNN REIT”), effective May 1, 2023.
