NYSE:NNN Dividend Yield: 4.7%
NNN in the news: Second Quarter 2024 Operating Results and Increased 2024 Guidance Announced by NNN REIT, Inc. > DOWNLOAD THE CURRENT ANNUAL REPORT >

Second Quarter 2024 Operating Results and Increased 2024 Guidance Announced by NNN REIT, Inc.

Release Type

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NNN REIT, Inc. (NYSE: NNN) today announced Q2 2024 results. FFO and Core FFO were $0.83/share, and AFFO was $0.84/share; FFO increased 3.8% over the prior year and occupancy was 99.3%. $110.5 million was invested in 16 properties. NNN has a 12.6-year weighted average debt maturity. Core FFO guidance for 2024 was increased from a range of $3.25 to $3.31 per share to a range of $3.27 to $3.33 per share.

Dividend Yield

4.7%

Total Shareholder Return Comparison

	1 Year	5 Years	10 Years	15 Years	20 Years	25 Years	30 Years
NNN REIT	5.4%	0.6%	6.2%	11.6%	10.5%	11.6%	11.0%
Indices
* NAREIT Equity REIT Index (FNERTR)	5.8%	3.4%	6.1%	11.7%	7.9%	9.2%	9.3%
* Morgan Stanley REIT Index (RMS G)	7.6%	3.9%	5.8%	11.5%	7.2%	9.0%	N/A
S&P 500 Index (SPX)	24.6%	15.0%	12.8%	14.8%	10.3%	7.7%	10.8%
* S&P 400 Index (MID)	13.6%	10.2%	9.1%	13.1%	9.8%	9.6%	11.7%

For Periods Ending June 30, 2024. Total Return comprised of stock price appreciation plus dividends paid.

* NNN is a member of this index. Source: Bloomberg