Common Dividend Declared by NNN REIT, Inc.

Rhea-AI Summary

NNN REIT, Inc. declares a quarterly dividend of 56.5 cents per share, showcasing its commitment to shareholders. The company has a strong track record of increasing dividends for over three decades, making it a reliable investment option. NNN REIT focuses on high-quality retail properties with long-term, net leases, owning a vast portfolio across 49 states.

Positive

• NNN REIT, Inc. declares a quarterly dividend of 56.5 cents per share.
• The company has increased its annual dividend for 34 consecutive years.
• NNN REIT focuses on high-quality retail properties with long-term, net leases.
• The company owns 3,532 properties in 49 states with a gross leasable area of 36.0 million square feet.
• NNN REIT has a weighted average remaining lease term of 10.1 years.

Negative

• None.

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 information on the company, visit www.nnnreit.com.

 

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SOURCE NNN REIT, Inc.

FAQ

What is the quarterly dividend declared by NNN REIT, Inc.?

NNN REIT, Inc. declared a quarterly dividend of 56.5 cents per share.

How many consecutive years has NNN REIT increased its annual dividend?

NNN REIT has increased its annual dividend for 34 or more consecutive years.

What type of properties does NNN REIT primarily invest in?

NNN REIT primarily invests in high-quality retail properties subject to long-term, net leases.

How many properties does NNN REIT own and in how many states?

NNN REIT owns 3,532 properties in 49 states.

What is the weighted average remaining lease term for NNN REIT properties?

NNN REIT has a weighted average remaining lease term of 10.1 years for its properties.