National Retail Properties, Inc. Declares Dividend For Its 5.20% Series F Preferred Stock

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The Board of Directors of National Retail Properties (NYSE: NNN) declared a cash dividend of 32.5 cents per share on its 5.20% Series F Cumulative Redeemable Preferred Stock. The dividend is payable on March 15, 2021, to shareholders of record as of February 26, 2021.

National Retail Properties primarily invests in high-quality retail properties under long-term net leases. As of December 31, 2020, the company owned 3,143 properties across 48 states, covering approximately 32.5 million square feet with a weighted average remaining lease term of 10.7 years.

Positive

• Declared a cash dividend of 32.5 cents per share, enhancing shareholder income.
• Strong portfolio with 3,143 properties across 48 states, indicating diverse investment.

Negative

• None.

ORLANDO, Fla., Feb. 15, 2021 /PRNewswire/ -- The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a cash dividend on its 5.20% Series F Cumulative Redeemable Preferred Stock of 32.5 cents per depositary share payable March 15, 2021, to shareholders of record on February 26, 2021.

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2020, the company owned 3,143 properties in 48 states with a gross leasable area of approximately 32.5 million square feet and with a weighted average remaining lease term of 10.7 years. For more information on the company, visit www.nnnreit.com.

 

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SOURCE National Retail Properties, Inc.

FAQ

What is the dividend amount declared by National Retail Properties (NNN)?

The declared dividend amount is 32.5 cents per share.

When is the dividend for NNN payable?

The dividend is payable on March 15, 2021.

What is the record date for the NNN dividend?

The record date for the dividend is February 26, 2021.

How many properties does National Retail Properties (NNN) own?

National Retail Properties owns 3,143 properties.

What is the average remaining lease term of properties owned by NNN?

The weighted average remaining lease term is 10.7 years.