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NNN REIT Inc (NYSE: NNN) is a leading real estate investment trust specializing in single-tenant retail properties across the United States. This page serves as your centralized source for official company announcements, financial updates, and strategic developments.
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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.
National Retail Properties reported its operating results for Q4 and the year ended December 31, 2020. Total revenues declined to $163.3 million for the quarter, down from $173.4 million in 2019, and $660.7 million for the year, compared to $670.5 million in 2019. Net earnings for Q4 were $56.8 million, with a $0.33 earnings per share. The company maintained a high occupancy rate of 98.5% and increased its annual dividend by 2% to $2.07. They reported strong rent collections with approximately 89.7% collected for 2020. Management provided optimistic guidance for 2021 Core FFO between $2.55 and $2.62 per share.
The Board of Directors of National Retail Properties, Inc. (NYSE: NNN) declared a quarterly dividend of 52 cents per share, payable on February 16, 2021, to shareholders recorded on January 29, 2021. NNN has a strong dividend history, being one of only three publicly traded REITs to have increased annual dividends for over 31 consecutive years. As of September 30, 2020, the company owned 3,114 properties across 48 states, covering approximately 32.4 million square feet with a weighted average lease term of 10.7 years.
National Retail Properties (NYSE:NNN) announced that 80.1814% of common stock dividends and 100% of Preferred Series F dividends for 2020 are classified as taxable distributions for federal income tax purposes. The total common dividend paid was $2.07 per share, representing the thirty-first consecutive annual increase. The company owns 3,114 retail properties across 48 states, with a total gross leasable area of approximately 32.4 million square feet and a weighted average remaining lease term of 10.7 years.
On December 14, 2020, National Retail Properties (NYSE: NNN) announced the retirement of Paul Bayer, Executive Vice President and Chief Investment Officer, effective December 31, 2020. Bayer joined the company in September 1999 and has held multiple leadership roles, contributing significantly to shareholder value. He will continue to provide consulting services for one year post-retirement. As of September 30, 2020, National Retail Properties owned 3,114 properties across 48 states, with a gross leasable area of 32.4 million square feet and an average remaining lease term of 10.7 years.
On November 16, 2020, 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. This dividend is payable on December 15, 2020, to shareholders of record as of November 30, 2020. The company, which invests in high-quality retail properties, owned 3,114 properties across 48 states as of September 30, 2020, with a gross leasable area of approximately 32.4 million square feet and a weighted average remaining lease term of 10.7 years.
National Retail Properties, Inc. (NYSE: NNN) reported its Q3 and nine-month results for 2020, showing revenues of $158.6 million, down from $168.6 million in Q3 2019. Net earnings decreased to $51.6 million, with FFO per share dropping to $0.62 from $0.70 a year prior. Despite challenges from COVID-19, the company collected approximately 90% of rents due for Q3 and 94% in October. Portfolio occupancy remained high at 98.4%. As of September 30, NNN owned 3,114 properties with a 10.7-year average lease term, maintaining a solid liquidity position with $294.9 million in cash.
National Retail Properties, Inc. (NYSE: NNN) has declared a quarterly dividend of 52 cents per share, payable on November 16, 2020. Shareholders on record as of October 30, 2020 will receive this payment. NNN is notable for being one of only three publicly traded REITs and part of 86 companies in the U.S. that have increased dividends for over 31 consecutive years. The company owns 3,117 properties across 48 states, with a total leasable area of approximately 32.5 million square feet.
National Retail Properties has appointed Stephen A. Horn, Jr. as Chief Operating Officer, while he continues as Executive Vice President. With 17 years at the company, Horn has overseen $4.5 billion in property acquisitions since 2014, enhancing the portfolio to over 3,100 properties. CEO Jay Whitehurst praised Horn’s extensive experience and commitment to the company’s strategy. The company focuses on high-quality retail properties with long-term net leases, managing 3,117 properties across 48 states as of June 30, 2020.
On August 14, 2020, National Retail Properties (NYSE: NNN) announced a cash dividend of 32.5 cents per share on its 5.20% Series F Cumulative Redeemable Preferred Stock. The dividend is payable on September 15, 2020, to shareholders of record as of August 31, 2020. As of June 30, 2020, the company owns 3,117 properties across 48 states, with a total gross leasable area of approximately 32.5 million square feet and a weighted average remaining lease term of 10.9 years.
