NNN REIT, Inc. (NYSE: NNN) today announced that Kevin B. Habicht, Executive Vice President, Chief Financial Officer, Assistant Secretary, Treasurer and the Company’s principal financial officer, will retire and step down as a member of the Board of Directors effective March 31, 2025. Vincent H. Chao will join NNN as Executive Vice President on January 9, 2025, and assume the positions of Chief Financial Officer, Assistant Secretary and Treasurer and serve as the Company’s principal financial officer effective April 1, 2025.
NNN REIT, Inc. (NYSE: NNN) today announced Q3 2024 results. FFO, Core FFO and AFFO were $0.84/share, and AFFO was $0.84/share; FFO and Core FFO increased 3.7% over the prior year and occupancy was 99.3%. $113.6 million in property investments at an initial cash cap rate of 7.6%. Raised $178.9 million in net proceeds from the issuance of 3,863,700 common shares. NNN has a 12.3-year weighted average debt maturity. Previous 2024 Core FFO guidance was narrowed from a range of $3.27 to $3.33 per share to a range of $3.28 to $3.32 per share.
The Board of Directors of NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced a quarterly dividend of 58 cents per share payable November 15, 2024 to shareholders of record as of October 31, 2024. NNN is one of only three publicly traded REITs to have increased its annual dividend for 35 or more consecutive years
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.
Orlando, Florida, July 15, 2024 – The Board of Directors of NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced a quarterly dividend of 58 cents per share payable August 15, 2024 to shareholders of record as of July 31, 2024. The 2.7% increase in the quarterly dividend marks the 35th consecutive annual dividend increase. NNN is one of only three publicly traded REITs to have increased its annual dividend for 35 or more consecutive years.
NNN REIT, Inc. (NYSE: NNN) today announced that it has priced its public offering of $500,000,000 of 5.500% senior unsecured notes due 2034. The notes were offered at 98.768% of the principal amount with a yield to maturity of 5.662%. Interest on the notes will be payable semi-annually on June 15 and December 15 of each year, commencing on December 15, 2024. The notes mature on June 15, 2034. The offering is expected to close on or about May 29, 2024, subject to customary closing conditions.
NNN REIT, Inc. (NYSE: NNN) today announced Q1 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 99.4%. $124.5 million was invested in 20 properties. NNN maintains an 11.8-year weighted average debt maturity.
NNN REIT, Inc. (NYSE: NNN) announced the amendment of its unsecured bank credit facility. The amendment increases the available borrowing capacity under the credit facility from $1.1 billion to $1.2 billion. The amended facility matures April 2028, with options to extend maturity to April 2029. All other material loan provisions, including pricing, are unchanged. The amended facility also includes an accordion feature to increase the facility size up to $2.0 billion.
The Board of Directors of NNN REIT, Inc. (NYSE: NNN) 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, Inc. (NYSE: NNN) today announced 2023 annual results and 2024 guidance. FFO was $3.24/share, Core FFO and AFFO were $3.26/share; 2024 Core FFO guidance was announced with an estimated range of $3.25-$3.31/share. FFO increased 4.5% and occupancy was 99.5%. $819.7 million was invested in real estate, including 165 properties. NNN’s 30-year average annual total return is 11.0%.
