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 ..read more

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 ..read more

NNN REIT, Inc. (NYSE: NNN) today announced that 98.3245% of the dividends paid to common shareholders in 2023 are classified for federal income tax purposes as a taxable distribution ..read more

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 February 15, 2024 to shareholders of record as of January 31, 2024 ..read more

NNN REIT, Inc. (NYSE: NNN) today announced that Christopher P. Tessitore, Executive Vice President and General Counsel, will retire effective January 1, 2024.  Gina M. Steffens will succeed Mr. Tessitore. Ms. Steffens will join the company as of November 30, 2023 ..read more

NNN REIT, Inc. (NYSE: NNN) today announced Third Quarter 2023 results and increased 2023 guidance. FFO and Core FFO were $0.81/share and AFFO was $0.82/share; 2023 Core FFO guidance was raised to a range of $3.19-$3.23/share. FFO increased 2.5% and occupancy was 99.2%. $212.5 million was invested in real estate, including 46 properties. NNN’s 30-year average annual total return is 11.1 ..read more

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 November 15, 2023 to shareholders of record as of October 31, 2023.  NNN is one of only three publicly traded REITs to have increased its annual dividend for 34 or more consecutive years ..read more

NNN REIT, Inc. (NYSE: NNN) today announced that Jonathan A. Adamo has been appointed Executive Vice President, Portfolio Operations ..read more

NNN REIT, Inc. (NYSE: NNN) today announced the pricing of its public offering of $500 Million of 5.600% senior unsecured notes due 2033. The notes were offered at 97.676% of the principal amount with a yield to maturity of 5.905%. Interest on the notes will be payable semi-annually on April 15 and October 15 of each year, commencing on April 15, 2024. The notes mature on October 15, 2033. NNN intends to use the proceeds to repay all of the outstanding indebtedness under its credit facility, to fund future property acquisitions and for general corporate purposes ..read more

NNN REIT, Inc. (NYSE: NNN) today announced Second Quarter 2023 results and increased 2023 guidance. FFO, Core FFO and AFFO were all $0.80 per share and 2023 Core FFO guidance was raised to a range of $3.17-$3.22 per share. FFO increased 3.9% and occupancy held at 99.4%. $181.3 million was invested in real estate, including 36 properties. NNN’s 30-year average annual total return is 11.1 ..read more