NNN REIT Inc (NNN)
| Market Cap | 7.30B |
| Revenue (ttm) | 828.11M |
| Net Income (ttm) | 392.34M |
| Shares Out | 182.48M |
| EPS (ttm) | 2.16 |
| PE Ratio | 18.52 |
| Forward PE | 20.14 |
| Dividend | $2.26 (5.65%) |
| Ex-Dividend Date | Apr 29, 2024 |
| Volume | 1,066,513 |
| Open | 39.85 |
| Previous Close | 39.77 |
| Day's Range | 39.77 - 40.25 |
| 52-Week Range | 34.38 - 44.96 |
| Beta | 0.99 |
| Analysts | Buy |
| Price Target | 45.75 (+14.38%) |
| Earnings Date | May 1, 2024 |
About NNN
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. NNN is one of only three publicly traded REITs to have increased annual dividends for 34 or more consecutive years. [Read more]
Financial Performance
In 2023, NNN REIT's revenue was $828.11 million, an increase of 7.12% compared to the previous year's $773.05 million. Earnings were $392.34 million, an increase of 17.25%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for NNN stock is "Buy." The 12-month stock price forecast is $45.75, which is an increase of 14.38% from the latest price.
News
NNN REIT, INC. ANNOUNCES EXPANDED $1.2 BILLION UNSECURED CREDIT FACILITY
ORLANDO, Fla. , April 16, 2024 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced the amendment of its unsecured bank credit facility.
Common Dividend Declared by NNN REIT, Inc.
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 payabl...
Independence Realty Trust Appoints Craig Macnab to its Board of Directors
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT” or the “Company”) today announced the appointment of Craig Macnab to its Board of Directors (the “Board”), effective F...
2023 ANNUAL RESULTS AND 2024 GUIDANCE ANNOUNCED BY NNN REIT, INC.
ORLANDO, Fla. , Feb. 8, 2024 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced operating results for the quarter and year ended December 31, 2023.
NNN REIT, Inc. Announces 2023 Dividend Tax Status
ORLANDO, Fla. , Jan. 12, 2024 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced that 98.3245% of the dividends paid to common shareholders in 2023 are classif...
CHRISTOPHER P. TESSITORE TO RETIRE AS GENERAL COUNSEL OF NNN REIT, INC.
ORLANDO, Fla. , Nov. 21, 2023 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced that Christopher P.
THIRD QUARTER 2023 OPERATING RESULTS AND INCREASED 2023 GUIDANCE ANNOUNCED BY NNN REIT, INC.
ORLANDO, Fla., Nov. 1, 2023 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced its operating results for the quarter and nine months ended September 30, 2023.
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NNN REIT, Inc. Appoints Jonathan A. Adamo Executive Vice President, Portfolio Operations
ORLANDO, Fla. , Aug. 14, 2023 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced that Jonathan A.
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NNN REIT, Inc. Prices Offering of $500 Million of 5.600% Senior Unsecured Notes Due 2033
ORLANDO, Fla., Aug. 8, 2023 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN) (the "Company"), a real estate investment trust, today announced that it has priced its public offering of $500,000,000 of 5.600%...
SECOND QUARTER 2023 OPERATING RESULTS AND INCREASED 2023 GUIDANCE ANNOUNCED BY NNN REIT, INC.
ORLANDO, Fla. , Aug. 2, 2023 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced its operating results for the quarter and six months ended June 30, 2023.
Increased Common Dividend Declared by NNN REIT, Inc.
-- Marks 34 th Consecutive Annual Dividend Increase -- ORLANDO, Fla. , July 14, 2023 /PRNewswire/ -- The Board of Directors of NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announc...
NNN REIT: Undervalued or Value Trap?
NNN REIT Inc. ( NNN , Financial), which changed its name from National Retail Properties in May, is in focus this week after financial advisory firm Janney Montgomery Scott opined that the real estate...
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NNN REIT, Inc. (NYSE:NNN) President and CEO Steve Horn Interviewed by Advisor Access
SAN FRANCISCO, May 16, 2023 (GLOBE NEWSWIRE) -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, invests primarily in high-quality retail properties subject to long-term leases. As of March...
FIRST QUARTER 2023 OPERATING RESULTS ANNOUNCED BY NNN REIT, INC.
ORLANDO, Fla. , May 2, 2023 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced its operating results for the quarter ended March 31, 2023.
NATIONAL RETAIL PROPERTIES, INC. CHANGES NAME TO NNN REIT, INC.
ORLANDO, Fla. , April 27, 2023 /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, announced today that its Board of Directors unanimously approved changing t...
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COMMON DIVIDEND DECLARED BY NATIONAL RETAIL PROPERTIES, INC.
ORLANDO, Fla. , April 14, 2023 /PRNewswire/ -- The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend of 55 cents per sha...
RECORD ANNUAL RESULTS AND 2023 GUIDANCE ANNOUNCED BY NATIONAL RETAIL PROPERTIES, INC.
ORLANDO, Fla. , Feb. 9, 2023 /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced operating results for the quarter and year ended December 31,...
NATIONAL RETAIL PROPERTIES, INC. ANNOUNCES 2022 DIVIDEND TAX STATUS
ORLANDO, Fla. , Jan. 13, 2023 /PRNewswire/ -- National Retail Properties, Inc. (NYSE:NNN), a real estate investment trust, announced today that 99.8301% of the dividends paid to common shareholders in...
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