-- Marks
35th Consecutive Annual Dividend Increase
--
ORLANDO,
Fla., July 15, 2024 /PRNewswire/ -- 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.
Steve Horn, Chief Executive
Officer, commented: "Maintaining a multi-year perspective has kept
NNN in position to increase the annual dividend for the
35th consecutive year in 2024. A disciplined
capital deployment strategy and a strong, flexible balance sheet
have allowed NNN to continue this impressive track record of
consistent growth."
NNN REIT invests primarily in high-quality retail properties
subject generally to long-term, net leases. As of March 31, 2024, the Company owned 3,546
properties in 49 states with a gross leasable area of approximately
36.1 million square feet and a weighted average remaining lease
term of 10.0 years. For more information on the company, visit
www.nnnreit.com.
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SOURCE NNN REIT, Inc.