National Retail Properties ( (NNN) ) has released its Q1 earnings. Here is a breakdown of the information National Retail Properties presented to its investors.
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NNN REIT, Inc., a prominent real estate investment trust, specializes in high-quality properties with long-term, net leases across the United States, boasting a portfolio of 3,641 properties as of March 31, 2025.
NNN REIT, Inc. reported strong financial results for the first quarter of 2025, maintaining its 2025 guidance. The company achieved net earnings of $0.51 per diluted share and demonstrated growth in Core FFO and AFFO per diluted share by 3.6% compared to the previous year.
Key highlights include a 5.2% increase in Annualized Base Rent (ABR) and the completion of $232.4 million in investments, achieving over 40% of its 2025 acquisition volume plan. The company maintained a high occupancy rate of 97.7% and a robust balance sheet with a sector-leading 11.6-year weighted average debt maturity and $1.1 billion in available liquidity.
NNN REIT, Inc. also declared a quarterly dividend of $0.58 per share, reflecting a 5.4% annualized dividend yield. The company’s strategic repositioning of properties, including the re-leasing of 31 out of 64 repossessed properties, showcases its proactive management approach.
Looking ahead, NNN REIT, Inc. remains optimistic about executing its 2025 business plan, leveraging its strong market position and tenant relationships to drive continued growth amid current macroeconomic conditions.