The company, which trades under the ticker NNN, set a record date of July 31 for the upcoming payment. Chief Executive Officer Steve Horn attributed the longevity of the dividend growth to the firm’s disciplined capital allocation and the stability of its high-quality property portfolio. By maintaining a flexible balance sheet, the REIT continues to prioritize long-term shareholder returns despite shifting market conditions.
NNN REIT Extends Dividend Growth Streak to 37 Years
Shareholders of NNN REIT will receive 62 cents per share on August 14, marking a 3.3 percent increase in the quarterly payout. This distribution represents the 37th consecutive year the Orlando-based real estate investment trust has raised its annual dividend, cementing its status among a rare group of public companies.
NNN operates a expansive footprint of 3,711 properties across all 50 U.S. states, the District of Columbia, and Puerto Rico. These assets, which total approximately 39.6 million square feet of leasable area, are primarily managed through long-term net leases. With a weighted average remaining lease term of 10.1 years, the company remains one of only three publicly traded REITs to sustain such an extended streak of annual dividend increases.
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