NNN 📈 National Retail Properties - Overview

National Retail Properties Inc, listed as NNN on the NYSE, is a real estate investment trust that focuses on acquiring and managing high-quality retail properties, typically under long-term, net lease agreements. This strategy allows the company to generate a stable income stream, as tenants are responsible for most operating expenses, including property taxes, insurance, and maintenance. As of December 31, 2023, the company's portfolio consists of 3,532 properties, spread across 49 states, with a total gross leasable area of approximately 36.0 million square feet. The weighted average remaining lease term of 10.1 years provides a high degree of visibility into future cash flows.

The company's investment approach is centered around partnering with experienced retail operators, who sign long-term leases, often ranging from 10 to 20 years. This not only provides a predictable income stream but also allows NNN to benefit from the potential for rent increases over time. With a strong track record of dividend payments, NNN has established itself as a reliable income-generating investment option. Notably, it is one of only three publicly traded REITs to have achieved the distinction of increasing annual dividends for 34 or more consecutive years, demonstrating its commitment to delivering consistent returns to shareholders.

For investors seeking to learn more about National Retail Properties Inc, the company's website, https://www.nnnreit.com, offers a wealth of information on its investment strategy, portfolio, and financial performance. The company's common stock is listed under the ISIN US6374171063 and is classified within the Retail REITs sub-industry, according to the Global Industry Classification Standard (GICS). This classification reflects the company's specialized focus on retail properties, which are typically characterized by long-term leases and a lower risk profile compared to other types of commercial real estate investments.