NNN REIT Rebrands: From National Retail Properties to Simplified Corporate Identity

Effective May 1, 2023, National Retail Properties, Inc. has officially transitioned to operating under the name NNN REIT, Inc. The Orlando-based real estate investment trust disclosed this strategic branding update following unanimous Board endorsement, with trading operations reflecting the new designation beginning May 8, 2023 on the New York Stock Exchange.

What is the Symbol of National Retail Properties Under the New Name?

The transition maintains complete continuity in market operations. The equity ticker symbol remains NNN on the NYSE, alongside an unchanged CUSIP identifier. This preservation of trading symbols ensures seamless portfolio continuity for existing shareholders while modernizing the corporate brand architecture.

Strategic Rationale Behind the Rebrand

The naming convention draws from three foundational pillars: three decades of market presence using “NNN” as the recognized ticker identifier, two decades of digital branding through nnnreit as the website and communications foundation, and streamlined market recognition. According to leadership, this simplified nomenclature enhances memorability and competitive differentiation within the REIT landscape without signaling operational shifts or portfolio strategy modifications.

Investment Portfolio and Market Position

As of December 31, 2022, the entity maintained diversified real estate exposure across 3,411 properties spanning 48 states. The portfolio encompasses approximately 35.0 million square feet of gross leasable area, predominantly structured around high-quality retail assets secured through long-term net lease arrangements. The weighted average lease term extends 10.4 years, reflecting disciplined tenant relationship management and revenue stability protocols.

Dividend Track Record and Shareholder Returns

NNN REIT maintains distinction as one of only three publicly traded REITs to sustain 33 consecutive years of annual dividend growth—a metric underscoring commitment to shareholder value distribution and operational resilience across market cycles. This extended distribution history demonstrates consistent capital management philosophy.

The corporate rebranding consolidates market identity with operational reality, positioning the entity with enhanced brand coherence while preserving established market infrastructure and shareholder continuity mechanisms.