Archive: 2015

  1. National Retail Properties, Inc. Declares Dividends for its 6.625% Series D and 5.70% Series E Preferred Stocks

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    Orlando, Florida, November 16, 2015 – The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a cash dividend on its 6.625% Series D Cumulative Redeemable Preferred Stock of 41.40625 cents per depositary share payable December 15, 2015, to shareholders of record on November 30, 2015.  The Board also declared a cash dividend on its 5.70% Series E Cumulative Redeemable Preferred Stock of 35.625 cents per depositary share payable December 15, 2015, to shareholders of record on November 30, 2015.

    You can read the full press release here.

     

  2. Sam L. Susser Appointed to Board of Directors of National Retail Properties, Inc.

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    Orlando, Florida, November 10, 2015 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced that Sam L. Susser was appointed to the Board of Directors.

    “We are excited to add Sam to our Board. His retail industry experience combined with his depth of knowledge of the convenience store industry make him an excellent addition.  His accomplished tenure as the CEO of a successful retailer gives him a unique perspective to understand our retail tenant customer base and their strategies,” said Craig Macnab, Chairman and Chief Executive Officer.

    You can read the full press release here.

  3. Record Third Quarter 2015 Operating Results and 2016 FFO Guidance Announced by National Retail Properties, Inc.

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    Orlando, Florida, November 3, 2015 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced its operating results for the quarter and nine months ended September 30, 2015. Highlights include:

    Operating Results:

    • Revenues and net earnings, FFO, Recurring FFO and AFFO available to common stockholders and diluted per share amounts:
    Quarter Ended Nine Months Ended
    September 30, September 30,
    2015 2014 2015 2014
    (in thousands, except per share data)
    Revenues $ 123,143 $ 109,856 $ 356,537 $ 319,532
    Net earnings available to common stockholders $ 46,339 $ 39,081 $ 128,789 $ 110,268
    Net earnings per common share $ 0.34 $ 0.31 $ 0.96 $ 0.89
    FFO available to common stockholders $ 77,940 $ 65,369 $ 221,873 $ 188,700
    FFO per common share $ 0.58 $ 0.52 $ 1.66 $ 1.53
    Recurring FFO available to common stockholders $ 77,993 $ 65,390 $ 222,510 $ 188,956
    Recurring FFO per common share $ 0.58 $ 0.52 $ 1.67 $ 1.53
    AFFO available to common stockholders $ 79,516 $ 66,644 $ 226,819 $ 192,072
    AFFO per common share $ 0.59 $ 0.53 $ 1.70 $ 1.56

     

    Third Quarter 2015 Highlights:

    FFO per share and Recurring FFO per share increased 11.5% over prior year results

    • AFFO per share increased 11.3% over prior year results
    • Portfolio occupancy was 99.1% at September 30, 2015, as compared to 98.8% at June 30, 2015 and March 31, 2015
    • Invested $263.8 million in 97 properties with an aggregate 732,000 square feet of gross leasable area at an initial cash yield of 7.2%
    • Sold five properties for $8.2 million producing $1.9 million of gains on sales, net of income tax
    • Raised $38.2 million in net proceeds from the issuance of 1,045,972 common shares
    • Results include $1.95 million of rental revenue from a 2013 tenant default settlement

    Read the full press release here.

  4. National Retail Properties, Inc. Declares Dividends for its 6.625% Series D and 5.70% Series E Preferred Stocks

    Comments Off on National Retail Properties, Inc. Declares Dividends for its 6.625% Series D and 5.70% Series E Preferred Stocks

    Orlando, FL — The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a cash dividend on its 6.625% Series D Cumulative Redeemable Preferred Stock of 41.40625 cents per depositary share payable September 15, 2015, to shareholders of record on August 31, 2015.  The Board also declared a cash dividend on its 5.70% Series E Cumulative Redeemable Preferred Stock of 35.625 cents per depositary share payable September 15, 2015, to shareholders of record on August 31, 2015.

    Click here to read the full press release.

  5. Second Quarter 2015 Operating Results and Increased 2015 Guidance Announced by National Retail Properties, Inc.

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    Orlando, Florida, July 30, 2015 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced its operating results for the quarter and six months ended June 30, 2015.  Highlights include:

     

    Operating Results:

    • Revenues and net earnings, FFO, Recurring FFO and AFFO available to common stockholders and diluted per share amounts:

    Quarter Ended

    Six Months Ended

    June 30,

    June 30,

    2015

    2014 2015

    2014

    (in thousands, except per share data)

    Revenues $

    117,208

    $

    105,613

    $

    233,394

    $

    209,677

    Net earnings available to common stockholders

    $

    37,330 $ 36,713 $ 82,450 $

    71,187

    Net earnings per common share $

    0.28

    $ 0.30 $ 0.62 $

    0.58

    FFO available to common stockholders

    $

    73,090 $ 61,690 $ 143,933 $

    123,331

    FFO per common share

    $

    0.55 $ 0.50 $ 1.08 $

    1.01

    Recurring FFO available to common stockholders

    $

    73,518 $ 61,767 $ 144,517 $

    123,566

    Recurring FFO per common share

    $

    0.55 $ 0.50 $ 1.09 $

    1.01

    AFFO available to common stockholders

    $ 75,181 $ 62,710 $ 147,304 $

    125,428

    AFFO per common share

    $

    0.56 $ 0.51 $ 1.11 $

    1.02

     

    Second Quarter 2015 Highlights:

     

    • FFO per share and Recurring FFO per share increased 10.0% over prior year results
    • AFFO per share increased 9.8% over prior year results
    • Portfolio occupancy is 98.8% at June 30, 2015, consistent with March 31, 2015, and 98.6% at December 31, 2014
    • Invested $147.8 million in 37 properties with an aggregate 669,000 square feet of gross leasable area at an initial cash yield of 7.1%
    • Sold three properties for $2.2 million producing $30,000 of gains on sales
    • Raised $38.7 million in net proceeds from the issuance of 983,317 common shares

    Click here to read the full press release.

  6. Increased Common Dividend Announced by National Retail Properties, Inc.

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    — Marks 26th Consecutive Annual Dividend Increase —

    Orlando, Florida, July 15, 2015 – The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend of 43.5 cents per share payable August 14, 2015 to common shareholders of record on July 31, 2015. This declaration increases the annual dividend paid by National Retail Properties for the twenty-sixth consecutive year. National Retail Properties is one of only four publicly traded REITs and 99 publicly traded companies in America to have increased annual dividends for 25 or more consecutive years.

    Click here to read the full press release.

  7. First Quarter 2015 Operating Results Announced by National Retail Properties, Inc.

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    Orlando, Florida, May 5, 2015 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced its operating results for the quarter ended March 31, 2015. Highlights include:

     

    Operating Results:

    • Revenues and net earnings, FFO, Recurring FFO and AFFO available to common stockholders and diluted per share amounts:

    Quarter Ended

    March 31,
    2015

    2014

    (in thousands, except per share data)

    Revenues

    $

    116,187 $

    104,064

    Net earnings available to common stockholders $

    45,119

    $

    34,474

    Net earnings per common share $

    0.34

    $

    0.28

    FFO available to common stockholders $

    70,871

    $

    61,641

    FFO per common share $

    0.54

    $

    0.51

    Recurring FFO available to common stockholders $

    71,027

    $

    61,799

    Recurring FFO per common share $

    0.54

    $

    0.51

    AFFO available to common stockholders $

    72,151

    $

    62,719

    AFFO per common share $

    0.55

    $

    0.51

     

    • Portfolio occupancy was 98.8% at March 31, 2015, as compared to 98.6% at December 31, 2014 and 98.2% at March 31, 2014

    Click here to read the full press release

  8. National Retail Properties, Inc. Declares Dividends for its 6.625% Series D Preferred and 5.70% Series E Preferred Stocks

    Comments Off on National Retail Properties, Inc. Declares Dividends for its 6.625% Series D Preferred and 5.70% Series E Preferred Stocks

    Orlando, Florida, February 13, 2015 – The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a cash dividend on its 6.625% Series D Cumulative Redeemable Preferred Stock of 41.40625 cents per depositary share payable March 16, 2015, to shareholders of record on February 27, 2015. The Board also declared a cash dividend on its 5.70% Series E Cumulative Redeemable Preferred Stock of 35.625 cents per depositary share payable March 16, 2015, to shareholders of record on February 27, 2015.

    National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2014, the company owned 2,054 properties in 47 states with a gross leasable area of approximately 22.5 million square feet with a weighted average remaining lease term of 12 years. For more information on the company, visit nnnreit.com.

  9. Record 2014 Operating Results Announced by National Retail Properties, Inc.

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    Orlando, Florida, February 12, 2015 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced record operating results for the quarter and year ended December 31, 2014. Highlights include:

    Operating Results:

    • Revenues and net earnings, FFO, Recurring FFO and AFFO available to common stockholders and diluted per share amounts:
    Quarter Ended Year Ended
    December 31, December 31,
    2014 2013 2014 2013
    (in thousands, except per share data)
    Revenues $ 115,315 $ 103,992 $ 434,847 $ 393,525
    Net earnings available to common stockholders $ 44,898 $ 35,382 $ 155,167 $ 132,222
    Net earnings per common share $ 0.35 $ 0.29 $ 1.24 $ 1.10
    FFO available to common stockholders $ 72,277 $ 60,646 $ 260,977 $ 229,518
    FFO per common share $ 0.56 $ 0.50 $ 2.09 $ 1.91
    Recurring FFO available to common stockholders $ 70,485 $ 61,815 $ 259,441 $ 230,965
    Recurring FFO per common share $ 0.55 $ 0.51 $ 2.08 $ 1.93
    AFFO available to common stockholders $ 71,970 $ 63,603 $ 264,043 $ 238,917
    AFFO per common share $ 0.56 $ 0.52 $ 2.12 $ 1.99

     

    •  Portfolio occupancy was 98.6% at December 31, 2014, as compared to 98.8% at September 30, 2014 and 98.2% at December 31, 2013

    Click here to read the full press release.

  10. National Retail Properties, Inc. Announces 2014 Dividend Tax Status

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    Orlando, Florida, January 12, 2015 – National Retail Properties, Inc. (NYSE:NNN), a real estate investment trust, announced today that 81.0405% of the dividends paid to common shareholders, 100.0% of the dividends paid to shareholders of its Preferred Series D and 100.0% of the dividends paid to shareholders of its Preferred Series E in 2014 are classified for federal income tax purposes as a taxable distribution.

    Click here to read the full press release.