Archive: 2016

  1. Second Quarter 2016 Operating Results Announced by National Retail Properties, Inc.

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    Orlando, Florida, August 2, 2016 – 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, 2016.  Highlights include:

     

    Operating Results:

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

    Quarter Ended

    Six Months Ended

    June 30,

    June 30,

    2016 2015 2016

    2015

    (in thousands, except per share data)

    Revenues

    $

    130,926 $ 117,208 $ 257,907 $ 233,394
    Net earnings available to common stockholders

    $

    43,084 $ 37,330 $ 104,908 $ 82,450
    Net earnings per common share

    $

    0.30 $ 0.28 $ 0.73 $ 0.62
    FFO available to common stockholders

    $

    80,503 $ 73,090 $ 160,601 $ 143,933
    FFO per common share

    $

    0.56 $ 0.55 $ 1.13 $ 1.08
    Core FFO available to common stockholders

    $

    84,404 $ 73,518 $ 164,722 $

    144,517

    Core FFO per common share

    $

    0.59 $ 0.55 $ 1.15 $

    1.09

    AFFO available to common stockholders

    $

    86,531 $ 75,181 $ 168,280 $

    147,304

    AFFO per common share

    $

    0.60 $ 0.56 $ 1.18 $

    1.11

     

     

     

    Second Quarter 2016 Highlights:

     

    • FFO per share increased 1.8% over prior year results
    • Core FFO per share increased 7.3% over prior year results
    • AFFO per share increased 7.1% over prior year results
    • Portfolio occupancy was 99.1% at June 30, 2016 consistent with March 31, 2016 and December 31, 2015
    • Invested $343.6 million in property investments, including the acquisition of 165 properties with an aggregate 1,095,000 square feet of gross leasable area at an initial cash yield of 6.9%
    • Sold seven properties for $19.7 million producing $1.2 million of gains on sales
    • Raised $128.3 million net proceeds from the issuance of 2,763,555 common shares

     

     

    First Half 2016 Highlights:

     

    • FFO per share increased 4.6% over prior year results
    • Core FFO per share increased 5.5% over prior year results
    • AFFO per share increased 6.3% over prior year results
    • Invested $468.7 million in 211 properties with an aggregate 1,686,000 square feet of gross leasable area at an initial cash yield of 6.9%
    • Sold 17 properties for $72.5 million producing $18.1 million of gains on sales
    • Raised $216.3 million in net proceeds from the issuance of 4,762,965 common shares

     

    Click here to read the full press release

  2. Common Dividend Declared by National Retail Properties, Inc.

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    — 4.6% Increase Marks 27th Consecutive Annual Dividend Increase —

     
    Orlando, Florida, July 15, 2016 – The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend of 45.5 cents per share payable August 15, 2016 to common shareholders of record on July 29, 2016. The 4.6% increase in the quarterly dividend marks the 27th consecutive annual dividend increase for NNN. National Retail Properties is one of only four publicly traded REITs and 96 publicly traded companies in America to have increased annual dividends for 27 or more consecutive years.

    National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of March 31, 2016, the company owned 2,293 properties in 47 states with a gross leasable area of approximately 25.4 million square feet and a weighted average remaining lease term of 11.3 years. For more information on the company, visit www.nnnreit.com.

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

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    Orlando, Florida, May 16, 2016 – 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 June 15, 2016, to shareholders of record on May 31, 2016. 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 June 15, 2016, to shareholders of record on May 31, 2016.

    National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of March 31, 2016, the company owned 2,293 properties in 47 states with a gross leasable area of approximately 25.4 million square feet with a weighted average remaining lease term of 11.3 years. For more information on the company, visit www.nnnreit.com.

  4. First Quarter Operating Results And Increased 2016 Guidance Announced by National Retail Properties, Inc.

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    Orlando, Florida, May 2, 2016 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced its operating results for the quarter ended March 31, 2016.  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,
    2016 2015
    (in thouhttp://investors.nnnreit.com/file.aspx?IID=103064&FID=34124209sands, except per share data)
    Revenues $ 126,980 $ 116,187
    Net earnings available to common stockholders $ 61,824 $ 45,119
    Net earnings per common share $ 0.44 $ 0.34
    FFO available to common stockholders $ 80,098 $ 70,843
    FFO per common share $ 0.57 $ 0.54
    Recurring FFO available to common stockholders $ 80,318 $ 70,999
    Recurring FFO per common share $ 0.57 $ 0.54
    AFFO available to common stockholders $ 81,749 $ 72,123
    AFFO per common share $ 0.58 $ 0.55

     

     

     

    First Quarter 2016 Highlights:

     

    • FFO per share and Recurring FFO per share increased 5.6% over prior year results
    • AFFO per share increased 5.5% over prior year results
    • Portfolio occupancy was 99.1% at March 31, 2016, consistent with December 31, 2015, and 98.8% at March 31, 2015
    • Invested $125.2 million in property investments, including the acquisition of 46 properties with an aggregate 591,000 square feet of gross leasable area at an initial cash yield of 7.0%
    • Sold 10 properties for $52.8 million producing $16.9 million of gain on sales
    • Raised $88.0 million net proceeds from the issuance of 1,999,410 common shares

     

     

    National Retail Properties announced an increase in 2016 FFO guidance from a range of $2.29 to $2.35 to a range of $2.31 to $2.36 per share before any impairment expense. The 2016 AFFO is estimated to be $2.36 to $2.41 per share.

    Click here to read the full press release.

  5. Common Dividend Declared by National Retail Properties, Inc.

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    Orlando, Florida, April 15, 2016 – 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 May 16, 2016 to common shareholders of record on April 29, 2016. National Retail Properties is one of only four publicly traded REITs and 99 publicly traded companies in America to have increased annual dividends for 26 or more consecutive years.

    National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2015, the company owned 2,257 properties in 47 states with a gross leasable area of approximately 25.0 million square feet and a weighted average remaining lease term of 11.4 years. For more information on the company, visit www.nnnreit.com.

     

  6. Michelle Miller Named Chief Accounting Officer of National Retail Properties, Inc.

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    Orlando, Florida, March 28, 2016 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, announced today that Michelle Miller was named Executive Vice President and Chief Accounting Officer.

    Ms. Miller joined NNN in 1999 and currently leads the accounting department as well as oversees financial reporting, forecasting, lease administration and information technology.

    “Michelle has been a valuable part of the NNN team for many years and has led many of the initiatives that have allowed us to increase our operating leverage as we have grown significantly over the past several years,” said Craig Macnab, CEO and Chairman of the Board.

    Click here to read the full press release

  7. 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 16, 2016 – 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 15, 2016, to shareholders of record on February 29, 2016.  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 15, 2016, to shareholders of record on February 29, 2016.

    National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2015, the company owned 2,257 properties in 47 states with a gross leasable area of approximately 25.0 million square feet with a weighted average remaining lease term of 11.4 years. For more information on the company, visit www.nnnreit.com.

    Read the full press release here.

  8. Record Annual Results and Increased 2016 Guidance Announced by National Retail Properties, Inc.

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    Orlando, Florida, February 11, 2016 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced operating results for the quarter and year ended December 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 Year Ended
    December 31, December 31,
    2015 2014 2015 2014
    (in thousands, except per share data)
    Revenues $ 126,377 $ 115,315 $ 482,914 $ 434,847
    Net earnings available to common stockholders $ 33,612 $ 44,898 $ 162,402 $ 155,167
    Net earnings per common share $ 0.24 $ 0.35 $ 1.20 $ 1.24
    FFO available to common stockholders $ 67,319 $ 72,202 $ 289,193 $ 260,902
    FFO per common share $ 0.49 $ 0.56 $ 2.15 $ 2.09
    Recurring FFO available to common stockholders $ 76,661 $ 70,410 $ 299,171 $ 259,366
    Recurring FFO per common share $ 0.56 $ 0.55 $ 2.22 $ 2.08
    AFFO available to common stockholders $ 77,953 $ 71,895 $ 304,772 $ 263,968
    AFFO per common share $ 0.57 $ 0.56 $ 2.27 $ 2.12

     

    • Portfolio occupancy was 99.1% at December 31, 2015 and September 30, 2015, as compared to 98.6% at December 31, 2012015 Highlights:
      • Increased annual Recurring FFO per common share 6.7%
      • Increased annual AFFO per common share 7.1%
      • Dividend yield of 4.3% at December 31, 2015
      • Dividends per common share increased to $1.71 marking the 26th consecutive year of annual dividend increases – making the company one of only four equity REITs and one of only 99 public companies with 26 or more consecutive annual dividend increases
      • Maintained high occupancy levels above 98.5% for the entire year with a weighted average remaining lease term of 11.4 years
      • Invested $726.3 million in 221 properties with an aggregate gross leasable area of approximately 2,706,000 square feet at an initial cash yield of 7.2%
      • Sold 19 properties for $39.1 million, producing $10.4 million of gains on sale, net of income tax and noncontrolling interest at a cap rate of 5.9%
      • Raised $723.6 million of new long-term capital at attractive pricing
      • Raised $328.2 million in net proceeds from the issuance of 8,770,117 common shares
      • Raised $395.4 million in net proceeds from the issuance of 4.00% senior unsecured notes due 2025
      • Paid off $150 million principal amount of 6.15% senior unsecured notes due 2015
      • Full $650 million availability on bank credit facility at December 31, 2015
      • 2% of properties are not encumbered with secured mortgage debt
      • Total shareholder return of 6.4% for 2015 exceeds peers, industry averages and general equity averages
      • Total average annual shareholder return of 14.8% over the past 25 years exceeds peers, industry averages and general equity averages

    You can read the full press release here.

    You can see our 2015 Annual Supplemental Data here.

  9. Common Dividend Declared by National Retail Properties, Inc.

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    Orlando, Florida, January 15, 2016 – 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 February 16, 2016 to common shareholders of record on January 29, 2016. National Retail Properties is one of only four publicly traded REITs and 99 publicly traded companies in America to have increased annual dividends for 26 or more consecutive years.

    Read the full press release here.

  10. National Retail Properties, Inc. Announces 2015 Dividend Tax Status

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    Orlando, Florida, January 12, 2016 – National Retail Properties, Inc. (NYSE:NNN), a real estate investment trust, announced today that 81.9392% 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 2015 are classified for federal income tax purposes as a taxable distribution.

    Read the full press release here.

     

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