Archive: 2017

  1. National Retail Properties, Inc. Declares Dividends for its 5.70% Series E Preferred and 5.20% Series F Preferred Stocks

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    Orlando, Florida, August 15, 2017 – The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a cash dividend on its 5.70% Series E Cumulative Redeemable Preferred Stock of 35.625 cents per depositary share payable September 15, 2017, to shareholders of record on August 31, 2017. The Board also declared a cash dividend on its 5.20% Series F Cumulative Redeemable Preferred Stock of 32.5 cents per depositary share payable September 15, 2017, to shareholders of record on August 31, 2017.

    National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of June 30, 2017, the company owned 2,675 properties in 48 states with a gross leasable area of approximately 28.1 million square feet with a weighted average remaining lease term of 11.5 years. For more information on the company, visit www.nnnreit.com.

     

  2. Second Quarter 2017 Operating Results and Increased 2017 Guidance Announced by National Retail Properties, Inc.

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    Orlando, Florida, August 1, 2017 – 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, 2017. 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,
    2017 2016 2017 2016
    (in thousands, except per share data)
    Revenues $ 145,550 $ 130,926 $ 286,981 $ 257,907
    Net earnings available to common stockholders $ 49,447 $ 43,084 $ 101,068 $ 104,908
    Net earnings per common share $ 0.33 $ 0.30 $ 0.68 $ 0.73
    FFO available to common stockholders $ 87,884 $ 80,503 $ 166,151 $ 160,601
    FFO per common share $ 0.59 $ 0.56 $ 1.12 $ 1.13
    Core FFO available to common stockholders $ 95,425 $ 84,404 $ 183,547 $ 164,722
    Core FFO per common share $ 0.64 $ 0.59 $ 1.24 $ 1.15
    AFFO available to common stockholders $ 96,412 $ 86,531 $ 185,457 $ 168,280
    AFFO per common share $ 0.65 $ 0.60 $ 1.25 $ 1.18

     

    Second Quarter 2017 Highlights:

    • FFO per share increased 5.4% over prior year results
    • Core FFO per common share increased 8.5% over prior year results
    • AFFO per common share increased 8.3% over prior year results
    • Portfolio occupancy was 99.3% at June 30, 2017 as compared to 99.1% at March 31, 2017 and 99.0% at December 31, 2016
    • Invested $299.5 million in property investments, including the acquisition of 140 properties with an aggregate 832,000 square feet of gross leasable area at an initial cash yield of 6.9%
    • Sold eight properties for $9.3 million producing $2.7 million of gains on sales, net of noncontrolling interests
    • Raised $25.1 million net proceeds from the issuance of 583,946 common shares

    First Half 2017 Highlights:

    • Core FFO per share increased 7.8% over prior year results
    • AFFO per share increased 5.9% over prior year results
    • Invested $407.4 million in 164 properties with an aggregate 1,082,000 square feet of gross leasable area at an initial cash yield of 6.9%
    • Sold 25 properties for $48.3 million producing $17.3 million of gains on sales, net of noncontrolling interests
    • Raised $73.6 million in net proceeds from the issuance of 1,687,621 common shares

     

    For the full press release click here.

     

  3. Common Dividend Increased by National Retail Properties, Inc.

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    Orlando, Florida, July 14, 2017 – The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend of 47.5 cents per share payable August 15, 2017 to common shareholders of record on July 31, 2017.   The 4.4% increase in the quarterly dividend marks the 28th consecutive annual dividend increase for NNN.  National Retail Properties is one of only four publicly traded REITs and 94 publicly traded companies in America to have increased annual dividends for 28 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, 2017, the company owned 2,543 properties in 48 states with a gross leasable area of approximately 27.3 million square feet with a weighted average remaining lease term of 11.4 years. For more information on the company, visit www.nnnreit.com.

     

  4. National Retail Properties, Inc. Declares Dividends for its 5.70% Series E Preferred and 5.20% Series F Preferred Stocks

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    Orlando, Florida, May 15, 2017 – The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a cash dividend on its 5.70% Series E Cumulative Redeemable Preferred Stock of 35.625 cents per depositary share payable June 15, 2017, to shareholders of record on May 31, 2017.  The Board also declared a cash dividend on its 5.20% Series F Cumulative Redeemable Preferred Stock of 32.5 cents per depositary share payable June 15, 2017, to shareholders of record on May 31, 2017.

    National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of March 31, 2017, the company owned 2,543 properties in 48 states with a gross leasable area of approximately 27.3 million square feet with a weighted average remaining lease term of 11.4 years. For more information on the company, visit www.nnnreit.com.

  5. First Quarter 2017 Operating Results and Increase of Lower End of 2017 Guidance Announced by National Retail Properties, Inc.

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    Orlando, Florida, May 2, 2017 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced its operating results for the quarter ended March 31, 2017.  Highlights include:

    Operating Results:

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

    Quarter Ended
    March 31,
    2017 2016
    (in thousands, except per share data)
    Revenues $ 141,432 $ 126,980
    Net earnings available to common stockholders $ 51,622 $ 61,824
    Net earnings per common share $ 0.35 $ 0.44
    FFO available to common stockholders $ 78,267 $ 80,098
    FFO per common share $ 0.53 $ 0.57
    Core FFO available to common stockholders $ 88,122 $ 80,318
    Core FFO per common share $ 0.60 $ 0.57
    AFFO available to common stockholders $ 89,045 $ 81,749
    AFFO per common share $ 0.60 $ 0.58

    First Quarter 2017 Highlights:

    • Core FFO per common share increased 5.3% over prior year results
    • AFFO per common share increased 3.4% over prior year results
    • Portfolio occupancy was 99.1% at March 31, 2017 as compared to 99.0% at December 31, 2016 and 99.1% at March 31, 2016
    • Invested $107.9 million in property investments, including the acquisition of 24 properties with an aggregate 250,000 square feet of gross leasable area at an initial cash yield of 6.9%
    • Sold 17 properties for $39.0 million producing $14.6 million of gains on sales
    • Raised $48.5 million net proceeds from the issuance of 1,103,675 common shares
    • Redeemed all 11,500,000 depositary shares representing interests in our 6.625% Series D Cumulative preferred stock at the liquidation value of $25.00 per depositary share, for $287.5 million

    April Transactions:

    • Invested $151.4 million in property investments, including the acquisition of 73 properties with an aggregate 282,000 square feet of gross leasable area

    Click here for the full press release.

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

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    Orlando, Florida, April 13, 2017 – 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 May 15, 2017 to common shareholders of record on April 28, 2017. National Retail Properties is one of only four publicly traded REITs and 94 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 December 31, 2016, the company owned 2,535 properties in 48 states with a gross leasable area of approximately 27.2 million square feet and a weighted average remaining lease term of 11.6 years. For more information on the company, visit www.nnnreit.com.

  7. Julian E. (“Jay”) Whitehurst Appointed to Board of Directors of National Retail Properties, Inc.

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    Orlando, Florida, February 15, 2017 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced that Julian E. “Jay” Whitehurst was appointed to the Board of Directors. Mr. Whitehurst, currently President and Chief Operating Officer, will also assume the role of Chief Executive Officer as of April 28, 2017.

    “We are pleased to add Jay to our Board. He has been involved with NNN in various capacities for 25 years and has extensive knowledge of the company’s strategy and culture. Jay’s broad experience and judgement will complement our other directors,” said Craig Macnab, Chairman and Chief Executive Officer.

    National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2016, the company owned 2,535 properties in 48 states with a gross leasable area of approximately 27.2 million square feet with a weighted average remaining lease term of 11.6 years. For more information on the company, visit www.nnnreit.com.

  8. National Retail Properties, Inc. Declares Dividends for its 5.70% Series E Preferred and 5.20% Series F Preferred Stocks

    Comments Off on National Retail Properties, Inc. Declares Dividends for its 5.70% Series E Preferred and 5.20% Series F Preferred Stocks

    Orlando, Florida, February 15, 2017 – The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a cash dividend on its 5.70% Series E Cumulative Redeemable Preferred Stock of 35.625 cents per depositary share payable March 15, 2017, to shareholders of record on February 28, 2017.  The Board also declared a cash dividend on its 5.20% Series F Cumulative Redeemable Preferred Stock of 32.5 cents per depositary share payable March 15, 2017 to shareholders of record on February 28, 2017.

    National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2016, the company owned 2,535 properties in 48 states with a gross leasable area of approximately 27.2 million square feet with a weighted average remaining lease term of 11.6 years. For more information on the company, visit www.nnnreit.com.

  9. Record Annual Results Announced by National Retail Properties, Inc.

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    Orlando, Florida, February 13, 2017 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced operating results for the quarter and year ended December 31, 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 Year Ended
    December 31, December 31,
    2016 2015 2016 2015
    (in thousands, except per share data)
    Revenues $ 141,199 $ 126,377 $ 533,647 $ 482,916
    Net earnings available to common stockholders $ 54,044 $ 33,612 $ 200,877 $ 162,402
    Net earnings per common share $ 0.37 $ 0.24 $ 1.38 $ 1.20
    FFO available to common stockholders $ 88,717 $ 67,319 $ 330,544 $ 289,193
    FFO per common share $ 0.60 $ 0.49 $ 2.28 $ 2.15
    Core FFO available to common stockholders $ 88,717 $ 76,661 $ 340,643 $ 299,171
    Core FFO per common share $ 0.60 $ 0.56 $ 2.35 $ 2.22
    AFFO available to common stockholders $ 90,285 $ 77,953 $ 347,933 $ 304,772
    AFFO per common share $ 0.62 $ 0.57 $ 2.41 $ 2.27

     

    • Portfolio occupancy was 99.0% at December 31, 2016 and September 30, 2016, as compared to 99.1% at December 31, 2015

    Click here for the full press release.

    Click here for the Annual Supplemental Data.

  10. National Retail Properties, Inc. Announces Redemption of All Outstanding Depositary Shares Representing Interests in its 6.625% Series D Cumulative Redeemable Preferred Stock

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    ORLANDO, Fla., January 18, 2017 – National Retail Properties, Inc. (NYSE: NNN) (the Company”) today called for redemption of all outstanding shares of its 6.625% Series D Cumulative Redeemable Preferred Stock (the “Series D Preferred Shares”) represented by depositary shares, each representing a 1/100th interest in a Series D Preferred Share (the “Depositary Shares,” CUSIP: 637417601; NYSE: NNNPRD). The Depositary Shares will be redeemed on February 23, 2017 at $25.00 per Depositary Share, plus all accrued and unpaid dividends through the redemption date, for an aggregate redemption price of $25.3128472 per Depositary Share. After the redemption date, dividends on the Depositary Shares representing interests in Series D Preferred Shares will cease to accrue.

    The redemptions will be made in accordance with The Depositary Trust Company’s procedures. The Depositary Shares shall be surrendered for payment of the redemption price to American Stock Transfer and Trust Company, the redemption and paying agent.

    National Retail Properties, Inc. invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2016, the Company owned 2,485 properties in 48 states with an aggregate gross leasable area of approximately 26.6 million square feet and with a weighted average remaining lease term of 11.5 years.

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