Archive: 2017

  1. 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.

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

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    Orlando, Florida, January 17, 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 February 15, 2017 to common shareholders of record on January 31, 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 September 30, 2016, the company owned 2,485 properties in 48 states with a gross leasable area of approximately 26.6 million square feet and a weighted average remaining lease term of 11.5 years.  For more information on the company, visit www.nnnreit.com.

  3. National Retail Properties, Inc. Announces 2016 Dividend Tax Status

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    Orlando, Florida, January 13, 2017 – National Retail Properties, Inc. (NYSE:NNN), a real estate investment trust, announced today that 85.0396% of the dividends paid to common shareholders, 100.0% of the dividends paid to shareholders of its Preferred Series D, 100.0% of the dividends paid to shareholders of its Preferred Series E and 100.0% of the dividends paid to shareholders of its Preferred Series F in 2016 are classified for federal income tax purposes as a taxable distribution. The tax attributes of the common stock and preferred series’ dividends paid per share are outlined below.

    Total
    Dividend
    Ordinary Income Non-taxable Distributions
     
    Common Stock  (CUSIP #: 637417106)
    100.0000% 85.0396% 14.9604%
    $1.780000 $1.513705 $0.266295
    Preferred Series D (CUSIP #: 637417601)
    100.0000% 100.0000% 0.0000%
    $1.656250 $1.656250 $0.000000
    Preferred Series E (CUSIP #: 637417809)
    100.0000% 100.0000% 0.0000%
    $1.425000 $1.425000 $0.000000
    Preferred Series F (CUSIP #: 637417874)
    100.0000% 100.0000% 0.0000%
    $0.231111 $0.231111 $0.000000

    Click here for the full press release.

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