1. Craig Macnab to Retire as CEO of National Retail Properties, Inc.; Julian E. (“Jay”) Whitehurst Named as Successor

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    Orlando, Florida, September 29, 2016 – National Retail Properties, Inc. (NYSE: NNN) (the “Company”) today announced that Craig Macnab, Chief Executive Officer and Chairman of the Board, will retire as CEO and step down as Chairman and a member of the Board of Directors effective April 28, 2017. Julian E. (“Jay”) Whitehurst, currently President and Chief Operating Officer, will assume the role of President and CEO as of April 28, 2017.

    Mr. Macnab has been the Company’s Chief Executive Officer since February 2004, and the Chairman of its Board of Directors since February 2008.

    Mr. Macnab commented: “National Retail Properties has a compelling business model, a great retail real estate portfolio that is conservatively financed, a wonderful culture and an exceptional team. Jay is the right person to succeed me and I look forward to watching Jay and his colleagues take NNN to the next level.”

    As a part of the Board’s succession planning activities and upon Mr. Macnab’s recommendation, the Company’s Board of Directors has unanimously appointed Mr. Whitehurst President and CEO effective April 28, 2017. Mr. Whitehurst joined the Company in February 2003, was appointed Chief Operating Officer in June 2004 and has served as President since May 2006.

    Mr. Whitehurst commented, “I want to thank Craig and our Board of Directors for the opportunity to serve as the next CEO of National Retail Properties upon Craig’s retirement. We will certainly miss Craig when he steps down next spring, but our experienced management team and talented associates will continue his mission to deliver outstanding results and create shareholder value.”

    The Board has appointed Robert Legler, the Board’s lead independent Director, as Chairman of the Board effective upon Mr. Macnab’s retirement. Said Mr. Legler, “On behalf of National Retail Properties’ entire Board of Directors, I would like to recognize Craig’s exceptional leadership. He has been seen as a leader among his peers in the REIT industry for many years, and the Company’s operating performance has benefited from his guidance and execution. During Craig’s tenure, total assets have grown from $1.2 billion to more than $6 billion and most importantly the Company has produced average annual total shareholder returns over 14%. Strong leaders require strong successors, and consummating our thorough executive succession plan, the Board is pleased to appoint Jay Whitehurst to the role of President and CEO. Jay’s experience and talents equip him well for the opportunities ahead, and we are confident that he will build upon the solid foundation that Craig has established.”

    National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of June 30, 2016, the company owned 2,452 properties in 48 states with a gross leasable area of approximately 26.3 million square feet with a weighted average remaining lease term of 11.4 years.

  2. Pamela K. M. Beall and Steven D. Cosler Appointed to Board of Directors of National Retail Properties, Inc.

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    Orlando, Florida, August 19, 2016 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced that Pamela K. M. Beall and Steven D. Cosler were appointed to the Board of Directors.

    “We are excited to add Pam and Steve to our Board. Pam’s financial expertise and Steve’s extensive management experience will make each of them an excellent addition. They both bring a broad depth of business skill and prior board experience that will complement our other directors,” said Craig Macnab, Chairman and Chief Executive Officer.

    Click here to read the full press release.

  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, August 15, 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 September 15, 2016, to shareholders of record on August 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 September 15, 2016, to shareholders of record on August 31, 2016.

    National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of June 30, 2016, the company owned 2,452 properties in 48 states with a gross leasable area of approximately 26.3 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. 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

  5. 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.

  6. 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.

  7. 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.

  8. 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.

     

  9. 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

  10. 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.

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