Key Developments: National Retail Properties Inc (NNN.N)

NNN.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

National Retail Properties Inc Raises FY 2013 FFO Guidance
8:30am EDT 

National Retail Properties Inc announced the for fiscal 2013, it has increased FFO guidance from a range of $1.85 to $1.89 to a range of $1.86 to $1.90 per share before any impairment expense. 2013 AFFO is estimated to be $1.94 to $1.98 per share. The FFO guidance equates to net earnings before any gains or losses from the sale of real estate of $1.02 to $1.09 per share, plus $0.81 per share of expected real estate depreciation, amortization and impairments. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report FFO of $1.88 for fiscal 2013.  Full Article

National Retail Properties Inc Increases Common Dividend
Monday, 15 Jul 2013 08:30am EDT 

National Retail Properties Inc announced that it has declared a quarterly dividend of 40.5 cents per share payable August 15, 2013 to common shareholders of record on July 31, 2013. The dividend represents an annualized rate of $1.62 per share and marks the twenty-fourth consecutive year National Retail Properties has paid increased annual dividends per share.  Full Article

National Retail Properties Inc Declares Dividend For Its 6.625% Series D Preferred Stock
Wednesday, 15 May 2013 08:30am EDT 

National Retail Properties Inc announced that the Board of Directors declared a cash dividend on its 6.625% Series D Cumulative Redeemable Preferred Stock of 41.40625 cents per depositary share payable June 14, 2013, to shareholders of record on May 31, 2013.  Full Article

National Retail Properties Inc Raises FY 2013 FFO Guidance
Thursday, 2 May 2013 08:30am EDT 

National Retail Properties Inc raised fiscal 2013 funds from operations (FFO) guidance from a range of $1.81 to $1.85 to a range of $1.85 to $1.89 per share before any impairment expense. 2013 AFFO is estimated to be $1.93 to $1.97 per share. The FFO guidance equates to net earnings before any gains or losses from the sale of real estate of $1.08 to $1.12 per share plus $0.77 per share of expected real estate depreciation and amortization. The guidance is based on current plans and assumptions and subject to risks and uncertainties more fully described in this press release and the company's reports filed with the Securities and Exchange Commission. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $1.87 for fiscal 2013.  Full Article

National Retail Properties Inc Announces Common Dividend
Monday, 15 Apr 2013 08:30am EDT 

National Retail Properties Inc announced that it has declared a quarterly dividend of 39.5 cents per share payable May 15, 2013 to common shareholders of record on April 30, 2013. The dividend represents an annualized rate of $1.58 per share.  Full Article

National Retail Properties Inc Prices Offering Of $350 Million Of 3.30% Senior Unsecured Notes Due 2023
Tuesday, 9 Apr 2013 04:30pm EDT 

National Retail Properties Inc announced that it has priced its public offering of $350 million of 3.30% senior unsecured notes due April 15, 2023. The notes were offered at 99.259% of the principal amount with a yield to maturity of 3.388%. Interest on the notes will be payable semi-annually on April 15 and October 15, commencing October 15, 2013. The offering is expected to close on April 15, 2013, subject to customary closing conditions. The Company intends to use the net proceeds from the offering to repay outstanding indebtedness under its credit facility, to fund future property acquisitions and for general corporate purposes. Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC, SunTrust Robinson Humphrey, Inc. and U.S. Bancorp Investments, Inc. are acting as joint book-running managers for the offering. RBC Capital Markets, LLC, PNC Capital Markets LLC and BB&T Capital Markets, a division of BB&T Securities, LLC, are acting as senior co-managers for the offering. Capital One Southcoast, Inc. and Raymond James & Associates, Inc. are acting as co-managers for the offering.  Full Article

National Retail Properties Inc Declares Dividend For Its 6.625% Series D Preferred Stock
Friday, 15 Feb 2013 08:30am EST 

National Retail Properties Inc announced that it has declared a cash dividend on its 6.625% Series D Cumulative Redeemable Preferred Stock of 41.40625 cents per depositary share payable March 15, 2013, to shareholders of record on February 28, 2013.  Full Article

National Retail Properties Inc Raises FY 2013 FFO Guidance
Thursday, 7 Feb 2013 08:30am EST 

National Retail Properties Inc announced that it is increasing fiscal 2013 Fund From Operation (FFO) guidance from a range of $1.77 to $1.81 to a range of $1.81 to $1.85 per share before any impairment expense and AFFO is estimated to be $1.89 to $1.93 per share. The FFO guidance equates to net earnings before any gains or losses from the sale of real estate of $1.09 to $1.13 per share plus $0.72 per share of expected real estate depreciation and amortization. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $1.81 for fiscal 2013..  Full Article

National Retail Properties Inc Announces Common Dividend
Tuesday, 15 Jan 2013 06:15am EST 

National Retail Properties Inc announced that it has declared a quarterly dividend of 39.5 cents per share payable February 15, 2013 to common shareholders of record on January 31, 2013.  Full Article

National Retail Properties Inc Declares Dividend For 6.625% Series D Preferred Stock
Thursday, 15 Nov 2012 08:30am EST 

National Retail Properties Inc announced that the Board of Directors, declared a cash dividend on 6.625% Series D Cumulative Redeemable Preferred Stock of 41.40625 cents per depositary share payable December 14, 2012, to shareholders of record on November 30, 2012.  Full Article

Fitch Rates National Retail Properties' $250MM 5.7% Series E Preferred Stock 'BBB-'; Outlook Stable

(The following statement was released by the rating agency) NEW YORK, May 30 (Fitch) Fitch Ratings has assigned a credit rating of 'BBB-' to the $250 million 5.7% Series E cumulative redeemable preferred stock issued by National Retail Properties, Inc. (NYSE: NNN). The company intends to use the net proceeds for general corporate purposes, which may include funding acquisitions. Fitch currently rates National Retail Properties as follows: --Issuer Default Rating (IDR) 'BBB+'; --$500 million u

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