Profile: National Retail Properties Inc (NNN.N)

NNN.N on New York Stock Exchange

34.09USD
4:02pm EDT
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$-0.90 (-2.57%)
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Volume
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$41.97
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National Retail Properties, Inc. (NNN) is a fully integrated real estate investment trust (REIT). NNN's assets include real estate assets, mortgages and notes receivable, and commercial mortgage residual interests. NNN acquires, owns, invests in and develops properties that are leased to retail tenants under long-term net leases and primarily held for investment. As of December 31, 2011, NNN owned 1,422 Properties (including 11 properties with retail operations that NNN operates), with an aggregate gross leasable area of 16,428,000 square feet, located in 47 states. NNN’s primary business objectives emphasize retail properties. NNN focuses to invest in a range of property and tenant types; leases, mortgages, commercial mortgage residual interests and other types of real estate interests; loans secured by personal property; loans secured by partnerships or membership interests in partnerships or limited liability companies, respectively, and securities of other REITs, or other issuers, including for the purpose of exercising control over such entities.

As of December 31, 2011, approximately 97% of the total properties in NNN’s Property Portfolio were leased or operated. As of December 31, 2011, the weighted average remaining lease term was approximately 12 years. NNN’s Property Portfolio, based on the lines of trade include convenience stores, restaurants - full service, automotive parts, general merchandise, theaters, automotive service, sporting goods, restaurants - limited service, consumer electronics and drug stores. As of December 31, 2011, 51% of NNN’s Property Portfolio annual base rent was generated from five retail lines of trade, including convenience stores (25%) and full-service restaurants (9%); 27% of NNN’s Property Portfolio annual base rent was generated from five tenants, including The Pantry, Inc. (7%) and Susser Holdings Corp. (6%), and 47% of NNN’s Property Portfolio annual base rent was generated from five states, including Texas (23%) and Florida (9%).

Company Address

National Retail Properties Inc

Suite 900, 450 S Orange Avenue
ORLANDO   FL   32801
P: +1407.2657348
F: +1407.6503650

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