OverviewSuggest Edit

National Retail Properties, a real estate investment trust, invests in single-tenant retail properties generally subject to long-term, net leases. The company was formed in 1984 and began trading on the New York Stock Exchange in 1994. As one of only 99out of the more than 10,000 publicly-traded companies that have increased annual dividends for 26 or more consecutive years, we are a powerful partner for our retail customers and a proven investment for our shareholders. The average annual total return to shareholders has been 14.9% over the past 25 years. We own a diversified portfolio of 2,231 freestanding retail properties in 47 states with a total gross leasable area of approximately 24.5 million square feet. These properties are leased to more than 400 tenants in 38 industry classifications. ... Show more
TypePublic
Founded1984
HQOrlando, US
Websitennnreit.com
Employee Ratings2.7

Latest Updates

Employees (est.) (Feb 2019)66
Revenue (FY, 2017)$584.9 M(+10%)
Share Price (Feb 2019)$52.1 (-2%)

Key People/Management at National Retail Properties

Julian E. Whitehurst

Julian E. Whitehurst

President and Chief Executive Officer
Kevin B. Habicht

Kevin B. Habicht

Executive Vice President and Chief Financial Officer
Paul E. Bayer

Paul E. Bayer

Executive Vice President and Chief Investment Officer
Christopher P. Tessitore

Christopher P. Tessitore

Executive Vice President and General Counsel
Robert C. Legler

Robert C. Legler

Chairman
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National Retail Properties Office Locations

National Retail Properties has an office in Orlando
Orlando, US (HQ)
900 450 S Orange Ave
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National Retail Properties Financials and Metrics

National Retail Properties Revenue

National Retail Properties's revenue was reported to be $584.93 m in FY, 2017
USD

Revenue (Q2, 2018)

308.4m

Net income (Q2, 2018)

173.9m

Market capitalization (12-Feb-2019)

8.3b

Closing stock price (12-Feb-2019)

52.1

Cash (30-Jun-2018)

1.9m
National Retail Properties's current market capitalization is $8.3 b.
Annual
USDFY, 2015FY, 2016FY, 2017

Revenue

482.9m533.6m584.9m

Revenue growth, %

11%

General and administrative expense

34.7m36.5m33.8m

Operating expense total

194.3m224.6m247.4m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

104.1m105.6m109.9m116.2m117.2m123.1m127.0m130.9m134.5m141.4m145.6m147.7m152.8m308.4m

General and administrative expense

7.5m8.9m8.1m9.0m8.6m7.8m8.6m9.2m8.7m9.1m8.9m8.8m7.4m8.7m17.4m

Operating expense total

37.8m41.8m41.0m43.5m46.5m49.8m47.1m49.5m55.9m63.9m55.9m63.0m61.6m61.6m123.5m

Depreciation and amortization

28.0m34.2m40.1m44.5m87.8m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

1.5m10.6m14.3m294.5m1.4m

Accounts Receivable

1.0k97.7m

Inventories

127.0m

Total Assets

4.5b4.9b5.5b6.3b6.6b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

6.5m5.9m85.4m4.9m4.5m2.4m2.6m8.2m2.4m5.9m34.4m4.5m254.3m4.0m1.9m

Total Assets

4.4b4.5b4.7b4.9b5.0b5.1b5.3b5.6b5.8b5.9b6.1b6.3b6.6b6.7b6.7b

Total Liabilities

1.6b1.7b1.8b2.0b1.9b2.0b2.2b2.1b2.2b2.3b2.4b2.6b2.9b2.8b2.8b

Additional Paid-in Capital

2.3b2.4b2.4b2.5b2.8b2.8b2.8b3.1b3.3b3.3b3.4b3.4b3.5b3.6b3.7b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

1.11.2k265.4m

Depreciation and Amortization

99.6m116.2m134.8m149.1m173.7m

Cash From Operating Activities

274.4m296.7m341.1m415.3m421.6m

Cash From Investing Activities

(568.0m)(541.6m)(644.5m)(779.9m)(625.6m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018Q2, 2018

Net Income

290.0280.0300.0310.0340.0280.0340.0103.3m173.9m

Depreciation and Amortization

25.9m28.0m56.0m29.8m32.1m66.3m33.6m34.7m36.5m39.0m40.1m44.5m87.8m

Accounts Payable

18.5m30.5m29.3m17.4m29.5m33.6m19.1m32.8m36.4m

Cash From Operating Activities

137.0m167.8m117.2m130.0m228.2m
USDY, 2018

Financial Leverage

1.7 x
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National Retail Properties News and Updates

Betsy D. Holden Appointed to Board of Directors of National Retail Properties, Inc.

ORLANDO, Fla., Feb. 11, 2019 /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced that Betsy D. Holden was appointed to the Board of Directors. "I am honored to welcome Betsy Holden to the Board of Directors of National Retail...

National Retail Properties, Inc. Announces 2018 Dividend Tax Status

ORLANDO, Fla., Jan. 11, 2019 /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, announced today that 88.0490% of the dividends paid to common shareholders, 100.0% of the dividends paid to shareholders of its Preferred Series E and 100.0% of the...

Robert C. Legler Retires As Chairman Of National Retail Properties, Inc.

ORLANDO, Fla., Dec. 20, 2018 /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN), announced today that Robert C. Legler has retired as Chairman and a member of the Board of Directors effective December 20, 2018. Mr. Legler has served as a director of the company since 2002 and...

National Retail Properties, Inc. Announces Redemption Of 5.500% Notes Due 2021

ORLANDO, Fla., Sept. 19, 2018 /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN) (the "Company") today announced that it is notifying holders of its 5.500% Notes due 2021 ("Notes") that the Company will redeem all outstanding Notes on October 19, 2018. The Notes will be redeemed ...

National Retail Properties, Inc. Prices Offering Of $400,000,000 Of 4.300% Senior Unsecured Notes Due 2028 And $300,000,000 Of 4.800% Senior Unsecured Notes Due 2048

ORLANDO, Fla., Sept. 18, 2018 /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN) (the "Company") today announced that it has priced its public offering of $400,000,000 of 4.300% senior unsecured notes due 2028 (the "2028 notes") and $300,000,000 of 4.800% senior unsecured notes...
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National Retail Properties Blogs

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

Orlando, Florida, February 15, 2019 – 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, 2019, to sharehold…

Record Annual Results Announced by National Retail Properties, Inc.

Orlando, Florida, February 12, 2019 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced operating results for the quarter and year ended December 31, 2018.  Highlights include: Operating Results: Revenues and net earnings, FFO, Core FFO and AFFO available …

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

Orlando, Florida, November 15, 2018 – 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 December 14, 2018, to shareh…

Third Quarter 2018 Operating Results and 2019 Guidance Announced by National Retail Properties, Inc.

Orlando, Florida, November 1, 2018 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced its operating results for the quarter and nine months ended September 30, 2018.  Highlights include:   Operating Results: Revenues and net earnings, FFO, Core FFO and AF…

Common Dividend Declared by National Retail Properties, Inc.

Orlando, Florida, October 15, 2018 – The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend of 50 cents per share payable November 15, 2018, to common shareholders of record on October 31, 2018.   National Retail Properti…

National Retail Properties, Inc. Declares Dividends For Its 5.70% Series E Preferred and 5.20% Series F Preferred Stocks

Orlando, Florida, August 15, 2018 – 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 14, 2018, to shareho…
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National Retail Properties Company Life and Culture

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National Retail Properties Frequently Asked Questions

  • When was National Retail Properties founded?

    National Retail Properties was founded in 1984.

  • Who are National Retail Properties key executives?

    National Retail Properties's key executives are Julian E. Whitehurst, Kevin B. Habicht and Paul E. Bayer.

  • How many employees does National Retail Properties have?

    National Retail Properties has 66 employees.

  • What is National Retail Properties revenue?

    Latest National Retail Properties annual revenue is $584.9 m.

  • What is National Retail Properties revenue per employee?

    Latest National Retail Properties revenue per employee is $8.9 m.

  • Who are National Retail Properties competitors?

    Competitors of National Retail Properties include Global Net Lease, Kimco Realty and New York REIT.

  • Where is National Retail Properties headquarters?

    National Retail Properties headquarters is located at 900 450 S Orange Ave, Orlando.

  • Where are National Retail Properties offices?

    National Retail Properties has an office in Orlando.

  • How many offices does National Retail Properties have?

    National Retail Properties has 1 office.