Tuesday, November 3, 2015

National Retail Properties Inc. Announces Record Third-Quarter Operating Results and 2016 FFO Guidance

Kevin Habicht
Orlando, FL,  Nov,  3, 2015 – 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, 2015.

Highlights include:

• FFO per share and Recurring FFO per share increased 11.5% over prior year results
• AFFO per share increased 11.3% over prior year results
• Portfolio occupancy was 99.1% at September 30, 2015, as compared to 98.8% at June 30, 2015 and March 31, 2015
• Invested $263.8 million in 97 properties with an aggregate 732,000 square feet of gross leasable area at an initial cash
yield of 7.2%
• Sold five properties for $8.2 million producing $1.9 million of gains on sales, net of income tax
• Raised $38.2 million in net proceeds from the issuance of 1,045,972 common shares
• Results include $1.95 million of rental revenue from a 2013 tenant default settlement

For a complete copy of the company’s news release, please contact:

Kevin B. Habicht
Chief Financial Officer

(407) 265-7348 

No comments: