 |
| Jay Whitehurst |
Orlando, FL –
National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, announced
its operating results for the quarter and six months ended June 30, 2017.
Jay Whitehurst, Chief Executive Officer, commented:
“National Retail Properties enjoyed another impressive quarter, driven by our
healthy portfolio, our selectively underwritten acquisitions, and our flexible,
low leverage balance sheet, all of which has positioned us to raise our
guidance and, as previously announced, to raise our common dividend for the
28th consecutive year, a record matched by only three other REITs and less than
90 public companies in the United States.”
Second
Quarter 2017 Highlights:
 |
| Kevin Habicht |
• FFO per
share increased 5.4% over prior year results
• Core FFO
per common share increased 8.5% over prior year results
• AFFO per
common share increased 8.3% over prior year results
• Portfolio
occupancy was 99.3% at June 30, 2017 as compared to 99.1% at March 31, 2017 and
99.0% at December 31, 2016
• Invested
$299.5 million in property investments, including the acquisition of 140
properties with an aggregate 832,000
square feet of gross leasable area at an initial cash yield of 6.9%
• Sold eight
properties for $9.3 million producing $2.7 million of gains on sales, net of
non-controlling interests
• Raised
$25.1 million net proceeds from the issuance of 583,946 common shares.
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases.
For a complete copy of the company’s
news release, please contact:
Kevin B.
Habicht
Chief
Financial Officer
(407) 265-7348
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