National Retail Properties, Inc. Declares Dividend for Its Series C Preferred Stock

ORLANDO, FL/PRNewswire-FirstCall/ -- The Board of Directors of National Retail Properties, Inc. ("Board") (NYSE: NNN), a real estate investment trust, has declared a quarterly dividend on its Series C Cumulative Redeemable Preferred Stock of 46.09375 cents per depositary share payable December 15, 2008 to shareholders of record on November 28, 2008.

The dividend represents an annualized rate of $1.84375 per depositary share.

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases.

As of September 30, 2008, the company owned 990 Investment Properties in 44 states with a gross leasable area of approximately 11 million square feet. For more information on the company, visit http://www.nnnreit.com/.

Contact: Kevin B. Habicht, (top right photo) Chief Financial Officer of National Retail Properties, Inc., +1-407-265-7348