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

ORLANDO, FL,  Feb. 15, 2010 /PRNewswire-FirstCall/ -- The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend on its Series C Cumulative Redeemable Preferred Stock of 46.09375 cents per depositary share payable March 15, 2010, to shareholders of record on February 26, 2010. 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 December 31, 2009, the company owned 1,015 Investment Properties in 44 states with a gross leasable area of approximately 11.4 million square feet. For more information on the company, visit http://www.nnnreit.com/.

Contact: Kevin B. Habicht, Chief Financial Officer, +1-407-265-7348