Tuesday, September 13, 2011

National Retail Properties, Inc. Closes Offering of Common Stock


     ORLANDO, FL,  /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN) (the "Company")  announced that it has closed an underwritten public offering of 9,200,000 shares of common stock at a price of $26.07 per share, which includes 1,200,000 shares sold to the underwriters pursuant to the full exercise of their option to purchase additional shares.

 The Company estimates that the net proceeds from the offering will be approximately $229.4 million, after deducting the underwriting discount and estimated offering expenses.  The Company intends to use the net proceeds from the offering to repay borrowings under its credit facility and for general corporate purposes, which may include future property acquisitions.

Citigroup, Wells Fargo Securities and BofA Merrill Lynch acted as joint book-running managers for the offering. RBC Capital Markets, Raymond James and Stifel Nicolaus Weisel acted as senior co-managers for the offering. 

Also, Janney Montgomery Scott, UBS Investment Bank, BB&T Capital Markets, Morgan Keegan, PNC Capital Markets LLC, Piper Jaffray, SunTrust Robinson Humphrey, Capital One Southcoast and FBR Capital Markets acted as junior co-managers for the offering.

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

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