Tuesday, February 11, 2014

2013 Operating Results Announced by National Retail Properties Inc


Craig Macnab
Orlando, FL,  Feb. 11, 2014 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced operating results for the quarter and year ended December 31, 2013.

Craig Macnab, Chief Executive Officer, commented: "Growing FFO and AFFO per share results 8% in 2013 while deleveraging an
already strong balance sheet is the continuation of a trend during recent years.

“Over the past three years, we have been able to grow
FFO and AFFO per share results more than 25% while funding 80% of our $2.1 billion of acquisitions with permanent capital consisting of equity and asset disposition proceeds.

“We are well positioned to deliver solid per share growth in 2014 and we are optimistic this will be our 25th consecutive year of increased dividends per share.

“We will continue to build value by allocating capital to the disciplined acquisition of well underwritten retail properties, focusing on increasing per share results as opposed to asset size goals and maintaining a conservative and flexible balance sheet."

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

 As of December 31, 2013, the company owned 1,860 properties in 47 states with a gross leasable area of approximately 20.4 million square feet.

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

Kevin B. Habicht
Chief Financial Officer
(407) 265-7348

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