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| 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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