National Retail Properties Declares Dividends for its 6.625 Percent Series D Preferred and 5.70 Percent Series E Preferred Stocks

ORLANDO, FL --  The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a cash dividend on its 6.625% Series D Cumulative Redeemable Preferred Stock of 41.40625 cents per depositary share payable March 16, 2015, to shareholders of record on February 27, 2015.

The Board also declared a cash dividend on its 5.70% Series E Cumulative Redeemable Preferred Stock of 35.625 cents per depositary share payable March 16, 2015, to shareholders of record on February 27, 2015.

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

Kevin B. Habicht

Chief Financial Officer

(407) 265-7348