National Retail Properties

Aug 1984: Organized as a real estate investment trust named Golden Corral Realty Corp., listed on NASDAQ

Apr 1993: Name changed to Commercial Net Lease Realty, Inc.

Jan 1994: Stock commenced trading on the New York Stock Exchange

Apr 1997: 50th consecutive quarterly dividend declared

Jan 1998: Became a self-administered and self-managed REIT

Jun 2000: NNN added to exclusive Mergent's Dividend Achievers list

Dec 2001: Acquired Captec Net Lease Realty, Inc., a publicly traded REIT; 9% Series A Preferred Stock began trading on the New York Stock Exchange, total assets exceeded $1 billion for the first time

Feb 2004: NNN added to S&P 600 Index; Craig Macnab appointed CEO

Jan 2005: Agreed to acquire National Properties Corporation (NASDAQ: NAPE)

Jun 2005: Clifford R. Hinkle elected Chairman of the Board

May 2006: Name changed to National Retail Properties, Inc.

Nov 2006: 17^th consecutive year of increased annual dividends ($1.32 per share)

Sept 2007: Total assets exceed $2.3 billion