Comments Off on Second Quarter 2016 Operating Results Announced by National Retail Properties, Inc.

Orlando, Florida, August 2, 2016 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced its operating results for the quarter and six months ended June 30, 2016.  Highlights include:

 

Operating Results:

  • Revenues and net earnings, FFO, Core FFO and AFFO available to common stockholders and diluted per share amounts:

Quarter Ended

Six Months Ended

June 30,

June 30,

2016 2015 2016

2015

(in thousands, except per share data)

Revenues

$

130,926 $ 117,208 $ 257,907 $ 233,394
Net earnings available to common stockholders

$

43,084 $ 37,330 $ 104,908 $ 82,450
Net earnings per common share

$

0.30 $ 0.28 $ 0.73 $ 0.62
FFO available to common stockholders

$

80,503 $ 73,090 $ 160,601 $ 143,933
FFO per common share

$

0.56 $ 0.55 $ 1.13 $ 1.08
Core FFO available to common stockholders

$

84,404 $ 73,518 $ 164,722 $

144,517

Core FFO per common share

$

0.59 $ 0.55 $ 1.15 $

1.09

AFFO available to common stockholders

$

86,531 $ 75,181 $ 168,280 $

147,304

AFFO per common share

$

0.60 $ 0.56 $ 1.18 $

1.11

 

 

 

Second Quarter 2016 Highlights:

 

  • FFO per share increased 1.8% over prior year results
  • Core FFO per share increased 7.3% over prior year results
  • AFFO per share increased 7.1% over prior year results
  • Portfolio occupancy was 99.1% at June 30, 2016 consistent with March 31, 2016 and December 31, 2015
  • Invested $343.6 million in property investments, including the acquisition of 165 properties with an aggregate 1,095,000 square feet of gross leasable area at an initial cash yield of 6.9%
  • Sold seven properties for $19.7 million producing $1.2 million of gains on sales
  • Raised $128.3 million net proceeds from the issuance of 2,763,555 common shares

 

 

First Half 2016 Highlights:

 

  • FFO per share increased 4.6% over prior year results
  • Core FFO per share increased 5.5% over prior year results
  • AFFO per share increased 6.3% over prior year results
  • Invested $468.7 million in 211 properties with an aggregate 1,686,000 square feet of gross leasable area at an initial cash yield of 6.9%
  • Sold 17 properties for $72.5 million producing $18.1 million of gains on sales
  • Raised $216.3 million in net proceeds from the issuance of 4,762,965 common shares

 

Click here to read the full press release

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