Betsy D. Holden Appointed to Board of Directors of National Retail Properties, Inc.

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Orlando, Florida, February 11, 2019 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced that Betsy D. Holden was appointed to the Board of Directors. “I am honored to welcome Betsy Holden to the Board of Directors of National Retail Properties. Betsy’s background and experience, as a former co-CEO of Kraft Foods, Inc. and as a Senior Advisor at McKinsey & Company, will bring tremendous value to National Retail Properties in the areas of strategy, governance and consumer retailing."

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Dividend Yield

5.5%

Total Shareholder Return Comparison

	1 Year	5 Years	10 Years	15 Years	20 Years	25 Years	30 Years
NNN REIT	-6.8%	0.0%	5.8%	8.0%	9.6%	10.3%	10.2%
Indices
* NAREIT Equity REIT Index (FNERTR)	-1.7%	2.8%	6.2%	6.1%	7.9%	8.6%	8.6%
* Morgan Stanley REIT Index (RMS G)	3.2%	2.8%	5.9%	5.9%	7.7%	8.5%	N/A
S&P 500 Index (SPX)	21.7%	9.9%	11.9%	11.3%	9.7%	7.9%	9.8%
* S&P 400 Index (MID)	15.5%	6.0%	8.9%	10.3%	9.9%	10.3%	10.8%

For Periods Ending September 30, 2023. Total Return comprised of stock price appreciation plus dividends paid.

* NNN is a member of this index. Source: Bloomberg