Other News

August 8, 2023 4:30 pm

NNN REIT, Inc. (NYSE: NNN) today announced the pricing of its public offering of $500 Million of 5.600% senior unsecured notes due 2033. The notes were offered at 97.676% of the principal amount with a yield to maturity of 5.905%. Interest on the notes will be payable semi-annually on April 15 and October 15 of each year, commencing on April 15, 2024. The notes mature on October 15, 2033. NNN intends to use the proceeds to repay all of the outstanding indebtedness under its credit facility, to fund future property acquisitions and for general corporate purposes.

April 27, 2023 4:30 pm

National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, announced today that its Board of Directors unanimously approved changing the company’s name to NNN REIT, Inc. (“NNN REIT”), effective May 1, 2023.

August 16, 2022 4:31 pm

The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced that Elizabeth Castro Gulacsy has been appointed to the Board of Directors effective August 17, 2022.

April 4, 2022 8:30 am

ORLANDO, Fla., April 4, 2022 — National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced that it has released its inaugural Corporate Responsibility & Sustainability Report. The report includes NNN’s commitments, achievements, initiatives and ongoing aspirations and references several reporting frameworks, including the Global Reporting Initiative (GRI) Standards and the United Nations Sustainable Development Goals (SDGs).

February 17, 2022 8:30 am

National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced that Stephen A. “Steve” Horn, Jr. was appointed to the Board of Directors (the “Board”). Mr. Horn, currently Executive Vice President and Chief Operating Officer, will assume the roles of Chief Executive Officer and President as of April 29, 2022.

January 19, 2022 4:05 pm

National Retail Properties, Inc. (NYSE: NNN) today announced that Julian E. (“Jay”) Whitehurst, President and Chief Executive Officer (“CEO”), will retire and step down as a member of the Board of Directors effective April 28, 2022. Stephen A. (“Steve”) Horn, Jr., currently Executive Vice President and Chief Operating Officer, will assume the role of President and CEO as of April 29, 2022.

November 18, 2021 8:30 am

Orlando, Florida, November 18, 2021 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced that Kamau Witherspoon was appointed to the Board of Directors. “We are delighted that Kamau Witherspoon has agreed to join the Board of Directors of National Retail Properties,” said Jay Whitehurst, President and Chief Executive Officer. “Drawing on his experiences with Target, Yum Brands and the U.S. Navy, Kamau will bring valuable insights to our business strategy and execution. I look forward to working with Kamau as we continue to grow the company.”

September 16, 2021 8:30 am

ORLANDO, Fla., September 16, 2021 – National Retail Properties, Inc. (NYSE: NNN) (the Company”) today called for redemption of all outstanding shares of its 5.200% Series F Cumulative Redeemable Preferred Stock (the “Series F Preferred Shares”) represented by depositary shares, each representing a 1/100th interest in a Series F Preferred Share (the “Depositary Shares,” CUSIP: 637417874; NYSE: NNNPRF).

September 15, 2021 6:20 pm

June 23, 2021 4:30 pm

National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced the amendment of its unsecured bank credit facility. The amendment increases the available borrowing capacity under the credit facility from $900 million to $1.1 billion and reduces pricing from LIBOR plus 87.5 basis points to LIBOR plus 77.5 basis points.