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JULIAN E. (“JAY”) WHITEHURST TO RETIRE AS CEO OF NATIONAL RETAIL PROPERTIES, INC.; STEPHEN A. HORN, JR. NAMED AS SUCCESSOR

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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.

Dividend Yield

5.4%

Total Shareholder Return Comparison

	1 Year	5 Years	10 Years	15 Years	20 Years	25 Years	30 Years
NNN REIT	5.3%	11.5%	5.3%	9.5%	10.0%	12.4%	11.3%
Indices
* NAREIT Equity REIT Index (FNERTR)	9.2%	9.5%	5.7%	8.9%	7.6%	9.9%	9.7%
* Morgan Stanley REIT Index (RMS G)	10.2%	11.3%	5.3%	8.7%	7.5%	9.7%	9.5%
S&P 500 Index (SPX)	8.2%	18.6%	12.5%	13.1%	10.2%	7.4%	10.5%
* S&P 400 Index (MID)	-2.7%	16.9%	8.4%	10.8%	9.3%	8.8%	11.2%

For Periods Ending March 31, 2025. Total Return comprised of stock price appreciation plus dividends paid.

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