Robert C. Legler Retires As Chairman Of National Retail Properties, Inc.

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Orlando, Florida, December 20, 2018 – National Retail Properties, Inc. (NYSE: NNN), announced today that Robert C. Legler has retired as Chairman and a member of the Board of Directors effective December 20, 2018. Mr. Legler has served as a director of the company since 2002 and Chairman since April 2017. The Board has appointed Don DeFosset as Chairman of the Board effective December 20, 2018.

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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%

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%

* Morgan Stanley REIT Index (RMS G)

3.2%

2.8%

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

Robert C. Legler Retires As Chairman Of National Retail Properties, Inc.

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Dividend Yield

Total Shareholder Return Comparison