Comments Off on Second Quarter 2018 Operating Results Announced by National Retail Properties, Inc.

Orlando, Florida, August 1, 2018 – 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, 2018.  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,

2018

2017 2018

2017

(in thousands, except per share data)
Revenues $

155,518

$

145,550

$

308,353

$

286,981

Net earnings available to common stockholders $

61,992

$

49,447

$

156,690

$

101,068

Net earnings per common share $

0.40

$

0.33

$

1.02

$

0.68

FFO available to common stockholders $

104,944

$

87,884

$

207,713

$

166,151

FFO per common share $

0.68

$

0.59

$

1.35

$

1.12

Core FFO available to common stockholders $

105,204

$

95,425

$

208,234

$

183,547

Core FFO per common share $

0.68

$

0.64

$

1.35

$

1.24

AFFO available to common stockholders $

105,303

$

96,412

$

208,182

$

185,457

AFFO per common share $

0.68

$

0.65

$

1.35

$

1.25

Second Quarter 2018 Highlights:

  • FFO per common share increased 15.3% over prior year results
  • Core FFO per common share increased 6.3% over prior year results
  • AFFO per common share increased 4.6% over prior year results
  • Portfolio occupancy was 98.5% at June 30, 2018 as compared to 99.2% on March 31, 2018 and 99.1% on December 31, 2017
  • Invested $140.5 million in property investments, including the acquisition of 59 properties with an aggregate 336,000 square feet of gross leasable area at an initial cash yield of 7.1%
  • Sold 13 properties for $11.9 million producing $4.1 million of gains on sales
  • Raised $129.2 million net proceeds from the issuance of 3,136,802 common shares

Click here for the full press release.

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