STEPHEN A. (“STEVE”) HORN, JR. APPOINTED TO BOARD OF DIRECTORS OF NATIONAL RETAIL PROPERTIES, INC.

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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.

Dividend Yield

5.6%

Total Shareholder Return Comparison

	1 Year	5 Years	10 Years	15 Years	20 Years	25 Years	30 Years
NNN REIT	2.3%	-0.3%	7.0%	12.4%	9.8%	12.3%	10.9%
Indices
* NAREIT Equity REIT Index (FNERTR)	8.0%	4.0%	6.9%	13.6%	7.6%	9.6%	9.4%
* Morgan Stanley REIT Index (RMS G)	10.4%	4.1%	6.5%	13.5%	7.4%	9.4%	N/A
S&P 500 Index (SPX)	30.0%	15.0%	12.9%	15.6%	10.1%	7.8%	10.7%
* S&P 400 Index (MID)	23.4%	11.7%	10.0%	14.7%	10.0%	10.4%	11.7%

For Periods Ending March 31, 2024. Total Return comprised of stock price appreciation plus dividends paid.

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