Earnings

Orlando, Florida, February 11, 2014 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced operating results for the quarter and year ended December 31, 2013.  Highlights include:

Operating Results:

  • Revenues and net earnings, FFO, Recurring FFO and AFFO available to common stockholders and diluted per share amounts:

Quarter Ended

Year Ended

December 31,

December 31,

2013

2012

2013

2012

(in thousands,   except per share data)
Revenues $

103,648

 $

89,059

 $

392,327

 $

331,536
Net earnings available to   common stockholders $

35,382

 $

35,901

 $

132,222

 $

121,489
Net earnings per common   share $

0.29

 $

0.32

 $

1.10

 $

1.11
FFO available to common   stockholders $

60,646

 $

51,012

 $

229,518

 $

193,682
FFO per common share $

0.50

 $

0.46

 $

1.91

 $

1.77
Recurring FFO available to   common stockholders $

61,815

 $

51,106

 $

230,965

 $

189,759
Recurring FFO per common   share $

0.51

 $

0.46

 $

1.93

 $

1.74
AFFO available to common stockholders $

63,603

 $

54,182

 $

238,917

 $

200,839
AFFO per common share $

0.52

 $

0.48

 $

1.99

 $

1.84
  • Portfolio occupancy was 98.2% at December 31, 2013, as compared to 98.1% at September 30, 2013, and 97.9% at December 31, 2012

To read the full press release, click here.