Orlando, Florida, May 1, 2014 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced its operating results for the quarter ended March 31, 2014. Highlights include:
Operating Results:
- Revenues and net earnings, FFO, Recurring FFO and AFFO available to common stockholders and diluted per share amounts:
|
Quarter Ended |
|||||||
|
March 31, |
|||||||
|
2014 |
2013 |
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|
(in thousands, except per share data) |
|||||||
| Revenues | $ |
104,064 |
$ |
92,464 |
|||
| Net earnings available to common stockholders | $ |
34,474 |
$ |
29,304 |
|||
| Net earnings per common share | $ |
0.28 |
$ |
0.25 |
|||
| FFO available to common stockholders | $ |
61,641 |
$ |
54,640 |
|||
| FFO per common share | $ |
0.51 |
$ |
0.47 |
|||
| Recurring FFO available to common stockholders | $ |
61,799 |
$ |
55,399 |
|||
| Recurring FFO per common share | $ |
0.51 |
$ |
0.48 |
|||
| AFFO available to common stockholders | $ |
62,719 |
$ |
57,014 |
|||
| AFFO per common share | $ |
0.51 |
$ |
0.49 |
|||
Portfolio occupancy was 98.2% at March 31, 2014, as compared to 98.2% at December 31, 2013 and 97.8% at March 31, 2013.
To read the full press release, click here.
