Earnings
Orlando, Florida, May 2, 2017 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced its operating results for the quarter ended March 31, 2017.  Highlights include: Operating Results: Revenues and net earnings, FFO, Core FFO and AFFO available to common stockholders and diluted per share amounts:
Quarter Ended
March 31,
2017 2016
(in thousands, except per share data)
Revenues $ 141,432 $ 126,980
Net earnings available to common stockholders $ 51,622 $ 61,824
Net earnings per common share $ 0.35 $ 0.44
FFO available to common stockholders $ 78,267 $ 80,098
FFO per common share $ 0.53 $ 0.57
Core FFO available to common stockholders $ 88,122 $ 80,318
Core FFO per common share $ 0.60 $ 0.57
AFFO available to common stockholders $ 89,045 $ 81,749
AFFO per common share $ 0.60 $ 0.58
First Quarter 2017 Highlights:
  • Core FFO per common share increased 5.3% over prior year results
  • AFFO per common share increased 3.4% over prior year results
  • Portfolio occupancy was 99.1% at March 31, 2017 as compared to 99.0% at December 31, 2016 and 99.1% at March 31, 2016
  • Invested $107.9 million in property investments, including the acquisition of 24 properties with an aggregate 250,000 square feet of gross leasable area at an initial cash yield of 6.9%
  • Sold 17 properties for $39.0 million producing $14.6 million of gains on sales
  • Raised $48.5 million net proceeds from the issuance of 1,103,675 common shares
  • Redeemed all 11,500,000 depositary shares representing interests in our 6.625% Series D Cumulative preferred stock at the liquidation value of $25.00 per depositary share, for $287.5 million
April Transactions:
  • Invested $151.4 million in property investments, including the acquisition of 73 properties with an aggregate 282,000 square feet of gross leasable area
Click here for the full press release.

View on PR Newswire