Earnings
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
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