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National Retail Properties, Inc. (NNN) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

National Retail Properties, Inc.

CIK: 751364 Ticker: NNN

nnnlogoa02a03.jpg

NEWS RELEASE
For information contact:
Kevin B. Habicht
Chief Financial Officer
(407) 265-7348    FOR IMMEDIATE RELEASE
February 13, 2018


RECORD ANNUAL RESULTS
ANNOUNCED BY NATIONAL RETAIL PROPERTIES, INC.

Orlando, Florida, February 13, 2018 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced operating results for the quarter and year ended December 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
 
Year Ended
 
December 31,
 
December 31,
 
2017
 
2016
 
2017
 
2016
 
(in thousands, except per share data)
Revenues
$
150,247

 
$
141,199

 
$
584,933

 
$
533,647

 
 
 
 
 
 
 
 
Net earnings available to common stockholders
$
63,586

 
$
54,044

 
$
217,193

 
$
200,877

Net earnings per common share
$
0.42

 
$
0.37

 
$
1.45

 
$
1.38

 
 
 
 
 
 
 
 
FFO available to common stockholders
$
95,267

 
$
88,717

 
$
359,179

 
$
330,544

FFO per common share
$
0.63

 
$
0.60

 
$
2.40

 
$
2.28

 
 
 
 
 
 
 
 
Core FFO available to common stockholders
$
95,459

 
$
88,717

 
$
376,991

 
$
340,643

Core FFO per common share
$
0.63

 
$
0.60

 
$
2.52

 
$
2.35

 
 
 
 
 
 
 
 
AFFO available to common stockholders
$
95,692

 
$
90,285

 
$
379,083

 
$
347,933

AFFO per common share
$
0.63

 
$
0.62

 
$
2.54

 
$
2.41


Portfolio occupancy was 99.1% at December 31, 2017 as compared to 98.8% at September 30, 2017, and 99.0% at December 31, 2016

2017 Highlights:
Increased annual net earnings per common share 5.1%
Increased annual FFO per common share 5.3%
Increased annual Core FFO per common share 7.2%
Increased annual AFFO per common share 5.4%
Dividend yield of 4.3% at December 31, 2017
Annual dividend per common share increased 4.3% to $1.86 marking the 28th consecutive year of annual dividend increases - making the company one of only three equity REITs and one of only 88 public companies with 28 or more consecutive annual dividend increases
Maintained high occupancy levels at 99.1% with a weighted average remaining lease term of 11.5 years


The following information was filed by National Retail Properties, Inc. (NNN) on Tuesday, February 13, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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National Retail Properties, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

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Inside National Retail Properties, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Notes To Schedule Iii (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Real Estate - Held For Sale (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Under Direct Financing Leases (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Under Operating Leases - Table 1 (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Under Operating Leases - Table 10 (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Under Operating Leases - Table 11 (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Under Operating Leases - Table 12 (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Under Operating Leases - Table 13 (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Under Operating Leases - Table 14 (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Under Operating Leases - Table 15 (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Under Operating Leases - Table 16 (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Under Operating Leases - Table 17 (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Under Operating Leases - Table 18 (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Under Operating Leases - Table 19 (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Under Operating Leases - Table 2 (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Under Operating Leases - Table 20 (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Under Operating Leases - Table 21 (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Under Operating Leases - Table 3 (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Under Operating Leases - Table 4 (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Under Operating Leases - Table 5 (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Under Operating Leases - Table 6 (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Under Operating Leases - Table 7 (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Under Operating Leases - Table 8 (details)
Schedule Iii - Real Estate And Accumulated Depreciation And Amortization - Under Operating Leases - Table 9 (details)
Schedule Iv - Mortgage Loans On Real Estate
Schedule Iv - Mortgage Loans On Real Estate (details)
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Cash Flows (parenthetical)
Consolidated Statements Of Equity
Consolidated Statements Of Equity (parenthetical)
Consolidated Statements Of Income And Comprehensive Income
Commercial Mortgage Residual Interests
Commercial Mortgage Residual Interests (narrative) (details)
Commitments And Contingencies
Common Stock
Common Stock (details)
Common Stock (tables)
Derivatives
Derivatives (details)
Derivatives (tables)
Dividends
Dividends (details)
Dividends (tables)
Employee Benefit Plan
Employee Benefit Plan (details)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (details)
Income Taxes
Income Taxes (components Of Net Income Tax Asset) (details)
Income Taxes (income Tax Benefit (expense) Reconciliation) (details)
Income Taxes (income Tax Benefit (expense)) (details)
Income Taxes (narrative) (details)
Income Taxes (tables)
Line Of Credit Payable
Line Of Credit Payable (details)
Major Tenants
Mortgages Payable
Mortgages Payable (details)
Mortgages Payable (tables)
Notes Payable
Notes Payable (details)
Notes Payable (tables)
Organization And Summary Of Significant Accounting Policies
Organization And Summary Of Significant Accounting Policies (computation Of Basic And Diluted Earnings Per Share) (details)
Organization And Summary Of Significant Accounting Policies (intangible Assets And Liabilities) (details)
Organization And Summary Of Significant Accounting Policies (narrative) (details)
Organization And Summary Of Significant Accounting Policies (other Comprehensive Income (loss)) (details)
Organization And Summary Of Significant Accounting Policies (policy)
Organization And Summary Of Significant Accounting Policies (schedule Of The Amortization Of Acquired Lease Intangibles) (details)
Organization And Summary Of Significant Accounting Policies (summary Of Nnn's Investment Portfolio) (details)
Organization And Summary Of Significant Accounting Policies (tables)
Performance Incentive Plan
Performance Incentive Plan (details)
Performance Incentive Plan (tables)
Preferred Stock
Preferred Stock (details)
Preferred Stock (tables)
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited) (details)
Quarterly Financial Data (unaudited) (tables)
Real Estate
Real Estate (classification Of Investment Property Leases) (details)
Real Estate (commitments) (details)
Real Estate (direct Financing Leases) (details)
Real Estate (dispositions) (details)
Real Estate (future Minimum Lease Payments Receivable) (details)
Real Estate (held For Sale) (details)
Real Estate (impairments) (details)
Real Estate (summary Of Real Estate Subject To Operating Leases) (details)
Real Estate (tables)
Segment Information
Segment Information (details)
Subsequent Events
Subsequent Events (details)
Ticker: NNN
CIK: 751364
Form Type: 10-K Annual Report
Accession Number: 0000751364-18-000024
Submitted to the SEC: Tue Feb 13 2018 9:03:52 AM EST
Accepted by the SEC: Tue Feb 13 2018
Period: Sunday, December 31, 2017
Industry: Real Estate Investment Trusts

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