National Retail Properties Inc is a real estate investment trust that invests in properties across the United States. The company earns money by leasing these properties to various businesses, such as convenience stores, automotive services, fitness centers, theaters, restaurants, and banks.
The largest portion of total revenue comes from rents paid by convenience stores and restaurants, with automotive services, entertainment venues, and other sources following closely behind. The majority of the company’s properties are situated in the southern and southeastern regions of the United States.
The company has long been considered a reliable and savvy steward of real estate investments. NNN REIT, INC., which trades on the New York Stock Exchange under the ticker symbol “NNN”, owns a diversified portfolio of freestanding retail stores across the United States. For over two decades, National Retail Properties Inc has consistently generated returns for its stockholders, with a strong dividend yield and 33 consecutive years of increased annual dividends.
Since its initial public offering in 1984, the company has come to be known for its good stewardship, pragmatic planning, and executive acumen. Notable milestones have included listing on the American Stock Exchange in 1992, becoming self-managed and self-advised in 1998, being added to Mergent’s Dividend Achievers list in 2000, surpassing $1 billion total assets for the first time in 2001, inclusion on the S&P 600 Small Cap Index in 2004, the name change to National Retail Properties, Inc. in 2006, addition to the S&P 400 Mid Cap Index in 2011, and inclusion on the S&P High Yield Dividend Aristocrats Index in 2012.
Most recently, National Retail Properties Inc increased its annual dividend for the 32nd consecutive year in 2022. This serves as testimony to their long-standing commitment to providing consistent returns for stockholders over the short-term, mid-term, and long-term. By continuing to invest in properties across the United States, they are well-positioned for continued success in the future.