| Market Capitalization (Millions $) |
8,277 |
| Shares
Outstanding (Millions) |
190 |
| Employees |
85 |
| Revenues (TTM) (Millions $) |
953 |
| Net Income (TTM) (Millions $) |
385 |
| Cash Flow (TTM) (Millions $) |
-1 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
National Retail Properties Inc (NYSE: NNN) is a real estate investment trust (REIT) that primarily invests in single tenant, net-leased retail properties across the United States. It was founded in 1984 and is headquartered in Orlando, Florida. As of December 31, 2020, the company owned 3,166 properties in 48 states, with a total investment of approximately $9.9 billion.
The company's portfolio is diversified across multiple industries, with major tenants including convenience stores, gas stations, restaurants, and automotive service centers. Over 80% of the properties in its portfolio are leased to investment-grade tenants, providing a high degree of stability and predictability to its rental income stream.
National Retail Properties Inc operates based on a triple net lease structure, which means tenants are responsible for all property-related expenses, including taxes, maintenance, and insurance. The company's leases typically have long-term durations of approximately 15 years or more, providing a stable and predictable cash flow for investors.
The company has had a strong track record of consistent dividend payments, with annual increases for 31 consecutive years. As of May 2021, its annualized dividend yield was approximately7%. The company has a market capitalization of approximately $8.5 billion and is included in the S&P 500 index.
In terms of financial performance, National Retail Properties Inc has consistently grown its top and bottom lines over the years. For the year ended December 31, 2020, the company reported total revenues of $816.9 million, up from $678.4 million in 2016. Net income increased from $242.6 million in 2016 to $341.9 million in 2020, reflecting the steady growth of its portfolio and the stable rental income generated.
Overall, National Retail Properties Inc is a well-established and financially stable REIT that provides investors with a diversified portfolio of single tenant retail properties and consistent dividend payments. The company's focus on long-term leases with investment-grade tenants ensures a high degree of stability and predictability to its rental income stream, making it an attractive investment option for income-seeking investors.
Company Address: 450 South Orange Avenue, Suite 900 Orlando 32801 FL
Company Phone Number: 265-7348 Stock Exchange / Ticker: NYSE NNN
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