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NNN National Retail Properties

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2020, the company owned 3,114 properties in 48 states with a gross leasable area of approximately 32.4 million square feet and with a weighted average remaining lease term of 10.7 years.

Company profile

Ticker
NNN, NNN-PF
Exchange
NYSE
Website
www.nnnreit.com
CEO
Julian Whitehurst
Employees
Incorporated
Maryland
Location
Florida
Fiscal year end
Dec 31
Sector
Finance and Insurance > Other Financial Vehicles
Industry (SIC)
Real Estate Investment Trusts
Annaly Capital Management • AGNC Investment • VEREIT • Vornado Realty • Simon Property • Healthpeak Properties • Erp Operating LTD Partnership • Equity Residential Properties Trust • Prologis • Welltower ...
Former names
COMMERCIAL NET LEASE REALTY INC
SEC CIK
0000751364
Corporate docs
IRS number
561431377

NNN stock data

(
)

News

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National Retail Props Q2 Core FFO $0.70 Up From $0.65 YoY, EPS $0.39 vs $0.24 In Same Qtr. Last Year
3 Aug 21
National Retail Props (NYSE:NNN) reported quarterly earnings of $0.70 per share. This is a 7.69 percent increase over earnings of $0.65 per share from the same period last year.
Is Realty Income The Best Retail REIT to Buy?
16 Jul 21
Since going public in 1994, Realty Income Corp (NYSE: O) has produced phenomenal shareholder returns. Realty Income's 15.2% compounded annual return reflects management's prudent use of debt and equity capital to acquire single-tenant properties at attractive cap rates, exceeding the cost of capital.
National Retail Properties, Inc. Announces Expanded Unsecured Credit Facility, Raising Borrowing Capacity From $900M To $1.1B
23 Jun 21
National Retail Properties, Inc. (NYSE:NNN), a real estate investment trust, today announced the amendment of its unsecured bank credit facility. The amendment increases the available borrowing capacity under the
Stocks That Hit 52-Week Highs On Wednesday
9 Jun 21
Morgan Stanley Maintains Overweight on National Retail Props, Raises Price Target to $55
3 Jun 21

Press releases

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Second Quarter 2021 Operating Results And Increased 2021 Guidance Announced By National Retail Properties, Inc.
3 Aug 21
ORLANDO, Fla., Aug. 3, 2021 /PRNewswire/ -- 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, 2021.
Common Dividend Declared By National Retail Properties, Inc.
15 Jul 21
ORLANDO, Fla., July 15, 2021 /PRNewswire/ -- The Board of Directors of National Retail Properties, Inc. (NYSE:NNN), a real estate investment trust, declared a quarterly dividend of 53 cents per share payable August 16,
National Retail Properties, Inc. Announces Expanded $1.1 Billion Unsecured Credit Facility
23 Jun 21
ORLANDO, Fla., June 23, 2021 /PRNewswire/ -- National Retail Properties, Inc. (NYSE:NNN), a real estate investment trust, today announced the amendment of its unsecured bank credit facility. The amendment increases the
National Retail Properties, Inc. Declares Dividend For Its 5.20% Series F Preferred Stock
14 May 21

Calendar

3 Aug 21
3 Aug 21
31 Dec 21

Financial summary

Financial statements Chart NNN financial data
Quarter (USD)
 Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 249.56M 249.56M 249.56M 249.56M 249.56M 249.56M
Cash burn (monthly) 20.56M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 23.94M n/a n/a n/a n/a n/a
Cash remaining 225.62M n/a n/a n/a n/a n/a
Runway (months of cash) 11.0 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Recent insider trades

NNN insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Jul 21 Fritsch Edward J Common Stock Grant Aquire A No No 48.6 1,248 60.65K 48,254
30 Jul 21 Pamela K.M. Beall Common Stock Grant Aquire A No No 48.6 1,186 57.64K 20,362
30 Jul 21 Defosset Don Common Stock Grant Aquire A No No 48.6 356 17.3K 65,559
30 Jul 21 Defosset Don Common Stock Grant Aquire A No No 48.6 887 43.11K 65,203
30 Jul 21 Cosler Steven D Common Stock Grant Aquire A No No 48.6 1,884 91.56K 31,410
30 Jul 21 Holden Betsy D Common Stock Grant Aquire A No No 48.6 758 36.84K 11,752
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

NNN institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

87.8% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 373 365 +2.2%
Opened positions 53 69 -23.2%
Closed positions 45 63 -28.6%
Increased positions 140 94 +48.9%
Reduced positions 120 147 -18.4%
13F shares
 Current Prev Q Change
Total value 6.81B 6.43B +6.0%
Total shares 154.09M 157.12M -1.9%
Total puts 172.2K 188.6K -8.7%
Total calls 495.7K 188.6K +162.8%
Total put/call ratio 0.3 1.0 -65.3%
Largest owners
 Shares Value Change
Vanguard 24.83M $1.09B +2.9%
BLK Blackrock 19.98M $880.59M +2.8%
STT State Street 16.87M $743.36M -4.5%
FMR 11.01M $485.38M -0.8%
PGGM Investments 8.35M $367.92M -23.3%
JPM JPMorgan Chase & Co. 5.8M $255.73M +3.2%
RY Royal Bank Of Canada 5.1M $224.57M +1.1%
Victory Capital Management 5.07M $223.26M -4.6%
Geode Capital Management 2.75M $121.23M +1.6%
Dimensional Fund Advisors 2.7M $118.95M -2.3%
Largest transactions
 Shares Bought/sold Change
PGGM Investments 8.35M -2.53M -23.3%
Norges Bank 0 -1.92M EXIT
Lasalle Investment Management Securities 0 -1.06M EXIT
Massachusetts Financial Services 1.02M +1.02M NEW
Citadel Advisors 549.76K -899.06K -62.1%
Long Pond Capital 1.13M -886.29K -43.9%
CMTDF Sumitomo Mitsui Trust 316.27K -838.24K -72.6%
STT State Street 16.87M -792.51K -4.5%
Vanguard 24.83M +692.18K +2.9%
Zimmer Partners 612.5K +612.5K NEW
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

?
Management Discussion
  • (1) Based on annualized base rent for all leases in place for each respective period.
  • (1) Includes additional square footage from completed construction on existing Properties.
  • (2) Includes dollars invested in projects under construction or tenant improvements for each respective year.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
New words: context, core, ESG, greater, NaN, persistent, social, summarized
Removed: affirm, January, reject
From filing 10-Q 2021 Q2

Financial reports

View all
10-Q
2021 Q2
Quarterly report
3 Aug 21
10-Q
2021 Q1
Quarterly report
4 May 21
10-K
2020 FY
Annual report
11 Feb 21
10-Q
2020 Q3
Quarterly report
2 Nov 20
10-Q
2020 Q2
Quarterly report
3 Aug 20
10-Q
2020 Q1
Quarterly report
4 May 20
10-K
2019 FY
Annual report
11 Feb 20
10-Q
2019 Q3
Quarterly report
31 Oct 19
10-Q
2019 Q2
Quarterly report
1 Aug 19
10-Q
2019 Q1
Quarterly report
1 May 19

Current reports

View all
8-K
Results of Operations and Financial Condition
3 Aug 21
8-K
Entry into a Material Definitive Agreement
24 Jun 21
8-K
Submission of Matters to a Vote of Security Holders
12 May 21
8-K
Results of Operations and Financial Condition
4 May 21
8-K
Other Events
28 Apr 21
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
10 Mar 21
8-K
Amendments to Articles of Incorporation or Bylaws
19 Feb 21
8-K
Results of Operations and Financial Condition
11 Feb 21
8-K
Departure of Directors or Certain Officers
14 Dec 20
8-K
Results of Operations and Financial Condition
2 Nov 20

Registration and prospectus

View all
424B5
Prospectus supplement for primary offering
2 Mar 21
FWP
Free writing prospectus
1 Mar 21
424B5
Prospectus supplement for primary offering
1 Mar 21
S-3ASR
Automatic shelf registration
22 Feb 21
424B5
Prospectus supplement for primary offering
4 Aug 20
S-3ASR
Automatic shelf registration
3 Aug 20
424B5
Prospectus supplement for primary offering
19 Feb 20
FWP
Free writing prospectus
18 Feb 20
424B5
Prospectus supplement for primary offering
18 Feb 20
25-NSE
Exchange delisting
7 Oct 19

Proxies

View all
DEF 14A
Definitive proxy
22 Mar 21
DEFA14A
Additional proxy soliciting materials
28 Apr 20
DEF 14A
Definitive proxy
20 Mar 20
DEF 14A
Definitive proxy
21 Mar 19
DEF 14A
Definitive proxy
20 Mar 18
DEF 14A
Definitive proxy
28 Mar 17
DEF 14A
Definitive proxy
22 Mar 16
DEF 14A
Definitive proxy
25 Mar 15
DEF 14A
Definitive proxy
25 Mar 14
DEF 14A
Definitive proxy
1 Apr 13

Other

View all
UPLOAD
Letter from SEC
21 Mar 17
CORRESP
Correspondence with SEC
8 Mar 17
UPLOAD
Letter from SEC
23 Feb 17
CERTNYS
Certification of approval for NYSE listing
10 Oct 16
UPLOAD
Letter from SEC
5 Jul 16
CORRESP
Correspondence with SEC
16 Jun 16
UPLOAD
Letter from SEC
7 Jun 16
CERTNYS
Certification of approval for NYSE listing
29 May 13
UPLOAD
Letter from SEC
23 Jul 12
CORRESP
Correspondence with SEC
2 Jul 12

Ownership

View all
4
NATIONAL RETAIL PROPERTIES / DAVID M FICK ownership change
2 Aug 21
4
NATIONAL RETAIL PROPERTIES / BETSY D HOLDEN ownership change
2 Aug 21
4
NATIONAL RETAIL PROPERTIES / Pamela K.M. Beall ownership change
2 Aug 21
4
NATIONAL RETAIL PROPERTIES / DON DEFOSSET ownership change
2 Aug 21
4
NATIONAL RETAIL PROPERTIES / STEVEN D COSLER ownership change
2 Aug 21
4
NATIONAL RETAIL PROPERTIES / EDWARD J FRITSCH ownership change
2 Aug 21
4
NATIONAL RETAIL PROPERTIES / Michelle Lynn Miller ownership change
27 May 21
4
NATIONAL RETAIL PROPERTIES / DON DEFOSSET ownership change
3 May 21
4
NATIONAL RETAIL PROPERTIES / DAVID M FICK ownership change
3 May 21
4
NATIONAL RETAIL PROPERTIES / Pamela K.M. Beall ownership change
3 May 21

Transcripts

View all
2021 Q2
Earnings call transcript
3 Aug 21
2020 Q3
Earnings call transcript
2 Nov 20
2020 Q3
Earnings call transcript
2 Nov 20
2020 Q3
Earnings call transcript
2 Nov 20
2020 Q2
Earnings call transcript
3 Aug 20
2020 Q1
Earnings call transcript
4 May 20
2019 Q4
Earnings call transcript
11 Feb 20
2019 Q3
Earnings call transcript
31 Oct 19
2019 Q2
Earnings call transcript
1 Aug 19
2019 Q1
Earnings call transcript
1 May 19

Reddit threads

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