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Rubicon Associates is headed by a Chartered Financial Analyst charter holder with over 20 years of experience in the investment management industry focused on the analysis, investment and management of fixed income and preferred stock portfolios. Over the years, he has analyzed and invested in... More
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  • NNN - 2011 Results - Just The Facts 0 comments
    Feb 6, 2012 9:10 AM | about stocks: NNN

    National Retail Properties, Inc. ( NNN) announced operating results for the quarter and year ended December 31, 2011. Highlights include:

    • Portfolio occupancy was 97.4% at December 31, 2011, as compared to 97.2% at September 30, 2011, and 96.9% at December 31, 2010;
    • Increased FFO per share 8.3% from $1.45 in 2010 to $1.57 in 2011;
    • Dividends per share increased to $1.53 (+ 1.3%) marking the 22nd consecutive year of annual dividend increases;
    • increased 2012 FFO guidance to $1.65 to $1.70 per share (prior was $1.54 - $1.56), AFFO to be $1.74 to $1.79 per share (prior was $1.67 - $1.69);
    All in all, a good quarter. I continue to like NNN equity and preferred vs. O (on a yield and valuation basis).

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Additional disclosure: I am long NNN-C

    Stocks: NNN
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