National Retail Properties, Inc.
 (NNN)

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  • Fri, Jan. 15, 8:34 AM
    • National Retail Properties (NYSE:NNN) declares $0.435/share quarterly dividend, in line with previous.
    • Forward yield 4.45%
    • Payable Feb. 16; for shareholders of record Jan. 29; ex-div Jan. 27.
    | Fri, Jan. 15, 8:34 AM | 1 Comment
  • Thu, Jan. 7, 10:54 AM
    • The team downgrades Public Storage (PSA -0.1%), Post Properties (PPS -1%), and National Retail Properties (NNN -0.8%) to Market Perform from Outperform.
    • Public Storage was up sharply over the past year, while Post Properties flatlined, and National Retail dipped 5%.
    • Earlier: Baird upgrades a number of REITs, including Public Storage.
    | Thu, Jan. 7, 10:54 AM | 6 Comments
  • Dec. 15, 2015, 9:39 AM
    • Making moves in the triple-net lease REIT area, Wells Fargo upgrades Realty Income (O +1.3%) and National Retail Properties (NNN +1.8%) to Outperform, while throwing in the towel on Lexington Realty Trust (LXP -0.3%) with a downgrade from Outperform to Market Perform.
    • A check of the scorecard finds Realty Income up 4.75% YTD and National Retail Properties down 2.7%. Lexington, though, is down a whopping 26.4% in 2015.
    | Dec. 15, 2015, 9:39 AM | 9 Comments
  • Dec. 11, 2015, 3:45 PM
    • A plunge in the major averages and Treasury yields often sends money into equity REITs, and that's the case on just a limited basis today.
    • The IYR is lower by 0.8% vs. the S&P 500's 2% decline.
    • Retail REITs like Realty Income (O -0.7%) and National Retail Properties (NNN -0.6%) aren't in the green, but are outperforming the averages.
    • Pushing into positive territory: Ventas (VTR +1%), Welltower (HCN +0.4%), HCP (HCP +0.7%), Public Storgage (PSA +0.1%), Extra Space Storage (EXR +0.1%), Hospitality Properties (HPT +0.6%), Education Realty Trust (EDR +1.1%)
    • ETFs: IYR, VNQ, DRN, URE, RQI, SCHH, ICF, SRS, RWR, RNP, JRS, KBWY, RFI, NRO, DRV, RIT, REK, RIF, FRI, FTY, PSR, DRA, FREL, WREI, IARAX, LRET, XLRE
    | Dec. 11, 2015, 3:45 PM | 10 Comments
  • Nov. 3, 2015, 9:05 AM
    • Q3 FFO of $77.94M or $0.58 per share vs. $65.4M and $0.52 one year ago. AFFO of $0.59 vs. $0.53. Dividend is $0.44.
    • Portfolio occupancy of 99.1% up 30 basis points during quarter.
    • Invested $263.8M in 97 properties totaling 732K square feet at an initial cash yield of 7.2%. Five properties sold for $8.2M, producing $1.9M of gains on sales, net of income tax. $38.2M raised through share sales.
    • Full-year guidance is lifted to $2.20-$2.23 per share from $2.16-$2.19. AFFO is estimated at $2.25-$2.28.
    • 2016 FFO guidance is initiated at $2.28-$2.34 per share; AFFO of $2.33-$2.39.
    • Earnings call at 10:30 ET
    • Previously: National Retail Properties beats by $0.02, beats on revenue (Nov. 3)
    • NNN flat premarket
    | Nov. 3, 2015, 9:05 AM
  • Nov. 3, 2015, 8:36 AM
    • National Retail Properties (NYSE:NNN): Q3 FFO of $0.58 beats by $0.02.
    • Revenue of $123.14M (+12.1% Y/Y) beats by $3.5M.
    | Nov. 3, 2015, 8:36 AM
  • Nov. 2, 2015, 5:30 PM
    | Nov. 2, 2015, 5:30 PM | 7 Comments
  • Oct. 27, 2015, 8:37 AM
    • Launching coverage on the free-standing retail store REITs, Wunderlich starts Store Capital Group (NYSE:STOR) and Spirit Realty (NYSE:SRC) with Buys and the more popular Realty Income (NYSE:O) and National Retail Properties (NYSE:NNN) with Holds.
    • Price targets: Store Capital $25.50 (12.6% upside), Spirit Realty (23% upside), Realty Income $47.50 (5% downside), NNN $40 (3.3% upside).
    | Oct. 27, 2015, 8:37 AM
  • Oct. 15, 2015, 8:33 AM
    • National Retail Properties (NYSE:NNN) declares $0.435/share quarterly dividend, in line with previous.
    • Forward yield 4.67%
    • Payable Nov. 16; for shareholders of record Oct. 30; ex-div Oct. 28.
    | Oct. 15, 2015, 8:33 AM
  • Aug. 11, 2015, 12:59 PM
    • The Fed may be determined to hike rates, but deflationary signals are everywhere, with Beijing the latest government to acknowledge such with its devaluation overnight.
    • Crude oil has taken out a new six-year low, tumbling another 4% to $43.15 per barrel, and copper's 3% decline has brought it to a fresh six-year low. The grains are all down by 2% or more, but gold is marginally higher.
    • The major U.S. averages are down more than 1%, and Europe fell 1.5% today.
    • The 10-year Treasury yield is lower by a full ten basis points to 2.13%.
    • Leading the heavily discounted mREIT sector higher are Annaly Capital (NLY +1.1%), American Capital Agency (AGNC +1.3%), CYS Investments (CYS +1.2%), New York Mortgage (NYMT +1.6%), Hatteras Financial (HTS +1.3%), Capstead (CMO +1%), Anworth (ANH +1.4%), Dynex Capital (DX +2.6%), and AG Mortgage (MITT +1.6%).
    • ETFs: MORL, REM, MORT, LMBS
    • In equity REITs: National Retail (NNN +1.2%), Equity Residential (EQR +1.5%), AvalonBay (AVB +1.2%), General Growth (GGP +1.9%), Kimco (KIM +1.4%), Whitestone REIT (WSR +2.9%), Washington Real Estate (WRE +1.2%), Hospitality Properties (HPT +2.3%), Chamber Street (CSG +1.1%).
    • ETFs: IYR, VNQ, DRN, URE, RQI, SCHH, ICF, SRS, RWR, RNP, JRS, KBWY, RFI, NRO, DRV, RIT, REK, RIF, FRI, FTY, PSR, DRA, FREL, WREI, IARAX
    | Aug. 11, 2015, 12:59 PM | 19 Comments
  • Aug. 6, 2015, 12:27 PM
    • The 10-year Treasury yield is down five basis points to 2.22% today, but investors continue to bail out of their income favorites.
    • The IYR is lower by 1.2%, slightly worse than the market averages.
    • National Retail Properties (NNN -1.5%), Omega Healthcare (OHI -2.2%), Starwood Property (STWD -1.4%), Equity Residential (EQR -1.1%), Government Properties (GOV -2%), Hospitality Properties (HPT -3%), Ashford Hospitality (AHT -4.7%), Liberty Property (LPT -2.2%).
    • ETFs: IYR, VNQ, DRN, URE, RQI, SCHH, ICF, SRS, RWR, RNP, JRS, KBWY, RFI, NRO, DRV, RIT, REK, RIF, FRI, FTY, PSR, DRA, FREL, WREI, IARAX
    | Aug. 6, 2015, 12:27 PM | 26 Comments
  • Jul. 30, 2015, 9:15 AM
    • Q2 adjusted FFO of $75.2M or $0.56 per share vs. $62.7M and $0.51 one year ago.
    • Portfolio occupancy of 98.8%, flat from last quarter and up 20 bps from start of year.
    • Invested $147.8M in 37 properties in Q2 at an initial cash yield of 7.1%.
    • Full-year FFO guidance is boosted by $0.02 to $2.16-$2.19. AFFO is expected at $2.21-$2.24.
    • Conference call at 10 ET
    • Previously: National Retail Properties beats by $0.01, misses on revenue (July 30)
    • NNN flat premarket
    | Jul. 30, 2015, 9:15 AM
  • Jul. 30, 2015, 8:35 AM
    • National Retail Properties (NYSE:NNN): Q2 AFFO of $0.56 beats by $0.01.
    • Revenue of $117.21M (+11.0% Y/Y) misses by $0.36M.
    | Jul. 30, 2015, 8:35 AM
  • Jul. 23, 2015, 9:51 AM
    • National Retail Properties (NNN -0.1%) and Store Capital Group (STOR +0.8%) are upgraded to Overweight from Equal Weight at Morgan Stanley. NNN is lower by 5.4% and STOR by 1.4% YTD.
    • The team throws in the towel on Spirit Realty (SRC -2.1%), downgrading to Equal Weight from Overweight after a 14.4% YTD decline.
    • In the office REIT space, Select Income REIT (SIR -1.6%) is cut to Underweight from Equal Weight after a 14% decline this year.
    | Jul. 23, 2015, 9:51 AM | 2 Comments
  • Jul. 17, 2015, 2:38 PM
    • Total returns for retail REITs year-to-date through mid-July of negative 2.61% are about 100 basis points lower than the FTSE NAREIT All-Equity REIT average. Digging further into the retail sector, regional malls - Simon Property (NYSE:SPG), General Growth (NYSE:GGP) and Macerich (NYSE:MAC), for example - have done the best with a negative return of just 1.92%. Shopping centers - Kimco (NYSE:KIM), Retail Opportunity (NASDAQ:ROIC), Federal Realty Investment (NYSE:FRT), for example - have a negative return of 2.94%.
    • Free-standing retail REITs - think Realty Income (NYSE:O), National Retail Properties (NYSE:NNN), Spirit Realty (NYSE:SRC) - have fared worst with a negative 4.83% total return. Trepp's Susan Persin notes the returns of these stocks are bond-like thanks to the long-term nature of their leases, and thus most sensitive to higher rates.
    • Not helping was a lame retail sales report for June, and on top of that the National Retail Federation's forecast for back-to-school spending to fall 9.3% this year.
    | Jul. 17, 2015, 2:38 PM | 15 Comments
  • Jul. 15, 2015, 8:35 AM
    • National Retail Properties (NYSE:NNN) declares $0.435/share quarterly dividend, 3.6% increase from prior dividend of $0.42.
    • Forward yield 4.76%
    • Payable Aug. 14; for shareholders of record July 31; ex-div July 29.
    | Jul. 15, 2015, 8:35 AM | 1 Comment
Company Description
National Retail Properties Inc is a fully integrated real estate investment trust. It acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and primarily held for investment.
Sector: Financial
Country: United States