$NNN (National Retail Properties, Inc.)

$NNN {{ '2016-05-02T18:40:10+0000' | timeago}} • Webcast

In 1Q16, $NNN raised $88MM of common equity. This coupled with the $53MM of property disposition proceeds provided $141MM of total equity equivalent proceeds. This fully funded the company's $125MM of acquisitions in 1Q16.

$NNN {{ '2018-01-16T15:48:03+0000' | timeago}} • Announcement

$NNN's BoD declared a quarterly dividend of 47.5 cents per share on its common stock. The dividend is payable on Feb. 15, 2018 to shareholders of record on Jan. 31, 2018.

$NNN {{ '2017-10-25T21:36:06+0000' | timeago}} • Announcement

$NNN announced the amendment of its unsecured bank credit facility. The amendment increases the available borrowing capacity under the credit facility from $650MM-900MM and reduces pricing from LIBOR plus 92.5 basis points to LIBOR plus 87.5 basis points.

$NNN {{ '2017-10-16T14:06:52+0000' | timeago}} • Announcement

The BoD of $NNN, a real estate investment trust, declared a quarterly dividend of 47.5 cents per share payable Nov 15, 2017 to common shareholders as on Oct 31, 2017.

$NNN {{ '2017-07-14T16:20:06+0000' | timeago}} • Announcement

The BoD of $NNN declared a quarterly dividend of $0.475 per share payable August 15, 2017 to common shareholders of record on July 31, 2017.

$NNN {{ '2017-06-29T20:33:57+0000' | timeago}} • Announcement

$NNN said its portfolio occupancy rate stands at about 99%. The company has set an acquisition guidance for 2017 of $500-600MM. $NNN is also on track to dispose of about $100MM in assets in 2017. $NNN owns 2,500 single-tenant, broadly diversified retail properties across the US, with an average value of about $2.8MM.

$NNN {{ '2017-02-16T15:21:48+0000' | timeago}} • Announcement

$NNN appointed Julian Whitehurst to its BoD. Whitehurst, currently President and COO, will also assume the role of CEO as of April 28, 2017.

$NNN {{ '2017-02-13T16:35:58+0000' | timeago}} • Webcast

$NNN owns 117 Bob Evans restaurants. Bob Evans is spinning off its entire restaurant division to Golden Gate Capital and there is no effect on $NNN’s leases of any of these properties. $NNN will continue to have a lease guarantee with Bob Evans’ parent company for its restaurants and $NNN considers this spinoff in general as a net positive.

$NNN {{ '2017-02-13T16:24:02+0000' | timeago}} • Webcast

$NNN owns 12 Gander Mountain stores diversified across 9 states in the Midwest and Southeast comprising about 2.2% of annual base rent. Some stores in $NNN’s portfolio are performing well and some are struggling. If Gander were to file for bankruptcy, $NNN’s possible rent loss would be a few million dollars out of a total income of about $550MM.

$NNN {{ '2017-02-13T16:04:46+0000' | timeago}} • Webcast

$NNN said in terms of the transaction market, its pipeline looks good and the company is seeing deal volume in all of its typical categories. The cap rates appear to be flat currently. The company believes there is good volume and opportunities available and the pricing is about flat at present.

$NNN {{ '2017-02-13T15:46:22+0000' | timeago}} • Webcast

$NNN acquired 313 net lease retail properties in 2016 investing $847MM. The average initial cash yield on these acquisitions was 6.9%. The vast majority of the transactions were single property acquisitions throughout the year, many of which are purchased from existing tenants with an average investment per property of $2.7MM.

$NNN {{ '2017-02-13T14:13:21+0000' | timeago}} • Announcement

$NNN reported 4Q16 funds from operations of $88.72MM or $0.60 per share, up from $67.32MM or $0.49 per share last year. Core FFO per share rose to $0.60 from $0.56 and adjusted FFO per share increased to $0.62 from $0.57.

$NNN {{ '2017-02-13T14:07:28+0000' | timeago}} • Announcement

$NNN reported a rise in 4Q16 earnings driven by higher revenue. Net income rose to $54.04MM or $0.37 per share from $33.61MM or $0.24 per share last year. Revenue grew to $141.2MM from $126.4MM.

$NNN {{ '2016-09-30T11:31:42+0000' | timeago}} • Announcement

$NNN said that its Chairman and CEO Craig Macnab will retire and step down as Chairman and member of the Board of Directors effective April 28, 2017. Julian Whitehurst, currently President and COO, will assume the role of President and CEO as of April 28, 2017.

$NNN {{ '2016-08-19T14:42:32+0000' | timeago}} • Announcement

$NNN said it appointed Pamela Beall and Steven Cosler to its BoD. Beall is EVP, Corporate Planning and Strategy of MPLX LP and is a director on the board of its general partner, MPLX GP, a subsidiary of $MPC. Cosler is an Operating Partner with Water Street Healthcare Partners.

$NNN {{ '2016-07-18T13:51:06+0000' | timeago}} • Announcement

$NNN said its BoD declared a quarterly dividend of 45.5 cents per share payable August 15, 2016 to common shareholders of record on July 29, 2016.

$FRT {{ '2016-05-05T00:34:52+0000' | timeago}} • Announcement

$FRT, which competes with $NNN and $AKR, said it maintained its FY16 guidance for FFO per diluted share to approx. $5.65-5.71. The company has updated its earnings per diluted share to $3.49-3.56.

$NNN {{ '2016-05-02T20:00:10+0000' | timeago}} • Webcast

Ross Nussbaum of UBS asks about $NNN's Camping World property. CEO Craig Macnab said they prospered in the gun and ammunition area and in footwear. Sporting goods has been a difficult segment. Camping World is the dominant retailer of new and used RVs and their servicing and its market percentage is high in a fragmented category.

$NNN {{ '2016-05-02T19:19:39+0000' | timeago}} • Webcast

Juan Sanabria of Bank of America Merrill Lynch asks about $NNN's restaurant exposure. CEO Craig Macnab said the restaurant category is around 20%, mixed between full service and quicker service. $NNN's small box retail includes convenience stores and restaurants and risk is dispersed among a large number of properties.

$NNN {{ '2016-05-02T19:03:23+0000' | timeago}} • Webcast

Nick Joseph of Citigroup asks about the Bob Evans transaction. COO Julian Whitehurst said $NNN acquired 117 Bob Evans restaurants for $161MM, the details of which will be released next quarter. The avg. price per property was around $1.35MM and rent is about $75,000 per property on avg.

$NNN {{ '2016-05-02T18:51:33+0000' | timeago}} • Webcast

At 1Q16-end, $NNN had a cash balance of $51MM. The company has no floating rate debt. Weighted avg. debt maturity is 6.7 years on weighted avg. interest rate of 4.5%. Debt to EBITDA was 4.3 times at March 31. Interest coverage was 4.7 times for 1Q16 and fixed charge coverage was 3.4 times.

Recent Transcripts

BBBY (Bed Bath & Beyond Inc.)
Wednesday, December 20 2017 - 10:00pm
ULTA (ULTA Salon, Cosmetics & Fragrance, Inc.)
Thursday, November 30 2017 - 10:00pm
EPR (EPR Properties)
Wednesday, November 8 2017 - 10:00pm
WMC (Western Asset Mortgage Capital Corporation)
Wednesday, November 8 2017 - 4:00pm
RHP (Ryman Hospitality Properties, Inc.)
Tuesday, November 7 2017 - 3:00pm
AMH (American Homes 4 Rent)
Friday, November 3 2017 - 3:00pm
WPC (W. P. Carey Inc.)
Friday, November 3 2017 - 2:00pm
GSAT (Globalstar Inc.)
Thursday, November 2 2017 - 9:00pm
ESS (Essex Property Trust Inc.)
Thursday, November 2 2017 - 4:00pm
FRT (Federal Realty Investment Trust)
Thursday, November 2 2017 - 3:00pm
PEI (Pennsylvania Real Estate Investment Trust)
Thursday, November 2 2017 - 3:00pm
NNN (National Retail Properties, Inc.)
Thursday, November 2 2017 - 2:30pm
DDR (DDR Corp.)
Thursday, November 2 2017 - 12:30pm
FSP (Franklin Street Properties Corp.)
Wednesday, November 1 2017 - 2:00pm
OHI (Omega Healthcare Investors Inc.)
Tuesday, October 31 2017 - 2:00pm
IRT (Independence Realty Trust, Inc.)
Tuesday, October 31 2017 - 1:30pm
WY (Weyerhaeuser Co.)
Friday, October 27 2017 - 2:00pm
PSA (Public Storage)
Thursday, October 26 2017 - 5:00pm
KIM (Kimco Realty Corporation)
Thursday, October 26 2017 - 2:00pm
AGNC (American Capital Agency Corp.)
Thursday, October 26 2017 - 12:30pm

AlphaGraphics you may like