SAN FRANCISCO, April 17, 2018 (GLOBE NEWSWIRE) -- National Retail Properties Inc. (NYSE:NNN) attributes its remarkable record of stability and shareholder return to portfolio diversity and the long-term relationships it maintains with more than 400 major national and regional retailers housed in single tenant retail properties on a triple net lease basis. This strategy has resulted in annual dividend increases for 28 consecutive years.
- Nearly 2,800 single-tenant retail properties across forty-eight states
- 276 properties acquired in 2017
- A portfolio average of 98% occupancy over fifteen years
- 8% average annual core FFO growth per share over the past six years
Click here to view the NNN Corporate Investor Presentation
Click here to view the NNN Fact Sheet
Advisor Access spoke with president and CEO Jay Whitehurst about the company’s strategies and strengths.
Advisor Access: You’ve had a remarkable run in terms of dividend increases—now into your twenty-eighth consecutive year. That places you in the upper echelons of Dividend Achievers. What key elements of your business drive this growth?
Jay Whitehurst: Yes, we have raised our dividend for twenty-eight consecutive years, a feat accomplished by only two other REITs and by fewer than ninety US public companies. We are positioned to maintain this impressive track record…
AA: Tell us about your property portfolio. Have you made additions to your total properties and geographic coverage over 2017 and moving into 2018? Describe how diversification of your customer base creates stability for your business.
JW: We now have almost 2,800 single-tenant retail properties in our portfolio, after investing $754.9 million to acquire 276 properties during 2017…
AA: You experienced a management transition in 2017. Has the changeover resulted in any changes in the direction of the business?
JW: I was appointed CEO at the end of April last year but it was really business as usual for us…
AA: Retail REITs have been under pressure from the increasing volume of Internet selling. How has that affected retail REITs, and National Retail Properties in particular?
JW: First, I want to point out that single-tenant retail properties have fared much better than malls or shopping centers in this challenging environment for retailers. If you look at our portfolio…
AA: Describe your balance sheet. What are its strengths?
JW: We have a strong, low-leverage balance sheet that provides us with great flexibility…
Read the complete answers to these questions and the full interview with National Retail Properties, HERE.
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DISCLOSURE:
National Retail Properties has paid Advisor Access a fee to distribute this email. Jay Whitehurst had final approval of the content and is wholly responsible for the validity of the statements and opinions.