Last 7 days
0.5%
Last 30 days
-1.0%
Last 90 days
-8.4%
Trailing 12 Months
-10.3%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-08-14 | Adamo Jonathan | acquired | 396,600 | 39.66 | 10,000 | evp, portfolio operations |
2023-07-31 | Witherspoon Kamau Omari | acquired | 52,540 | 42.82 | 1,227 | - |
2023-07-31 | FICK DAVID M | acquired | 64,058 | 42.82 | 1,496 | - |
2023-07-31 | COSLER STEVEN D | acquired | 78,788 | 42.82 | 1,840 | - |
2023-07-31 | Gulacsy Elizabeth | acquired | 41,663 | 42.82 | 973 | - |
2023-07-31 | Beall Pamela K.M. | acquired | 36,268 | 42.82 | 847 | - |
2023-07-31 | FRITSCH EDWARD J | acquired | 36,268 | 42.82 | 847 | - |
2023-07-31 | HOLDEN BETSY D | acquired | 45,432 | 42.82 | 1,061 | - |
2023-04-28 | FRITSCH EDWARD J | acquired | 33,146 | 42.88 | 773 | - |
2023-04-28 | Witherspoon Kamau Omari | acquired | 48,197 | 42.88 | 1,124 | - |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | added | 5.11 | 663 | 36,115 | 0.01% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | sold off | -100 | -1,987 | - | -% |
2023-08-24 | Alberta Investment Management Corp | new | - | 1,225,850 | 1,225,850 | 0.01% |
2023-08-23 | Stonebridge Capital Advisors LLC | new | - | 3,380 | 3,380 | -% |
2023-08-23 | WOLVERINE TRADING, LLC | added | 18.9 | 70,260 | 467,260 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | added | 384 | 11,733,500 | 14,912,300 | 0.14% |
2023-08-21 | BOKF, NA | unchanged | - | -2,448 | 77,022 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -6.36 | -963,537 | 9,461,380 | 0.01% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 9.47 | 615,083 | 10,610,100 | 0.02% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 10.28 | 86,000 | 1,340,000 | 0.01% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 09, 2023 | fmr llc | - | 0 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 14.98% | 26,777,900 | SC 13G/A | |
Jan 23, 2023 | blackrock inc. | 11.3% | 20,125,181 | SC 13G/A | |
Feb 11, 2022 | state street corp | 10.44% | 18,330,427 | SC 13G/A | |
Feb 10, 2022 | vanguard group inc | 14.71% | 25,837,049 | SC 13G/A | |
Feb 09, 2022 | fmr llc | - | 0 | SC 13G/A | |
Jan 27, 2022 | blackrock inc. | 11.5% | 20,113,625 | SC 13G/A | |
Jan 25, 2022 | blackrock inc. | 11.5% | 20,113,625 | SC 13G/A | |
Mar 24, 2021 | pggm investments | 4.73% | 8 | SC 13G | |
Feb 11, 2021 | state street corp | 10.17% | 17,660,187 | SC 13G |
Date Filed | Form Type | Document | |
---|---|---|---|
Aug 15, 2023 | 8-K | Current Report | |
Aug 14, 2023 | 3 | Insider Trading | |
Aug 14, 2023 | 3/A | Insider Trading | |
Aug 14, 2023 | 4 | Insider Trading | |
Aug 09, 2023 | 424B5 | Prospectus Filed | |
Aug 08, 2023 | 424B5 | Prospectus Filed | |
Aug 08, 2023 | FWP | Prospectus Filed | |
Aug 03, 2023 | 424B5 | Prospectus Filed | |
Aug 03, 2023 | 8-K | Current Report | |
Aug 02, 2023 | 10-Q | Quarterly Report |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PSA | 48.1B | 4.4B | -0.64% | -17.74% | 11.24 | 10.95 | 14.80% | 87.79% |
DLR | 38.3B | 5.1B | 5.88% | 19.36% | 89.57 | 7.47 | 13.73% | -68.04% |
EQR | 23.7B | 2.0B | -0.94% | -9.83% | 28.39 | 11.73 | -22.97% | -33.54% |
ARE | 20.0B | 2.7B | -1.78% | -21.80% | 26.64 | 7.46 | 15.16% | 88.51% |
KIM | 11.4B | 1.8B | -1.65% | -8.89% | 28.27 | 6.5 | 6.75% | -42.80% |
MID-CAP | ||||||||
FRT | 8.0B | 1.1B | 1.83% | 2.50% | 20.52 | 7.18 | 8.31% | 38.10% |
KRG | 4.9B | 820.5M | 3.48% | 19.66% | 174.46 | 5.97 | 29.95% | 125.56% |
VNO | 4.8B | 1.8B | 19.66% | -1.21% | -12.91 | 2.63 | 5.60% | -286.96% |
MAC | 2.6B | 866.2M | 4.87% | 36.72% | -29.3 | 2.95 | 0.51% | -335.26% |
SMALL-CAP | ||||||||
SLG | 2.7B | 882.0M | 26.74% | -0.07% | -6.14 | 3.08 | 11.76% | -239.94% |
SKT | 2.4B | 426.3M | -1.04% | 52.78% | 25.4 | 5.64 | 1.38% | 137.97% |
PGRE | 1.1B | 732.3M | 9.89% | -25.11% | -13.31 | 1.55 | -0.03% | -4012.90% |
AIV | 1.0B | 339.3M | -9.41% | -15.44% | -5.79 | 3.02 | 88.48% | -168.70% |
6.5%
0.1%
1.0%
4.9%
21.5%
19.6%
19.6%
Y-axis is the maximum loss one would have experienced if National Retail Properties was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | 1.5% | 799 | 787 | 773 | 762 | 749 | 737 | 726 | 702 | 681 | 665 | 661 | 671 | 681 | 682 | 671 | 658 | 645 | 635 | 624 | 614 | 607 |
Operating Expenses | -0.9% | 310 | 313 | 308 | 309 | 309 | 305 | 300 | 295 | 292 | 302 | 302 | 306 | 310 | 293 | 286 | 289 | 275 | 267 | 263 | 251 | 252 |
S&GA Expenses | 2.3% | 44.00 | 43.00 | 42.00 | 41.00 | 42.00 | 44.00 | 45.00 | 44.00 | 42.00 | 40.00 | 38.00 | 39.00 | 38.00 | 38.00 | 38.00 | 36.00 | 36.00 | 35.00 | 34.00 | 35.00 | 34.00 |
EBITDA | - | - | - | - | - | - | - | 572 | 563 | 560 | 556 | 555 | 552 | 549 | 544 | 538 | 538 | 530 | 524 | - | - | - |
EBITDA Margin | - | - | - | - | - | - | - | 0.79* | 0.80* | 0.82* | 0.84* | 0.84* | 0.82* | 0.81* | 0.80* | 0.80* | 0.81* | 0.82* | 0.82* | - | - | - |
Interest Expenses | 2.2% | 154 | 150 | 148 | 147 | 144 | 140 | 138 | 133 | 132 | 130 | 129 | 128 | 126 | 124 | 120 | 125 | 122 | 119 | 116 | 108 | 109 |
EBT Margin | - | - | - | - | - | - | - | 0.31* | 0.33* | 0.34* | 0.34* | 0.35* | 0.34* | 0.34* | 0.33* | 0.34* | 0.35* | 0.35* | 0.36* | - | - | - |
Net Income | 7.1% | 368 | 343 | 335 | 322 | 316 | 315 | 290 | 274 | 247 | 220 | 229 | 241 | 252 | 284 | 299 | 262 | 277 | 269 | 292 | 328 | 307 |
Net Income Margin | -100.0% | - | 0.44* | 0.43* | 0.42* | 0.42* | 0.43* | 0.40* | 0.39* | 0.36* | 0.33* | 0.35* | 0.36* | 0.37* | 0.42* | 0.44* | - | - | - | - | - | - |
Free Cashflow | -100.0% | - | 595 | 578 | 581 | 563 | 572 | 568 | 555 | 543 | 483 | 450 | 452 | 454 | 486 | 502 | - | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | 1.3% | 8,346 | 8,238 | 8,146 | 7,952 | 7,804 | 7,772 | 7,751 | 8,133 | 7,676 | 7,712 | 7,638 | 7,635 | 7,633 | 7,647 | 7,435 | 7,628 | 7,253 | 7,137 | 7,103 | 7,359 | 6,745 |
Cash Equivalents | -29.6% | 2.00 | 3.00 | 3.00 | 3.00 | 3.00 | 54.00 | 171 | 544 | 250 | 311 | 267 | 295 | 225 | 217 | 1.00 | 354 | 2.00 | 81.00 | 114 | 608 | 2.00 |
Liabilities | 2.3% | 4,196 | 4,103 | 4,023 | 3,945 | 3,889 | 3,874 | 3,849 | 3,873 | 3,405 | 3,424 | 3,319 | 3,347 | 3,322 | 3,346 | 3,103 | 3,001 | 3,030 | 2,984 | 2,949 | 3,282 | 2,756 |
Shareholder's Equity | 0.4% | 4,150 | 4,135 | 4,124 | 4,007 | 3,916 | 3,898 | 3,902 | 4,260 | 4,271 | 4,288 | 4,319 | 4,287 | 4,311 | 4,301 | 4,332 | 4,627 | 4,222 | 4,153 | 4,155 | 4,077 | 3,989 |
Retained Earnings | -0.1% | -804 | -803 | -793 | -786 | -777 | -759 | -747 | -720 | -705 | -683 | -644 | -611 | -573 | -526 | -499 | -469 | -443 | -432 | -424 | -372 | -368 |
Additional Paid-In Capital | 0.3% | 4,964 | 4,948 | 4,928 | 4,805 | 4,705 | 4,670 | 4,663 | 4,649 | 4,645 | 4,640 | 4,634 | 4,569 | 4,555 | 4,499 | 4,495 | 4,480 | 4,042 | 3,958 | 3,950 | 3,824 | 3,734 |
Shares Outstanding | 0.2% | 182 | 182 | 181 | 179 | 175 | 175 | - | - | 174,611 | 174,589 | - | 172,681 | - | - | 172 | 165 | 162 | 161 | 162 | 157 | 154 |
Minority Interest | - | - | - | - | - | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | 1.3% | 602 | 595 | 578 | 581 | 563 | 572 | 568 | 555 | 543 | 483 | 450 | 452 | 454 | 486 | 502 | 505 | 479 | 485 | 472 | 457 | 435 |
Cashflow From Investing | -0.8% | -736 | -730 | -777 | -574 | -594 | -533 | -432 | -478 | -268 | -200 | -142 | -258 | -343 | -557 | -619 | -724 | -685 | -599 | -609 | -504 | -515 |
Cashflow From Financing | 56.1% | 136 | 87.00 | 35.00 | -545 | -214 | -295 | -232 | 173 | -249 | -188 | -41.25 | -251 | 111 | 207 | 5.00 | -34.76 | 207 | 190 | 250 | 401 | 79.00 |
Dividend Payments | 1.8% | 394 | 387 | 381 | 375 | 371 | 369 | 367 | 365 | 362 | 359 | 356 | 354 | 348 | 341 | 334 | 325 | 319 | 311 | 303 | 296 | 288 |
Condensed Consolidated Statements Of Income And Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Revenues: | ||||
Rental income | $ 202,426 | $ 190,536 | $ 406,056 | $ 380,299 |
Interest and other income from real estate transactions | 214 | 247 | 692 | 763 |
Total revenues | 202,640 | 190,783 | 406,748 | 381,062 |
Operating expenses: | ||||
General and administrative | 10,740 | 9,740 | 22,991 | 20,782 |
Real estate | 6,836 | 6,173 | 13,682 | 13,371 |
Depreciation and amortization | 59,875 | 57,444 | 119,023 | 110,124 |
Leasing transaction costs | 52 | 76 | 127 | 164 |
Real estate impairments, net of recoveries | 34 | 4,618 | 2,674 | 6,250 |
Executive retirement costs | 309 | 2,655 | 732 | 6,249 |
Total operating expenses | 77,846 | 80,706 | 159,229 | 156,940 |
Gain on disposition of real estate | 13,930 | 775 | 20,230 | 4,767 |
Earnings from operations | 138,724 | 110,852 | 267,749 | 228,889 |
Other expenses (revenues): | ||||
Interest and other income | (74) | (52) | (107) | (87) |
Interest expense | 40,094 | 36,739 | 78,985 | 73,438 |
Total other expenses (revenues) | (40,020) | 36,687 | 78,878 | 73,351 |
Net earnings | 98,704 | 74,165 | 188,871 | 155,538 |
Loss attributable to noncontrolling interests | 0 | 6 | 0 | 5 |
Net earnings attributable to common stockholders | $ 98,704 | $ 74,171 | $ 188,871 | $ 155,543 |
Net earnings per share of common stock: | ||||
Basic (in dollars per share) | $ 0.54 | $ 0.42 | $ 1.04 | $ 0.89 |
Diluted (in dollars per share) | $ 0.54 | $ 0.42 | $ 1.04 | $ 0.89 |
Weighted average number of common shares outstanding: | ||||
Basic (in shares) | 181,092,031 | 174,956,856 | 180,969,809 | 174,867,049 |
Diluted (in shares) | 181,627,857 | 175,107,914 | 181,544,275 | 175,021,871 |
Other comprehensive income: | ||||
Net earnings attributable to NNN | $ 98,704 | $ 74,171 | $ 188,871 | $ 155,543 |
Amortization of interest rate hedges | 616 | 592 | 1,223 | 1,175 |
Comprehensive income attributable to NNN | 99,320 | 74,763 | 190,094 | 156,718 |
Comprehensive loss attributable to noncontrolling interests | 0 | (6) | 0 | (5) |
Total comprehensive income | $ 99,320 | $ 74,757 | $ 190,094 | $ 156,713 |
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
---|---|---|
ASSETS | ||
Real estate portfolio, net of accumulated depreciation and amortization | $ 8,221,192 | $ 8,020,814 |
Cash and cash equivalents | 2,281 | 2,505 |
Restricted cash or cash held in escrow | 2,971 | 4,273 |
Receivables, net of allowance of $686 and $708, respectively | 2,246 | 3,612 |
Accrued rental income, net of allowance of $3,861 and $3,836, respectively | 28,422 | 27,795 |
Debt costs, net of accumulated amortization of $22,807 and $21,663, respectively | 4,333 | 5,352 |
Other assets | 84,490 | 81,694 |
Total assets | 8,345,935 | 8,146,045 |
Liabilities: | ||
Line of credit payable | 332,500 | 166,200 |
Mortgages payable, including unamortized premium and net of unamortized debt costs | 0 | 9,964 |
Notes payable, net of unamortized discount and unamortized debt costs | 3,742,012 | 3,739,890 |
Accrued interest payable | 24,779 | 23,826 |
Other liabilities | 96,410 | 82,663 |
Total liabilities | 4,195,701 | 4,022,543 |
Stockholders’ equity: | ||
Common stock, $0.01 par value. Authorized 375,000,000 shares; 182,407,911 and 181,424,670 shares issued and outstanding, respectively | 1,825 | 1,815 |
Capital in excess of par value | 4,963,808 | 4,928,034 |
Accumulated deficit | (804,040) | (793,765) |
Accumulated other comprehensive income (loss) | (11,359) | (12,582) |
Total stockholders’ equity of NNN | 4,150,234 | 4,123,502 |
Total liabilities and equity | $ 8,345,935 | $ 8,146,045 |