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National Retail Properties, Inc. Announces 2011 Dividend Tax Status

ORLANDO, Fla., Jan. 13, 2012 /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN), an equity real estate investment trust, announced today that 71.1260% of the dividends paid to common shareholders and 100.0% of the dividends paid to preferred shareholders in 2011 are classified for federal income tax purposes as a taxable distribution. The tax attributes of the common stock and preferred series dividends paid per share are outlined below.

	Total Dividend	Ordinary Income		Non-taxable Distributions

Common Stock (CUSIP #: 637417106)
	100.0000%		71.1260%		28.8740%
$	1.530000	$	1.088228	$	0.441772

Preferred Series C (CUSIP #: 637417403)
	100.0000%		100.0000%		0.0000%
$	1.843750	$	1.843750	$	0.000000

"The common dividend of $1.53 per share paid in 2011 marks the twenty-second consecutive annual dividend increase for National Retail Properties, a milestone very few public companies have achieved," said Kevin Habicht , Chief Financial Officer. "This consistent dividend has been an important part of the company's total return to shareholders which has outperformed industry and general equity benchmarks."

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2011, the company owned 1,298 Investment Properties in 47 states with a gross leasable area of approximately 15.3 million square feet. For more information on the company, visit www.nnnreit.com.

SOURCE National Retail Properties, Inc.