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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, April 1, 4:49 PM
| This Slide: #288 of 609 |
Slide #288. National Retail Properties, Inc. — Preferred Stock Offering
Company:
National Retail Properties, Inc. (NYSE:NNN)
Date announced:
10/4/2016
Shares Offered:
12,000,000
Date of Pricing:
10/4/2016
Price Per Share:
$25.00
Preferred Stock Offering Details:
National Retail Properties, Inc. (NYSE: NNN) (the "Company") today announced that it has priced an underwritten public offering of 12,000,000 depositary shares, each representing a 1/100th interest in a share of its 5.20% Series F Cumulative Redeemable Preferred Stock, at a price of $25.00 per depositary share. As part of the offering, the Company granted the underwriters a 30-day option to purchase an additional 1,800,000 depositary shares to cover over-allotments, if any. The offering is expected to close on or about October 11, 2016, subject to customary closing conditions. The Company intends to apply to list the depositary shares on the New York Stock Exchange under the symbol "NNNPRF". If its application is approved, the Company expects trading of the depositary shares on the New York Stock Exchange to commence within the 30-day period after the initial delivery of the depositary shares.
National Retail Properties is a real estate investment trust. Co.'s assets are primarily real estate assets. Co. acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for investment.
Preferreds: NNN.PRD, NNN.PRE, NNN.PRF
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Avg. Broker Rec.
  
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Buy (2.89 out of 4) 27th percentile
(ranked lower than approx. 73% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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