PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Fri, April 19, 7:41 AM
| This Slide: #509 of 620 |
Slide #509. National Retail Properties, Inc. — Preferred Stock Offering
Company:
National Retail Properties, Inc. (NYSE:NNN)
Date announced:
5/30/2013
Shares Offered:
11,500,000
Price Per Share:
$25
Preferred Stock Offering Details:
National Retail Properties, Inc. (NYSE: NNN) (the "Company") today announced that it has closed an underwritten public offering of 11,500,000 depositary shares, each representing a 1/100th interest in a share of its newly designated 5.70% Series E Cumulative Redeemable Preferred Stock, at a price of $25.00 per depositary share, which reflects the full exercise of the underwriters' option to purchase 1,500,000 additional depositary shares. The Company estimates that the net proceeds from the offering will be approximately $277.6 million, after deducting the underwriting discount and estimated offering expenses. The Company intends to use the net proceeds from the offering for general corporate purposes, which may include funding future property acquisitions.
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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Hold (2.42 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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