ORLANDO, Fla., Jan. 12, 2022
ORLANDO, Fla., Jan. 12, 2022 /PRNewswire/ -- National Retail Properties, Inc. (NYSE:NNN), a real estate investment trust, announced today that 76.9406% of the dividends paid to common shareholders and 100.0% of the dividends paid to shareholders of its Preferred Series F in 2021 are classified for federal income tax purposes as a taxable distribution. The tax attributes of the dividends paid per share are outlined below.
Common Stock (CUSIP #: 637417106)
Preferred Series F (CUSIP #: 637417874)(2)
Dividends eligible for the 20% qualified business income deduction under Section 199A and included in Box 1a, Ordinary Dividend.
All Preferred Series F shares were redeemed on October 16, 2021.
"The common dividend of $2.10 per share paid in 2021 marked the thirty-second consecutive annual dividend increase for National Retail Properties," said Kevin Habicht, Chief Financial Officer. "This consistent dividend, in good times and challenging times, has been an important part of the company’s total return to shareholders."
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2021, the company owned 3,195 properties in 48 states with a gross leasable area of approximately 33.0 million square feet and with a weighted average remaining lease term of 10.6 years. For more information on the company, visit www.nnnreit.com.
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SOURCE National Retail Properties, Inc.
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National Retail Properties, Inc.
Founded: 1984 (38 years)
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Retail
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score.
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Last updated: 2022-01-14 12:57:03 PST
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