National Retail Properties Inc. (NNN, Financial) filed Quarterly Report for the period ended 2012-06-30.
National Retail Properties, Inc. has a market cap of $3.13 billion; its shares were traded at around $29.74 with a P/E ratio of 18.4 and P/S ratio of 11.8. The dividend yield of National Retail Properties, Inc. stocks is 5.3%. National Retail Properties, Inc. had an annual average earning growth of 1.2% over the past 10 years.
Real Estate Expense Reimbursement from Tenants. Real estate expense reimbursements from tenants increased for the quarter and six months ended June 30, 2012, as compared to the same period in 2011, but remained relatively stable as a percentage of total revenues from continuing operations. The increase is primarily attributable to a full year of reimbursements from certain properties acquired in 2011.
Real Estate. Real estate expenses increased for the quarter and six months ended June 30, 2012, as compared to the same period in 2011, but decreased as a percentage of total operating expenses and as a percentage of revenues from continuing operations. The increase is primarily due to an increase in tenant reimbursable expenses for certain properties acquired in 2011.
Impairment – Commercial Mortgage Residual Interests Valuation. In connection with the independent valuations of the Residuals fair value, during the six months ended June 30, 2012 and 2011, NNN recorded an other than temporary valuation adjustment of $2,718,000 and $396,000, respectively, as a reduction of earnings from operations.
The following table summarizes the earnings from discontinued operations for the six months ended June 30 (dollars in thousands):
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National Retail Properties, Inc. has a market cap of $3.13 billion; its shares were traded at around $29.74 with a P/E ratio of 18.4 and P/S ratio of 11.8. The dividend yield of National Retail Properties, Inc. stocks is 5.3%. National Retail Properties, Inc. had an annual average earning growth of 1.2% over the past 10 years.
Highlight of Business Operations:
Rental Income. Rental Income increased in amount and as a percent of the total revenues from continuing operations for the quarter and six months ended June 30, 2012, as compared to the same period in 2011. The increase for the quarter and six months ended June 30, 2012, is primarily due to the acquisition of 93 properties with aggregate gross leasable area of approximately 1,466,000 square feet during the six months ended 2012 and 218 properties with aggregate gross leasable area of approximately 3,445,000 square feet during 2011.Real Estate Expense Reimbursement from Tenants. Real estate expense reimbursements from tenants increased for the quarter and six months ended June 30, 2012, as compared to the same period in 2011, but remained relatively stable as a percentage of total revenues from continuing operations. The increase is primarily attributable to a full year of reimbursements from certain properties acquired in 2011.
Real Estate. Real estate expenses increased for the quarter and six months ended June 30, 2012, as compared to the same period in 2011, but decreased as a percentage of total operating expenses and as a percentage of revenues from continuing operations. The increase is primarily due to an increase in tenant reimbursable expenses for certain properties acquired in 2011.
Impairment – Commercial Mortgage Residual Interests Valuation. In connection with the independent valuations of the Residuals fair value, during the six months ended June 30, 2012 and 2011, NNN recorded an other than temporary valuation adjustment of $2,718,000 and $396,000, respectively, as a reduction of earnings from operations.
The following table summarizes the earnings from discontinued operations for the six months ended June 30 (dollars in thousands):
Read the The complete Report
