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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Equity to Asset 0.62
NNN's Equity to Asset is ranked higher than
85% of the 590 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.49 vs. NNN: 0.62 )
NNN' s 10-Year Equity to Asset Range
Min: 0.48   Max: 0.9
Current: 0.62

0.48
0.9
Interest Coverage 2.81
NNN's Interest Coverage is ranked higher than
74% of the 509 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.37 vs. NNN: 2.81 )
NNN' s 10-Year Interest Coverage Range
Min: 1.8   Max: 4.35
Current: 2.81

1.8
4.35
F-Score: 6
Z-Score: 1.57
M-Score: -2.34
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 60.98
NNN's Operating margin (%) is ranked higher than
83% of the 611 Companies
in the Global REIT - Retail industry.

( Industry Median: 40.09 vs. NNN: 60.98 )
NNN' s 10-Year Operating margin (%) Range
Min: 45.28   Max: 82
Current: 60.98

45.28
82
Net-margin (%) 40.82
NNN's Net-margin (%) is ranked higher than
75% of the 612 Companies
in the Global REIT - Retail industry.

( Industry Median: 33.75 vs. NNN: 40.82 )
NNN' s 10-Year Net-margin (%) Range
Min: 22.16   Max: 122.36
Current: 40.82

22.16
122.36
ROE (%) 5.77
NNN's ROE (%) is ranked higher than
68% of the 598 Companies
in the Global REIT - Retail industry.

( Industry Median: 6.45 vs. NNN: 5.77 )
NNN' s 10-Year ROE (%) Range
Min: 3.5   Max: 16.63
Current: 5.77

3.5
16.63
ROA (%) 3.60
NNN's ROA (%) is ranked higher than
76% of the 602 Companies
in the Global REIT - Retail industry.

( Industry Median: 3.17 vs. NNN: 3.60 )
NNN' s 10-Year ROA (%) Range
Min: 2.12   Max: 9.52
Current: 3.6

2.12
9.52
ROC (Joel Greenblatt) (%) 5.59
NNN's ROC (Joel Greenblatt) (%) is ranked higher than
73% of the 500 Companies
in the Global REIT - Retail industry.

( Industry Median: 5.42 vs. NNN: 5.59 )
NNN' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 4.28   Max: 10.61
Current: 5.59

4.28
10.61
Revenue Growth (%) 2.00
NNN's Revenue Growth (%) is ranked higher than
76% of the 501 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.80 vs. NNN: 2.00 )
NNN' s 10-Year Revenue Growth (%) Range
Min: -6.5   Max: 15.1
Current: 2

-6.5
15.1
EBITDA Growth (%) 9.20
NNN's EBITDA Growth (%) is ranked higher than
81% of the 449 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.30 vs. NNN: 9.20 )
NNN' s 10-Year EBITDA Growth (%) Range
Min: -47.1   Max: 135.5
Current: 9.2

-47.1
135.5
EPS Growth (%) 14.30
NNN's EPS Growth (%) is ranked higher than
85% of the 357 Companies
in the Global REIT - Retail industry.

( Industry Median: -0.50 vs. NNN: 14.30 )
NNN' s 10-Year EPS Growth (%) Range
Min: -28.3   Max: 34.4
Current: 14.3

-28.3
34.4
» NNN's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

NNN Guru Trades in Q1 2013

Steven Cohen 8,050 sh (New)
Pioneer Investments 60,700 sh (+4.12%)
Manning & Napier Advisors, Inc 246,980 sh (+1.25%)
Ken Fisher 1,192,894 sh (+1.1%)
Chuck Royce 650,000 sh (unchged)
Jim Simons Sold Out
» More
Q2 2013

NNN Guru Trades in Q2 2013

Ray Dalio 12,600 sh (New)
Manning & Napier Advisors, Inc 250,980 sh (+1.62%)
Chuck Royce 650,000 sh (unchged)
Steven Cohen Sold Out
Ken Fisher 1,184,674 sh (-0.69%)
Pioneer Investments 59,900 sh (-1.32%)
» More
Q3 2013

NNN Guru Trades in Q3 2013

Jim Simons 433,100 sh (New)
Ken Fisher 1,185,924 sh (+0.11%)
Chuck Royce 650,000 sh (unchged)
Ray Dalio Sold Out
Manning & Napier Advisors, Inc 250,802 sh (-0.07%)
Pioneer Investments 59,300 sh (-1%)
» More
Q4 2013

NNN Guru Trades in Q4 2013

Steven Cohen 12,663 sh (New)
Chuck Royce 650,000 sh (unchged)
Jim Simons Sold Out
Ken Fisher 1,167,184 sh (-1.58%)
Pioneer Investments 57,900 sh (-2.36%)
Manning & Napier Advisors, Inc 227,732 sh (-9.2%)
» More
» Details

Insider Trades

Latest Guru Trades with NNN

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ray Dalio 2013-09-30 Sold Out $30.44 - $37.43 $ 34.393%0
Ray Dalio 2013-06-30 New Buy$32.19 - $41.89 $ 34.39-8%12600
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Preferred stocks of National Retail Properties Inc

SymbolPriceYieldDescription
NNNPRD0.006.80
NNNPRE0.005.29Deposit Shs Repr 1/100th 5.7 % Cum Red Pfd Shs Series -E-

Ratios

vs
industry
vs
history
P/E(ttm) 31.00
NNN's P/E(ttm) is ranked higher than
51% of the 535 Companies
in the Global REIT - Retail industry.

( Industry Median: 19.50 vs. NNN: 31.00 )
NNN' s 10-Year P/E(ttm) Range
Min: 7.07   Max: 59.33
Current: 31

7.07
59.33
P/B 1.90
NNN's P/B is ranked lower than
63% of the 555 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.22 vs. NNN: 1.90 )
NNN' s 10-Year P/B Range
Min: 0.63   Max: 2.27
Current: 1.9

0.63
2.27
P/S 10.40
NNN's P/S is ranked lower than
80% of the 613 Companies
in the Global REIT - Retail industry.

( Industry Median: 6.77 vs. NNN: 10.40 )
NNN' s 10-Year P/S Range
Min: 3.77   Max: 13.17
Current: 10.4

3.77
13.17
EV-to-EBIT 26.30
NNN's EV-to-EBIT is ranked higher than
61% of the 599 Companies
in the Global REIT - Retail industry.

( Industry Median: 27.39 vs. NNN: 26.30 )
NNN' s 10-Year EV-to-EBIT Range
Min: 13.8   Max: 33.2
Current: 26.3

13.8
33.2
PEG 3.60
NNN's PEG is ranked higher than
50% of the 256 Companies
in the Global REIT - Retail industry.

( Industry Median: 2.40 vs. NNN: 3.60 )
NNN' s 10-Year PEG Range
Min: 0.58   Max: 55.66
Current: 3.6

0.58
55.66
Shiller P/E 31.70
NNN's Shiller P/E is ranked higher than
53% of the 298 Companies
in the Global REIT - Retail industry.

( Industry Median: 29.70 vs. NNN: 31.70 )
NNN' s 10-Year Shiller P/E Range
Min: 5.93   Max: 32.98
Current: 31.7

5.93
32.98

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 4.70
NNN's Dividend Yield is ranked higher than
52% of the 611 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.81 vs. NNN: 4.70 )
NNN' s 10-Year Dividend Yield Range
Min: 3.75   Max: 12.68
Current: 4.7

3.75
12.68
Dividend Payout 1.51
NNN's Dividend Payout is ranked lower than
51% of the 502 Companies
in the Global REIT - Retail industry.

( Industry Median: 0.96 vs. NNN: 1.51 )
NNN' s 10-Year Dividend Payout Range
Min: 0.43   Max: 2.5
Current: 1.51

0.43
2.5
Dividend growth (3y) 1.90
NNN's Dividend growth (3y) is ranked higher than
66% of the 359 Companies
in the Global REIT - Retail industry.

( Industry Median: 4.30 vs. NNN: 1.90 )
NNN' s 10-Year Dividend growth (3y) Range
Min: 0.8   Max: 4.4
Current: 1.9

0.8
4.4
Yield on cost (5-Year) 5.09
NNN's Yield on cost (5-Year) is ranked higher than
51% of the 613 Companies
in the Global REIT - Retail industry.

( Industry Median: 5.30 vs. NNN: 5.09 )
NNN' s 10-Year Yield on cost (5-Year) Range
Min: 4.06   Max: 13.73
Current: 5.09

4.06
13.73
Share Buyback Rate -13.10
NNN's Share Buyback Rate is ranked higher than
63% of the 478 Companies
in the Global REIT - Retail industry.

( Industry Median: -7.20 vs. NNN: -13.10 )
NNN' s 10-Year Share Buyback Rate Range
Min: -2.6   Max: -41.5
Current: -13.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.90
NNN's Price/Tangible Book is ranked lower than
57% of the 548 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.30 vs. NNN: 1.90 )
NNN' s 10-Year Price/Tangible Book Range
Min: 0.71   Max: 1.73
Current: 1.9

0.71
1.73
Price/Median PS Value 1.30
NNN's Price/Median PS Value is ranked higher than
53% of the 562 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.10 vs. NNN: 1.30 )
NNN' s 10-Year Price/Median PS Value Range
Min: 0.49   Max: 1.21
Current: 1.3

0.49
1.21
Price/Graham Number 1.30
NNN's Price/Graham Number is ranked higher than
58% of the 515 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.00 vs. NNN: 1.30 )
NNN' s 10-Year Price/Graham Number Range
Min: 0.54   Max: 1.49
Current: 1.3

0.54
1.49
Earnings Yield (Greenblatt) 3.80
NNN's Earnings Yield (Greenblatt) is ranked higher than
68% of the 593 Companies
in the Global REIT - Retail industry.

( Industry Median: 3.70 vs. NNN: 3.80 )
NNN' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3   Max: 7.2
Current: 3.8

3
7.2
Forward Rate of Return (Yacktman) 0.09
NNN's Forward Rate of Return (Yacktman) is ranked higher than
69% of the 450 Companies
in the Global REIT - Retail industry.

( Industry Median: 1.39 vs. NNN: 0.09 )
NNN' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -30.6   Max: 35.2
Current: 0.09

-30.6
35.2

Business Description

Industry: REITs » REIT - Retail
Compare:GGP, AKR, CLP, RIOCF, BTLCY » details
Traded in other countries:CZ2.Germany
National Retail Properties, Inc. a Maryland corporation is a fully integrated real estate investment trust or REIT formed in 1984. NNN's operations are divided into two main business segments: investment assets, including real estate assets and mortgages and notes receivable and inventory real estate assets or Inventory Assets. The Company acquires, owns, invests in, manages and develops properties that are leased mainly to retail tenants under long-term net leases. The Inventory Assets are operated through the TRS. The TRS, directly and indirectly, through investment interests, mainly owns real estate generally for the purpose of selling the real estate. The TRS typically owns two types of properties, property for development and improved properties. NNN acquires, owns, invests in, manages and develops properties that are leased mainly to retail tenants under long-term net leases.As of December 31, 2011, NNN owned 1,422 Properties (including 11 properties with retail operations that NNN operates), with an aggregate gross leasable area of approximately 16,428,000 square feet, located in 47 states. Approximately 97 percent of total properties in the Property Portfolio was leased or operated as of December 31, 2011. The TRS, directly and indirectly, through investment interests, acquires and/or develops real estate mainly for the purpose of resale. NNN generally competes with numerous other REITs, commercial developers, real estate limited partnerships and other investors, including but not limited to, insurance companies, pension funds and financial institutions, that own, manage, finance or develop retail and net leased properties.

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