NNN REIT’s number of properties

NNN is a fully integrated REIT. REIT or Real Estate Investment Trust is a company that owns or manages income-generating real estate. It enables individuals to invest in real estate assets without directly owning or managing the assets themselves. NNN focuses on investing primarily in retail real estate that is primarily well located within each local market for its tenants’ retail lines of trade.

Number of properties

The number of properties owned by National Retail Properties Inc in the first quarter of 2023 is 3449.0 which is 3.6% more than the number of properties owned in the third quarter of 2022, which was 3328. The number of properties. The growth in the number of properties from the second quarter of 2022 to the third quarter of 2022 has been negligible which is around 0.69%.

It undertakes the evaluation of the creditworthiness of its significant current and prospective tenants. This evaluation may include store-level financial performance, press releases, reviewing available financial statements public credit ratings from major credit rating agencies, industry news publications, and financial market data.

NNN makes a selling decision for each property, in accordance with its investment objectives. These decisions are taken up after careful consideration of manifold factors, that may include net cash flow, tenant’s lease renewal probability, the composition of the Property Portfolio, market lease rates, local market conditions, and other relevant factors.

In the process of making an acquisition decision, NNN takes into account a number of significant factors. Some of these factors can be listed as follows:

• the non-financial lease terms of the proposed acquisition,
• the availability of funds or other consideration for the proposed acquisition and the cost thereof,
• the compatibility of the property with NNN’s existing Property Portfolio,
• the property-level operating history
• the potential for, and current extent of, any environmental problems,
• the purchase price.
• the tenant’s industry
• the terms of any lease

Vacant properties held

As of December 31, 2022, NNN owned 21 vacant, un-leased Properties, which accounted for approximately one percent of total Properties held in the Property Portfolio.

About National Retail Properties Inc

NNN, a Maryland corporation, is a fully integrated REIT established in 1984. NNN’s assets are primarily real estate assets. The common shares of National Retail Properties, Inc. are traded on the New York Stock Exchange (the “NYSE”) under the ticker symbol “NNN.”

NNN acquires, owns, invests in, and develops properties for the purpose of leasing them to retail tenants under long-term net leases, and are essentially held for investment.

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