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First Quarter 2021 Operating Results Announced By National Retail Properties, Inc

(1) Amounts include $9,385 of net straight-line accrued rent from rent deferral repayments from the COVID-19 rent deferral lease amendments. Excluding such, AFFO per common share would have been $0.71 for the quarter ended March 31, 2021. First Quarter 2021 Highlights: As of April 28, 2021, NNN had collected approximately 97% of rent originally due for the quarter ended March 31, 2021, and approximately 98% of rent originally due in April 2021 Collected approximately $2.2 million of receivables written-off in 2020 from cash basis tenants Maintained high occupancy levels at 98.3%, with a weighted average remaining lease term of 10.6 years, at March 31, 2021 as compared to 98.5% at December 31, 2020 and 98.8% at March 31, 2020 Invested $105.6 million in property investments, including the acquisition of 29 properties with an aggregate 355,000 square feet of gross leasable area at an initial cash yield of 6.4%

National Retail Properties Boosts FY21 Outlook

National Retail Properties Boosts FY21 Outlook WASHINGTON (dpa-AFX) - While reporting financial results for the first quarter on Tuesday, real estate investment trust National Retail Properties, Inc. (NNN) raised its Core FFO, AFFO and net earnings guidance for the full-year 2021, based on continued high occupancy, strong rent collections, solid quarter of acquisitions, and fortress-like balance sheet. For fiscal 2021, the company now projects core FFO in a range of $2.70 to $2.75 per share, AFFO in a range of $2.91 to $2.96 per share and net earnings in a range of $1.56 to $1.61 per share. Previously, the company expected core FFO in the range of $2.55 to $2.62 per share, AFFO in the range of $2.77 to $2.84 per share and net earnings in the range of $1.42 to $1.49 per share.

Mid-Morning Market Update: Markets Open Lower; Pfizer Raises FY21 Outlook

Mid-Morning Market Update: Markets Open Lower; Pfizer Raises FY21 Outlook
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