ORLANDO, Fla., Oct. 10 /PRNewswire-FirstCall/ — National Retail Properties, Inc. (NYSE: NNN) today announced plans to sell 4,000,000 shares of its common stock in a follow-on public offering. The Company also plans to grant the underwriters a 30-day option to purchase up to 600,000 additional shares of common stock to cover over-allotments.
Citigroup Global Markets Inc. and Wachovia Capital Markets, LLC are acting as joint book-running managers for the offering. Banc of America Securities LLC, Ferris Baker Watts, Incorporated, Janney Montgomery Scott LLC, Raymond James & Associates, Inc., and Stifel, Nicolaus & Company, Incorporated are acting as co-managers.
The offering is being made pursuant to a prospectus supplement to the prospectus filed with the Securities and Exchange Commission as part of the company's shelf registration statement.
This communication shall not constitute an offer to sell nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualifications under the securities laws of any such state or other jurisdiction. A copy of the prospectus relating to these securities may be obtained from Citi Markets & Banking, Brooklyn Army Terminal, 140 58th street, 8th Floor, Brooklyn, NY 11220 (tel: 718-765-6732) and from Wachovia Capital Markets, LLC, 375 Park Avenue, New York, New York 10152-4077, Attn: Equity Syndicate.
National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of June 30, 2007, the company owned 859 investment properties in 43 states with a gross leasable area of approximately 10 million square feet. For more information on the company, visit www.nnnreit.com.
Statements in this press release that are not strictly historical are “forward-looking” statements. Forward-looking statements involve known and unknown risks, which may cause the company's actual future results to differ materially from expected results. These risks include, among others, general economic conditions, local real estate conditions, changes in interest rates, increases in operating costs, the availability of capital, and the profitability of the company's taxable subsidiary. Additional information concerning these and other factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company's SEC filings, including, but not limited to, Item 1A. Risk Factors of the company's Annual Report on Form 10-K. Copies of each filing may be obtained from the company or the SEC. Consequently, such forward-looking statements should be regarded solely as reflections of the company's current operating plans and estimates. Actual operating results may differ materially from what is expressed or forecast in this press release. The company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date these statements were made.
SOURCE National Retail Properties, Inc.
© 2007 PR Newswire. All Rights Reserved.