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Hold (2.42 out of 4)
100th percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, April 19, 8:44 PM
Slide #509. National Retail Properties, Inc. — Preferred Stock Offering
Company: |
National Retail Properties, Inc. (NYSE:NNN) |
Date announced: |
5/30/2013 |
Shares Offered: |
11,500,000 |
Price Per Share: |
$25 |
Preferred Stock Offering Details: |
National Retail Properties, Inc. (NYSE: NNN) (the "Company") today announced that it has closed an underwritten public offering of 11,500,000 depositary shares, each representing a 1/100th interest in a share of its newly designated 5.70% Series E Cumulative Redeemable Preferred Stock, at a price of $25.00 per depositary share, which reflects the full exercise of the underwriters' option to purchase 1,500,000 additional depositary shares. The Company estimates that the net proceeds from the offering will be approximately $277.6 million, after deducting the underwriting discount and estimated offering expenses. The Company intends to use the net proceeds from the offering for general corporate purposes, which may include funding future property acquisitions. |
National Retail Properties is a real estate investment trust. Co.'s assets are primarily real estate assets. Co. acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for investment. Preferreds: NNN.PRD, NNN.PRE, NNN.PRF
Open the NNN Page at Preferred Stock Channel »
Name: |
NNN REIT Inc |
Website: |
www.nnnreit.com |
Sector: |
REITs |
Number of ETFs Holding NNN: |
67 (see which ones) |
Total Market Value Held by ETFs: |
$1,640,469,337.8 |
Total Market Capitalization: |
$7,239,000,000 |
% of Market Cap. Held by ETFs: |
22.66% |
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Open the NNN Page at Preferred Stock Channel (in a new window) »
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