National Retail Properties, Inc. Announces 2020 Dividend Tax Status

Rhea-AI Summary

National Retail Properties (NYSE:NNN) announced that 80.1814% of common stock dividends and 100% of Preferred Series F dividends for 2020 are classified as taxable distributions for federal income tax purposes. The total common dividend paid was $2.07 per share, representing the thirty-first consecutive annual increase. The company owns 3,114 retail properties across 48 states, with a total gross leasable area of approximately 32.4 million square feet and a weighted average remaining lease term of 10.7 years.

Positive

• Common dividend of $2.07 per share reflects a 31st consecutive annual increase.
• 100% of Preferred Series F dividends classified as taxable distributions.
• Stable investment in 3,114 properties with long-term leases.

Negative

• None.

ORLANDO, Fla., Jan. 11, 2021 /PRNewswire/ -- National Retail Properties, Inc. (NYSE:NNN), a real estate investment trust, announced today that 80.1814% of the dividends paid to common shareholders and 100.0% of the dividends paid to shareholders of its Preferred Series F in 2020 are classified for federal income tax purposes as a taxable distribution. The tax attributes of the common stock and preferred series' dividends paid per share are outlined below.

 

		Total Dividend		Ordinary Dividend (Box 1a)			Non-taxable Distributions (Box 3)		Section 199A Dividends (1)  (Box 5)
Common Stock  (CUSIP #: 637417106)
		100.0000%		80.1814%		19.8186%		80.1814%
		$2.070000		$1.659755		$0.410245		$1.659755
Preferred Series F (CUSIP #: 637417874)
		100.0000%		100.0000%		0.0000%		100.0000%
		$1.300000		$1.300000		$0.000000		$1.300000
(1)  Dividends eligible for the 20% qualified business income deduction under Section 199A and included in Box 1a, Ordinary Dividend.

 

"The common dividend of $2.07 per share paid in 2020 marked the thirty-first consecutive annual dividend increase for National Retail Properties," said Kevin Habicht, Chief Financial Officer. "This consistent dividend, in good times and challenging times, has been an important part of the company's total return to shareholders."

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2020, the company owned 3,114 properties in 48 states with a gross leasable area of approximately 32.4 million square feet and with a weighted average remaining lease term of 10.7 years. For more information on the company, visit www.nnnreit.com.

CUSIP#:  637417106

CUSIP#:  637417874

 

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SOURCE National Retail Properties, Inc.

FAQ

What percentage of NNN's common dividends are taxable?

80.1814% of the common dividends paid in 2020 are classified as taxable distributions.

What was the total common dividend paid by NNN in 2020?

The total common dividend paid in 2020 was $2.07 per share.

How many consecutive years has NNN increased its dividend?

National Retail Properties has increased its dividend for 31 consecutive years.

What is the status of Preferred Series F dividends for NNN?

100% of the dividends paid to shareholders of Preferred Series F in 2020 are classified as taxable distributions.