National Retail Properties (NNN) Declares $0.42 Quarterly Dividend; 4.5% Yield

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S&P Raises National Retail Properties (NNN) to 'BBB+'; Consistent Performace, Prudent Growth Strategy Cited

July 17, 2014 3:15 PM EDT

Standard & Poor's Ratings Services today raised its corporate credit and issue ratings on Orlando, Fla.-based National Retail Properties Inc. (NYSE: NRP) to 'BBB+' from 'BBB'. The outlook is stable.

"The ratings upgrade reflects our view that National Retail Properties' consistently solid operating results, conservative underwriting, and prudent growth strategy has strengthened its overall position relative to similarly rated peers," said Standard & Poor's credit analyst Jaime Gitler. We also consider that National Retail's management team will maintain its characteristically conservative approach toward the portfolio's growth. Although we expect this growth to occur as... More