National Retail Properties, Inc. Announces 2010 Dividend Tax Status

 Company Marks 21st Year of Consecutive Dividend Increases

ORLANDO, FL, /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN), an equity real estate investment trust, announced  that 76.5209% of the dividends paid to common shareholders and 100.0% of the dividends paid to preferred shareholders in 2010 are classified for federal income tax purposes as a taxable distribution.

Please contact  Kevin B. Habicht (top right photo), Chief Financial Officer, +1-407-265-7348  for the table showing the tax attributes of the common stock and preferred series dividends paid per share.

"The common dividend of $1.51 per share paid in 2010 marks the twenty first consecutive annual dividend increase for National Retail Properties, a milestone very few public companies have achieved," said Habicht. 

"This consistent dividend has been an important part of the company's total return to shareholders which has outperformed industry and general equity benchmarks."

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases.  As of September 30, 2010, the company owned 1,037 Investment Properties in 43 states with a gross leasable area of approximately 11.7 million square feet.

 For more information on the company, visit www.nnnreit.com