|Bid||43.15 x 1300|
|Ask||43.17 x 1200|
|Day's Range||42.30 - 43.58|
|52 Week Range||24.04 - 50.90|
|Beta (5Y Monthly)||0.81|
|PE Ratio (TTM)||35.43|
|Earnings Date||May 03, 2021 - May 07, 2021|
|Forward Dividend & Yield||2.08 (4.88%)|
|Ex-Dividend Date||Jan 28, 2021|
|1y Target Est||43.82|
National Retail Properties, Inc. (NYSE: NNN) (the "Company") today announced that it is notifying holders of its 3.30% Notes due 2023 (the "Notes") that the Company will redeem all outstanding Notes on March 12, 2021. The Notes will be redeemed in cash at a price equal to 100% of the principal amount of Notes being redeemed, plus a Make-Whole Amount of $21,327,880.22, plus accrued and unpaid interest to, but excluding, March 12, 2021. As of March 2, 2021, approximately $350 million aggregate principal amount of Notes remained outstanding.
National Retail Properties, Inc. (NYSE: NNN) (the "Company") today announced that it has priced its public offering of $450,000,000 of 3.500% senior unsecured notes due 2051 (the "notes"). The notes were offered at 98.132% of the principal amount with a yield to maturity of 3.602%. Interest on the notes will be payable semi-annually on April 15 and October 15 of each year, commencing on October 15, 2021. The notes mature on April 15, 2051. The offering is expected to close on or about March 10, 2021, subject to customary closing conditions.
The retail sector has been struggling, and the coronavirus made it worse. But don't count retail landlords out just yet.