Sept. 16, 2021 -- National Retail Properties, Inc. (NYSE: NNN) (the Company") today called for redemption of all outstanding shares of its 5.200% Series F Cumulative Redeemable Preferred Stock (the "Series F Preferred Shares") represented by depositary shares, each representing a 1/100th interest in a Series F Preferred Share (the "Depositary Shares," CUSIP: 637417874; NYSE: NNNPRF). The Depositary Shares will be redeemed on October 16, 2021 at $25.00 per Depositary Share, plus all accrued and unpaid dividends up to (but not including) the redemption date, for an aggregate redemption price of $25.111944 per Depositary Share. On the redemption date, dividends on the Depositary Shares representing interests in Series F Preferred Shares will cease to accrue.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  National Retail Properties, Inc. 5.20% Depositary Shares each representing a 1/100th Interest in a Share of Series F Cumulative Redeemable Preferred Stock, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 10/11/2021 at $25 per depositary share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 5.20% ($1.30 per annum or $0.3250 per quarter) are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date fixed by the board, not more than 30 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Upon the occurrence of a change of control resulting in the common shares of the surviving entity no longer being listed on the NYSE, the AMEX or the Nasdaq exchanges the company will have the option within 120 days to redeem the preferred shares at $25 per depositary share plus accrued and unpaid dividends. (see the prospectus for details). Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. This security was rated as Baa2 by Moody’s and BBB- by S&P at the date of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	5.20% $1.30	$25.00 $25.00	Called for 10/16/2021 None	Baa2 BBB- 12/02/2020	3/15, 6/15, 9/15 & 12/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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Inv Rel Email Address	chris.barry@nnnreit.com
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Address and Phone Numbers

Address:   450 South Orange Avenue, Suite 900, Orlando, FL 32801
Main Phone Number	407-265-7348
Fax Number	407-650-3650
Investor Relations   Chris Barry	407-650-1228
Toll Free Phone Number	800-666-7348

CEO - Craig Macnab

CEO - Julian E. Whitehurst

CFO - Kevin B. Habicht