National Retail Properties Announces Plan to Increase Quarterly Dividend by 5.6%

ORLANDO, Fla., Feb. 25 /PRNewswire-FirstCall/ -- The Board of Directors of National Retail Properties, Inc. , a real estate investment trust, today announced its intention to increase its quarterly common share dividend to 37.5 cents per share which represents a 5.6% increase over its prior quarterly common dividend of 35.5 cents. This increase is scheduled to begin with the regular quarterly common dividend expected to be declared in the second quarter of 2008. This new dividend payout represents an annualized rate of $1.50 per share.

Craig Macnab, Chief Executive Officer, commented, "This planned dividend increase reflects the strong operating results of NNN, our low dividend payout ratio as well as our confidence of continuing these strong results in the future."

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2007, the company owned 908 Investment properties in 44 states with a gross leasable area of approximately 10.6 million square feet. For more information on the company, visit http://www.nnnreit.com/.

Statements in this press release that are not strictly historical are "forward-looking" statements. Forward-looking statements involve known and unknown risks, which may cause the company's actual future results to differ materially from expected results. These risks include, among others, general economic conditions, local real estate conditions, changes in interest rates, increases in operating costs, the availability of capital, and the profitability of the company's taxable subsidiary. Additional information concerning these and other factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company's Securities and Exchange Commission ("SEC") filings, including, but not limited to, the company's Annual Report on Form 10-K. Copies of each filing may be obtained from the company or the SEC. Consequently, such forward-looking statements should be regarded solely as reflections of the company's current operating plans and estimates. Actual operating results may differ materially from what is expressed or forecast in this press release. National Retail undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date these statements were made.