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National Retail Properties Management Discusses Q2 2012 Results - Earnings Call Transcript

National Retail Properties (NNN)

Q2 2012 Earnings Call

August 02, 2012 10:30 am ET

Executives

Craig MacNab - Chairman, Director, and Chief Executive Officer

Kevin B. Habicht - Chief Financial Officer, Principal Accounting Officer, Executive Vice President, Treasurer, Assistant Secretary, Director, Director of CNL Commercial Finance Inc. and Director of Commercial Net Lease Realty Services Inc

Analysts

Joshua A. Barber - Stifel, Nicolaus & Co., Inc., Research Division

Emmanuel Korchman

Paula J. Poskon - Robert W. Baird & Co. Incorporated, Research Division

Wes Golladay - RBC Capital Markets, LLC, Research Division

Todd Stender - Wells Fargo Securities, LLC, Research Division

R.J. Milligan - Raymond James & Associates, Inc., Research Division

Elizabeth Bland - Janney Montgomery Scott LLC, Research Division

Presentation

Operator

Greetings, and welcome to the National Retail Properties Second Quarter 2012 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Craig MacNab, Chief Executive Officer of National Retail Properties. Thank you. Mr. MacNab, you may begin.

Craig MacNab

Claudia, thanks very much. Good morning and welcome to our second quarter 2012 earnings release call. On this call with me are Jay Whitehurst, our President; and Kevin Habicht, our Chief Financial Officer, who will review details of our second quarter financial results following my brief opening comments.

We are pleased to have produced another consistent and predictable quarterly results with continued improvements in our business. Importantly, we are delighted to have raised our dividend for the 23rd consecutive year, which is a milestone that places us in an elite category of just over 100 large public companies that have this multiyear record of consistently raising our dividend.

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