ORLANDO, Fla., Dec. 5, 2011 /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced it affirmed its 2011 FFO guidance of $1.54 to $1.56 per share before any impairment expense and estimated AFFO guidance of $1.67 to $1.69 per share. This FFO guidance equates to net earnings, before any gains or losses from the sale of real estate, of $0.94 to $0.96 per share plus $0.60 per share of expected real estate depreciation and amortization. The Company also affirmed its 2012 FFO guidance of $1.62 to $1.67 per share and estimated AFFO guidance of $1.72 to $1.77 per share. This FFO guidance equates to net earnings, before any gains or losses from the sale of real estate, of $1.04 to $1.09 per share plus $0.58 per share of expected real estate related depreciation and amortization. This guidance incorporates the issuance of 8,050,000 common shares pursuant to the equity offering which closed December 5, 2011, and is based on current plans, assumptions, and estimates and is subject to the risks and uncertainties more fully described in this press release and the Company's reports filed with the Securities and Exchange Commission. Craig Macnab, Chairman and CEO, said: "We now estimate new property acquisition investment surpassing $700 million in 2011. These acquisitions and our recently completed equity offering position us well for solid 2012 per share growth while maintaining our strong balance sheet." National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2011, the company owned 1,298 Investment Properties in 47 states with a gross leasable area of approximately 15.3 million square feet. For more information on the company, visit 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 preferences and financial condition of our tenants, the availability of capital, risks related to our status as a REIT, 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. 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 Properties 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.