National Retail Properties, Inc. (NYSE:NNN) is commenced an underwritten public offering of depositary shares. The net proceeds from the offering will be used by the company for general corporate purposes, which may include funding future property acquisitions.

The Board of Directors of National Retail Properties, Inc. declared a cash dividend on its 6.625% Series D Cumulative Redeemable Preferred Stock of 41.40625 cents per depositary share payable June 14, 2013, to shareholders of record on May 31, 2013.

National Retail Properties, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of $92,565,000 against $77,385,000 a year ago. Net earnings available to common stockholders were $29,304,000 or $0.25 per common share against $24,755,000 or $0.23 per common share a year ago. FFO available to common stockholders was $54,618,000 or $0.47 per common share against $41,820,000 or $0.39 per common share a year ago. Recurring FFO available to common stockholders was $55,377,000 or $0.48 per common share against $44,890,000 or $0.42 per common share a year ago. AFFO available to common stockholders was $56,992,000 or $0.49 per common share against $46,260,000 or $0.44 per common share a year ago. Earnings from continuing operations were $34,067,000 against $28,142,000 a year ago. Net earnings attributable to the company were $34,066,000 against $29,832,000 a year ago. AFFO available to common stockholders was $56,992,000 or $0.49 per diluted share against $46,260,000 or $0.44 per diluted share a year ago. The company revised earnings guidance for the year 2013. For the year, the company has increased FFO guidance from a range of $1.81 per share to $1.85 per share to a range of $1.85 per share to $1.89 per share before any impairment expense. AFFO is estimated to be $1.93 per share to $1.97 per share. The FFO guidance equates to net earnings before any gains or losses from the sale of real estate of $1.08 per share to $1.12 per share plus $0.77 per share of expected real estate depreciation and amortization. The guidance is based on current plans and assumptions and subject to risks and uncertainties more fully described and the company's reports filed with the Securities and Exchange Commission. The company reported impairment losses of $1,812,000 for the quarter ended March 31, 2013.