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Section 1: 8-K (FORM 8-K)

Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 5, 2016

 

 

NATIONAL RETAIL PROPERTIES, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Maryland   001-11290   56-1431377

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

450 South Orange Avenue

Suite 900

Orlando, Florida

  32801
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code (407) 265-7348

Not applicable

(Former name or former address, if changed since last report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 8.01. Other Events

The exhibit listed in the following index relates to the Registration Statement on Form S-3 (No. 333-202237) of the registrant and is filed herewith for incorporation by reference into such Registration Statement.

 

Item 9.01. Financial Statements and Exhibits

 

  (d) Exhibits.

 

  12.1 Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

NATIONAL RETAIL PROPERTIES, INC.
By:  

/s/ Kevin B. Habicht

Name:   Kevin B. Habicht
Title:   Executive Vice President,
  Chief Financial Officer,
  Assistant Secretary and Treasurer

Dated: December 5, 2016

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Section 2: EX-12.1 (EX-12.1)

EX-12.1

Exhibit 12.1

NATIONAL RETAIL PROPERTIES, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

(dollars in thousands)

 

    

Nine

Months
Ended
September 30,

                                    
     2016      2015      2014      2013      2012      2011  

Pretax income from continuing operations before income from equity investees

   $ 173,437       $ 208,386       $ 191,289       $ 155,631       $ 117,333       $ 91,389   

Add:

                 

Fixed charges (excluding capitalized interest)

     71,784         89,973         85,514         85,912         83,937         80,357   

Distributed income from equity investees

     —           —           —           —           8,239         593   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Pretax earnings from operations, as adjusted

   $ 245,221       $ 298,359       $ 276,803       $ 241,543       $ 209,509       $ 172,339   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Fixed Charges:

                 

Interest on indebtedness

   $ 66,502       $ 84,080       $ 80,370       $ 79,175       $ 76,153       $ 70,022   

Capitalized interest

     1,243         2,383         1,628         1,369         1,540         1,213   

Amortization of net discount relating to indebtedness

     903         1,100         1,238         3,188         4,975         6,191   

Amortization of interest rate hedges

     2,122         1,902         1,129         438         231         9   

Amortization of deferred charges

     2,257         2,891         2,777         3,111         2,578         4,135   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Fixed charges

   $ 73,027       $ 92,356       $ 87,142       $ 87,281       $ 85,477       $ 81,570   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Ratio of net earnings to fixed charges

     3.36         3.23         3.18         2.77         2.45         2.11   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Fixed charges

   $ 73,027       $ 92,356       $ 87,142       $ 87,281       $ 85,477       $ 81,570   

Preferred stock dividends

     26,576         35,434         35,434         27,923         17,428         6,785   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Combined fixed charges and preferred stock dividends

   $ 99,603       $ 127,790       $ 122,576       $ 115,204       $ 102,905       $ 88,355   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Ratio of earnings to combined fixed charges and preferred stock dividends

     2.46         2.33         2.26         2.10         2.04         1.95   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
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