40.73
NYSE : NNN
August 18, 2017 Minimum 20 minute delay.
Change
$(0.39) (0.95)%
Volume
928,384
Market Cap ($M)
6,078.27
Market Makers
The following firm is the specialist in National Retail Properties, Inc. stock on the NYSE.

Company Phone Address
Spear, Leeds & Kellogg Specialists LLC (212) 433-7060 120 Broadway
Seventh Floor
New York, NY 10282

Return to Mergers & Acquisitions

Deal Overview

Buyer:
Commercial Net Lease Realty, Inc.
Actual Acquirer:
Commercial Net Lease Realty, Inc.
Target:
Captec Net Lease Realty, Inc.
Deal Type:
Real Estate Company
Agreement Date:
7/1/2001
Announcement Date:
7/2/2001
Announced Deal Value Per Share ($ )
13.05
Announced Deal Value, As Reported ($ M)
NA
Status:
Completed
Completion Date:
12/1/2001

Consideration Breakout
Cash ($M) 12.1
Common Stock ($M) 58.4
Common Stock Issued 4,750,000
Preferred Stock ($M) 50.0
Preferred Stock Issued 2,200,000

Deal Pricing Ratios

Announcement Completion
Price / LTM FFO (x) 8.8 NA
Price / LTM AFFO (x) NA NA
Price / Earnings (x) 10.3 12.9
Price / Rec EBITDA (x) 94.21 91.47
Price / 52WeekHigh (%) 94.21 91.47
Deal Terms
Description of Consideration

Commercial Net Lease exchanged .4575 common share, 0.21034679 Class A preferred share, and $1.27 cash for each common share of Captec Net Lease, plus the assumption of approx. $103.4 million in debt.

Percent Acquired (%) 100.00
Accounting Method Purchase
Merger of Equals?
No
Target Assets
Total Number of Properties Acquired 136
Number of Properties 30
Size of Properties (sq. ft.) NA
Number of Properties 106
Size of Properties (sq. ft.) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Wells Fargo Securities LLC
Seller Yes UBS Securities LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Pillsbury Winthrop Shaw
Seller Yes Baker & Hostetler LLP