National Retail Properties CEO Says Consistency is Key Factor Supporting Growth

Jay Whitehurst, president and CEO of National Retail Properties, Inc. (NYSE: NNN), joined Nareit in New York for a video interview at REITweek: 2019 Investor Conference.

National Retail Properties achieved record results in 2018, including delivering above-average returns to investors. Whitehurst said the common theme behind the strong results is consistency—a consistent focus on single tenant, free-standing retail properties; a consistent increase of the dividend for 29 years in a row; a consistent, conservative balance sheet philosophy; and a consistency of people and culture.

Combined, these factors allow National Retail to produce results that exceed REIT averages over the long term. “We deliver above-average returns while taking below-average risk,” Whitehurst said.