| 2010 |
Investment Assets |
Inventory Assets |
Eliminations (Intercompany) |
Consolidated Totals |
||||||||||||
| External revenues |
$ | 223,870 | $ | (40 | ) | $ | - | $ | 223,830 | |||||||
| Intersegment revenues |
671 | 534 | (1,205 | ) | - | |||||||||||
| Interest revenue |
3,231 | 48 | - | 3,279 | ||||||||||||
| Interest revenue on Residuals |
3,460 | - | - | 3,460 | ||||||||||||
| Gain on the disposition of real estate, Inventory Portfolio |
- | 426 | 215 | 641 | ||||||||||||
| Retail operations, net |
1,311 | - | - | 1,311 | ||||||||||||
| Interest expense |
67,834 | (1,450 | ) | (1,205 | ) | 65,179 | ||||||||||
| Depreciation and amortization |
48,320 | 8 | - | 48,328 | ||||||||||||
| Operating expenses |
31,983 | 4,329 | - | 36,312 | ||||||||||||
| Impairment losses and other charges |
7,458 | 260 | (260 | ) | 7,458 | |||||||||||
| Impairment – commercial mortgage residual interests valuation adjustment |
3,995 | - | - | 3,995 | ||||||||||||
| Equity in earnings of unconsolidated affiliate |
(372 | ) | - | 800 | 428 | |||||||||||
| Income tax benefit (expense) |
(1,434 | ) | 959 | - | (475 | ) | ||||||||||
| Earnings (loss) from continuing operations |
71,147 | (1,220 | ) | 1,275 | 71,202 | |||||||||||
| Earnings from discontinued operations, net of income tax expense |
1,859 | 292 | - | 2,151 | ||||||||||||
| Earnings (loss) including noncontrolling interests |
73,006 | (928 | ) | 1,275 | 73,353 | |||||||||||
| Earnings attributable to noncontrolling interests from continuing operations |
(9 | ) | (358 | ) | - | (367 | ) | |||||||||
| Earnings attributable to noncontrolling interests from discontinued operations |
- | 11 | - | 11 | ||||||||||||
| Net earnings (loss) attributable to NNN |
$ | 72,997 | $ | (1,275 | ) | $ | 1,275 | $ | 72,997 | |||||||
| Assets |
$ | 2,846,036 | $ | 38,997 | $ | (171,458 | ) | $ | 2,713,575 | |||||||
| Additions to long-lived assets: |
||||||||||||||||
| Real estate |
$ | 230,928 | $ | 478 | $ | - | $ | 231,406 | ||||||||
| 2008 |
Investment Assets |
Inventory Assets |
Eliminations (Intercompany) |
Consolidated Totals |
||||||||||||
| External revenues |
$ | 217,682 | $ | 204 | $ | - | $ | 217,886 | ||||||||
| Intersegment revenues |
12,727 | 606 | (13,333 | ) | - | |||||||||||
| Interest revenue |
8,190 | - | - | 8,190 | ||||||||||||
| Interest revenue on Residuals |
4,636 | - | - | 4,636 | ||||||||||||
| Gain on the disposition of real estate, Inventory Portfolio |
- | (308 | ) | 329 | 21 | |||||||||||
| Interest expense |
69,763 | 7,442 | (13,241 | ) | 63,964 | |||||||||||
| Depreciation and amortization |
43,626 | 42 | - | 43,668 | ||||||||||||
| Operating expenses |
25,489 | 9,538 | - | 35,027 | ||||||||||||
| Impairment losses and other charges |
1,234 | - | - | 1,234 | ||||||||||||
| Impairments – commercial mortgage residual interests valuation adjustment |
758 | - | - | 758 | ||||||||||||
| Equity in earnings of unconsolidated affiliates |
(2,785 | ) | - | 3,149 | 364 | |||||||||||
| Loss on derivative instrument |
(804 | ) | - | - | (804 | ) | ||||||||||
| Gain on extinguishment of debt |
4,961 | - | - | 4,961 | ||||||||||||
| Income tax benefit |
1,329 | 5,926 | - | 7,255 | ||||||||||||
| Earnings (loss) from continuing operations |
105,066 | (10,594 | ) | 3,386 | 97,858 | |||||||||||
| Earnings from discontinued operations, net of income tax expense |
12,914 | 9,199 | - | 22,113 | ||||||||||||
| Earnings including noncontrolling interests |
117,980 | (1,395 | ) | 3,386 | 119,971 | |||||||||||
| Loss (earnings) attributable to noncontrolling interests from continuing operations |
(827 | ) | 731 | - | (96 | ) | ||||||||||
| Earnings attributable to noncontrolling interests from discontinued operations |
- | (2,722 | ) | - | (2,722 | ) | ||||||||||
| Net earnings (loss) attributable to NNN |
$ | 117,153 | $ | (3,386 | ) | $ | 3,386 | $ | 117,153 | |||||||
| Assets |
$ | 2,650,040 | $ | 128,916 | $ | (129,485 | ) | $ | 2,649,471 | |||||||
| Additions to long-lived assets: |
||||||||||||||||
| Real estate |
$ | 352,618 | $ | 33,745 | $ | - | $ | 386,363 | ||||||||
| NATIONAL RETAIL PROPERTIES, INC. | ||
| By: |
/s/ Craig Macnab | |
| Craig Macnab | ||
| Chairman of the Board and Chief Executive Officer | ||