NNN has generated consistent returns for more than a decade supported by its strong dividend yield and 19 consecutive years of increased annual dividends. Its average annual total return for the 15 years ended December 31, 2008 was 10.1%.

NNN maintains a conservatively managed, fully diversified retail real estate portfolio with properties subject to long-term, net leases with established tenants. Its 1,002 properties are located in 44 states with a total gross leasable area of approximately 11.3 million square feet. Current occupancy is 96.7% and these properties are leased to more than 200 tenants in 34 industry classifications.

A triple net lease shifts property operating expenses (i.e., maintenance, taxes, insurance and utilities) to the tenant, so the rental revenue NNN receives has significantly fewer associated expenses and more stable net cash flow. Typical initial lease terms of 15-20 years, which span most economic and real estate cycles, also enhance NNN's cash flow stability. NNN's portfolio-wide average remaining lease term of more than 13 years gives NNN a steady, contractually obligated rental income stream.

NNN is one of only 156 of the more than 10,000 publicly traded companies in America that have increased annual dividends for 19 or more consecutive years.