NNN has generated consistent returns for more than a decade supported by its strong dividend yield and 18 consecutive years of increased annual dividends. Its average annual total return for the past 15 years ending December 31, 2007 has been 13.4%.

NNN maintains a conservatively managed, fully diversified retail real estate portfolio with properties subject to long-term, net leases with established tenants. Its 908 properties are located in 44 states with a total gross leasable area of approximately 10.6 million square feet. Current occupancy is 98.3% and these properties are leased to 198 tenants in 35 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 enhances 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 181 of the more than 10,000 publicly traded companies in America that have increased annual dividends for 18 or more consecutive years.