0001193125-12-339552.txt : 20120807 0001193125-12-339552.hdr.sgml : 20120807 20120807091739 ACCESSION NUMBER: 0001193125-12-339552 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120807 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120807 DATE AS OF CHANGE: 20120807 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL RETAIL PROPERTIES, INC. CENTRAL INDEX KEY: 0000751364 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 561431377 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11290 FILM NUMBER: 121011506 BUSINESS ADDRESS: STREET 1: 450 S ORANGE AVE STREET 2: SUITE 900 CITY: ORLANDO STATE: FL ZIP: 32801 BUSINESS PHONE: 407-666-7348 MAIL ADDRESS: STREET 1: 450 SOUTH ORANGE AVE STREET 2: SUITE 900 CITY: ORLANDO STATE: FL ZIP: 32801 FORMER COMPANY: FORMER CONFORMED NAME: COMMERCIAL NET LEASE REALTY INC DATE OF NAME CHANGE: 19930510 FORMER COMPANY: FORMER CONFORMED NAME: CNL REALTY INVESTORS INC /DE/ DATE OF NAME CHANGE: 19930429 FORMER COMPANY: FORMER CONFORMED NAME: CNL REALTY INVESTORS INC DATE OF NAME CHANGE: 19920831 8-K 1 d392453d8k.htm FORM 8-K Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 7, 2012

 

 

NATIONAL RETAIL PROPERTIES, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Maryland   001-11290   56-1431377

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

450 South Orange Avenue

Suite 900

Orlando, Florida

  32801
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code (407) 265-7348

Not applicable

(Former name or former address, if changed since last report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 8.01. Other Events

The exhibit listed in the following index relates to the Registration Statement on Form S-3 (No. 333-179696) of the registrant and is filed herewith for incorporation by reference into such Registration Statement.

 

Item 9.01. Financial Statements and Exhibits

 

  (d) Exhibits.

 

12.1    Computation of Ratio of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Stock Dividends


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

NATIONAL RETAIL PROPERTIES, INC.
By:  

/s/ Kevin B. Habicht

Name:   Kevin B. Habicht
Title:   Executive Vice President,
  Chief Financial Officer,
  Assistant Secretary and Treasurer

Dated: August 7, 2012

EX-12.1 2 d392453dex121.htm COMPUTATION OF RATIO OF EARNINGS Computation of Ratio of Earnings

Exhibit 12.1

NATIONAL RETAIL PROPERTIES, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

(dollars in thousands)

 

     Six Months Ended     Years Ended December 31,  
     June 30, 2012      June 30, 2011     2011      2010     2009     2008     2007  

Pretax income from continuing operations before income from equity investees

   $ 60,413       $ 41,096      $ 91,389       $ 71,249      $ 54,659      $ 89,966      $ 68,350   

Add:

                

Fixed charges (excluding capitalized interest)

     41,401         38,330        80,357         72,427        69,341        72,270        57,810   

Distributed income from equity investees

     362         285        593         578        607        438        —     
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Pretax earnings from operations, as adjusted

   $ 102,176       $ 79,711      $ 172,339       $ 144,254      $ 124,607      $ 162,674      $ 126,160   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Fixed Charges:

                

Interest on indebtedness

   $ 37,256       $ 32,603      $ 70,022       $ 61,639      $ 60,094      $ 63,746      $ 53,359   

Capitalized interest

     868         569        1,213         617        1,243        2,014        3,718   

Amortization of discount relating to indebtedness

     2,378         3,335        6,191         6,360        6,006        5,670        2,724   

Amortization of interest rate hedges

     113         (85     9         (165     (159     (162     (309

Amortization of deferred charges

     1,654         2,477        4,135         4,593        3,400        3,016        2,036   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges

   $ 42,269       $ 38,899      $ 81,570       $ 73,044      $ 70,584      $ 74,284      $ 61,528   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     2.42         2.05        2.11         1.97        1.77        2.19        2.05   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges

   $ 42,269       $ 38,899      $ 81,570       $ 73,044      $ 70,584      $ 74,284      $ 61,528   

Preferred stock dividends

     7,905         3,392        6,785         6,785        6,785        6,785        6,785   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Combined fixed charges and preferred stock dividends

   $ 50,174       $ 42,291      $ 88,355       $ 79,829      $ 77,369      $ 81,069      $ 68,313   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to combined fixed charges and preferred stock dividends

     2.04         1.88        1.95         1.81        1.61        2.01        1.85