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) |
Registrants 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
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 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|