National Retail Properties (NNN) announces 2020 dividend tax status.

National Retail Properties (NNN) announced today that 80.2% of its 2020 common stock dividends ($2.07) would be taxable as ordinary income, and that 19.8% would represent a return of capital.  The non-taxable portion of the 2020 dividend represents an increase from the 12-13% range of prior years.  According to REIT/BASE, the increase is likely due to rent collection issues with certain tenants related to COVID-19, which resulted in lower taxable income levels versus prior years.

Established in 1990, National Retail Properties is an equity REIT specializing in the acquisition and ownership of retail properties leased to large retail chains. NNN has a total market capitalization of approximately $9.6 billion and is a member of the S&P 400 MidCap index.