NATIONAL RETAIL PROPERTIES
Sector: Indices SP 600
Latest Quote @ Sat May 5 10:59:15 (15 min delayed)
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Commercial Net Lease Realty, Inc. operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, engages in the acquisition, ownership, investment, management, and development of primarily single tenant retail properties. It leases these properties primarily to tenants under long term commercial net leases. The company also acquires and develops real estate directly and indirectly through investment interests primarily for the purpose of selling the real estate to purchasers. As of June 30, 2005, Commercial Net Lease Realty owned 427 investment properties in 40 states with a gross leasable area of approximately 8.8 million square feet. It has elected to be treated as a REIT for federal income tax purposes and would not be subject to income tax, if it distributes at least 90% of its taxable income to its shareholders. The company was formed in 1984 and is based in Orlando, Florida.