NNN REIT, INC. — Director's Dealing 2011

Nov 2, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL RETAIL PROPERTIES, INC. (NNN)
CIK: 0000751364
Period of Report: 2011-10-31

Reporting Person: JENNINGS RICHARD B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-31	Common Stock	A	460	$27.30	Acquired	46098	Direct
2011-10-31	Common Stock	A	733	$27.30	Acquired	46831	Direct

Footnotes

F1: Shares were acquired pursuant to a stock award under the National Retail Properties 2007 Performance Incentive Plan in a transaction 16-b.

F2: Reflects the deferral under the Plan and conversion into stock units of compensation otherwise payable for Board and Committee services.