Vice President of Corporate Communications & Investor Relations, Nnn Reit
Search every verified Christopher Barry interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Christopher Barry, Vice President of Corporate Communications & Investor Relations at National Retail Properties (NNN REIT), appeared in two interviews on September 17, 2020, to discuss the company's structure and the benefits of investing in real estate investment trusts (REITs). Barry stated that National Retail Properties invests in freestanding retail stores on a triple net lease basis, where tenants pay taxes, maintenance, and insurance costs. He noted that the company owns a portfolio of 3,043 stores across 48 states with more than 400 tenants and 37 lines of trade, which he said helps diversify and mitigate risk. Barry highlighted the company's financial performance, stating that it increased its annual dividend for 30 consecutive years, which he described as the third longest track record of annual dividend increases in the REIT universe. He added that the company has grown its portfolio by averaging about $600 million in new properties each year and has grown its funds from operations (FFO) by an average of 6% since 2013. Barry also discussed the company's workforce, noting that it has 268 employees with an average tenure of 11 years and senior management averaging 19 years, which he said provides institutional knowledge.
“REITs were created in 1960 under the Eisenhower administration as a way for individual investors to come on commercial real estate without having the money to buy a building. They can buy a stock in these companies that own professionally managed properties, gaining the benefits and liquidity of a public stock.”
“Our ticker symbol actually stands for triple net, and that means paying taxes to make decisions.”
“In 2019, we marked our 30th consecutive annual dividend increase. We are very proud of it as a third one is annually than it.”
“Our 25 year average annual return is strong, showing the long-term value REITs can provide to investors.”
“The easiest way to invest in our company is by buying our stock on the stock exchange. There is no minimum investment; you can buy shares at the current market price.”
“National Retail Properties invests in freestanding retail stores specifically, with one building and one tenant, and we own our properties on a triple net lease basis, which means tenants pay the taxes, maintenance, and insurance costs at the property level.”
“We own a portfolio of 3,043 stores spread across 48 states with more than 400 different tenants and 37 different lines of trade, which helps us diversify the portfolio and mitigate risk.”
“We've increased our annual dividend for 30 consecutive years, which is the third longest track record of annual dividend increases in the REIT universe.”
“We have a conservative balance sheet and have been very consistent with our conservative use of leverage.”
“We have grown our portfolio through the years, averaging about 600 million dollars in new properties each year, adding to the portfolio steadily.”
“We've grown our REIT earnings, or funds from operations (FFO), on average 6% since 2013, showing steady and consistent company performance.”
“Our company has a stable workforce with 268 employees, an average tenure of 11 years, and senior management averaging 19 years, which provides a lot of institutional knowledge.”
Chris Barry describes the logic and history behind real-estate investment trusts (REITs). These unique investments allow traders ...
Chris Barry discusses the benefits of real-estate investment trusts (REITs). Why an investment in free-standing retail properties ...
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