Seeking Alpha

National Retail Properties boosts guidance by a penny

  • Adjusted FFO of $62.7M up 10% Y/Y. AFFO per share of $0.51 up 4.1%.
  • Portfolio occupancy of 98.2% up from 97.8% one year ago.
  • 47 properties acquired during Q1 for $94M with initial cash yield of 7.7%. Four properties sold for $11.2M with gains on sale of $1.2M.
  • 2014 FFO guidance is boosted to $1.95-$2.00 from $1.94-$1.99 previously. AFFO guidance of $2.01-$2.06.
  • CC at 10:30 ET
  • Source: Press Release
  • Previously: National Retail Properties EPS and revenue in-line
  • NNN -1.5%
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