National Retail Properties boosts guidance by a penny

|About: National Retail Properti... (NNN)|By:, SA News Editor

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

Previously: National Retail Properties EPS and revenue in-line

NNN -1.5%