Entering text into the input field will update the search result below

National Retail tops estimates, issues 2017 guidance

Nov. 03, 2016 8:55 AM ETNNN REIT, Inc. (NNN) StockNNNBy: Stephen Alpher, SA News Editor
  • Q3 core FFO of $87.2M or $0.59 per share vs. $78M and $0.58 one year ago. AFFO of $0.61 vs. $0.59. Expectations were for $0.60.
  • Portfolio occupancy of 99% down 10 basis points from last quarter.
  • Put $127.8M to work with 38 acquisitions purchased totaling 350K square feet, and at an initial cash yield of 7.1%. Sold seven properties for $10.6M, booking $4.5M of gains on sales.
  • Raised $334.3M with preferred share sale at just 5.2% yield (2nd-lowest preferred dividend rate in REIT history, according to management).
  • Full-year AFFO guidance of $2.46-$2.52 per share.
  • Conference call at 10:30 ET
  • NNN flat premarket
  • National Retail Properties Earnings Center

Recommended For You

More Trending News

About NNN Stock

SymbolLast Price% Chg
FFO (FWD)
PE
Div Rate (TTM)
Yield (TTM)
Market Cap
Volume
Compare to Peers

Related Stocks

SymbolLast Price% Chg
NNN--
NNN REIT, Inc.