- 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