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

National Retail Properties' (NNN) CEO Jay Whitehurst on Q3 2017 Results - Earnings Call Transcript

Nov. 02, 2017 2:56 PM ETNNN REIT, Inc (NNN)
SA Transcripts profile picture
SA Transcripts

National Retail Properties, Inc. (NYSE:NNN) Q3 2017 Earnings Conference Call November 2, 2017 10:30 AM ET


Jay Whitehurst - CEO

Kevin Habicht - CFO


Nick Joseph - Citigroup

Dan Donlan - Ladenburg Thalmann

David Corak - B. Riley

Joshua Dennerlein - Bank of America Merrill Lynch

Jason Belcher - Wells Fargo


Greetings, and welcome to the National Retail Properties Third Quarter 2017 Operating Results Conference. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Mr. Jay Whitehurst, CEO. Thank you. Mr. Whitehurst, you may begin.

Jay Whitehurst

Thank you, Tim. Good morning and welcome to the National Retail Properties third quarter 2017 earnings release call. Joining me on this call is our Chief Financial Officer, Kevin Habicht. After some opening remarks, I'll turn the call over to Kevin to discuss our financial results in more detail.

National Retail Properties continues to post consistent strong results, generating meaningful growth in core FFO per share over the prior year. We're increasing our guidance for 2017 core FFO per share to a range of $2.51 to $2.53, which reflects a projected increase at the midpoint of 7.2% over 2016 actual results. Details of that guidance can be found on page 6 of today's earnings press release. As you've heard us say many times, our focus is on per share growth rather than absolute size and we're especially pleased to have achieved these solid results, while continuing to be highly selective in our underwriting and investment decisions.

Our portfolio of almost 2700 single tenant retail properties remains very healthy. Our tenants' businesses are generally focused on providing customer services, customer experiences or e-commerce

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.