National Retail Properties (NNN) Reports In-Line Q1 FFO

National Retail Properties (NYSE: NNN) reported Q1 FFO of $0.60, in-line with the analyst estimate of $0.60. Revenue for the quarter came in at $141.4 million versus the consensus estimate of $141.5 million.

GUIDANCE:

National Retail Properties sees FY2017 EPS of $2.44-$2.48.

• The 2017 AFFO is estimated to be $2.48 to $2.52 per share. The Core FFO guidance equates to net earnings of $1.37 to $1.41 per share, plus $1.07 per share of expected real estate depreciation and amortization and excludes any gains from the sale of real estate and any charges for impairments, retirement severance costs, or preferred stock redemption charges. The guidance is based on current plans and assumptions and subject to risks and uncertainties more fully described in this press release and the company's reports filed with the Securities and Exchange Commission.

For earnings history and earnings-related data on National Retail Properties (NNN) click here.

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