National Retail Properties (NNN) Reports Q2 AFFO $0.65, Raises FY AFFO Guidance

National Retail Properties (NYSE: NNN) reported Q2 EPS of $0.65, $0.5 better than the prior of $0.60. Revenue for the quarter came in at $145.55 million versus the consensus estimate of $142.83 million.

GUIDANCE:

National Retail Properties sees FY2017 AFFO of $2.50-$2.54, versus the consensus of $2.49. FFO was raised to $2.46-$2.50 versus the prior range of $2.44-$2.48.

Jay Whitehurst, Chief Executive Officer, commented: "National Retail Properties enjoyed another impressive quarter, driven by our healthy portfolio, our selectively underwritten acquisitions, and our flexible, low leverage balance sheet, all of which has positioned us to raise our guidance and, as previously announced, to raise our common dividend for the 28th consecutive year, a record matched by only three other REITs and less than 90 public companies in the United States."

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

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