National Retail Properties (NNN) Tops Q1 EPS by 3c

National Retail Properties (NYSE: NNN) reported Q1 EPS of $0.40, $0.03 better than the analyst estimate of $0.37. Revenue for the quarter came in at $151.38 million versus the consensus estimate of $153.43 million.

Core FFO guidance for 2018 is $2.62 to $2.66 per share. The 2018 AFFO is estimated to be $2.66 to $2.70 per share. The Core FFO guidance equates to net earnings of $1.51 to $1.55 per share, plus $1.11 per share of expected real estate depreciation and amortization and excludes any gains from the sale of real estate and any charges for impairments and retirement severance costs. 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.

Jay Whitehurst, Chief Executive Officer, commented: "National Retail Properties continued its consistent performance in the second quarter, driven by a healthy portfolio, a strong pipeline of relationship-driven acquisitions, and continued access to attractively priced capital. We were pleased to recently announce a 5.3% increase in our dividend which will make 2018 the 29th consecutive year of increased annual dividends - a record only three publicly traded REITs can claim."

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

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