National Retail Properties (NNN) Misses Q4 EPS by 5c, Revenues Beat; Offers FY20 EPS Mid-Point Guidance Above Consensus

National Retail Properties (NYSE: NNN) reported Q4 EPS of $0.34, $0.05 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $173.38 million versus the consensus estimate of $171.02 million.

Jay Whitehurst, Chief Executive Officer, commented: "2019 was a year of significant milestones for National Retail Properties: our 35th year in business; our 25th year listed on the New York Stock Exchange, and most importantly, our 30th year of consecutive annual dividend increases. Our steady execution continued to produce impressive outcomes. Our Core FFO per share increased by 4.2% over 2018 and our long-term total shareholder returns continued to exceed the REIT averages while, in our opinion, taking below average risk. Moreover, the continued execution of our long-term focused business plan positions National Retail Properties to continue this enviable track record of consistent performance into 2020 and beyond."

GUIDANCE:

National Retail Properties sees FY2020 EPS of $1.70-$1.74, versus the consensus of $1.71.

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

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