National Retail Properties (NNN) Misses Q1 EPS by 6c, Revenues Beat

National Retail Properties (NYSE: NNN) reported Q1 EPS of $0.35, $0.06 worse than the analyst estimate of $0.41. Revenue for the quarter came in at $175.06 million versus the consensus estimate of $173.96 million.

Jay Whitehurst, Chief Executive Officer, commented: "The first quarter reflected another solid, consistent performance by National Retail Properties, highlighted by fortifying our balance sheet with $700 million of well-priced long term unsecured debt and repayment of our 2022 debt maturities. Although the sudden and unexpected impact of the coronavirus pandemic and related economic turmoil has recently affected many of our tenants, we are continuing to focus on the long-term as we maintain our strong liquidity position, work with our tenants to address the reality of their business interruption, and plan ahead for the time when this turmoil is behind us."

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

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