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Here's What Key Metrics Tell Us About NNN REIT (NNN) Q1 Earnings
Zacks Investment Research· 2024-05-02 02:01
For the quarter ended March 2024, NNN REIT (NNN) reported revenue of $214.83 million, up 5.5% over the same period last year. EPS came in at $0.84, compared to $0.50 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $213.22 million, representing a surprise of +0.75%. The company delivered an EPS surprise of +1.20%, with the consensus EPS estimate being $0.83.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...
NNN REIT(NNN) - 2024 Q1 - Earnings Call Transcript
2024-05-01 16:48
NNN REIT, Inc. (NYSE:NNN) Q1 2024 Results Conference Call May 1, 2024 10:30 AM ET Company Participants Steve Horn - Chief Executive Officer Kevin Habicht - Chief Financial Officer Conference Call Participants Joshua Dennerlein - Bank of America Brad Heffern - RBC Capital Markets Smedes Rose - Citi Spenser Allaway - Green Street Linda Tsai - Jefferies John Massocca - B. Riley Securities Ronald Kamdem - Morgan Stanley Operator Greetings. Welcome to the NNN REIT, Inc. First Quarter 2024 Earnings Call. At this ...
NNN REIT (NNN) Q1 FFO and Revenues Top Estimates
Zacks Investment Research· 2024-05-01 14:40
NNN REIT (NNN) came out with quarterly funds from operations (FFO) of $0.84 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to FFO of $0.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 1.20%. A quarter ago, it was expected that this retail real estate investment trust would post FFO of $0.82 per share when it actually produced FFO of $0.82, delivering no surprise.Over the last four quarters, the ...
NNN REIT(NNN) - 2024 Q1 - Quarterly Report
2024-05-01 12:34
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission file number 001-11290 NNN REIT, INC. (Exact name of registrant as specified in its charter) Maryland 56-1431377 (State or other jurisdiction of (I.R.S. ...
NNN REIT(NNN) - 2024 Q1 - Quarterly Results
2024-05-01 12:32
Exhibit 99.1 NEWS RELEASE For information contact: Kevin B. Habicht Chief Financial Officer (407) 265-7348 FOR IMMEDIATE RELEASE May 1, 2024 FIRST QUARTER 2024 OPERATING RESULTS ANNOUNCED BY NNN REIT, INC. Orlando, Florida, May 1, 2024 – NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced its operating results for the quarter ended March 31, 2024. Highlights include: Operating Results: • Revenues and net earnings, FFO, Core FFO and AFFO and diluted per share amounts: Quarter Ended Ma ...
FIRST QUARTER 2024 OPERATING RESULTS ANNOUNCED BY NNN REIT, INC.
Prnewswire· 2024-05-01 12:30
ORLANDO, Fla., May 1, 2024 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN), a real estate investment trust, today announced its operating results for the quarter ended March 31, 2024. Highlights include: Operating Results: Revenues and net earnings, FFO, Core FFO and AFFO and diluted per share amounts: Quarter EndedMarch 31, 2024 2023 (dollars in thousands, except per share data) Revenues $ 215,407 $ 204,108 Net earnings $ 94,371 $ 90,167 <td colspa ...
NNN REIT: A High-Quality REIT To Buy Now On Sale
Seeking Alpha· 2024-04-28 11:30
A restaurant waitress serves guests. alvarez/E+ via Getty Images Hard truths. Some people avoid them. Some people find liberation in them. I tend to fit in the latter group. One of the tougher truths of life that applies to personal finances is as follows: As long as there is life, bills tend to follow not far behind. Upon entering adulthood, this becomes a distressing reality for many. Unless somebody has someone who sets them up with a carefully constructed multi-million-dollar trust fund, they will pro ...
NNN: Good Diversification, Good Debt Profile And Good Valuation
Seeking Alpha· 2024-04-27 06:09
Funtap Thesis Given the current macroeconomic environment and high interest rates REITs have taken a hit on their valuations. NNN REIT Inc (NYSE:NNN) is a REIT that offers good diversification amongst sectors and tenants, have good debt management as well as debt maturity profile and trades at an attractive valuation which makes NNN a buy. Introduction and Performance NNN is a real estate investment trust (REIT) with a well diversified portfolio of triple net leased properties across the United States. ...
NNN REIT(NNN) - 2023 Q4 - Earnings Call Transcript
2024-02-08 18:48
NNN REIT, Inc. (NYSE:NNN) Q4 2023 Earnings Conference Call February 8, 2024 10:30 AM ET Company Participants Steve Horn – Chief Executive Officer Kevin Habicht – Chief Financial Officer Conference Call Participants Spenser Allaway – Green Street Farrell Granath – Bank of America Smedes Rose – Citi Alec Feygin – Baird Linda Tsai – Jefferies Ronald Kamdem – Morgan Stanley Connor Siversky – Wells Fargo John Massocca – B. Riley Operator Greetings. Welcome to the NNN REIT Inc. Q4 and Year-End 2023 Earnings Confe ...
NNN REIT(NNN) - 2023 Q4 - Annual Report
2024-02-08 13:33
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to . Commission file number 001-11290 NNN REIT, INC. (Exact name of registrant as specified in its charter) Maryland 56-1431377 (State or other jurisdiction o ...