NNN REIT (NNN) Q1 FFO and Revenues Surpass Estimates

Group 1 - NNN REIT reported quarterly funds from operations (FFO) of $0.87 per share, exceeding the Zacks Consensus Estimate of $0.83 per share, and up from $0.84 per share a year ago, representing an FFO surprise of 4.82% [1] - The company posted revenues of $230.57 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.10%, compared to year-ago revenues of $214.83 million [2] - NNN REIT has outperformed the S&P 500, with shares adding about 0.6% since the beginning of the year, while the S&P 500 declined by 5.3% [3] Group 2 - The current consensus FFO estimate for the coming quarter is $0.85 on revenues of $223.9 million, and for the current fiscal year, it is $3.40 on revenues of $903.58 million [7] - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the bottom 35% of over 250 Zacks industries, indicating potential challenges for the sector [8] - NNN REIT has surpassed consensus FFO estimates two times over the last four quarters and topped consensus revenue estimates four times in the same period [2]