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NNN REIT (NNN) Q1 FFO and Revenues Surpass Estimates
ZACKS· 2025-05-01 14:46
NNN REIT (NNN) came out with quarterly funds from operations (FFO) of $0.87 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to FFO of $0.84 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 4.82%. 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 ...
Medical Properties (MPW) Lags Q1 FFO and Revenue Estimates
ZACKS· 2025-05-01 14:15
Medical Properties (MPW) came out with quarterly funds from operations (FFO) of $0.14 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to FFO of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -6.67%. A quarter ago, it was expected that this health care real estate investment trust would post FFO of $0.16 per share when it actually produced FFO of $0.18, delivering a surprise of 12.50%.Over th ...
Kimco Realty (KIM) Beats Q1 FFO and Revenue Estimates
ZACKS· 2025-05-01 13:00
Kimco Realty (KIM) came out with quarterly funds from operations (FFO) of $0.44 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to FFO of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 4.76%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.42 per share when it actually produced FFO of $0.42, delivering no surprise.Over the last four quarters, the co ...
NNN REIT, Inc. Announces First Quarter 2025 Results and Maintains 2025 Guidance
Prnewswire· 2025-05-01 12:30
ORLANDO, Fla., May 1, 2025 /PRNewswire/ -- NNN REIT, Inc. (NYSE: NNN) (the "Company" or "NNN"), a real estate investment trust, today announced financial and operating results for the quarter ended March 31, 2025. Highlights include:First Quarter 2025 Highlights: Net earnings of $0.51 per diluted share Grew Core FFO and AFFO per diluted share by 3.6% over prior year results, to $0.86 and $0.87, respectively Increased ABR by 5.2% over the prior year result Closed on $232.4 million of investments, at an initi ...
Whitestone REIT(WSR) - 2025 Q1 - Earnings Call Transcript
2025-05-01 12:30
Whitestone REIT (WSR) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Speaker0 Ladies and gentlemen, greetings, and welcome to the Whitestone REIT First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, David Modi, Director of Investor Relations. Please go ahead. Speaker1 Good morni ...
LXP Industrial (LXP) Meets Q1 FFO Estimates
ZACKS· 2025-05-01 12:10
LXP Industrial (LXP) came out with quarterly funds from operations (FFO) of $0.16 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.16 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this real estate investment trust would post FFO of $0.16 per share when it actually produced FFO of $0.16, delivering no surprise.Over the last four quarters, the company has not been able to surpass consensus FFO estimates.LXP Industri ...
Kimco Realty® Announces First Quarter 2025 Results
Globenewswire· 2025-05-01 10:50
Core Insights - Kimco Realty raised its 2025 outlook due to strong growth in net income and funds from operations (FFO) [1][10] - The company reported a 3.9% increase in same property net operating income (NOI) and better-than-expected credit loss performance [1][4] - Kimco signed over four million square feet in leases, achieving new lease spreads approaching 49% [1][11] - The company reached its strategic target of deriving 85% of annual base rent from grocery-anchored properties [1][4] Financial Performance - For Q1 2025, net income available to common shareholders was $125.1 million, or $0.18 per diluted share, compared to a loss of $18.9 million, or ($0.03) per diluted share in Q1 2024 [4][21] - FFO for Q1 2025 was $301.9 million, or $0.44 per diluted share, reflecting a 12.8% increase from $261.8 million, or $0.39 per diluted share in Q1 2024 [6][24] - Consolidated revenues from rental properties increased by $32.4 million, primarily due to higher minimum rent and increased reimbursement income [5][21] Leasing and Occupancy - The company signed 583 leases totaling 4.4 million square feet in Q1 2025, with blended pro-rata cash rent spreads of 13.3% [11] - Pro-rata leased occupancy was 95.8%, with a slight anticipated reduction due to vacating leases [11] - Pro-rata small shop occupancy increased to 91.7%, while pro-rata anchor occupancy was at 97.4% [11] Strategic Initiatives - Kimco completed nine grocery leases, including a significant agreement with Sprouts Farmers Market, enhancing future cash flow visibility [3][4] - The company expanded its pipeline of near-term rent commencements to $60 million of annual base rent from signed leases [4][11] - Kimco acquired The Markets at Town Center, a 254,000-square-foot grocery-anchored property in Jacksonville, Florida, for $108 million [4][11] Capital Management - The company ended Q1 2025 with $2.0 billion in immediate liquidity, including $1.9 billion available on its unsecured revolving credit facility [11] - Subsequent to the quarter end, Kimco repurchased 3.0 million shares at an average price of $19.61 per share [11] - The board declared a quarterly cash dividend of $0.25 per common share, payable on June 20, 2025 [11]
Broadstone(BNL) - 2025 Q1 - Earnings Call Presentation
2025-05-01 10:34
Q1 2025 QUARTERLY SUPPLEMENTAL INFORMATION Broadstone Net Lease, Inc. (NYSE: BNL) is an industrial- focused, diversified net lease real estate investment trust (REIT) that invests in single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. www.broadstone.com Table of Contents | Section | Page | | --- | --- | | About the Data | 3 | | Company Overview | 4 | | Quarterly Financial Summary | 5 | | Balance Sheet | 6 | | Income Statement Summary | ...
Postal Realty Trust (PSTL) Q1 FFO and Revenues Surpass Estimates
ZACKS· 2025-05-01 01:40
Group 1 - Postal Realty Trust (PSTL) reported quarterly funds from operations (FFO) of $0.32 per share, exceeding the Zacks Consensus Estimate of $0.30 per share, and up from $0.25 per share a year ago, representing a 6.67% surprise [1] - The company achieved revenues of $22.15 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.80%, compared to $17.29 million in the same quarter last year [2] - Over the last four quarters, Postal Realty Trust has consistently surpassed consensus FFO and revenue estimates [2] Group 2 - The stock has increased approximately 1.2% since the beginning of the year, while the S&P 500 has declined by 5.5% [3] - The future performance of Postal Realty Trust's stock will largely depend on management's commentary during the earnings call and the outlook for FFO [4][6] - The current consensus FFO estimate for the upcoming quarter is $0.29 on revenues of $21.46 million, and for the current fiscal year, it is $1.19 on revenues of $87.11 million [7] Group 3 - The Zacks Industry Rank indicates that the REIT and Equity Trust - Other sector is currently in the bottom 36% of over 250 Zacks industries, which may impact stock performance [8] - Clipper Realty Inc. (CLPR), another company in the same industry, is expected to report quarterly earnings of $0.16 per share, reflecting a year-over-year increase of 14.3% [9]
Whitestone (WSR) Beats Q1 FFO Estimates
ZACKS· 2025-04-30 23:30
Whitestone (WSR) came out with quarterly funds from operations (FFO) of $0.25 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to FFO of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 4.17%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.26 per share when it actually produced FFO of $0.28, delivering a surprise of 7.69%.Over the last four quarters, ...