- NNN REIT Inc’s core FFO per share for the first quarter is 86 cents, exceeding estimates and showing an increase from the previous year’s 83 cents.
- The AFFO per share is 87 cents, surpassing both the previous year’s 84 cents and the estimate of 83 cents.
- Core FFO is reported at $160.9 million, which represents a 6.2% year-over-year increase, surpassing the estimate of $154.6 million.
- Total revenue reaches $230.9 million, marking a 7.2% increase from the prior year and exceeding the estimate of $220.1 million.
- Rental income is $230.6 million, up 7.3% from the previous year and above the projected estimate of $219.8 million.
- Analyst recommendations include 4 buy ratings, 14 hold ratings, and 2 sell ratings for NNN REIT Inc.
A look at National Retail Properties Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, National Retail Properties shows a promising long-term outlook. With a strong Dividend score of 5, investors can expect reliable and consistent dividend payments from the company. The Growth and Momentum scores of 4 indicate a positive trajectory for the company’s expansion and stock performance over time. While the Value and Resilience scores are moderate at 3, suggesting stability and fair valuation, National Retail Properties seems poised for steady growth.
National Retail Properties Inc., a real estate investment trust that specializes in acquiring and managing retail properties, positions itself well for the future. Serving customers in the State of Florida, the company’s focus on diversification and management of retail assets bodes well for its long-term success. With strong scores in Dividend, Growth, and Momentum, National Retail Properties demonstrates potential for sustained performance and shareholder returns in the retail real estate sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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