earnings
confidence high
sentiment positive
materiality 0.65
NNN Q2 FFO $0.70/share; raises 2021 Core FFO guidance to $2.75-$2.80
NNN REIT, INC.
2021-Q2 EPS reported
$0.69
revenue$358,789,000
- Revenue $179M, net earnings $68.5M ($0.39 diluted EPS).
- FFO $0.70/share; Core FFO $0.70/share; AFFO $0.77/share (ex-deferral repayments $0.72).
- 2021 Core FFO guidance raised from $2.70-$2.75 to $2.75-$2.80 per share.
- Portfolio occupancy 98.3%; acquired 29 properties for $102.9M at 6.7% cash yield.
- Collected ~99% of Q2 2021 rent; had $249.6M cash and no credit line draw.