earnings
confidence high
sentiment positive
materiality 0.70
National Retail Properties Q2 Core FFO rises to $0.79/share; raises 2022 guidance
NNN REIT, INC.
2022-Q2 EPS reported
$0.89
revenue$381,062,000
- Q2 2022 revenues $190.8M, net earnings $74.2M ($0.42 EPS); Core FFO $0.79/share vs $0.70 YoY.
- Occupancy 99.1%; acquired 43 properties for $153.8M at 6.2% initial cash yield.
- Raised 2022 Core FFO guidance to $3.07-$3.12/share from $3.01-$3.08.
- AFFO per share $0.81 for Q2, up from $0.77 in Q2 2021.
- Dividend increased ~4% to $0.55/share, marking 33rd consecutive annual increase.