NNN Q3 FFO $0.79; raises 2022 Core FFO guidance to $3.11-$3.15

NNN REIT, INC.

2022-Q3 EPS reported $1.38 revenue$574,533,000

Q3 revenue $193.5M, net earnings $88.4M ($0.50 diluted EPS).
Core FFO per share $0.79; AFFO per share $0.81 (ex-COVID deferral repayments $0.80).
Occupancy 99.4%; acquired $223.1M in 52 properties at 6.3% initial yield.
2022 Core FFO guidance raised from $3.07-$3.12 to $3.11-$3.15 per share.
Only $50M drawn on $1.1B line of credit; no material 2023 debt maturities.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NNN REIT, INC. updated its the quarter and nine months ended September 30, 2022 guidance (raised).

Period: the quarter and nine months ended September 30, 2022
Guidance: raised
Result: reported results

Exact text from the filing

On November 2, 2022, National Retail Properties, Inc. issued a press release announcing its results of operations and financial condition for the quarter and nine months ended September 30, 2022.

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NNN REIT, INC. filing history →

Source: SEC EDGAR

accession 0000950170-22-020983

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