earnings
confidence high
sentiment positive
materiality 0.75
NNN reports record 2022 Core FFO growth of 9.8%; raises dividend for 33rd consecutive year
NNN REIT, INC.
2022-FY EPS reported
$1.89
revenue$773,053,000
- Full-year Core FFO per share $3.14, up 9.8% YoY; AFFO per share $3.21.
- Q4 Core FFO $0.80 per share vs $0.75 in Q4 2021; net earnings $0.50 per share.
- Annual dividend raised to $2.16 per share, marking 33rd consecutive annual increase.
- 2023 Core FFO guidance $3.14-$3.20 per share; AFFO guidance $3.19-$3.25 per share.
- Portfolio occupancy 99.4% at Dec 31 with weighted avg lease term of 10.4 years.