NNN REIT Inc reports results for the quarter ended in June - Earnings Summary

NNN REIT

01/08/2024 15:31

* NNN REIT Inc  NNN.N  reported quarterly adjusted earnings
of 58
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 54
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 49 cents per share. Wall Street expected
results to range from 48 cents to 50 cents per share.
    * Revenue rose 7% to $216.81 million from a year ago;
analysts
expected $212.70 million. 
    * NNN REIT Inc's reported EPS for the quarter was 58 cents​.
    * The company reported quarterly net income of $106.67
million.
    * NNN REIT Inc shares had risen by 5.4% this quarter and
gained 4.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 10
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is  "hold."

Wall Street's median 12-month price target for NNN REIT Inc is
$44.50 
This summary was machine generated from LSEG data August 1 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.82           0.83           Beat
 Mar. 31 2024      0.82           0.83           Beat
 Dec. 31 2023      0.81           0.85           Beat
 Sep. 30 2023      0.80           0.81           Beat