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

NNN REIT

01/05/2024 15:26

* NNN REIT Inc  NNN.N  reported quarterly adjusted earnings
of 52
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 50
cents.  The mean expectation of six analysts for the quarter was
for earnings of 49 cents per share. Wall Street expected
results to range from 47 cents to 51 cents per share.
    * Revenue rose 5.5% to $215.41 million from a year ago;
analysts
expected $211.46 million. 
    * NNN REIT Inc's reported EPS for the quarter was 52 cents​.
    * The company reported quarterly net income of $94.37
million.
    * NNN REIT Inc shares had fallen by 5.2% this quarter and
lost 6.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 8
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "hold"

Wall Street's median 12-month price target for NNN REIT Inc is
$44.00 
This summary was machine generated from LSEG data May 1 at 02:25
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
 Mar. 31 2024      0.82           0.83           Beat
 Dec. 31 2023      0.81           0.85           Beat
 Sep. 30 2023      0.80           0.81           Beat
 Jun. 30 2023      0.80           0.80           Met