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

NNN REIT

01/11/2023 14:13

* NNN REIT Inc  NNN.N  reported quarterly adjusted earnings
of 59
cents​​ per share for the quarter ended in September, 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 47 cents per share. Wall Street
expected results to range from 46 cents to 51 cents per share.
    * Revenue rose 6% to $205.13 million from a year ago;
analysts
expected $204.70 million. 
    * NNN REIT Inc's reported EPS for the quarter was 59 cents​.
    * The company reported quarterly net income of $106.79
million.
    * NNN REIT Inc shares had risen by 2.8% this quarter and
lost 20.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
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," 7
"hold" and 2 "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
$43.00 
This summary was machine generated from LSEG data November 1 at
02:12 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.80           0.81           Beat
 Jun. 30 2023      0.80           0.80           Met
 Mar. 31 2023      0.79           0.80           Beat
 Dec. 31 2022      0.79           0.80           Beat