NNN REIT Inc NNN.N reported quarterly adjusted earnings of 54 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 58 cents. The mean expectation of eight analysts for the quarter was for earnings of 49 cents per share. Wall Street expected results to range from 48 cents to 49 cents per share.
Revenue rose 4.6% to $226.80 million from a year ago; analysts expected $223.30 million.
NNN REIT Inc's reported EPS for the quarter was 54 cents.
The company reported quarterly net income of $105.53 million.
NNN REIT Inc shares had fallen by 0.3% this quarter and gained 5.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 13 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is "buy."
Wall Street's median 12-month price target for NNN REIT Inc is $44.00, about 2.2% above its last closing price of $43.05
This summary was machine generated from LSEG data August 5 at 02:30 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)