National Retail Props Q4 Core FFO $0.85 Up From $0.80 YoY, Sales $216.23M Beat $206.86M Estimate
Portfolio Pulse from Benzinga Newsdesk
National Retail Properties (NNN) reported a Q4 core FFO of $0.85 per share, up from $0.80 YoY, with sales of $216.23M beating the $206.86M estimate. This represents a 6.25% increase in earnings and an 8.92% increase in sales compared to the same period last year.
February 08, 2024 | 1:47 pm
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POSITIVE IMPACT
National Retail Properties reported a positive Q4 with earnings and sales surpassing last year's figures and estimates.
The reported increase in both earnings per share and sales, along with beating analyst estimates, indicates strong financial health and operational efficiency. This positive performance is likely to instill investor confidence and could lead to a short-term uptick in NNN's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100