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National Retail Properties (NNN)
NYSE:NNN
RESEARCH TOOLSreports
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.48Last Year’s EPS
0.52Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: 8.25%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a company in a stable position with solid performance in acquisitions, dividend growth, and maintaining a high occupancy rate. However, challenges with tenant bankruptcies and flat quarterly growth metrics were noted. The sentiment is balanced with optimistic guidance and a strong balance sheet offsetting the tenant-related issues.Company Guidance
In the NNN REIT, Inc. Fourth Quarter 2024 Earnings Call, several key metrics were highlighted, reflecting their strategic performance in 2024 and guiding expectations for 2025. NNN REIT reported a 1.8% growth in core FFO for 2024 and a strong acquisition volume of over $550 million, maintaining an occupancy rate of 98.5%. Dispositions were executed at a cap rate 40 basis points lower than acquisition yields, contributing to a robust portfolio. The company anticipates between $500 million to $600 million in acquisitions and $80 million to $120 million in dispositions for 2025. The weighted average debt maturity stands at 12.1 years, and the AFFO dividend payout ratio for 2024 was 68.2%. Core FFO per share is forecasted to be between $3.33 and $3.38 for 2025, with AFFO per share expected within $3.39 to $3.44. The guidance reflects strategic goals such as maintaining long-term value and a top-tier payout ratio, alongside a disciplined acquisition and disposition strategy.Steady Core FFO and AFFO Growth
NNN delivered 1.8% core FFO growth for 2024 and a 2.8% increase in AFFO per share, in line with expectations and at the top of the previous guidance range.
High Occupancy Rate
The year concluded with a strong 98.5% occupancy rate, reflecting successful management despite challenges.
Successful Acquisitions and Dispositions
NNN invested $217 million in 31 new properties with an initial cap rate of 7.6% and sold nearly $150 million at a 7.3% cap, optimizing the portfolio through strategic acquisitions and dispositions.
Strong Balance Sheet and Liquidity
NNN ended the year with no outstanding amounts on a $1.2 billion bank line, maintaining a healthy leverage position with a net debt to gross book assets ratio of 40.5%.
Dividend Increase Streak
The company achieved 35 consecutive years of annual dividend increases, emphasizing shareholder value.
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NNN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NNN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | $38.06 | $40.24 | +5.73% |
| Oct 31, 2024 | $44.74 | $42.80 | -4.34% |
| Aug 01, 2024 | $43.68 | $44.74 | +2.43% |
| May 01, 2024 | $38.94 | $39.09 | +0.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does National Retail Properties (NNN) report earnings?
National Retail Properties (NNN) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is National Retail Properties (NNN) earnings time?
National Retail Properties (NNN) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NNN EPS forecast?
NNN EPS forecast for the fiscal quarter 2025 (Q1) is 0.48.
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