Financial PerformanceThe company's quarterly AFFO results are in-line with expectations, and the full-year guidance is above consensus.
Liquidity PositionThe company is in a good liquidity position, with approximately $200 million of cash and $1.2 billion available on their revolving credit facility.
Portfolio ManagementNNN is making strong progress with Frisch's and Badcock re-leasing pace and rent recapture, driving better-than-expected AFFO/sh guidance and an upside move in the stock.