National Retail Properties Boosts FY21 Outlook - Quick Facts

While reporting financial results for the first quarter on Tuesday, real estate investment trust National Retail Properties, Inc. (NNN) raised its Core FFO, AFFO and net earnings guidance for the full-year 2021, based on continued high occupancy, strong rent collections, solid quarter of acquisitions, and fortress-like balance sheet.

For fiscal 2021, the company now projects core FFO in a range of $2.70 to $2.75 per share, AFFO in a range of $2.91 to $2.96 per share and net earnings in a range of $1.56 to $1.61 per share.

Previously, the company expected core FFO in the range of $2.55 to $2.62 per share, AFFO in the range of $2.77 to $2.84 per share and net earnings in the range of $1.42 to $1.49 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.44 per share for the year. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration approved Boehringer Ingelheim Pharmaceuticals, Inc.'s Pradaxa (dabigatran etexilate) oral blood thinning medication for children. Pradaxa is the first FDA-approved blood thinning medication that children can take by mouth. The only other approved blood thinning medication for children is given by injection. Amazon.com Inc.'s two-day Prime Day event is happening now with more than 2 million deals on offer. The e-commerce giant's biggest shopping extravaganza of the year started June 21 at 3 a.m. EDT and runs for 48 hours, through June 22. Prime Day 2021 will feature the largest number of deals ever offered in the seven year history of the Prime Day Celebrations. New deals are being launched throughout The European Commission announced Tuesday that it has opened a formal antitrust investigation to assess whether Google has violated EU competition rules by favoring its own online display advertising technology services in the so called "ad tech" supply chain, to the detriment of competing providers...
Follow RTT