Comments Off on Record First Quarter 2018 Operating Results and Increased 2018 Guidance Announced by National Retail Properties, Inc.

Orlando, Florida, May 1, 2018 – National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced its operating results for the quarter ended March 31, 2018.  Highlights include:

 

Operating Results:

  • Revenues and net earnings, FFO, Core FFO and AFFO available to common stockholders and diluted per share amounts:
Quarter Ended
March 31,
2018 2017
(in thousands, except per share data)
Revenues $ 152,836 $ 141,432
Net earnings available to common stockholders $ 94,698 $ 51,622
Net earnings per common share $ 0.62 $ 0.35
FFO available to common stockholders $ 102,769 $ 78,267
FFO per common share $ 0.67 $ 0.53
Core FFO available to common stockholders $ 103,030 $ 88,122
Core FFO per common share $ 0.67 $ 0.60
AFFO available to common stockholders $ 102,880 $ 89,045
AFFO per common share $ 0.67 $ 0.60

 

First Quarter 2018 Highlights:

  • FFO per common share increased 26.4% over prior year results
  • Core FFO per common share increased 11.7% over prior year results
  • AFFO per common share increased 11.7% over prior year results
  • Portfolio occupancy was 99.2% at March 31, 2018 as compared to 99.1% on December 31, 2017 and March 31, 2017
  • Invested $177.0 million in property investments, including the acquisition of 52 properties with an aggregate 400,000 square feet of gross leasable area at an initial cash yield of 6.7%
  • Sold 15 properties for $71.6 million producing $38.6 million of gains on sales
  • No common shares were issued under the ATM equity program

CLICK HERE to see the full press release.

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