NNN REIT's Q3 Adjusted Funds From Operations, Revenue Rise; Fiscal 2024 Non-GAAP FFO Guidance Revised

MT Newswires Live10-31

NNN REIT (NNN) reported Q3 adjusted funds from operations Thursday of $0.84 per diluted share, up from $0.82 a year earlier.

Analysts polled by Capital IQ expected $0.84.

Revenue for the quarter ended Sept. 30 was $218.6 million, compared with $205.1 million a year earlier.

Analysts surveyed by Capital IQ expected $215.3 million.

For 2024, the real estate investment trust said it expects adjusted FFO of $3.31 to $3.35 per share, compared with its prior guidance of between $3.31 and $3.37.

Analysts polled by Capital IQ expect $3.36.

Price: 45.27, Change: -0.13, Percent Change: -0.29

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