NNN REIT Inc reports results for the quarter ended in September 30 - Earnings Summary

• NNN REIT Inc NNN.N reported quarterly adjusted earnings of 53 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 59 cents. The mean expectation of seven analysts for the quarter was for earnings of 49 cents per share. Wall Street expected results to range from 48 cents to 53 cents per share.

• Revenue rose 6.5% to $218.56 million from a year ago; analysts expected $215.15 million.

• NNN REIT Inc's reported EPS for the quarter was 53 cents​.

• The company reported quarterly net income of $97.72 million.

• NNN REIT Inc shares had fallen by 6.4% this quarter and gained 5.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the commercial reits peer group is "hold."

Wall Street's median 12-month price target for NNN REIT Inc is 48.13

This summary was machine generated from LSEG data November 1 at 03:46 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)