National Retail Properties ( (NNN) ) has released its Q4 earnings. Here is a breakdown of the information National Retail Properties presented to its investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
National Retail Properties, also known as NNN REIT, Inc., is a real estate investment trust that invests primarily in high-quality retail properties subject to long-term, net leases across the United States. With over 3,500 properties in 49 states, NNN is distinguished by its lengthy track record of annual dividend increases, marking 35 consecutive years.
The company has reported its financial results for the year ending December 31, 2024, showcasing a stable performance with increases in key financial metrics. Notably, NNN REIT achieved a revenue of $869.3 million and net earnings of $396.8 million for the year, reflecting a steady growth trajectory.
Key highlights from the report include a 2.5% increase in Funds From Operations (FFO) per share and a 2.8% rise in Adjusted Funds From Operations (AFFO) per share compared to the previous year. The company also maintained a high occupancy rate of 98.5% and executed significant property investments worth $565.4 million. NNN REIT continued its tradition of dividend growth, offering a 5.6% yield with an annual dividend per share of $2.29.
Looking ahead, NNN REIT has set its 2025 guidance with Core FFO per share expected to range between $3.33 and $3.38, and AFFO per share projected between $3.39 and $3.44. The company remains well-positioned for future acquisitions with a strong balance sheet, including a zero balance on its revolving credit facility.
As NNN REIT moves forward, the company is poised to leverage its robust financial standing and extensive property portfolio to capitalize on new opportunities in the retail real estate market, as indicated by its management.
