NNN REIT Q2 revenue beats estimates, raises 2025 guidance
Overview
NNN REIT Q2 2025 revenue beats analyst expectations, per LSEG data
Grew Core FFO and AFFO per diluted share by 1.2% over prior year results, to $0.84 and $0.85, respectively
Company raises 2025 acquisition volume guidance by $100 mln
Outlook
NNN REIT raises 2025 Core FFO guidance to $3.34-$3.39 per share
Company increases 2025 AFFO guidance to $3.40-$3.45 per share
NNN REIT ups 2025 acquisition volume guidance to $600-$700 mln
Company raises 2025 disposition volume guidance to $120-$150 mln
Result Drivers
ABR INCREASE - Co reports 6.7% rise in Annualized Base Rent over prior year results
INVESTMENTS - Closed $232.5 mln of investments at a 7.4% cash cap rate, contributing to growth
BALANCE SHEET FLEXIBILITY - Issued $500 mln in senior unsecured notes, repaid revolving credit
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $226.80 mln | $223.30 mln (14 Analysts) |
Q2 EPS | $0.54 | ||
Q2 Net Income | $100.53 mln | ||
Q2 Core FFO | $157.37 mln | ||
Q2 FFO | $157.18 mln | ||
Q2 Income From Operations | $149.80 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 13 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the commercial reits peer group is "buy."
Wall Street's median 12-month price target for NNN REIT Inc is $44.00, about 2.2% above its August 4 closing price of $43.05
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 20 three months ago
Press Release:
