National Retail Properties (NYSE:NNN) reports 1Q18 earnings; Issues full year outlook

National Retail Properties (NYSE:NNN) revealed net income for the first quarter of $ 94.70 million or 62 cents per share, compared to income of $ 51.62 million or 35 cents per share, in the year-ago period.

On adjusted basis, NNN reported income of $ 102.88 million or 67 cents per share.

Headquartered in Orlando, Florida, the company disclosed, revenue that reached $ 152.84 million, rose 8% from $ 141.43 million a year ago.

The consensus estimates from Thomson Reuters are income of $ 0.37 per share from $ 151.69 million in revenue.

Jay Whitehurst, CEO, said: National Retail Properties’ strong first quarter results highlight our ability to raise well-priced capital through dispositions, which is a meaningful strategic advantage when equity markets are choppy.

The company issues full year earnings outlook of $2.66 to $2.70 per diluted share.

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