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NNN REIT's Q2 Adjusted FFO, Revenue Rise; Lifts 2024 Guidance
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NNN REIT's Q2 Adjusted FFO, Revenue Rise; Lifts 2024 Guidance
Aug 1, 2024 6:37 AM

09:02 AM EDT, 08/01/2024 (MT Newswires) -- NNN REIT ( NNN ) reported Q2 adjusted funds from operations Thursday of $0.84 per diluted share, compared with $0.80 a year earlier.

Analysts surveyed by Capital IQ expected $0.83.

Revenue for the quarter ended June 30 was $216.8 million, compared with $202.6 million a year earlier. Analysts surveyed by Capital IQ expected $214.2 million.

For 2024, the real estate investment trust expects adjusted funds from operations of $3.31 to $3.37 per share from $3.29 to $3.35 previously. Four analysts polled by Capital IQ expect $3.35.

Price: 44.85, Change: -0.04, Percent Change: -0.09

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