NNN REIT: Q2 Earnings Snapshot
By AP News
Published - Aug 01, 2024, 12:36 PM ET
Last Updated - Aug 01, 2024, 12:36 PM EDT
ORLANDO, Fla. (AP) — ORLANDO, Fla. (AP) — NNN REIT, Inc (NNN) on Thursday reported a key measure of profitability in its second quarter. The results topped Wall Street expectations.
The real estate investment trust, based in Orlando, Florida, said it had funds from operations of $153.6 million, or 84 cents per share, in the period.
The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 83 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
