National Retail Properties, Inc. Bottom Line Rises In Q1, Beats estimates

(RTTNews) - National Retail Properties, Inc. (NNN) announced a profit for its first quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $81.37 million, or $0.46 per share. This compares with $52.10 million, or $0.30 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.8% to $190.28 million from $179.78 million last year.

National Retail Properties, Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $81.37 Mln. vs. $52.10 Mln. last year. -EPS (Q1): $0.46 vs. $0.30 last year. -Analyst Estimate: $0.43 -Revenue (Q1): $190.28 Mln vs. $179.78 Mln last year.