National Retail Properties Q4 FFO Rises

(RTTNews) - National Retail Properties, Inc. (NNN) Tuesday said fourth-quarter funds from operations, or FFO, increased to $60.65 million or $0.50 per share from $51.01 million or $0.46 per share in the same period last year. Recurring FFO for the quarter totaled $61.82 million or $0.51 per share. On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.49 per share for the quarter. Analysts' estimates typically exclude special items.

Net earnings available to common stockholders dropped to $35.38 million or $0.29 per share from $35.90 million or $0.32 per share in the same period last year. Revenues increased to $103.65 million from $89.06 million last year. Analysts expected revenues of $101.52 million.