ORLANDO, Fla. (AP) — ORLANDO, Fla. (AP) — NNN REIT, Inc (NNN) on Tuesday reported a key measure of profitability in its fourth quarter. The results matched Wall Street expectations.
The real estate investment trust, based in Orlando, Florida, said it had funds from operations of $154.1 million, or 82 cents per share, in the period.
The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of 82 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.
The company said it had net income of $97.9 million, or 52 cents per share.
The retail real estate investment trust, based in Orlando, Florida, posted revenue of $218.5 million in the period. Its adjusted revenue was $218.3 million, exceeding Street forecasts. Six analysts surveyed by Zacks expected $217.6 million.
For the year, the company reported funds from operations of $616.6 million. Revenue was reported as $867.5 million.
NNN REIT expects full-year funds from operations in the range of $3.39 to $3.44 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NNN at https://www.zacks.com/ap/NNN
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
