National Retail Properties, Inc. Reveals 9% Increase In Q1 Bottom Line

(RTTNews) - National Retail Properties, Inc. (NNN) reported earnings for its first quarter that climbed compared to the same period last year.

The company said its bottom line climbed to $89.05 million, or $0.60 per share. This was up from $81.75 million, or $0.58 per share, in last year's first quarter.

Analysts had expected the company to earn $0.33 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.4% to $141.43 million. This was up from $126.98 million last year.

National Retail Properties, Inc. earnings at a glance:

-Earnings (Q1): $89.05 Mln. vs. $81.75 Mln. last year. -Earnings Growth (Y-o-Y): 8.9% -EPS (Q1): $0.60 vs. $0.58 last year. -EPS Growth (Y-o-Y): 3.4% -Analysts Estimate: $0.33 -Revenue (Q1): $141.43 Mln vs. $126.98 Mln last year. -Revenue Change (Y-o-Y): 11.4%

-Guidance: Full year EPS guidance: $2.48 - $2.52