National Retail Properties Lifts 2017 Core FFO/shr Outlook

(RTTNews) - National Retail Properties Inc. (NNN), a real estate investment trust, said it raised its core FFO guidance for 2017 to a range of $2.44 to $2.48 per share from a range of $2.42 to $2.48 per share. Analysts polled by Thomson Reuters expected the company to report earnings of $1.39 per share for fiscal year 2017. Analysts' estimates typically exclude special items.

The 2017 Adjusted FFO is estimated to be $2.48 to $2.52 per share.

The Core FFO guidance equates to net earnings of $1.37 to $1.41 per share, plus $1.07 per share of expected real estate depreciation and amortization and excludes any gains from the sale of real estate and any charges for impairments, retirement severance costs, or preferred stock redemption charges.