WASHINGTON (dpa-AFX) - National Retail Properties, Inc. (NNN) announced earnings for third quarter that decreased from the same period last year.
The company's earnings came in at $58.11 million, or $0.35 per share. This compares with $73.45 million, or $0.47 per share, in last year's third quarter.
Excluding items, National Retail Properties, Inc. reported adjusted earnings of $116.87 million or $0.71 per share for the period.
Analysts had expected the company to earn $0.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 8.5% to $168.61 million from $155.33 million last year.
National Retail Properties, Inc. earnings at a glance:
-Earnings (Q3): $116.87 Mln. vs. $107.00 Mln. last year. -EPS (Q3): $0.71 vs. $0.68 last year. -Analysts Estimate: $0.41 -Revenue (Q3): $168.61 Mln vs. $155.33 Mln last year.
-Guidance: Full year EPS guidance: $2.79 to $2.82
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