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Dec 31, 2023

NNN Q4 2023 Earnings Report

NNN REIT's operating results were announced for the quarter and year ended December 31, 2023.

Key Takeaways

NNN REIT reported revenues of $216.23 million and net earnings available to common stockholders of $96.68 million for the quarter ended December 31, 2023. The company maintained high occupancy levels at 99.5% and made property investments of $269.7 million.

Revenues reached $216.23 million.

Net earnings available to common stockholders were $96.68 million.

Maintained high occupancy levels at 99.5%.

Property investments totaled $269.7 million.

Total Revenue
$216M
Previous year: $199M
+8.9%
EPS
$0.85
Previous year: $0.8
+6.2%
Occupancy Rate
35,966,000%
Properties Owned
3.53K
Gross Profit
$132M
Previous year: $191M
-30.8%
Cash and Equivalents
$1.19M
Previous year: $2.51M
-52.5%
Free Cash Flow
$122M
Total Assets
$8.66B
Previous year: $8.15B
+6.3%

NNN

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NNN Revenue by Segment

Forward Guidance

The company announced 2024 Core FFO guidance of $3.25 to $3.31 per share and AFFO is estimated to be $3.29 to $3.35 per share.

Revenue & Expenses

Visualization of income flow from segment revenue to net income