NNN Reit reports Q1 core FFO 83c, consensus 83c

Reports Q1 revenue $215.4M, consensus $211.46M. CEO Steve Horn commented: “NNN‘s Q1was consistent and predictable with nearly $125M in property acquisitions, yielding an initial cash cap rate of eight percent with an 18-year weighted average remaining lease term. With our strong property portfolio combined with over $1B of liquidity and strategic balance sheet management, NNN remains positioned to deliver long-term shareholder value as we progress through the year.”