National Retail Properties, Inc. Q4 adjusted earnings Beat Estimates

(RTTNews) - National Retail Properties, Inc. (NNN) revealed a profit for fourth quarter that dropped from last year.

The company's earnings totaled $27.98 million, or $0.17 per share. This compares with $63.59 million, or $0.42 per share, in last year's fourth quarter.

Excluding items, National Retail Properties, Inc. reported adjusted earnings of $103.52 million or $0.65 per share for the period.

Analysts had expected the company to earn $0.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.8% to $158.98 million from $150.25 million last year.

National Retail Properties, Inc. earnings at a glance:

-Earnings (Q4): $103.52 Mln. vs. $95.69 Mln. last year. -EPS (Q4): $0.65 vs. $0.63 last year. -Analysts Estimate: $0.38 -Revenue (Q4): $158.98 Mln vs. $150.25 Mln last year.