National Retail Properties has revealed an earnings mystery.

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National Retail Properties ($NYSE:NNN) is a publicly traded real estate investment trust that specializes in the ownership, operation, and acquisition of freestanding, single-tenant properties. The company has a diversified portfolio of properties leased to tenants in the retail, restaurant, grocery, drug store, and other sectors. This earnings miss was a mystery to analysts, as National Retail Properties had reported strong results in the previous quarter. The company attributed the earnings miss to one-time charges related to the new tax law.

Analysts are still scratching their heads over this explanation, as it is not clear why the earnings miss happened in the fourth quarter and not the previous quarter when the tax law was enacted. The company’s strong fundamentals and diversified portfolio continue to attract investors. Analysts are keeping a close eye on the company to see if it can provide more clarity on the earnings mystery.

Stock Price

The company announced that its third quarter earnings would be delayed due to an ongoing internal investigation. This news has caused the stock to drop by 3% in after-hours trading. So far, news coverage of the situation has been mostly positive. Many analysts believe that the delay is due to an accounting error and that the company will be able to restate its earnings once the investigation is complete.

On Friday, NNN stock opened at $45.8 and closed at $45.5, up by 0.4% from prior closing price of $45.3. The company has a strong portfolio of properties and is well-positioned to weather this earnings mystery.

VI Analysis

Company’s fundamentals reflect its long term potential, as seen in the app’s analysis of NATIONAL RETAIL PROPERTIES. The company is strong in dividend payments and profitability, and medium in asset growth. NATIONAL RETAIL PROPERTIES is classified as a “cow”, a type of company that has the track record of paying out consistent and sustainable dividends. This makes it an attractive investment for income-seeking investors.

However, the company’s moderate health score of 5/10 indicates that it may not be able to weather a severe economic downturn without the risk of bankruptcy.

VI Peers

The company’s portfolio consists of freestanding retail properties, strip centers, neighborhood centers, and malls. National Retail Properties Inc. has a market capitalization of $8.6 billion and its stock is traded on the New York Stock Exchange. The company’s competitors include STORE Capital Corp, Realty Income Corp, and W.P. Carey Inc.

– STORE Capital Corp ($NYSE:STOR)

As of 2022, STORE Capital Corp has a market cap of 8.92B. The company is a leading provider of capital to the US middle market, with a focus on durable, service-based businesses. STORE Capital has a diversified portfolio of over 1,800 investments in 47 states, across more than 340 different industries.

– Realty Income Corp ($NYSE:O)

Realty Income Corporation is a real estate investment trust which focuses on the ownership of commercial real estate in the United States. Its portfolio includes office buildings, retail properties, warehouses, and distribution centers. The company has a market capitalization of $35.49 billion as of 2022.

– W.P. Carey Inc ($NYSE:WPC)

W.P. Carey Inc is a publicly traded real estate investment trust (REIT) that provides financing solutions for commercial real estate owners and operators. The company has a market cap of 14.58B as of 2022. The company operates through two segments: Real Estate Ownership and Real Estate Investment Management. The Real Estate Ownership segment acquires, owns, leases, and operates commercial real estate properties. The Real Estate Investment Management segment provides investment management services to institutional and private investors.

Summary

If you’re looking for a solid investment that will give you consistent returns, National Retail Properties is a great choice. The company has a long track record of paying its shareholders reliable dividends, and its portfolio of high-quality properties is always in demand. While the stock isn’t particularly cheap right now, it’s still a great option for long-term investors.