Netstreit Corp Stock Price, News & Analysis

NETSTREIT Corp. (NYSE: NTST) reported a net income of $0.03 per share for Q1 2023, down from $0.04 in the prior year. Adjusted Funds from Operations (AFFO) increased to $0.30 per diluted share. The company completed $112.7 million in net investment activity, maintaining AFFO guidance for 2023. As of March 31, 2023, NETSTREIT's portfolio comprised 488 investments, all fully occupied, with a weighted-average remaining lease term of 9.4 years. Key investment activities included acquiring properties at a cash yield of 6.9% and entering into mortgage loans receivable totaling $46.1 million at a cash yield of 9.3%. The company declared a quarterly cash dividend of $0.20 per share for Q2 2023, to be paid on June 15.

NETSTREIT Corp. (NYSE:NTST), a real estate investment trust (REIT) based in Dallas, Texas, will release its first quarter 2023 financial results on April 26, 2023, after market close. A conference call for investors will follow on April 27, 2023, at 11:00 AM ET.

Investors can access the live webcast on the Company’s website, and a replay will be available for 90 days post-call. NETSTREIT focuses on acquiring single-tenant net lease retail properties, targeting e-commerce resistant tenants for consistent cash flows and dividends. The Company aims to develop a premier portfolio in the net lease retail sector.

NETSTREIT Corp. (NYSE: NTST) has appointed Daniel P. Donlan as its new Chief Financial Officer and Treasurer, effective April 10, 2023. Donlan brings extensive experience in capital markets and the net lease industry, having previously served as Senior Vice President at Essential Properties Realty Trust, Inc. (NYSE: EPRT). His role will encompass corporate finance, accounting, treasury, and investor relations. CEO Mark Manheimer expressed confidence in Donlan's ability to support the company's growth and investment strategies while acknowledging former Interim CFO Lori Wittman for her contributions.

NETSTREIT Corp. (NTST) reported a net income of $0.05 per share and Adjusted Funds from Operations (AFFO) of $0.29 for Q4 2022. For the full year, net income was $0.16, and AFFO was $1.16 per diluted share. The company invested $480.2 million in net investments in 2022 and issued 21 million shares of common stock, closing a $600 million sustainability-linked credit facility. NETSTREIT anticipates 2023 AFFO guidance between $1.17 and $1.23 per share. As of December 31, 2022, its portfolio included 427 leases, 100% occupancy, and an annualized base rent of $99.2 million.

NETSTREIT Corp. (NYSE:NTST) will release its fourth quarter and full year 2022 financial results on February 23, 2023, after market close. A conference call is set for February 24, 2023, at 10:00 AM ET. Investors can listen to the live webcast on the Company’s website. NETSTREIT focuses on acquiring high-quality single-tenant net lease properties nationwide, catering to e-commerce resistant tenants. The firm aims to generate consistent cash flows and dividends through its growing portfolio. For further details, visit www.NETSTREIT.com.

NETSTREIT Corp. (NYSE:NTST) announced the tax treatment for its 2022 common stock distributions. Shareholders will receive a dividend of $0.2000 per share on several key dates throughout 2022. The record dates are March 15, June 1, September 1, and December 1, with payments made shortly after these dates. The ordinary dividends amount to $0.1692 per share, while various capital gains are outlined, including a 20% Capital Gain Rate. Shareholders are advised to consult tax professionals regarding this treatment.

NETSTREIT Corp. announced its third-quarter results for 2022, reporting a net income of $0.03 and Adjusted Funds from Operations (AFFO) of $0.30 per diluted share. The company completed $129.6 million in net investment activity and an oversubscribed 10.35 million shares forward equity offering. It also closed a $600 million sustainability-linked credit facility, significantly improving liquidity. The full-year AFFO guidance is now narrowed to $1.15 to $1.17 per share, reflecting a disciplined approach to acquisitions amidst economic uncertainty.