NETSTREIT Q4 AFFO $0.29/share, full-year AFFO $1.16; guides 2023 AFFO $1.17-$1.23

NETSTREIT Corp.

2022-FY EPS reported $0.16 revenue$96,279,000

Q4 net income $0.05/diluted share (flat YoY); AFFO $0.29/diluted share vs $0.27 prior year.
Full-year 2022 AFFO $1.16/diluted share; net investments $480.2M at 6.6% initial cap rate.
Portfolio 100% occupied; 62.9% investment-grade tenants; weighted-average lease term 9.5 years.
2023 AFFO guidance $1.17-$1.23/share; expects at least $400M net investments.
Quarterly dividend declared $0.20/share, payable March 30, 2023; net debt/EBITDA 3.4x (pro forma).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NETSTREIT Corp. reported the full year ended December 31, 2022 results: net income $0.16 per diluted share, EPS $0.16 per diluted share.

Period: the full year ended December 31, 2022
Net income: $0.16 per diluted share
EPS: $0.16 per diluted share
Result: reported results

Exact text from the filing

Net Income of $0.16 and AFFO of $1.16 per diluted share for the Full Year 2022

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NETSTREIT Corp. updated its full year 2023 guidance (initiated).

Period: full year 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

Provides Full Year 2023 AFFO Guidance of $1.17 to $1.23 AFFO per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NETSTREIT Corp. reported the fourth quarter ended December 31, 2022 results: net income $0.05 per diluted share, EPS $0.05 per diluted share.

Period: the fourth quarter ended December 31, 2022
Net income: $0.05 per diluted share
EPS: $0.05 per diluted share
Result: reported results

Exact text from the filing

Reports Net Income of $0.05 and Adjusted Funds from Operations ("AFFO") of $0.29 per diluted share for the Fourth Quarter

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Source: SEC EDGAR

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