NETSTREIT Q1 AFFO $0.30/share, net investment $112.7M, maintains 2023 guidance

NETSTREIT Corp.

2023-Q1 EPS reported $0.03 revenue$29,452,000

Net income $0.03 per share (vs $0.04 Q1 2022); AFFO $0.30 per share (vs $0.29).
Completed $112.7M net investment activity at 7.7% blended cash yield; portfolio 100% occupied.
Maintains 2023 AFFO guidance $1.17-$1.23 per share; net investment target at least $400M.
Declared Q2 dividend $0.20/share, payable June 15 to holders of record June 1.
Appointed Daniel Donlan as CFO, effective with Q1 results.

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 first quarter ended March 31, 2023 results: net income $0.03 per diluted share, EPS $0.03 per diluted share. Guidance reaffirmed.

Period: the first quarter ended March 31, 2023
Net income: $0.03 per diluted share
EPS: $0.03 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

NETSTREIT REPORTS FIRST QUARTER 2023 FINANCIAL AND OPERATING RESULTS – Net Income of $0.03 and Adjusted Funds from Operations (“AFFO”) 1 of $0.30 per diluted share

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NETSTREIT Corp. filing history →

Source: SEC EDGAR

accession 0001798100-23-000046

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