NETSTREIT Q2 AFFO $0.30/sh, raises 2023 guidance, boosts dividend 2.5%

NETSTREIT Corp.

2023-Q2 EPS reported $0.01 revenue$61,081,000

Net loss per diluted share $(0.01) vs $0.04 income in Q2 2022; AFFO per diluted share $0.30, up 7% YoY.
Completed $119M of investment activity in Q2; net investment at blended 6.8% cash yield.
Extended $175M term loan to 2027; subsequently closed new $250M term loan due 2029.
Raised 2023 AFFO per share guidance midpoint and net investment guidance to at least $450M.
Quarterly dividend raised 2.5% to $0.205 per share.

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 0.95

NETSTREIT Corp. reported second quarter ended June 30, 2023 results: net income Net loss of $(0.01), EPS $(0.01) per diluted share. Guidance raised.

Period: second quarter ended June 30, 2023
Net income: Net loss of $(0.01)
EPS: $(0.01) per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

NETSTREIT REPORTS SECOND QUARTER 2023 FINANCIAL AND OPERATING RESULTS – Net loss of $(0.01) and Adjusted Funds from Operations ("AFFO") of $0.30 Per Diluted Share

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Source: SEC EDGAR

accession 0001798100-23-000069

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