NETSTREIT Q3 AFFO $0.31; raises 2023 guidance to $1.21-$1.23

NETSTREIT Corp.

2023-Q3 EPS reported $0.08 revenue$95,042,000

Q3 AFFO per share $0.31, up 3% YoY; net income $0.06 vs $0.03.
Gross investment activity $117.5M at 7.0% blended cash yield (net $103.9M).
2023 AFFO guidance raised to $1.21-$1.23 per share, midpoint implying ~5% growth.
No debt maturities until 2027, no floating rate exposure, low leverage.

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 1.0

NETSTREIT Corp. reported the third quarter ended September 30, 2023 results: net income $0.06, EPS $0.06. Guidance raised.

Period: the third quarter ended September 30, 2023
Net income: $0.06
EPS: $0.06
Guidance: raised
Result: reported results

Exact text from the filing

NETSTREIT REPORTS THIRD QUARTER 2023 FINANCIAL AND OPERATING RESULTS – Net income of $0.06 and Adjusted Funds from Operations ("AFFO") of $0.31 Per Diluted Share – – Completed $117.5 Million of Investment Activity at 7.0% Blended Cash Yield– – Increases 2023 AFFO per Share Guidance Range to $1.21 to $1.23 –

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Source: SEC EDGAR

accession 0001798100-23-000098

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