NETSTREIT reaffirms 2023 AFFO guidance $1.21-$1.23; introduces 2024 AFFO guidance $1.24-$1.28

NETSTREIT Corp.

2023-FY EPS reported $0.11 revenue$131,905,000

Completed $480.5M of gross investments in 2023 at 7.2% blended cash yield; net investment activity $431M.
Reaffirms 2023 AFFO per share guidance $1.21-$1.23; introduces 2024 AFFO guidance $1.24-$1.28 per share.
Raised $76.7M via ATM in Q4 at $17.27/share; forward equity outstanding 5.98M shares at $16.48.
94.3% of Q4 investment ABR from investment-grade tenants; weighted average lease term 10.9 years.
Total liquidity $448.4M; proforma liquidity $548.4M including available $100M term loan.

item 2.02 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. updated its full year 2024 guidance (initiated).

Period: full year 2024
Guidance: initiated
Result: guidance update

Exact text from the filing

The Company is providing its initial full year 2024 AFFO per share guidance in the range of $1.24 to $1.28 per share.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

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

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

Exact text from the filing

The Company is reaffirming its full year 2023 AFFO per share guidance range of $1.21 to $1.23.

View on SEC.gov

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Source: SEC EDGAR

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