NETSTREIT reports Q4 AFFO $0.31/shr, up 7% YoY; reaffirms 2024 guidance

NETSTREIT Corp.

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

Q4 net income $0.03/shr; AFFO $0.31/shr (+7% YoY).
Full-year AFFO $1.22/shr (+5% YoY); gross investment activity $481M.
Completed $119.1M Q4 investments at 7.2% blended cash yield.
Reaffirms 2024 AFFO guidance $1.24-$1.28 per diluted share.
Raised $190.8M net proceeds via forward equity offering in Jan 2024.

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 the fourth quarter and full year ended December 31, 2023 results: net income $0.03, EPS $0.03 per diluted share. Guidance reaffirmed.

Period: the fourth quarter and full year ended December 31, 2023
Net income: $0.03
EPS: $0.03 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

NETSTREIT REPORTS FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL AND OPERATING RESULTS – Net income of $0.03 and Adjusted Funds from Operations ("AFFO") of $0.31 Per Diluted Share for Fourth Quarter – – Completed $119.1 Million of Gross Investment Activity at 7.2% Blended Cash Yield for Fourth Quarter – – Reaffirms 2024 AFFO Per Share Guidance of $1.24 to $1.28

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Source: SEC EDGAR

accession 0001798100-24-000009

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