NETSTREIT Q1 AFFO $0.31/sh; raises 2024 AFFO guidance low end to $1.25-$1.28

NETSTREIT Corp.

2024-Q1 EPS reported $0.01 revenue$37,673,000

Net income $0.01 per diluted share; AFFO $0.31 per diluted share for Q1 2024.
Gross investment activity of $129.2M at 7.5% blended cash yield completed in Q1.
Completed $198.7M forward equity offering in Jan 2024 and $30.8M ATM sales YTD.
Increasing low end of 2024 AFFO per share guidance to $1.25-$1.28 from prior $1.23-$1.28.

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, 2024 results: net income $0.01, EPS $0.01. Guidance raised.

Period: the first quarter ended March 31, 2024
Net income: $0.01
EPS: $0.01
Guidance: raised
Result: reported results

Exact text from the filing

NETSTREIT REPORTS FIRST QUARTER 2024 FINANCIAL AND OPERATING RESULTS – Net income of $0.01 and Adjusted Funds from Operations ("AFFO") of $0.31 Per Diluted Share for First Quarter – – Completed $129.2 Million of Gross Investment Activity at 7.5% Blended Cash Yield for First Quarter – – Increasing Low End of 2024 AFFO Per Share Guidance to a New Range of $1.25 to $1.28 –

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Source: SEC EDGAR

accession 0001798100-24-000057

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