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NetSTREIT Corp. (symbol: NTST) is an internally managed Real Estate Investment Trust (REIT) headquartered in Dallas, Texas. The company specializes in acquiring single-tenant net lease retail properties across the United States. With a robust and expanding portfolio, NetSTREIT emphasizes high-quality properties leased to tenants that are resistant to e-commerce disruptions and maintain strong financial health.
NetSTREIT’s core business revolves around acquiring, owning, and managing retail commercial real estate, focusing on long-term net leases with high-credit quality tenants. The company targets tenants that operate in sectors where physical locations are vital for sales and profit generation, including home improvement, auto parts, drug stores and pharmacies, general retail, grocers, convenience stores, discount stores, and quick-service restaurants.
Guided by a team of experienced commercial real estate executives, NetSTREIT aims to build the highest quality net lease retail portfolio in the country. Their strategic approach seeks to ensure consistent cash flows and dividends for investors, making NetSTREIT a reliable choice for those looking to invest in stable and profitable retail properties.
Recently, NetSTREIT has shown significant growth in its portfolio, adding numerous high-quality properties and forming strategic partnerships that enhance its market position. The company continually assesses market trends to adapt and expand its portfolio, ensuring resilience in an ever-changing retail landscape.
Financially, NetSTREIT maintains a strong balance sheet and emphasizes prudent fiscal management to support sustainable growth. The company’s structured approach as an umbrella partnership REIT allows for diversified investments and stability, benefiting both the company and its shareholders.
Stay updated with the latest developments, performance metrics, and news related to NetSTREIT Corp. for a comprehensive understanding of its market operations and investment potential.
NETSTREIT Corp. (NTST), a nationwide owner of single-tenant net lease properties, has scheduled its fourth quarter 2024 financial results release for Monday, February 24, 2025, after NYSE trading hours. A conference call will follow on Tuesday, February 25, 2025 at 11:00 AM ET.
The company will host a live webcast accessible through the Investor Relations section of NETSTREIT.com. Conference call participation will be available through domestic (1-877-451-6152) and international (1-201-389-0879) lines. A playback option will be available until March 4, 2025.
NETSTREIT is a Dallas-based REIT focusing on acquiring single-tenant net lease retail properties nationwide, with a portfolio comprising properties leased to e-commerce resistant tenants with healthy balance sheets.
NETSTREIT Corp. (NYSE: NTST) has secured $275.0 million in additional financing commitments and amended its existing credit facilities. The company's PNC Credit Agreement now provides $875.0 million in aggregate facilities, including:
- A new $175.0 million senior unsecured term loan
- An existing $200.0 million senior unsecured term loan
- An upsized $500.0 million revolving credit facility (increased from $400.0 million)
The new term loan and revolving facility mature in January 2029, with an option to extend to January 2030. The new term loan is fully funded and hedged at a 5.12% fixed interest rate through January 2030. The Wells Fargo Credit Agreement's existing $175.0 million term loan maturity was extended to match these dates. The amendments also removed certain financial covenants and improved pricing terms based on investment grade rating and leverage targets.
NETSTREIT reported its Q3 2024 financial results, marking a record quarter with $151.6 million in gross investments at a 7.5% blended cash yield. The company posted a net loss of $(0.07) per diluted share and Adjusted Funds from Operations (AFFO) of $0.32 per share. The portfolio maintains 100% occupancy across 671 properties with an annualized base rent of $157 million. NETSTREIT maintained its 2024 AFFO per share guidance midpoint, updating the range to $1.26-$1.27. The company declared a quarterly dividend of $0.21 per share, representing an annualized increase of $0.02 over the prior year.
NETSTREIT Corp. (NYSE: NTST), a nationwide owner of high-quality, single-tenant net lease properties, has announced the dates for its third quarter 2024 earnings release and conference call. The company will release its financial results on November 4, 2024 after the close of trading on the New York Stock Exchange. A conference call will be held on Tuesday, November 5, 2024 at 11:00 AM ET.
A live webcast will be available on the "Investor Relations" section of the Company's website at www.NETSTREIT.com. Participants can join the telephone conference call using the following numbers:
- Domestic: 1-877-451-6152
- International: 1-201-389-0879
A playback of the call will be accessible through Tuesday, November 12, 2024.
NETSTREIT Corp. (NYSE: NTST) reported its Q2 2024 financial results, with a net loss of $(0.03) per diluted share and Adjusted Funds from Operations (AFFO) of $0.32 per diluted share. The company completed $115.7 million of gross investment activity at a 7.5% blended cash yield. NETSTREIT maintained its 2024 AFFO per share guidance range of $1.25 to $1.28 and increased its quarterly dividend by 2.4% to $0.21 per share.
Key highlights include:
- Year-to-date investments of approximately $245 million
- Portfolio occupancy at 100%
- Net Debt to Annualized Adjusted EBITDAre at 5.3x
- Total liquidity of $569.2 million
The company also reported a one-time loss of $2.8 million due to a business email compromise, which has been added back to Core FFO per share.
NETSTREIT Corp., a Dallas-based REIT specializing in single-tenant net lease retail properties, will release its financial results for the second quarter of 2024 on July 29, 2024, after market close. The company will also host a conference call on July 30 at 11:00 AM ET to discuss the results. Investors can access the live webcast via the company's Investor Relations section on its website by registering 15 minutes prior to the start time. For telephone access, domestic participants can dial 1-877-451-6152 and international participants can dial 1-201-389-0879. A playback option will be available until August 06, 2024. NETSTREIT's strategy focuses on acquiring high-quality, e-commerce-resistant retail properties to ensure consistent cash flows and dividends for investors.
NETSTREIT Corp. (NYSE: NTST) reported net income of $0.01 and Adjusted Funds from Operations of $0.31 per diluted share for the first quarter of 2024. The company completed $129.2 million in gross investment activity at a 7.5% blended cash yield and raised $229.5 million through offerings and the ATM program year to date. They increased the low end of their 2024 AFFO per share guidance to a new range of $1.25 to $1.28. The company also completed a $198.7 million forward equity offering in January 2024.
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