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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. (NYSE: NTST) reported a net income of $0.03 per share for Q1 2023, down from $0.04 in the prior year. Adjusted Funds from Operations (AFFO) increased to $0.30 per diluted share. The company completed $112.7 million in net investment activity, maintaining AFFO guidance for 2023. As of March 31, 2023, NETSTREIT's portfolio comprised 488 investments, all fully occupied, with a weighted-average remaining lease term of 9.4 years. Key investment activities included acquiring properties at a cash yield of 6.9% and entering into mortgage loans receivable totaling $46.1 million at a cash yield of 9.3%. The company declared a quarterly cash dividend of $0.20 per share for Q2 2023, to be paid on June 15.
NETSTREIT Corp. (NYSE:NTST), a real estate investment trust (REIT) based in Dallas, Texas, will release its first quarter 2023 financial results on April 26, 2023, after market close. A conference call for investors will follow on April 27, 2023, at 11:00 AM ET.
Investors can access the live webcast on the Company’s website, and a replay will be available for 90 days post-call. NETSTREIT focuses on acquiring single-tenant net lease retail properties, targeting e-commerce resistant tenants for consistent cash flows and dividends. The Company aims to develop a premier portfolio in the net lease retail sector.
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