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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.
NETSTREIT Corp. (NYSE: NTST) has appointed Daniel P. Donlan as its new Chief Financial Officer and Treasurer, effective April 10, 2023. Donlan brings extensive experience in capital markets and the net lease industry, having previously served as Senior Vice President at Essential Properties Realty Trust, Inc. (NYSE: EPRT). His role will encompass corporate finance, accounting, treasury, and investor relations. CEO Mark Manheimer expressed confidence in Donlan's ability to support the company's growth and investment strategies while acknowledging former Interim CFO Lori Wittman for her contributions.
NETSTREIT Corp. (NTST) reported a net income of $0.05 per share and Adjusted Funds from Operations (AFFO) of $0.29 for Q4 2022. For the full year, net income was $0.16, and AFFO was $1.16 per diluted share. The company invested $480.2 million in net investments in 2022 and issued 21 million shares of common stock, closing a $600 million sustainability-linked credit facility. NETSTREIT anticipates 2023 AFFO guidance between $1.17 and $1.23 per share. As of December 31, 2022, its portfolio included 427 leases, 100% occupancy, and an annualized base rent of $99.2 million.
NETSTREIT Corp. (NYSE:NTST) will release its fourth quarter and full year 2022 financial results on February 23, 2023, after market close. A conference call is set for February 24, 2023, at 10:00 AM ET. Investors can listen to the live webcast on the Company’s website. NETSTREIT focuses on acquiring high-quality single-tenant net lease properties nationwide, catering to e-commerce resistant tenants. The firm aims to generate consistent cash flows and dividends through its growing portfolio. For further details, visit www.NETSTREIT.com.
NETSTREIT Corp. (NYSE:NTST) announced the tax treatment for its 2022 common stock distributions. Shareholders will receive a dividend of $0.2000 per share on several key dates throughout 2022. The record dates are March 15, June 1, September 1, and December 1, with payments made shortly after these dates. The ordinary dividends amount to $0.1692 per share, while various capital gains are outlined, including a 20% Capital Gain Rate. Shareholders are advised to consult tax professionals regarding this treatment.
NETSTREIT Corp. announced its third-quarter results for 2022, reporting a net income of $0.03 and Adjusted Funds from Operations (AFFO) of $0.30 per diluted share. The company completed $129.6 million in net investment activity and an oversubscribed 10.35 million shares forward equity offering. It also closed a $600 million sustainability-linked credit facility, significantly improving liquidity. The full-year AFFO guidance is now narrowed to $1.15 to $1.17 per share, reflecting a disciplined approach to acquisitions amidst economic uncertainty.
NETSTREIT Corp. (NYSE: NTST) announced it will release its Q3 2022 financial results on October 27, 2022, after market close. A conference call will follow on October 28, 2022, at 10:00 AM ET. Investors can access the call via the Company’s website, with a replay available for 90 days. NETSTREIT focuses on acquiring high-quality, single-tenant net lease retail properties nationwide, aiming to generate consistent cash flows and dividends for investors.
NETSTREIT Corp. (NYSE: NTST) announced that its underwriters exercised an option to purchase 1,350,000 additional shares at $20.20 each, following a public offering that closed on August 8, 2022. The option exercise closing is expected on August 12, 2022. The company has entered forward sale agreements for these shares, with final settlement anticipated by August 3, 2023. NETSTREIT aims to use any net proceeds for general corporate purposes, including potential acquisitions. The offering is under a shelf registration statement effective since September 1, 2021.
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