Netstreit Corp. ( (NTST) ) has released its Q4 earnings. Here is a breakdown of the information Netstreit Corp. presented to its investors.
NETSTREIT Corp., an internally managed real estate investment trust based in Dallas, Texas, focuses on acquiring single-tenant net lease retail properties across the United States, emphasizing e-commerce resistant tenants with robust financial standings.
In its latest earnings report, NETSTREIT Corp. announced a net loss of $0.07 per diluted share for the fourth quarter of 2024, alongside an adjusted funds from operations (AFFO) of $0.32 per diluted share. The company achieved a record gross investment activity of $195.1 million at a 7.4% blended cash yield during the fourth quarter and introduced its 2025 AFFO per share guidance of $1.27 to $1.30.
Key financial highlights include a 6.7% increase in funds from operations per diluted share compared to the previous year, and a significant investment activity with 52 investments totaling $195.1 million in the fourth quarter. The company also completed $59.3 million in dispositions and closed $275.0 million in additional financing commitments in January 2025, enhancing its financial flexibility.
The company’s strategic focus remains on diversifying its portfolio and maintaining a robust balance sheet to support future growth. With a high occupancy rate of 99.9% and a weighted average lease term of 9.8 years, NETSTREIT is well-positioned to continue its growth trajectory.
Looking ahead, NETSTREIT’s management remains cautious yet optimistic, focusing on quality net lease investments to enhance tenant diversity and strengthen its internal growth profile, while navigating the challenges posed by macroeconomic conditions.