Netstreit reports Q3 AFFO 31c, consensus 31c

“We are pleased to announce another solid quarter of results, completing $103.9 million in net investment activity in the quarter. We are also increasing our 2023 AFFO per share guidance midpoint, which implies 5% growth over last year. While the higher for longer narrative has placed upward pressure on the cost of capital for most companies, we remain well positioned from both a balance sheet, portfolio, and earnings standpoint. More specifically, we have no debt maturities until 2027, no net exposure to floating rate debt, low leverage, and ample liquidity. Coupled with our highly secure in-place rental stream, we are confident that our portfolio and investment discipline will result in earnings growth and increased value for our shareholders.” said Mark Manheimer, Chief Executive Officer of NETSTREIT.