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NETSTREIT (DE:64N)
FRANKFURT:64N
Holding DE:64N?
Track your performance easily
Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.04Last Year’s EPS
0.03Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 04, 2021
|% Change Since: -0.86%
|Next Earnings Date:Oct 29, 2020
Earnings Call Sentiment|Neutral
The earnings call highlighted strong investment activity and portfolio management with record gross investments and improved G&A efficiency. However, challenges included a reported net loss and concerns around tenant credit health, particularly with Walgreens and Big Lots.Company Guidance
In the third quarter 2024 earnings call for NETSTREIT Corp., the company reported completing $152 million in gross investments, marking their highest quarter to date, with a blended cash yield of 7.5% and a straight-line yield of 8%. The quarter saw a significant focus on sale leasebacks, resulting in an extended weighted average lease term of 12.5 years and improved rent growth profiles. The portfolio closed the quarter with 671 properties, 100% leased, with over 75% of total annual base rent (ABR) coming from investment-grade or investment-grade profile tenants. The weighted average remaining lease term was 9.5 years, with less than 3% of ABR expiring through 2026. On the financial front, the quarter recorded a net loss of $5.3 million, with core funds from operations (FFO) and adjusted funds from operations (AFFO) both at $0.32 per diluted share, reflecting a 3% year-over-year increase. The company maintained its AFFO guidance for 2024, adjusting the range slightly to $1.26 to $1.27 per share.Record Gross Investments
Completed $152 million of gross investments, the highest on record, with a blended cash yield of 7.5% or 8% on a straight-line basis.
Strong Portfolio Metrics
Investments in 671 properties, 100% leased to 93 tenants across 26 industries in 45 states. Over 75% of total ABR leased to investment-grade or investment-grade profile tenants.
Effective Asset Management
Executed strategic asset sales, reducing tenant concentrations and recycling proceeds into investments with longer leases and better rent escalations.
Improved G&A Efficiency
Total recurring G&A declined 16% year-over-year to $4.3 million, and recurring cash G&A declined 24% year-over-year to $2.9 million.
Strong Liquidity Position
Quarter-end liquidity was $464 million, consisting of $29 million cash, $250 million available on revolving credit, and $185 million of unsettled forward equity.
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DE:64N Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:64N Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | €13.42 | €14.21 | +5.89% |
| Jul 29, 2024 | €14.90 | €15.00 | +0.66% |
| Apr 29, 2024 | €15.30 | €15.01 | -1.89% |
| Feb 14, 2024 | €14.64 | €15.30 | +4.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NETSTREIT (DE:64N) report earnings?
NETSTREIT (DE:64N) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is NETSTREIT (DE:64N) earnings time?
NETSTREIT (DE:64N) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of NETSTREIT stock?
The P/E ratio of NETSTREIT is N/A.
What is DE:64N EPS forecast?
DE:64N EPS forecast for the fiscal quarter 2024 (Q4) is 0.04.
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