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NETSTREIT (NTST)
NYSE:NTST
Earnings Data
Report Date
Feb 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.05Last Year’s EPS
0.03Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: 4.71%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative developments. While the company achieved record transaction activity and made significant strides in portfolio diversification and financial stability, it also faced challenges with tenant exposures and reported a net loss. The focus on improved risk-adjusted returns and low credit loss were positive aspects, though market dynamics and tenant challenges pose ongoing concerns.Company Guidance
During the NETSTREIT Corp. Fourth Quarter 2024 earnings call, the company provided detailed guidance and performance metrics. They reported record gross investments of over $195 million at a blended cash yield of 7.4%, with a straight-line basis of 8.1% and a weighted average lease term of 14 years. The development pipeline includes five projects with a total estimated cost of $14.6 million. Portfolio diversification efforts led to a top 10 tenant concentration decline of 410 basis points to 45.1% of ABR. Financial highlights included a net loss of $5.4 million, AFFO of $25.9 million, and a pro forma weighted average debt maturity of 4.3 years. The 2025 AFFO guidance is set at $1.27 to $1.30 per share, with expected net investment activity between $75 million and $125 million. The company emphasized the strategic focus on improving risk-adjusted returns and maintaining balance sheet discipline.Record Transaction Activity
Completed over $195 million of gross investments, the highest quarter on record, with a blended cash yield of 7.4% and 14 years of weighted average lease term.
Portfolio Diversification Achievements
Reduced top 10 tenant concentration by 410 basis points to 45.1% of ABR and Walgreens exposure by 100 basis points to 3.8% of ABR.
Strong Financial Position
Closed on $275 million of additional financing commitments, including a new $175 million senior unsecured term loan at a fixed rate of 5.12%.
Low Credit Loss
Average credit loss of just 4 basis points since inception and minimal impact from tenant store closures.
Improved Risk Adjusted Returns
Focus on sale leaseback transactions has led to improved risk adjusted returns, with nearly 71% of ABR leased to investment-grade or investment-grade profile tenants.
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NTST 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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NTST Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $14.23 | $14.79 | +3.94% |
| Nov 04, 2024 | $14.89 | $15.68 | +5.31% |
| Jul 29, 2024 | $16.32 | $16.44 | +0.74% |
| Apr 29, 2024 | $16.62 | $16.23 | -2.35% |
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 (NTST) report earnings?
NETSTREIT (NTST) is schdueled to report earning on Feb 24, 2025, TBA Not Confirmed.
What is NETSTREIT (NTST) earnings time?
NETSTREIT (NTST) earnings time is at Feb 24, 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 NTST EPS forecast?
NTST EPS forecast for the fiscal quarter 2024 (Q4) is 0.05.
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