NETSTREIT Corp. announced strong first quarter results with net income per share increasing to $0.04 and AFFO per share increasing to $0.29. The company completed $135.6 million of net investment activity and increased its AFFO guidance and net investment target for 2022.
Net income per share increased to $0.04, compared to $0.02 from prior year period.
Core Funds from Operations (“Core FFO”) per share increased to $0.28, compared to $0.22 from prior year period.
AFFO per share increased to $0.29, compared to $0.23 from prior year period.
Completed $135.6 million of net investment activity, including the acquisition of the first Publix grocery store.
The Company is increasing its full year 2022 AFFO per share guidance by improving the range to $1.14 to $1.17 per share and net investment guidance to at least $500.0 million in 2022.
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