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Mar 31, 2024
Netstreit Q1 2024 Earnings Report
Reported a net income of $0.01 per diluted share and AFFO of $0.31 per diluted share for the first quarter.
Key Takeaways
NETSTREIT reported a strong start to the year, raising $229.5 million from a follow-on offering and ATM program, and completing $129.2 million in gross investment activity at a 7.5% blended cash yield.
Net income of $0.01 per diluted share for the first quarter.
Adjusted Funds from Operations (AFFO) of $0.31 per diluted share for the first quarter.
Completed $129.2 million of gross investment activity at a 7.5% blended cash yield during the quarter.
Increased the low end of 2024 AFFO per share guidance to a new range of $1.25 to $1.28.
Revenue by Segment
Forward Guidance
The company is increasing the low end of its 2024 AFFO per share guidance to a new range of $1.25 to $1.28.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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