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Sep 30, 2020
Netstreit Q3 2020 Earnings Report
Netstreit reported a net loss of $0.11 and AFFO of $0.21 per share for Q3 2020.
Key Takeaways
NETSTREIT reported their Q3 2020 financial results, highlighting a net loss of $0.11 per share and Adjusted Funds from Operations (AFFO) of $0.21 per share. They collected 98.1% of third quarter rents and completed approximately $103 million in acquisitions. The company also raised net proceeds of $227.3 million through their Initial Public Offering.
Reported net loss per share of $0.11, Core Funds from Operations (“Core FFO”) per share of $0.15 and AFFO per share of $0.21 per share.
Collected 98.1% of third quarter rents as contemplated in original leases.
Completed approximately $103 million of acquisitions.
Raised net proceeds of $227.3 million through Initial Public Offering.
Revenue by Segment
Forward Guidance
NETSTREIT believes it is well positioned to offer an attractive combination of yield and cash flow growth to shareholders as they look ahead to 2021 and beyond.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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