NETSTREIT reported a strong third quarter with significant investment activity and portfolio performance. The company completed $129.6 million in net investment activity, including the acquisition of 26 properties for $131.3 million. They also completed a forward equity offering and closed a sustainability-linked credit facility. The company is narrowing its AFFO per share guidance for the full year 2022 to $1.15 to $1.17.
Net income per share decreased to $0.03 compared to $0.07 from the prior year period.
Core Funds from Operations (FFO) per share increased to $0.28, compared to $0.22 from the prior year period.
AFFO per share increased to $0.30, compared to $0.24 from the prior year period.
Completed $129.6 million of net investment activity.
The Company is narrowing its AFFO per share guidance range to $1.15 to $1.17 per share, resulting in an increase to the midpoint of the range.
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