NETSTREIT Corp. reported a net loss of $(0.07) per diluted share for Q3 2024, but achieved record gross investment activity of $151.6 million at a 7.5% blended cash yield. The company maintained its 2024 AFFO per share guidance midpoint.
Highest quarterly investment activity in company history with $151.6 million in gross investments.
Blended cash yield of 7.5% on recent investments.
Maintained 100% occupancy across the portfolio.
AFFO per share was reported as $0.32.
The Company is maintaining its full year 2024 AFFO per share guidance midpoint and updating the range to $1.26 to $1.27 from its prior range of $1.25 to $1.28. The Company now expects cash G&A to be in the range of $12.8 million to $13.2 million (exclusive of transaction costs and severance payments).
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