Loading...
•
Dec 31, 2022
Netstreit Q4 2022 Earnings Report
Reported net income of $0.05 and AFFO of $0.29 per diluted share.
Key Takeaways
NETSTREIT reported strong fourth-quarter results, with net income per share of $0.05 and AFFO per diluted share of $0.29. The company completed $480.2 million of net investments in 2022 and issued 21.0 million shares of common stock. They also closed a $600 million sustainability-linked credit facility.
Net income per share of $0.05 for the fourth quarter of 2022, flat versus the prior year period.
Core Funds from Operations (“Core FFO”) per diluted share of $0.28 compared to $0.25 from prior year period.
AFFO per diluted share of $0.29 compared to $0.27 from prior year period.
Completed $480.2 Million of Net Investments in 2022
Forward Guidance
The Company is providing full year 2023 AFFO per share guidance in the range of $1.17 to $1.23 per share. The Company expects net investment activity, including acquisitions, developments where rent commenced, and mortgage loan receivables, net of dispositions, to be at least $400.0 million in 2023.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...