NETSTREIT reported strong execution and performance in 2023, completing $481 million of gross investment activity and growing 2023 AFFO per diluted share by 5% from prior year. The company is well capitalized to take advantage of attractive investment opportunities to deliver solid growth in 2024.
Net income of $0.03 and Adjusted Funds from Operations (AFFO) of $0.31 Per Diluted Share for Fourth Quarter
Completed $119.1 Million of Gross Investment Activity at 7.2% Blended Cash Yield for Fourth Quarter
Reaffirms 2024 AFFO Per Share Guidance of $1.24 to $1.28
Completed Forward Equity Offering in January 2024, Raising $190.8 Million of Net Proceeds
The Company is reaffirming its initial full year 2024 AFFO per share guidance in the range of $1.24 to $1.28. The Company also expects cash G&A to be in the range of $13.5 million to $14.5 million (exclusive of transaction costs and severance payments).
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