Core Insights - Albert Anthony is a Croatian-American business author and analyst contributing to Seeking Alpha with over 1,000 followers [1] - He has authored a book titled "Real Estate Investment Trusts (REITs): A Fundamental Analysis (2026 Edition)" available on Amazon [1] - Anthony has a background in business and information systems, having worked at Charles Schwab in the IT department [1] - He operates his own boutique equities research firm, Albert Anthony & Company, remotely [1] - The author has participated in numerous business and innovation conferences and has hosted a program for Online Live TV Croatia [1] - He holds a B.A. in Political Science and various certifications including Microsoft Fundamentals and Risk Management specialization from CFI [1] - Anthony is also active on YouTube discussing REITs and is an investor in REIT stocks [1] Company and Industry Summary - Albert Anthony & Company is a Texas-registered business focused on equities research [1] - The firm provides general market commentary and research based on publicly available data [1] - The author does not engage with non-publicly traded companies, small cap stocks, or startup CEOs [1]

Investment Activity - NETSTREIT completed a record $657.1 million of gross investment activity in 2025 at a blended cash yield of 7.5%[2] - In Q4 2025, NETSTREIT made 57 investments totaling $245.4 million, resulting in a net investment activity of $198.3 million for the quarter[5] - For 2026, NETSTREIT provided AFFO per share guidance of $1.35 to $1.39, with expected net investment activity between $350 million and $450 million[9] Financial Performance - The company reaffirmed its 2025 Adjusted Funds from Operations (AFFO) per share guidance of $1.30 to $1.31[8] - The cash yield on loan repayments was 10.1% for the year ended December 31, 2025[5] Ratings and Liquidity - The company achieved an investment grade rating of BBB- from Fitch Ratings in December 2025[2] - Total liquidity as of December 31, 2025, was $1.037 billion, including $499.9 million of unused unsecured revolver capacity[7] Tenant Quality - The percentage of annualized base rent (ABR) derived from investment grade tenants was 25.8% for Q4 2025[5] Administrative Expenses - The company expects cash general and administrative expenses for 2026 to be in the range of $16 million to $17 million[9] Lease Terms - The weighted average lease term for investments was 15.0 years as of December 31, 2025[5]

Core Viewpoint - NETSTREIT Corp. reported record gross investment activity in the fourth quarter and full year 2025, indicating strong operational performance and growth potential [1] Financial Performance - The company ended 2025 with over $1.0 billion in liquidity, showcasing a robust financial position [1] - Leverage remains well below the targeted range, contributing to an investment-grade balance sheet [1] Investment Activity - The company experienced back-to-back quarters of record gross investment activity, highlighting a successful investment strategy [1] - A prefunded investment pipeline is in place, suggesting future growth opportunities [1]

Core Viewpoint - NETSTREIT Corp. has received a BBB- issuer rating from Fitch Ratings, indicating a stable outlook based on its strong property portfolio and consistent operating performance [1] Group 1: Rating and Outlook - Fitch Ratings assigned NETSTREIT Corp. a BBB- issuer rating with a stable outlook [1] - The rating reflects the company's solid property portfolio and stable operating performance [1] Group 2: Performance Metrics - The company demonstrated resilient performance during the pandemic, maintaining an occupancy rate of over 99% [1] - Fitch noted the company's solid unit-level rent coverage and minimal credit losses [1]

Group 1 - The analyst has over 10 years of experience researching more than 1000 companies across various sectors including commodities and technology [1] - The focus has shifted from writing a blog to creating a value investing-focused YouTube channel, where hundreds of companies have been researched [1] - The analyst expresses a particular interest in metals and mining stocks, while also being comfortable with other industries such as consumer discretionary, REITs, and utilities [1]

Core Insights - The analyst has over 10 years of experience researching more than 1000 companies across various sectors, including commodities and technology [1] - The focus has shifted from blogging to a value investing-oriented YouTube channel, emphasizing research on hundreds of companies [1] - The analyst shows a particular interest in metals and mining stocks, while also being knowledgeable in consumer discretionary, REITs, and utilities [1] Company and Industry Summary - The analyst's research covers a wide range of industries, indicating a diverse investment approach [1] - The transition to a YouTube channel suggests a growing trend in digital content consumption for investment insights [1] - The emphasis on value investing reflects a strategic approach to identifying potential investment opportunities in various sectors [1]

Core Viewpoint - NETSTREIT Corp. has increased the low end of its full year 2025 AFFO per share guidance due to improved visibility in various areas, including the timing of fourth quarter net investment activity [1] Group 1 - The company is well positioned to meet or potentially exceed the high end of its net investment guidance, supported by a low levered balance sheet and a strong investment pipeline [1]

Group 1 - The Annual General and Special Meeting of Shareholders of Enthusiast Gaming Holdings Inc. is being recorded [1] - Participants are informed that disclosing personal information will imply consent to the recording and use of that information [1] - The meeting is led by Alex MacDonald, the Chief Executive Officer of the company [2]

Core Insights - NetSTREIT Corp reported better-than-expected third-quarter results, with quarterly FFO of 33 cents per share, surpassing the analyst consensus estimate of 32 cents per share, and quarterly sales of $48.308 million, exceeding the consensus estimate of $46.223 million [1] - The company affirmed its FY2025 FFO guidance of $1.29-$1.31 [1] Financial Performance - The third quarter saw record gross investment volume, supported by an improving cost of capital and over $690 million in recently raised capital [2] - NetSTREIT has a lowly levered balance sheet and over $1.1 billion in available liquidity, positioning the company for increased investments and strong long-term AFFO per share growth [2] Market Reaction - Following the earnings announcement, NetSTREIT shares fell by 3.4% to $18.88 [2] Analyst Ratings - Baird analyst Wesley Golladay maintained an Outperform rating on NetSTREIT and raised the price target from $20 to $21 [5] - Stifel analyst Simon Yarmak also maintained a Buy rating and raised the price target from $20 to $21 [5]

Core Insights - NetSTREIT Corp reported better-than-expected third-quarter results, with quarterly FFO of 33 cents per share, surpassing the analyst consensus estimate of 32 cents per share [1] - The company achieved quarterly sales of $48.308 million, exceeding the analyst consensus estimate of $46.223 million [1] - NetSTREIT affirmed its FY2025 FFO guidance of $1.29-$1.31 per share [1] Financial Performance - The CEO highlighted strong execution in Q3, achieving record gross investment volume and raising over $690 million in capital [2] - The company is ahead of its year-end diversification goals and has a lowly levered balance sheet with over $1.1 billion in available liquidity [2] - Despite positive results, NetSTREIT shares fell 3.4% to $18.88 following the announcement [2] Analyst Ratings and Price Targets - Analysts have adjusted their price targets for NetSTREIT following the earnings announcement [3] - Baird analyst Wesley Golladay maintained an Outperform rating and raised the price target from $20 to $21 [5] - Stifel analyst Simon Yarmak maintained a Buy rating and also raised the price target from $20 to $21 [5]