NETSTREIT Corp. (NYSE:NTST) Q2 2024 Earnings Call Transcript July 30, 2024 11:00 AM ET Company Participants Amy An - IR Mark Manheimer - CEO Dan Donlan - CFO Conference Call Participants Wes Golladay - Baird Smedes Rose - Citi Ravi Vaidya - Mizuho Greg McGinniss - Scotiabank Upal Rana - KeyBanc Capital Markets Farrell Granath - Bank of America Ki Bin Kim - Truist Securities Operator Greetings and welcome to the NETSTREIT Corp. Second Quarter 2024 Earnings Call. At this time, all participants are in the list ...

This presentation also includes certain financial measures not presented in accordance with generally accepted accounting principles ("GAAP") including, but not limited to, FFO, Core FFO, AFFO, EBITDA, EBITDAre, Adjusted EBITDAre, Annualized Adjusted EBITDAre, NOI, Cash NOI, Normalized Cash NOI, Net Debt, Adjusted Net Debt, and Pro forma Adjusted Net Debt. These non-GAAP financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in underst ...

This quarterly report represents an FFO surprise of 3.23%. A quarter ago, it was expected that this company would post FFO of $0.30 per share when it actually produced FFO of $0.31, delivering a surprise of 3.33%. NETSTREIT, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $39.57 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.65%. This compares to year-ago revenues of $31.63 million. The company has topped consensus revenue estimate ...

On September 1, 2021, the Company entered into a $250.0 million at-the-market equity program (the "2021 ATM Program"). On October 25, 2023, the Company entered into a $300.0 million at-the-market equity program (the "2023 ATM Program") through which, from time to time, it may sell shares of its common stock in registered transactions. Effective October 24, 2023, in connection with the establishment of the new at-the-market offering program, the 2021 ATM Program was terminated. During April 2024, the Company ...

– Increased Quarterly Dividend by 2.4% to $0.21 Per Share – Six Months Ended June 30, NETSTREIT REPORTS SECOND QUARTER 2024 FINANCIAL AND OPERATING RESULTS – 2024 AFFO Per Share Guidance Range of $1.25 to $1.28 Maintained – SECOND QUARTER 2024 HIGHLIGHTS Three Months Ended June 30, – Net loss of $(0.03) and Adjusted Funds from Operations ("AFFO") of $0.32 Per Diluted Share – – Completed $115.7 Million of Gross Investment Activity at 7.5% Blended Cash Yield – Dallas, TX – July 29, 2024 – NETSTREIT Corp. (NYS ...

E4C/E+ via Getty Images NETSTREIT (NYSE:NTST) is worth holding as the Company operates within the resilient property sector and has: Introduction refer to the link provided below to get a better grasp on the development of my take on NTST. Without further ado, let's review its business - enjoy the read! Netstreit: There Are More Attractive Opportunities Given Its Valuation NTST - The Bright Side Of A Coin As of March 2024, NTST owned 628 properties, which is ~3 times less than the smallest of the above enti ...

Netstreit Corp. has, despite its comparatively small size, one of the better, conservative portfolios out there. We keep both aforementioned triple-net REITs at a maximum allocation almost at all times. NTST, along with companies like VICI (VICI) and a few more businesses and REITs, are companies that we put capital into when we can't put it in other REITs due to allocation rules. Not because these companies are bad, but because the other ones are simply higher rated, and sometimes even come with a higher y ...

filo/iStock via Getty Images Investment thesis NETSTREIT Corp. (NYSE:NTST) has mostly solid business and credit metrics, there are also some risks accompanied by a relatively high P/FFO multiple when compared to the leading sector REITs. However, the Company has a coherent investment strategy with a clear growth path, which may make it worth holding and collecting well-covered dividends to support patience. According to the above, I have a neutral view of NTST and believe there are more attractive investmen ...

NETSTREIT Corp. (NYSE:NTST) Q1 2024 Earnings Conference Call April 30, 2024 11:00 AM ET Company Participants Amy An - Investor Relations Mark Manheimer - Chief Executive Officer Dan Donlan - Chief Financial Officer Conference Call Participants Haendel St. Juste - Mizuho Securities Smedes Rose - Citi Greg McGinniss - Scotiabank Alec Feygin - Baird Farrell Granath - Bank of America Antara Nag-Chaudhuri - KeyBanc Capital Markets Operator Ladies and gentlemen, good morning and welcome to the NETSTREIT Corp. Fir ...

Disclaimer 2 Source: Company data and balance sheet as of March 31, 2024, unless otherwise noted. Figures represent percentage of ABR unless otherwise noted. 1. Represents tenants with investment grade credit metrics (more than $1.0 billion in annual sales and a debt to adjusted EBITDA ratio of less than 2.0x), but do not carry a published rating from S&P, Fitch, Moody's, or NAIC. 2. Reflects 1,635,600 of unsettled forward equity shares sold from the ATM program during April 2024 at a net settlement price o ...