NETSTREIT (NTST) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - NETSTREIT (NTST) reported $41.44 million in revenue for Q3 2024, a 22% year-over-year increase, with an EPS of $0.32 compared to $0.06 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $41.1 million, resulting in a surprise of +0.83%, while the EPS met the consensus estimate [1] Revenue Performance - Interest income on loans receivable was $3.27 million, surpassing the estimated $2.70 million by 45.8% year-over-year [3] - Rental revenue, including reimbursable, was $38.17 million, slightly above the estimated $38.08 million, reflecting a 22.5% year-over-year increase [3] Earnings Performance - The diluted net earnings per share were -$0.07, which was below the average estimate of $0.06 based on three analysts [3] Stock Performance - NETSTREIT shares have returned -2.1% over the past month, contrasting with the Zacks S&P 500 composite's +0.4% change [4] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [4]