Netstreit reports Q1 AFFO 32c, consensus 31c

Reports Q1 revenue $45.91M, consensus $44.61M. “I am pleased to report our results for the first quarter, which reflect our ongoing strategic focus on active and accretive capital recycling to further enhance the diversity of our portfolio. This disciplined approach resulted in $90.7 million of new investments at a 7.7% cash yield this quarter and a further reduction in select top tenant concentrations. Given the excellent condition of our balance sheet and the exceptional performance of our defensively positioned net lease portfolio, we are increasing the midpoint of our AFFO per share guidance,” said Mark Manheimer, Chief Executive Officer of NETSTREIT (NTST).