Netstreit reports Q2 AFFO 33c, consensus 32c

Reports Q2 revenue $48.286M, consensus $45.24M. “Our second quarter results reflect strong execution on net investment front as we completed $117.1 million of investments at a 7.8% cash yield and $60.4 million of dispositions at a 6.5% cash yield. We also took advantage of our improving cost of capital to strengthen our balance sheet by raising $46.1 million of equity via our ATM program. Coupled with our strong performing portfolio and our decision to re-emphasize external growth, we are increasing our 2025 guidance range for both net investment activity and AFFO per share,” said Mark Manheimer, Chief Executive Officer of NETSTREIT (NTST).