NETSTREIT (NTST)
NYSE:NTST
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Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.08Last Year’s EPS
0.04Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a largely positive operational and financial picture: NETSTREIT reported strong Q1 acquisition activity with attractive yields and long lease terms, increased full-year investment and AFFO guidance, reported AFFO growth of 6.3% YoY, and demonstrated a conservative, liquid balance sheet with ample capital to fund growth. Key risks discussed include dilution from outstanding forward equity (included in guidance), a small set of watchlist tenants/assets, higher absolute G&A, and caution around macro/interest rate-driven cap rate movement. These lowlights were framed as manageable and known, while the company emphasized execution, discipline, and ample liquidity to pursue opportunities.Company Guidance
Strong Q1 Acquisition Activity
Closed $239 million of gross investment activity in Q1 at an attractive blended cash yield of 7.5% and a weighted average lease term (WALT) on acquisitions of 14.1 years; management noted continued momentum and a deep sourcing pipeline.
Raised Full-Year Investment and AFFO Guidance
Increased 2026 net investment activity guidance to $550 million - $650 million and raised the low end of AFFO per share guidance to $1.36 - $1.39, reflecting confidence in the pipeline and capital position.
AFFO and Core FFO Growth
Reported AFFO of $33.2 million ($0.34 per diluted share) and Core FFO of $32.0 million ($0.32 per diluted share); AFFO per share for the quarter was up 6.3% year-over-year.
Robust Balance Sheet and Liquidity
Adjusted net debt was $629 million with an industry-leading adjusted net debt to annualized adjusted EBITDAre of 3.2x (comfortably below the 4.5x-5.5x target range); total liquidity of approximately $1.1 billion (including $412 million revolver availability, $606 million unsettled forward equity, $100 million undrawn term loan capacity, and $11 million cash).
Successful Capital Markets Execution
Completed a 12.6 million share forward equity offering raising $230.3 million net and ATM activity of 4.0 million shares raising $73.8 million net; total net proceeds from equity sales in the quarter were $304.1 million, positioning the company to fund 2026 activity.
High Portfolio Quality and Operating Metrics
Portfolio at quarter end: 804 properties, 138 tenants, 28 industries, 46 states; occupancy 99.9% at quarter end and returned to 100% post-quarter; weighted average remaining lease term increased to 10.2 years; unit-level rent coverage ticked up to 3.9x; investment grade and investment grade profile tenants remained flat at 58.3% of ABR.
Successful Leasing Execution
Backfilled the lone vacancy (former Big Lots) with a rated TJ Maxx at more than a 20% increase in rent, demonstrating asset management and real estate underwriting capabilities (tenant will commence rent after ~1 year of store work).
Dividend Declared
Board declared a quarterly cash dividend of $0.22 per share, payable June 15, 2026.
G&A Efficiency Despite Investment in Team
Total recurring G&A increased 9.7% year-over-year to $5.8 million (driven by staffing and investment in team), but G&A as a percent of revenue improved to 10% from 11% in the prior-year quarter, indicating better operational leverage.
NTST Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NTST Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 20, 2026 | $20.89 | $20.91 | +0.10% |
Feb 10, 2026 | $19.07 | $19.05 | -0.10% |
Oct 27, 2025 | $19.10 | $18.37 | -3.84% |
Jul 23, 2025 | $17.27 | $17.38 | +0.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does NETSTREIT (NTST) report earnings?
NETSTREIT (NTST) is schdueled to report earning on Jul 23, 2026, After Close (Confirmed).
What is NETSTREIT (NTST) earnings time?
NETSTREIT (NTST) earnings time is at Jul 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NTST EPS forecast?
NTST EPS forecast for the fiscal quarter 2026 (Q2) is 0.08.