Asset AcquisitionNTST achieved a record volume quarter, acquiring 52 assets for ~$195M at a 7.4% cash cap rate, with ~35% of the quarter's acquisitions stemming from investment-grade operators.
Capital StructureNETSTREIT's capital structure is viewed positively, with no debt maturities until 2027 and a focus on maintaining a defensive portfolio.
EarningsNETSTREIT reported AFFO/sh of $0.32, $0.01 above the estimate, indicating better than anticipated property and operating expense management.