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NETSTREIT (NTST)
NYSE:NTST
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.06Last Year’s EPS
-0.03Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 28, 2025
|% Change Since: 4.79%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong investment activity, portfolio diversification efforts, zero credit losses, and improved financial performance, suggesting solid operational execution. However, the investment pace was deliberately measured due to market uncertainties and cost of capital concerns. Overall, positive developments outweigh the challenges.Company Guidance
During the first quarter of 2025, NETSTREIT Corp. focused on diversifying its portfolio and maintaining a low leverage balance sheet. The company completed $90.7 million of gross investments at a blended cash yield of 7.7%, with a weighted average lease term of 9.2 years. Investment grade or investment grade profile tenants constituted 66% of the annual base rent (ABR) for these investments. The company also disposed of properties worth $40.3 million at a 7.3% blended cash yield. As a result, NETSTREIT's portfolio included 695 properties leased to 101 tenants across 26 industries in 45 states, with 71% of the total ABR leased to investment grade or investment grade profile tenants. The weighted average lease term remained at 9.7 years, with just 1.3% of ABR expiring through 2026. The company's top five tenant concentration decreased to 28.2% of ABR. Financially, NETSTREIT reported net income of $1.7 million, core funds from operations (FFO) of $24.6 million, and adjusted FFO (AFFO) of $26.2 million, representing a 3.2% increase over the previous year. The company updated its AFFO per share guidance to $1.28 to $1.30 for 2025, assuming net investment activity between $75 million and $125 million.Strong Investment Activity
NETSTREIT completed $90.7 million of gross investments at a blended cash yield of 7.7% with a weighted average lease term of 9.2 years. 66% of ABR came from investment grade and investment grade profile tenants.
Portfolio Diversification
Successfully reduced top five tenant concentration by 70 basis points to 28.2% of ABR, including a 50 basis point reduction in Dollar General concentration.
No Credit Losses
Reported zero credit losses during the quarter, maintaining a strong track record of credit performance.
Financial Performance and Increased Guidance
Core FFO for the quarter was $24.6 million or $0.30 per diluted share, and AFFO was $26.2 million or $0.32 per diluted share, a 3.2% increase over last year. Guidance for AFFO per share was increased to $1.28 to $1.30.
Capital Markets Activity
Closed on $275 million of additional financing commitments, including a new $175 million term loan and an upsized $500 million revolving credit facility.
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 28, 2025 | $15.44 | $15.74 | +1.94% |
Feb 24, 2025 | $13.85 | $14.39 | +3.90% |
Nov 04, 2024 | $14.49 | $15.26 | +5.31% |
Jul 29, 2024 | $15.89 | $16.00 | +0.69% |
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 24, 2025, TBA Not Confirmed.
What is NETSTREIT (NTST) earnings time?
NETSTREIT (NTST) earnings time is at Jul 24, 2025, TBA Not 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 2025 (Q2) is 0.06.