NYSE$NTST
Netstreit Corp · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Netstreit's financial performance for Q1 2023 was reported, featuring a net income of $0.03 per share and an AFFO of $0.30 per diluted share.
NETSTREIT Corp. reported solid financial and operating results for the first quarter ended March 31, 2023, with a net income of $0.03 per share and an AFFO of $0.30 per diluted share. The company completed $112.7 million of net investment activity and maintains its AFFO guidance and net investment target for 2023.
- Net income per share was $0.03, compared to $0.04 in the prior year period.
- Core Funds from Operations (Core FFO) per share was $0.28, consistent with the prior year period.
- Adjusted Funds from Operations (AFFO) per share was $0.30, compared to $0.29 in the prior year period.
- The portfolio remained 100.0% occupied as of March 31, 2023.
Headline financials
Revenue & EPS history
Netstreit · Revenue · Quarterly
$29.5M
Revenue by segment
Netstreit · $9.65M total across 1 segment · Q3 2020
- Rental Revenue$9.65M—100.0%
Forward guidance
The Company is maintaining its full year 2023 AFFO per share guidance of $1.17 to $1.23 per share and expects net investment activity to be at least $400.0 million in 2023.
Tailwinds
- Maintaining full year 2023 AFFO per share guidance of $1.17 to $1.23.
- Expecting net investment activity to be at least $400.0 million in 2023.
- Focus on acquisitions.
- Focus on developments where rent commenced.
- Focus on mortgage loans receivable, net of dispositions.
Headwinds
- Forward-looking financial measures are provided on a non-GAAP basis.
- Reconciliation of forward-looking measures to GAAP is not provided.
- Difficulty of projecting event-driven transactional and other non-core operating items.
- Magnitude of these items may be significant.
- Uncertainties related to rising interest rates and macroeconomic conditions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.6%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+1.5%
Avg return
30 days after
56%
14 / 25 earnings
Positive
+5.7%
Q4 2021
Best reaction
-3.9%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.5% | -1.6% | -1.6% | |
| Q4 2025 | -0.1% | +4.8% | +5.1% | |
| Q3 2025 | -3.9% | -4.7% | -6.7% | |
| Q2 2025 | +0.1% | +1.0% | -2.8% | |
| Q1 2025 | +2.0% | +0.9% | +0.9% | |
| Q4 2024 | +3.9% | +5.1% | +9.6% | |
| Q3 2024 | +4.0% | +5.6% | +2.9% | |
| Q2 2024 | +0.1% | -4.0% | -0.2% | |
| Q1 2024 | -0.9% | +2.1% | -0.9% | |
| Q4 2023 | +3.9% | +2.4% | +1.1% | |
| Q3 2023 | -1.9% | +1.6% | +11.5% | |
| Q2 2023 | -1.1% | -2.1% | -6.7% | |
| Q1 2023 | +1.9% | +2.5% | +1.1% | |
| Q4 2022 | +2.0% | +3.5% | -8.4% | |
| Q3 2022 | +1.8% | +4.1% | +7.1% | |
| Q2 2022 | -0.6% | +0.1% | -0.5% | |
| Q1 2022 | -2.7% | -3.7% | -4.3% | |
| Q4 2021 | +5.7% | +3.9% | +5.9% | |
| Q3 2021 | -2.5% | -3.5% | -12.3% | |
| Q2 2021 | +2.8% | +4.5% | +2.7% | |
| Q1 2020 | -0.5% | +1.7% | +6.6% | |
| Q1 2021 | -0.5% | +1.7% | +6.6% | |
| Q2 2020 | -3.0% | -2.3% | +1.7% | |
| Q4 2019 | +1.9% | +1.2% | +8.6% | |
| Q3 2020 | +1.5% | +4.8% | +10.9% | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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