NYSE$NTST

Netstreit Corp · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Netstreit reported a net loss of $0.11 and AFFO of $0.21 per share for Q3 2020.

NETSTREIT reported their Q3 2020 financial results, highlighting a net loss of $0.11 per share and Adjusted Funds from Operations (AFFO) of $0.21 per share. They collected 98.1% of third quarter rents and completed approximately $103 million in acquisitions. The company also raised net proceeds of $227.3 million through their Initial Public Offering.

  • Reported net loss per share of $0.11, Core Funds from Operations (“Core FFO”) per share of $0.15 and AFFO per share of $0.21 per share.
  • Collected 98.1% of third quarter rents as contemplated in original leases.
  • Completed approximately $103 million of acquisitions.
  • Raised net proceeds of $227.3 million through Initial Public Offering.

Headline financials

Total Revenue

$9.65M

Previous: $4.79M+101.7%
EPS (adj)

$0.21

Previous: -$0.11+286.2%
Occupancy Rate

100.0%

No prior period
WALT

11.1

No prior period
IG Rated Tenants

68.0%

No prior period
Capital Expenditures

-$94K

No prior period
Free Cash Flow

-$2.17M

No prior period
Net Income

-$2.08M

Previous: -$2.74M+24.2%
Operating Income

-$1.57M

Previous: -$291K-440.5%
Gross Profit

$4.34M

Previous: $4.49M-3.5%
Cash & Equivalents

$137M

No prior period
Total Assets

$725M

No prior period
Stock-Based Comp

$1.75M

No prior period

Revenue & EPS history

Netstreit · Revenue · Quarterly

$9.65M

Q3 2020+101.7%vs Q3 2019
Beat estimate in 10 of 10 quarters(100%)
ActualEstimate

Revenue by segment

Netstreit · $9.65M total across 1 segment · Q3 2020

  • Rental Revenue
    $9.65M

Forward guidance

NETSTREIT believes it is well positioned to offer an attractive combination of yield and cash flow growth to shareholders as they look ahead to 2021 and beyond.

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 Q3 2020

Historical avgQ3 2020

+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

Earnings price reactions
QuarterReport dateReaction (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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