NYSE$NTST
Netstreit Corp · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Announced financial and operating results, completed gross investment activity, strengthened portfolio foundation through dispositions, and increased net acquisition guidance.
NETSTREIT reported its Q3 2021 results, featuring $94.3 million in gross investment activity and $18.8 million in dispositions. The company acquired 26 properties for approximately $90.1 million with a 6.2% initial cash capitalization rate. Net income per share was $0.07, and AFFO per share was $0.24. The company also revised its full year 2021 AFFO per share guidance to $0.93 to $0.95.
- Completed $94.3 million of gross investment activity.
- Executed $18.8 million in dispositions, strengthening the portfolio.
- Acquired 26 properties for approximately $90.1 million at a 6.2% initial cash capitalization rate.
- Reported net income per share of $0.07 and AFFO per share of $0.24.
Headline financials
Revenue & EPS history
Netstreit · Revenue · Quarterly
$15.6M
Revenue by segment
Netstreit · $9.65M total across 1 segment · Q3 2020
- Rental Revenue$9.65M—100.0%
Forward guidance
The Company is revising its full year 2021 AFFO per share guidance in the range of $0.93 to $0.95 per share, primarily as a result of higher than anticipated disposition activity, as well as acquisition timing, in the third quarter.
Tailwinds
- Increasing net acquisition activity to be at least $400 million.
- Cash G&A expected to be at the top end of the previously provided range of $11.0 to $12.0 million.
- Non-cash compensation expense expected to be at the midpoint of the previously provided range of $3.0 to $4.0 million.
- Cash interest expense expected to be at the lower end of the previously provided range of $3.0 to $3.5 million.
- Taxes expected to be at the top end of the previously provided range of $0.2 to $0.3 million.
Headwinds
- Higher than anticipated disposition activity.
- Acquisition timing in the third quarter.
- Revised AFFO per share guidance in the range of $0.93 to $0.95.
- Guidance does not include net income (loss) per share.
- Unavailability of reliable estimates for certain items.
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 2021
+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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