NYSE$NTST
Netstreit Corp · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported strong portfolio performance and investment activity, strengthened balance sheet, and narrowed full-year AFFO guidance.
NETSTREIT reported a strong third quarter with significant investment activity and portfolio performance. The company completed $129.6 million in net investment activity, including the acquisition of 26 properties for $131.3 million. They also completed a forward equity offering and closed a sustainability-linked credit facility. The company is narrowing its AFFO per share guidance for the full year 2022 to $1.15 to $1.17.
- Net income per share decreased to $0.03 compared to $0.07 from the prior year period.
- Core Funds from Operations (FFO) per share increased to $0.28, compared to $0.22 from the prior year period.
- AFFO per share increased to $0.30, compared to $0.24 from the prior year period.
- Completed $129.6 million of net investment activity.
Headline financials
Revenue & EPS history
Netstreit · Revenue · Quarterly
$25M
Revenue by segment
Netstreit · $9.65M total across 1 segment · Q3 2020
- Rental Revenue$9.65M—100.0%
Forward guidance
The Company is narrowing its AFFO per share guidance range to $1.15 to $1.17 per share, resulting in an increase to the midpoint of the range.
Tailwinds
- Cash G&A to remain in the range of $14.5 million to $15.0 million (inclusive of transaction costs).
- Non-cash compensation expense to be in the range of $5.0 million to $5.5 million.
- Cash interest expense narrowed to a range of $8.0 million to $9.0 million.
- Non-cash deferred financing fee amortization remaining at a range of $0.8 million to $0.9 million.
- Full year 2022 diluted weighted average shares outstanding is being narrowed to a range of 50.0 million to 51.0 million shares.
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 2022
+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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