NYSE$NTST
Netstreit Corp · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Netstreit's financial performance reflected a net loss but was offset by strong investment activity and consistent AFFO per share.
NETSTREIT Corp. reported a net loss of $(0.07) per diluted share for Q3 2024, but achieved record gross investment activity of $151.6 million at a 7.5% blended cash yield. The company maintained its 2024 AFFO per share guidance midpoint.
- Highest quarterly investment activity in company history with $151.6 million in gross investments.
- Blended cash yield of 7.5% on recent investments.
- Maintained 100% occupancy across the portfolio.
- AFFO per share was reported as $0.32.
Headline financials
Revenue & EPS history
Netstreit · Revenue · Quarterly
$41.4M
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 2024 AFFO per share guidance midpoint and updating the range to $1.26 to $1.27 from its prior range of $1.25 to $1.28. The Company now expects cash G&A to be in the range of $12.8 million to $13.2 million (exclusive of transaction costs and severance payments).
Tailwinds
- Maintaining full year 2024 AFFO per share guidance midpoint.
- Updating the AFFO per share range to $1.26 to $1.27.
- Expects cash G&A to be in the range of $12.8 million to $13.2 million.
Headwinds
- 2024 guidance is based on a number of assumptions that are subject to change.
- Actual results may vary from these assumptions, which could change the Company's expectations.
- There can be no assurance that the Company will achieve these results.
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 2024
+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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