NYSE$NTST
Netstreit Corp · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Netstreit reported a net loss of $(0.07) and Adjusted Funds from Operations (AFFO) of $0.32 per diluted share for the fourth quarter of 2024, alongside record gross investment activity.
NETSTREIT delivered solid 2024 results, including a Company record $195.1 million of investments at a 7.4% cash yield in the fourth quarter. The company also accretively recycled capital with record dispositions of $59.3 million in the fourth quarter and made significant progress towards portfolio diversification goals. They are adopting a measured approach to capital deployment in 2025, focusing on quality net lease investments.
- Net loss per diluted share for Q4 2024 was $(0.07), a significant decrease from $0.03 in Q4 2023.
- Adjusted Funds from Operations (AFFO) per diluted share for Q4 2024 was $0.32, a 3.2% increase from $0.31 in Q4 2023.
- The company completed record gross investment activity of $195.1 million at a 7.4% blended cash yield in Q4 2024.
- NETSTREIT closed $275.0 million in additional financing commitments in January 2025, including a new $175.0 million senior unsecured term loan and an upsized $500.0 million revolving credit facility.
Headline financials
Revenue & EPS history
Netstreit · Revenue · Quarterly
$163K
Revenue by segment
Netstreit · $9.65M total across 1 segment · Q3 2020
- Rental Revenue$9.65M—100.0%
Forward guidance
NETSTREIT is initiating its full year 2025 AFFO per share guidance in the range of $1.27 to $1.30. The company expects 2025 net investment activity to be in the range of $75.0 million to $125.0 million and cash G&A to be in the range of $14.5 million to $15.5 million (exclusive of transaction costs and severance payments).
Tailwinds
- Introduces 2025 AFFO per share guidance of $1.27 to $1.30, indicating expected growth.
- Anticipates 2025 net investment activity between $75.0 million and $125.0 million, suggesting continued portfolio expansion.
- Declared a quarterly cash dividend of $0.21 per share for Q1 2025, an annualized increase of $0.02 per share over the prior year.
- Closed on $275.0 million in additional financing commitments in January 2025, enhancing liquidity and financial flexibility.
- Extended the maturity date of an existing $175.0 million senior unsecured term loan and amended credit agreements for improved pricing.
Headwinds
- The guidance is based on assumptions that are subject to change and outside the Company's control, meaning actual results may vary.
- AFFO is a non-GAAP financial measure, and a reconciliation to GAAP is not provided for forward-looking guidance, which could be misleading.
- The magnitude of event-driven transactional and other non-core operating items in future periods may be significant and are difficult to project.
- The company acknowledges that macroeconomic conditions, including inflation, interest rates, and banking system instability, could heighten risks.
- There is no assurance that the Company will achieve the results outlined in its guidance.
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 Q4 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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