Quarterly ResultJul 22, 2026, 04:52 PM
NETSTREIT Q2 Revenue +26.9%, Net Income +92.1%; Portfolio Expands
AI Summary
NETSTREIT Corp. reported strong financial results for the second quarter and first half of 2026, driven by significant expansion of its real estate portfolio. For the three months ended June 30, 2026, total revenues increased by 26.9% to $61.3 million, and net income attributable to common stockholders surged by 92.1% to $6.3 million. The company's total gross investment portfolio grew to $3.2 billion, with 135 properties acquired for $486.7 million during the first six months of 2026.
Key Highlights
- Q2 2026 total revenues increased 26.9% to $61.3 million.
- Q2 2026 net income attributable to common stockholders rose 92.1% to $6.3 million.
- Basic EPS for Q2 2026 was $0.06, up 50% from $0.04 in Q2 2025.
- Total gross investment portfolio grew to $3.2 billion as of June 30, 2026.
- Acquired 135 properties for $486.7 million in the first six months of 2026.
- Net cash provided by operating activities increased 19.6% to $63.1 million for H1 2026.
- Issued $138.5 million in common stock from public offerings in H1 2026.
- Restructured a mortgage loan, acquiring 20 properties and issuing a new $46.3 million mortgage note.
Price Impact
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