| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 57.06 | 24.3% |
| Total Income | 57.06 | 24.3% |
| Expenditure | 37.62 | 8.8% |
| PBT | 5.73 | 233.1% |
| Net Profit | 5.69 | 236.7% |
| OPM | — | |
| NPM | 9.97% | 6.28pp |
| EPS | 0.06 | 200.0% |
NETSTREIT Reports Q1 2026: AFFO Per Share at $0.34
21 Apr 2026 · 21 Apr, 1:46 am
Summary
NETSTREIT Corp. announced its financial and operating results for the first quarter ended March 31, 2026. The company reported a net income of $0.06 per diluted share and an Adjusted Funds from Operations (AFFO) of $0.34 per diluted share. NETSTREIT completed $239.0 million in gross investment activity at a 7.5% blended cash yield. Due to a strong start to the year, the company increased its 2026 AFFO per share guidance to a range of $1.36 to $1.39 and its net investment guidance to a range of $550 million to $650 million.
Key Highlights
- 1
NETSTREIT reported net income of $0.06 per diluted share for the first quarter of 2026.
- 2
Adjusted Funds from Operations (AFFO) reached $0.34 per diluted share for the first quarter.
- 3
The company completed $239.0 million of gross investment activity at a 7.5% blended cash yield during the first quarter.
- 4
2026 AFFO per share guidance has been increased to a new range of $1.36 to $1.39.
- 5
The 2026 net investment guidance range has been increased to $550 million to $650 million.
- 6
Gross forward equity sales totaled $314.3 million via a February follow-on and ATM in the first quarter.
Management Comments
Mark Manheimer
I am pleased to report a strong start to the year with a record amount of net investments completed this quarter. Our disciplined sourcing and underwriting allowed us to capitalize on an attractive acquisitions market while maintaining our strict risk adjusted return targets. Given the excellent condition of our balance sheet, which was strengthened by $314 million of gross forward equity sales in the quarter, we are increasing both our 2026 net investment guidance and the midpoint of our 2026 AFFO per share guidance.
Informational and educational content only. Not investment advice.