NETSTREIT Reports Third Quarter 2026 Financial and Operating Results
NETSTREIT reported Q3 2026 AFFO of $0.35 per diluted share, up 6.1% YoY, with net income of $0.08 per share versus $0.01 a year ago on total revenues of $66.3 million. The company completed $273.1 million of gross investments at a 7.4% blended cash yield and raised its 2026 net investment activity target to at least $800 million, while maintaining AFFO guidance of $1.37-$1.39 per share. Management settled 24.0 million forward equity shares in the quarter and secured $550 million of additional financing commitments, extending the debt maturity profile with no major maturities until 2029.
Key figures
- Eps
- 0.08
- Revenue
- 66262000
- Guidance
- FY2026 AFFO per share maintained at $1.37-$1.39; cash G&A $16.5M-$17.0M; 2026 net investment activity raised to at least $800M from $700M-$800M
- Revenue Yoy
- 37.2%
- Occupancy
- 99.9%
- Ffo per share
- 0.35
- Affo per share
- 0.35
- Total liquidity
- $1,254,034 thousand
- Affo per share yoy
- 6.1%
- Blended cash yield
- 7.4%
- Core ffo per share
- 0.34
- Quarterly dividend
- 0.225
- Annualized dividend
- 0.9
- Net debt to ebitdare
- 5.0x
- Q3 gross investments
- $273.1 million
- Adjusted net debt to ebitdare
- 3.7x
AI analysis
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