NTST
NETSTREIT Corp.17.22
-0.27-1.54%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.66BP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0.05%Recent Filings
8-K
8-K
10-Q
Q3 FY2025 results
NETSTREIT's Q3 revenue climbed 16.6% y/y to $48.3M, fueled by 46 property acquisitions totaling $194.3M at a 7.6% cap rate, while rental income rose 17.9% y/y to $45.0M on a growing portfolio now spanning 723 assets across 45 states. Operating expenses dipped 7.1% y/y to $36.3M, thanks to lower impairments ($5.5M vs $9.8M y/y), though depreciation ticked up 4.6% y/y to $21.4M with the expanded base; net income flipped to $0.6M from a $5.3M loss y/y, with diluted EPS at $0.01 (reconciles to 85.6M shares). Cash swelled to $53.3M, FCF hit $76.7M (derived: $80.7M OCF minus $4.0M capex), but debt ballooned to $1.1B after $300M in new term loans (hedged at 4.6% avg rate, revolver undrawn). September's PNC deal locks in $300M capacity through 2032. Yet tenant defaults loom amid economic volatility.
8-K
NETSTREIT Q3 earnings surge
NETSTREIT Corp. reported Q3 2025 results with net income of $0.01 per diluted share and AFFO of $0.33 per diluted share, up 3.1% year-over-year, driven by record $203.9 million in gross investments at 7.4% cash yield. The company raised $219.8 million via forward equity and $450 million in term loans, boosting liquidity to $1.1 billion while maintaining 3.7x adjusted net debt to annualized adjusted EBITDAre. It raised 2025 net investment guidance to $350-$400 million. Strong execution fuels portfolio growth.
8-K
NETSTREIT closes $450M term loans
NETSTREIT Corp. closed a $450 million senior unsecured term loan facility on September 25, 2025, comprising a fully funded $200 million tranche maturing March 25, 2031, and a $250 million tranche with $100 million funded and $150 million available until September 25, 2026, maturing September 24, 2032. The deal, led by PNC Bank, bolsters liquidity for acquisitions and development while maintaining investment-grade leverage, with full hedging on the shorter tranche at 4.59% and partial on the longer at 4.92%. Amendments to existing credit agreements removed SOFR adjustments, aligning terms across facilities. Early prepayment on the longer tranche incurs a 2% fee in year one, dropping to 1% in year two.
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