NETSTREIT is an internally managed Real Estate Investment Trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide. The growing portfolio consists of high-quality properties leased to e-commerce resistant tenants with healthy balance sheets. Led by a management team of seasoned commercial real estate executives, NETSTREIT's strategy is to create the highest quality net lease retail portfolio in the country with the goal of generating consistent cash flows and dividends for its investors.
IPO Year: 2020
Exchange: NYSE
Website: netstreit.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/11/2024 | $16.00 → $18.00 | Sector Perform → Sector Outperform | Scotiabank |
10/14/2024 | $19.00 | Buy | UBS |
8/21/2024 | $20.00 → $19.00 | Outperform → Strong Buy | Raymond James |
8/19/2024 | Neutral | Wedbush | |
2/1/2024 | Underweight → Sector Weight | KeyBanc Capital Markets | |
1/2/2024 | $22.00 | Peer Perform → Outperform | Wolfe Research |
12/13/2023 | $17.00 | Outperform → Neutral | Exane BNP Paribas |
12/11/2023 | $15.00 → $18.00 | Neutral → Buy | Mizuho |
10/19/2023 | $15.00 | Neutral | Mizuho |
10/12/2023 | $13.00 | Sector Weight → Underweight | KeyBanc Capital Markets |
4 - NETSTREIT Corp. (0001798100) (Issuer)
NETSTREIT Corp. (NYSE:NTST) (the "Company"), a nationwide owner of high-quality, single-tenant net lease properties, today announced that it will release its third quarter 2024 financial results on November 4, 2024 after the close of trading on the New York Stock Exchange. A conference call will be held on Tuesday, November 5, 2024 at 11:00 AM ET. A live webcast will be accessible on the "Investor Relations" section of the Company's website at www.NETSTREIT.com. To listen to the live webcast, please go to the site at least 15 minutes prior to the scheduled start time to register and install any necessary audio software. To participate in the telephone conference call: Domestic: 1-877-451-
– Net loss of $(0.03) and Adjusted Funds from Operations ("AFFO") of $0.32 Per Diluted Share – – Completed $115.7 Million of Gross Investment Activity at 7.5% Blended Cash Yield – – 2024 AFFO Per Share Guidance Range of $1.25 to $1.28 Maintained – – Increased Quarterly Dividend by 2.4% to $0.21 Per Share – NETSTREIT Corp. (NYSE:NTST) (the "Company") today announced financial and operating results for the second quarter ended June 30, 2024. "I am pleased to report we completed $116 million in investments at a blended cash yield of 7.5% for the second quarter, and have completed approximately $245 million year to date. As we head into the second half of 2024, we remain disciplined i
NETSTREIT Corp. (the "Company"), a nationwide owner of high-quality, single-tenant net lease properties, today announced that it will release its second quarter 2024 financial results on July 29, 2024 after the close of trading on the New York Stock Exchange. A conference call will be held on Tuesday, July 30, 2024 at 11:00 AM ET. A live webcast will be accessible on the "Investor Relations" section of the Company's website at www.NETSTREIT.com. To listen to the live webcast, please go to the site at least 15 minutes prior to the scheduled start time to register and install any necessary audio software. To participate in the telephone conference call: Dial in at least five minutes prior
– Net income of $0.01 and Adjusted Funds from Operations ("AFFO") of $0.31 Per Diluted Share for First Quarter – – Completed $129.2 Million of Gross Investment Activity at 7.5% Blended Cash Yield for First Quarter – – Increasing Low End of 2024 AFFO Per Share Guidance to a New Range of $1.25 to $1.28 – – Completed $198.7 Million Forward Equity Offering in January 2024 – – $30.8 Million of Forward Equity Sales through ATM Year to Date – NETSTREIT Corp. (NYSE:NTST) (the "Company") today announced financial and operating results for the first quarter ended March 31, 2024. "I'm proud to report NETSTREIT's strong start to the year. We raised a combined $229.5 million from our January
NETSTREIT Corp. (NYSE:NTST) (the "Company"), a nationwide owner of high-quality, single-tenant net lease properties, today announced that it will release its first quarter 2024 financial results on April 29, 2024 after the close of trading on the New York Stock Exchange. A conference call will be held on Tuesday, April 30, 2024 at 11:00 AM ET. A live webcast will be accessible on the "Investor Relations" section of the Company's website at www.NETSTREIT.com. To listen to the live webcast, please go to the site at least 15 minutes prior to the scheduled start time to register and install any necessary audio software. To participate in the telephone conference call: Dial in at least five
NETSTREIT Corp. (NYSE:NTST) (the "Company") today announced the release of its inaugural Corporate Responsibility Report. The report details NETSTREIT's ongoing commitment to corporate governance, social responsibility, and environmental stewardship efforts. "I am proud to present our inaugural Corporate Responsibility Report, which highlights our initiatives and achievements during the last year. As we grow, we will continue to work towards enhancing our corporate responsibility goals and ensure they align with our corporate strategy to bring long term value to our shareholders," said Mark Manheimer, Chief Executive Officer of NETSTREIT. NETSTREIT's 2023 Corporate Responsibility Report
NETSTREIT Corp. (the "Company"), a nationwide owner of high-quality, single-tenant net lease properties, today announced that it will release its fourth quarter and full year 2023 financial results on Wednesday, February 14, 2024 after the close of trading on the New York Stock Exchange. A conference call will be held on Thursday, February 15, 2024 at 12:00 PM ET. A live webcast will be accessible on the "Investor Relations" section of the Company's website at www.NETSTREIT.com. To listen to the live webcast, please go to the site at least 15 minutes prior to the scheduled start time to register and install any necessary audio software. To participate in the telephone conference call: D
– Completed $480.5 Million of Gross Investment Activity at 7.2% Blended Cash Yield for 2023 – – Reaffirms 2023 Adjusted Funds from Operations ("AFFO") Per Share Guidance of $1.21 to $1.23 – – Provides 2024 AFFO Per Share Guidance of $1.24 to $1.28 – NETSTREIT Corp. (NYSE:NTST) (the "Company") today provided an update on the Company's fourth quarter and full year 2023 business activities. "With the Company completing $431.0 million of net investment activity in 2023, we were pleased to meet our investment objectives for the year and maintain our focus on owning high quality net lease properties leased to tenants with exceptional credit profiles. Coupled with the $76.7 million of equi
– Net income of $0.06 and Adjusted Funds from Operations ("AFFO") of $0.31 Per Diluted Share – – Completed $117.5 Million of Investment Activity at 7.0% Blended Cash Yield– – Increases 2023 AFFO per Share Guidance Range to $1.21 to $1.23 – NETSTREIT Corp. (NYSE:NTST) (the "Company") today announced financial and operating results for the third quarter ended September 30, 2023. "We are pleased to announce another solid quarter of results, completing $103.9 million in net investment activity in the quarter. We are also increasing our 2023 AFFO per share guidance midpoint, which implies 5% growth over last year. While the higher for longer narrative has placed upward pressure on the co
NETSTREIT Corp. (the "Company"), a nationwide owner of high-quality, single-tenant net lease properties, today announced that it will release its third quarter 2023 financial results on Wednesday, October 25, 2023 after the close of trading on the New York Stock Exchange. A conference call will be held on Thursday, October 26, 2023 at 11:00 AM ET. A live webcast will be accessible on the "Investor Relations" section of the Company's website at www.NETSTREIT.com. To listen to the live webcast, please go to the site at least fifteen minutes prior to the scheduled start time to register and install any necessary audio software. A replay of the webcast will be available for 90 days on the Com
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4 - NETSTREIT Corp. (0001798100) (Issuer)
4 - NETSTREIT Corp. (0001798100) (Issuer)
4 - NETSTREIT Corp. (0001798100) (Issuer)
4 - NETSTREIT Corp. (0001798100) (Issuer)
4 - NETSTREIT Corp. (0001798100) (Issuer)
4 - NETSTREIT Corp. (0001798100) (Issuer)
4 - NETSTREIT Corp. (0001798100) (Issuer)
4 - NETSTREIT Corp. (0001798100) (Issuer)
4 - NETSTREIT Corp. (0001798100) (Issuer)
4 - NETSTREIT Corp. (0001798100) (Issuer)
– Net loss of $(0.07) and Adjusted Funds from Operations ("AFFO") of $0.32 Per Diluted Share – – Completed Record Gross Investment Activity of $151.6 Million at a 7.5% Blended Cash Yield – – 2024 AFFO Per Share Guidance Midpoint Maintained – – Lori Wittman Appointed as Chair of the Board of Directors – NETSTREIT Corp. (NYSE:NTST) (the "Company") today announced financial and operating results for the third quarter ended September 30, 2024. "We are pleased to announce our highest quarterly investment activity in the Company's history with $151.6 million in gross investments at a blended cash yield of 7.5%. Our 100% occupied portfolio remains in excellent condition to support our growing
NETSTREIT Corp. (NYSE:NTST) (the "Company"), a nationwide owner of high-quality, single-tenant net lease properties, today announced that it will release its third quarter 2024 financial results on November 4, 2024 after the close of trading on the New York Stock Exchange. A conference call will be held on Tuesday, November 5, 2024 at 11:00 AM ET. A live webcast will be accessible on the "Investor Relations" section of the Company's website at www.NETSTREIT.com. To listen to the live webcast, please go to the site at least 15 minutes prior to the scheduled start time to register and install any necessary audio software. To participate in the telephone conference call: Domestic: 1-877-451-
– Net loss of $(0.03) and Adjusted Funds from Operations ("AFFO") of $0.32 Per Diluted Share – – Completed $115.7 Million of Gross Investment Activity at 7.5% Blended Cash Yield – – 2024 AFFO Per Share Guidance Range of $1.25 to $1.28 Maintained – – Increased Quarterly Dividend by 2.4% to $0.21 Per Share – NETSTREIT Corp. (NYSE:NTST) (the "Company") today announced financial and operating results for the second quarter ended June 30, 2024. "I am pleased to report we completed $116 million in investments at a blended cash yield of 7.5% for the second quarter, and have completed approximately $245 million year to date. As we head into the second half of 2024, we remain disciplined i
NETSTREIT Corp. (the "Company"), a nationwide owner of high-quality, single-tenant net lease properties, today announced that it will release its second quarter 2024 financial results on July 29, 2024 after the close of trading on the New York Stock Exchange. A conference call will be held on Tuesday, July 30, 2024 at 11:00 AM ET. A live webcast will be accessible on the "Investor Relations" section of the Company's website at www.NETSTREIT.com. To listen to the live webcast, please go to the site at least 15 minutes prior to the scheduled start time to register and install any necessary audio software. To participate in the telephone conference call: Dial in at least five minutes prior
– Net income of $0.01 and Adjusted Funds from Operations ("AFFO") of $0.31 Per Diluted Share for First Quarter – – Completed $129.2 Million of Gross Investment Activity at 7.5% Blended Cash Yield for First Quarter – – Increasing Low End of 2024 AFFO Per Share Guidance to a New Range of $1.25 to $1.28 – – Completed $198.7 Million Forward Equity Offering in January 2024 – – $30.8 Million of Forward Equity Sales through ATM Year to Date – NETSTREIT Corp. (NYSE:NTST) (the "Company") today announced financial and operating results for the first quarter ended March 31, 2024. "I'm proud to report NETSTREIT's strong start to the year. We raised a combined $229.5 million from our January
NETSTREIT Corp. (NYSE:NTST) (the "Company"), a nationwide owner of high-quality, single-tenant net lease properties, today announced that it will release its first quarter 2024 financial results on April 29, 2024 after the close of trading on the New York Stock Exchange. A conference call will be held on Tuesday, April 30, 2024 at 11:00 AM ET. A live webcast will be accessible on the "Investor Relations" section of the Company's website at www.NETSTREIT.com. To listen to the live webcast, please go to the site at least 15 minutes prior to the scheduled start time to register and install any necessary audio software. To participate in the telephone conference call: Dial in at least five
NETSTREIT Corp. (NYSE:NTST) (the "Company") today announced the release of its inaugural Corporate Responsibility Report. The report details NETSTREIT's ongoing commitment to corporate governance, social responsibility, and environmental stewardship efforts. "I am proud to present our inaugural Corporate Responsibility Report, which highlights our initiatives and achievements during the last year. As we grow, we will continue to work towards enhancing our corporate responsibility goals and ensure they align with our corporate strategy to bring long term value to our shareholders," said Mark Manheimer, Chief Executive Officer of NETSTREIT. NETSTREIT's 2023 Corporate Responsibility Report
– Net income of $0.03 and Adjusted Funds from Operations ("AFFO") of $0.31 Per Diluted Share for Fourth Quarter – – Completed $119.1 Million of Gross Investment Activity at 7.2% Blended Cash Yield for Fourth Quarter – – Reaffirms 2024 AFFO Per Share Guidance of $1.24 to $1.28 – – Completed Forward Equity Offering in January 2024, Raising $190.8 Million of Net Proceeds – NETSTREIT Corp. (NYSE:NTST) (the "Company") today announced financial and operating results for the fourth quarter and year ended December 31, 2023. "We're proud of our strong execution and performance in 2023, completing $481 million of gross investment activity and growing our 2023 AFFO per diluted share by 5% fr
NETSTREIT Corp. (the "Company"), a nationwide owner of high-quality, single-tenant net lease properties, today announced that it will release its fourth quarter and full year 2023 financial results on Wednesday, February 14, 2024 after the close of trading on the New York Stock Exchange. A conference call will be held on Thursday, February 15, 2024 at 12:00 PM ET. A live webcast will be accessible on the "Investor Relations" section of the Company's website at www.NETSTREIT.com. To listen to the live webcast, please go to the site at least 15 minutes prior to the scheduled start time to register and install any necessary audio software. To participate in the telephone conference call: D
NETSTREIT Corp. (the "Company") announced today that it has closed its previously announced public offering of 11,040,000 shares of its common stock, which includes the full exercise of the underwriters' option to purchase additional shares, at a public offering price of $18.00 per share in connection with the forward sale agreements described below. Wells Fargo Securities and BofA Securities acted as the book-running managers and representatives of the underwriters for the offering. Jefferies, Truist Securities, Capital One Securities, Regions Securities LLC, Scotiabank, TD Securities, Mizuho, Stifel and Citigroup acted as joint book-running managers for the offering. Baird, BTIG, Raymon
10-Q - NETSTREIT Corp. (0001798100) (Filer)
8-K - NETSTREIT Corp. (0001798100) (Filer)
8-K - NETSTREIT Corp. (0001798100) (Filer)
8-K - NETSTREIT Corp. (0001798100) (Filer)
8-K - NETSTREIT Corp. (0001798100) (Filer)
S-3ASR - NETSTREIT Corp. (0001798100) (Filer)
10-Q - NETSTREIT Corp. (0001798100) (Filer)
8-K - NETSTREIT Corp. (0001798100) (Filer)
8-K - NETSTREIT Corp. (0001798100) (Filer)
10-Q - NETSTREIT Corp. (0001798100) (Filer)
NETSTREIT Corp. (NYSE:NTST) (the "Company"), today announced the appointment of Daniel P. Donlan as its new Chief Financial Officer and Treasurer ("CFO") effective April 10, 2023. Mr. Donlan will be based at the Company's headquarters in Dallas, TX. "We are pleased to welcome Dan to the NETSTREIT team," said Mark Manheimer, Chief Executive Officer of NETSTREIT. "Dan's extensive capital markets, investor relations, and net lease industry experience will be invaluable as we continue to opportunistically raise growth capital and source high quality investments to produce strong risk adjusted returns. I would also like to thank Lori Wittman for stepping in as Interim Chief Financial Officer w
Scotiabank upgraded NETSTREIT from Sector Perform to Sector Outperform and set a new price target of $18.00 from $16.00 previously
UBS initiated coverage of NETSTREIT with a rating of Buy and set a new price target of $19.00
Raymond James upgraded NETSTREIT from Outperform to Strong Buy and set a new price target of $19.00 from $20.00 previously
Wedbush initiated coverage of NETSTREIT with a rating of Neutral
KeyBanc Capital Markets upgraded NETSTREIT from Underweight to Sector Weight
Wolfe Research upgraded NETSTREIT from Peer Perform to Outperform and set a new price target of $22.00
Exane BNP Paribas downgraded NETSTREIT from Outperform to Neutral and set a new price target of $17.00
Mizuho upgraded NETSTREIT from Neutral to Buy and set a new price target of $18.00 from $15.00 previously
Mizuho initiated coverage of NETSTREIT with a rating of Neutral and set a new price target of $15.00
KeyBanc Capital Markets downgraded NETSTREIT from Sector Weight to Underweight and set a new price target of $13.00
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the real estate sector. Agree Realty Corporation (NYSE:ADC) Dividend Yield: 4.94% Truist Securities analyst Ki
Scotiabank analyst Nicholas Yulico maintains Netstreit (NYSE:NTST) with a Sector Perform and raises the price target from $17 to $18.
Netstreit (NYSE:NTST) reported quarterly earnings of $0.31 per share which beat the analyst consensus estimate of $0.29 by 6.9 percent. The company reported quarterly sales of $37.673 million which beat the analyst consensus estimate of $36.982 million by 1.87 percent. This is a 27.91 percent increase over sales of $29.452 million the same period last year.
In the preceding three months, 4 analysts have released ratings for Netstreit (NYSE:NTST), presenting a wide array of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 1 1 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 1 1 0 Analysts have set 12-month price targets for Netstreit, revealing an average target of $18.0, a high estimate of $22.00, and a low estimate of $14.00. Witnessing a positive shift, the current av
Mizuho analyst Haendel St. Juste maintains Netstreit (NYSE:NTST) with a Buy and raises the price target from $18 to $19.
Netstreit (NYSE:NTST) reported quarterly earnings of $0.31 per share which beat the analyst consensus estimate of $0.30 by 3.33 percent. The company reported quarterly sales of $36.86 million which beat the analyst consensus estimate of $33.94 million by 8.61 percent. This is a 35.03 percent increase over sales of $27.30 million the same period last year.
Companies Reporting Before The Bell • Sony Group (NYSE:SONY) is projected to report quarterly earnings at $1.65 per share on revenue of $24.62 billion. • CAE (NYSE:CAE) is estimated to report quarterly earnings at $0.18 per share on revenue of $819.57 million. • CNH Industrial (NYSE:CNHI) is estimated to report quarterly earnings at $0.42 per share on revenue of $6.66 billion. • Great Lakes Dredge & Dock (NASDAQ:GLDD) is estimated to report quarterly earnings at $0.10 per share on revenue of $183.47 million. • Louisiana-Pacific (NYSE:LPX) is likely to report quarterly earnings at $0.55 per share on revenue of $619.97 million. • Martin Marietta Materials (NYSE:MLM) is projected to repor
Across the recent three months, 5 analysts have shared their insights on Netstreit (NYSE:NTST), expressing a variety of opinions spanning from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 1 1 0 Last 30D 0 0 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 1 1 0 3M Ago 2 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $18.0, a high estimate of $22.00, and a low estimate of $14.00. A 6.88% drop is evident in
Keybanc analyst Todd Thomas upgrades Netstreit (NYSE:NTST) from Underweight to Sector Weight.