NETSTREIT missed earnings but raised full-year AFFO guidance and bumped its dividend 2.3% after deploying a record $299 million in acquisitions at a 7.4% yield, signaling the REIT is confident its $700-800 million annual investment pace will keep paying off.
NetStreit :
NTST
NTST
Stock Data
$21.56
$0.36 (1.64%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
REAL ESTATE
Industry
REIT - RETAIL
Netstreit Corp, based in Dallas, Texas, is a real estate investment trust (REIT) focusing on single-tenant net lease retail properties across the United States. It targets properties leased to tenants who are less affected by e-commerce trends, ensuring a stable income. The company prides itself on a portfolio of high-quality retail spaces, managed by a team with extensive experience in commercial real estate. Netstreit Corp aims to provide consistent cash flows and dividends to its investors through strategic acquisitions and management.
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