Feb. 24 at 9:19 PM
$NTST Netstreit reports Q4 FFO 32c, consensus 31c
Reports FY24 revenue
$162.8M, consensus
$162.0M. "I am pleased to report that NETSTREIT delivered solid 2024 results, which included a Company record
$195.1 million of investments at a 7.4% cash yield in the fourth quarter. Furthermore, we accretively recycled capital with record dispositions of
$59.3 million in the fourth quarter and made significant progress towards our portfolio diversification goals. While our balance sheet remains well positioned for future growth, we are adopting a measured approach towards capital deployment to start 2025 with a continued focus on quality net lease investments that enhance our tenant diversity and strengthen our internal growth profile," said Mark Manheimer, Chief Executive Officer of NETSTREIT.