Netstreit reports Q4 FFO 32c, consensus 31c

Reports FY24 revenue $162.8M, consensus $162.0M. “I am pleased to report that NETSTREIT (NTST) 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.