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NetStreet reported third-quarter AFFO of $37.5 million, or $0.35 per diluted share, and maintained 2026 AFFO per share guidance of $1.37 to $1.39. Gross investments were $273.1 million at a 7.4% blended cash yield, with 2026 net investment activity expected to be at least $800 million.
NETSTREIT Corp. reported 99.9% Occupancy, $1.3 billion Total Liquidity and 58.2% IG and IG Profile Tenants as of September 30, 2026.
NETSTREIT Corp. owned or had investments in 919 properties as of September 30, 2026, generated $246.3 million in ABR, and reported 99.9% occupancy excluding six properties under development. Nine-month revenue reached $184.6 million and net income $20.5 million.
NETSTREIT Corp. reported net income of $0.08 and AFFO of $0.35 per diluted share, completed investment activity of $273.1 Million at 7.4% blended cash yield, maintained 2026 AFFO guidance of $1.37 to $1.39, and secured $550.0 Million of financing commitments.
NETSTREIT Corp. increased its 2031 and 2032 term loans to $300 million each, added an undrawn $400.0 million facility maturing September 28, 2033, and repaid $200.0 million due February 2028.
Useful current figures from the complete screener profile.
* Q4 derived as the full year minus Q1 to Q3.
TL;DR. Third-quarter AFFO per diluted share grew 6.1%, investment activity was strong, the company maintained AFFO guidance, raised its net-investment outlook, had ample liquidity and extended debt maturities, and reported strong portfolio occupancy and coverage with a path to mid-single-digit AFFO growth in 2027. Risks include higher capital costs and potentially higher cap rates, retailer margin pressure, increased expected dilution, higher recurring G&A, swap-refinancing headwinds, and investment spreads below the company’s preferred threshold.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Illustrative technical + ownership context — a signal mix, not investment advice.
| Metric | Latest | Period | YoY |
|---|---|---|---|
| Properties acquired | 79 | FY2026 Q3 | +71.7% |
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| Adjusted EBITDAre non-GAAP | $53M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP EBITDAre 50.3M
-2.28M Straight-line rent adjustments
+16K Debt-related transaction costs
-375K Other non-recurring gain
-474K Other income, net
+6K Transaction costs, net
+1.75M Non-cash compensation expense
+266K Adjustment for construction in process
+3.8M Adjustment for intraquarter investment activities
= Adjusted EBITDAre 53M
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| AFFO non-GAAP | $35.49M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Core FFO 34.22M
-2.28M Straight-line rent adjustments
+972K Amortization of deferred financing costs
+28K Amortization of above/below-market assumed debt
-102K Amortization of loan origination costs and discounts
+112K Amortization of lease-related intangibles
+181K Earned development interest
-102K Capitalized interest expense
+713K Non-cash interest expense
+1.75M Non-cash compensation expense
= AFFO 35.49M
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| Annualized Adjusted EBITDAre non-GAAP | $212M | Three Months Ended June 30, 2026 filing | — |
| Core FFO non-GAAP | $34.22M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP FFO 34.58M
+0K Non-recurring executive transition costs, severance, and related charges
+16K Debt-related transaction costs
-375K Other non-recurring gain
+0K Other loss
= Core FFO 34.22M
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| EBITDA non-GAAP | $47.76M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net income 6.31M
+25.73M Depreciation and amortization of real estate
+112K Amortization of lease-related intangibles
+75K Non-real estate depreciation and amortization
+15.55M Interest expense, net
+79K Income tax expense
-102K Amortization of loan origination costs and discounts
= EBITDA 47.76M
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| EBITDAre non-GAAP | $50.3M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP EBITDA 47.76M
+4.2M Provisions for impairment
-1.66M Gain on sales of real estate, net
= EBITDAre 50.3M
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| FFO non-GAAP | $34.58M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net income 6.31M
+25.73M Depreciation and amortization of real estate
+4.2M Provisions for impairment
-1.66M Gain on sales of real estate, net
= FFO 34.58M
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| properties sold | 16 | three months ended June 30, 2026 filing | — |
| Property-Level Cash NOI non-GAAP | $50.05M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Property-Level NOI 52.22M
-2.28M Straight-line rent adjustments
+112K Amortization of lease-related intangibles
= Property-Level Cash NOI 50.05M
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| Property-Level Cash NOI Estimated Run Rate non-GAAP | $53.41M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Property-Level Cash NOI 50.05M
+3.36M Adjustment for intraquarter acquisitions, dispositions, and completed developments
= Property-Level Cash NOI Estimated Run Rate 53.41M
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| Property-Level NOI non-GAAP | $52.22M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net income 6.31M
+5.84M General and administrative
+25.81M Depreciation and amortization
+4.2M Provisions for impairment
+6K Transaction costs, net
+15.55M Interest expense, net
-1.66M Gain on sales of real estate, net
+78K Income tax expense
-102K Amortization of loan origination costs and discounts
-2.91M Interest income on mortgage loans receivable
-908K Other income, net
= Property-Level NOI 52.22M
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| Total purchase price of acquired properties (inclusive of capitalized acquisition costs) | $252.7M | Three months ended June 30, 2026 filing | — |
| WALT | 9.8 | three months ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
NTST
this stock
NETSTREIT Corp.
|
$2.33B | +4.9% | +19.8% | 88.1 | 7.4% |
|
SPG
Simon Property Group Inc.
|
$75.13B | +25.9% | +6.7% | 16.8 | 3.1% |
|
O
Realty Income Corp
|
$55.94B | +4.3% | +9.1% | 40.6 | 4.4% |
|
KIM
Kimco Realty Corp
|
$17.14B | +26.0% | +5.1% | 23.8 | 5.1% |
|
UNBLF
Unibail-Rodamco SE
|
$14.60B | -7.4% | — | — | 0.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
NETSTREIT Corp. reported 99.9% Occupancy, $1.3 billion Total Liquidity and 58.2% IG and IG Profile Tenants as of September 30, 2026.
View| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| NTST | -1.5% | +7.7% | -9.0% | +5.7% | +4.9% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -4.1% | +8.8% | -9.5% | +5.8% | -5.7% |
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
