Netstreit Q2 net income per share up 50%, co lifts FY AFFO guidance
NTST•Quarterly results and guidance
- US net lease REIT's Q2 net income per share rose 50% yr/yr to $0.06
- Q2 AFFO per share grew 6.1% yr/yr to $0.35
- Company raised 2026 AFFO per share and net investment guidance
Netstreit raises 2026 AFFO per share guidance to $1.37-$1.39 from $1.36-$1.39.
Netstreit lifts 2026 net investment activity guidance to $700 mln-$800 mln from $550 mln-$650 mln.
Company expects 2026 cash G&A expenses of $16.5 mln-$17.0 mln, excluding transaction costs and severance.
Quarter drivers and analyst coverage
- Investment activity - Co completed $298.9 mln in gross investments at a 7.4% blended cash yield in Q2
- Portfolio occupancy - 100% occupied portfolio produced stable and growing cash flows, per CEO Mark Manheimer
- - Additional in forward equity sales during the quarter strengthened balance sheet
