Netstreit Q3 net income per share jumps 700% on portfolio quality
NTST•Netstreit’s Q3 net income per share rose 700%, while adjusted funds from operations per share increased 6.1% year over year. The company raised its annualized dividend by $0.02 per share and increased its 2026 net investment activity outlook to at least $800 million.
1. Quarterly results
Netstreit reported Q3 net income per share of $0.08, up 700% year over year, and adjusted funds from operations per share rose 6.1% from the prior year.
2. Outlook and investments
The company maintained its 2026 AFFO per share guidance at $1.37 to $1.39 and raised its net investment activity outlook to at least $800 million from a prior range of $700 million to $800 million. It completed $273.1 million in gross investments during the quarter at a 7.4% blended cash yield.
3. Portfolio and financing
Netstreit reported 99.9% occupancy and said it secured $550 million in additional financing commitments, with no major debt maturities until 2029. It expects 2026 cash G&A expenses of $16.5 million to $17.0 million, unchanged.
