NETSTREIT Holds 2026 AFFO Guidance, Lifts Investment Target to $800M+
NTST is trading near its 52-week low of $16.405 (0.4% above the low).
Summary
NETSTREIT reported Q3 2026 AFFO of $0.35 per diluted share, up from $0.33 a year ago, on revenue of $66.3 million and EPS of 8 cents, and reiterated full-year 2026 AFFO guidance of $1.37 to $1.39. The company now expects at least $800 million of 2026 net investment activity, up from its prior $700 million to $800 million range, after closing $205.4 million of net investments in the quarter and $646.1 million year to date. Balance sheet remains the story: adjusted net debt to annualized EBITDA of 3.7x and total liquidity of $1.25 billion, with $311.9 million of unsettled forward equity still to settle. The board declared a $0.225 quarterly dividend, lifting the annualized payout to $0.90, a $0.02 increase. Management flagged rising capital costs across net lease but said low leverage leaves it able to buy into any dislocation; the Q3 earnings call is October 22 at 11:00 AM ET.
At the time of this announcement, NTST was trading at $16.47 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $16.41 to $22.47. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: BusinessWire.