NTST Earnings Prediction
The chart below shows how NTST performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NTST sees a +2.08% change in stock price 10 days leading up to the earnings, and a +1.05% change 10 days following the report. On the earnings day itself, the stock moves by +0.22%. This data can give you a slight idea of what to expect for the next quarter's release.
NTST Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
41.44M
22.03%
4.74%
Gross Margin
75.48%
-14.56%
-1.46%
Operating Margin
30.52%
12.62%
-21.50%
Net Margin
-12.84%
-202.88%
120.24%
EPS
-0.07
-216.67%
133.33%
No Data Available
NTST Earnings Analysis
NetSTREIT Corp. Corporation (NTST.N) Earnings Conference Call
Positive
Record Investments Achieved: 1. Record Investments: NETSTREIT completed $152 million in gross investments during Q3 2024, marking the highest quarter on record with a blended cash yield of 7.5%.
Portfolio Leasing Success: 2. Strong Portfolio Performance: The company ended the quarter with 671 properties that were 100% leased, with over 75% of total ABR leased to investment-grade or investment-grade profile tenants.
Strategic Asset Sales: 3. Successful Dispositions: NETSTREIT executed eight strategic asset sales in Q3, generating total proceeds of $24 million at a weighted cash yield of 7.3%, effectively reducing tenant concentrations.
Cost Reduction Efficiency: 4. Cost Management: Total recurring G&A expenses declined by 16% year-over-year to $4.3 million, with recurring cash G&A down 24% to $2.9 million, improving efficiency relative to revenue.
Quarterly Dividend Announcement: 5. Dividend Declaration: The Board declared a quarterly cash dividend of $0.21 per share, maintaining a healthy AFFO payout ratio of 66% for the third quarter.
Negative
Net Loss Announcement: 1. Net Loss Reported: NETSTREIT Corp. reported a net loss of $5.3 million or $0.07 per diluted share for Q3 2024, indicating financial challenges compared to previous periods.
Tenant Quality Concerns: 2. Decrease in Investment-Grade Tenants: The percentage of investments leased to investment-grade and investment-grade profile tenants fell below the portfolio average this quarter, raising concerns about tenant quality.
Rent Relief Impact: 3. Big Lots Rent Relief: During the bankruptcy process of Big Lots, NETSTREIT provided short-term rent relief, which could impact cash flow stability in the near term.
High Leverage Position: 4. High Debt Levels: The total adjusted net debt stood at $569 million, with an adjusted net-debt to annualized adjusted EBITDAre ratio of 4.0 times, indicating a high leverage position relative to earnings.
Dividend Distribution Analysis: 5. Dividend Payout Ratio: The AFFO payout ratio for the third quarter was 66%, suggesting a significant portion of cash flow is being distributed as dividends, potentially limiting reinvestment opportunities.
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NTST Earning Call Sentiment
NETSTREIT Corp. (NTST) Q3 2024 Earnings Call Transcript
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NTST.N
0.83%Positive
The earnings call highlights record high gross investments, a stable financial performance with increased AFFO and Core FFO, and a strategic focus on high-quality acquisitions. The Q&A section supports a positive outlook with plans to reduce tenant concentration and improve portfolio quality. Despite some uncertainties in acquisition pace due to capital costs, the overall sentiment is positive, particularly with increased investment-grade acquisitions and stable dividends. Given the company's small-cap status, these factors suggest a positive stock price movement in the short term.