NETSTREIT Corp. (NTST) Misses Q1 EPS by 3c, Revenues Beat

NETSTREIT Corp. (NYSE: NTST) reported Q1 EPS of $0.02, $0.03 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $11.93 million versus the consensus estimate of $11.46 million.

“We are very pleased to have a strong start to 2021. Our portfolio’s steady operational performance, with 100% rent collections for the past eight months, has allowed us to accelerate our focus on growth. With $89.5 million of acquisitions and development activity completed in the first quarter, we continue to uncover highly accretive opportunities and have built an attractive pipeline. Given this level of confidence, we increased our external growth target and reloaded our balance sheet through a transformational equity offering in early April. We are now tasked with effectively deploying that capital and in doing so, believe we can drive attractive per share earnings growth and value accretion for shareholders,” said Mark Manheimer, Chief Executive Officer of NETSTREIT.

For earnings history and earnings-related data on NETSTREIT Corp. (NTST) click here.

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