NETSTREIT Corp. (NTST) Misses Q2 EPS by 9c, provides guidance

NETSTREIT Corp. (NYSE: NTST) reported Q2 EPS of ($0.03), $0.09 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $39.57 million versus the consensus estimate of $37.57 million.

2024 GUIDANCE

The Company is maintaining its full year 2024 AFFO per share guidance range of $1.25 to $1.28. The Company expects cash G&A to be in the range of $13.5 million to $14.5 million (exclusive of transaction costs and severance payments).

The Company\'s 2024 guidance is based on a number of assumptions that are subject to change and many of which are outside the Company\'s control. If actual results vary from these assumptions, the Company\'s expectations may change. There can be no assurance that the Company will achieve these results.

AFFO is a non-GAAP financial measure. The Company does not provide a reconciliation of such forward-looking non-GAAP measure to the most directly comparable financial measures calculated and presented in accordance with GAAP because to do so would be potentially misleading and not practical given the difficulty of projecting event driven transactional and other non-core operating items in any future period. The magnitude of these items, however, may be significant.

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

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