NTST NETSTREIT Corp.
Price Chart
Executive Summary
NETSTREIT filed an 8-K furnishing an investor presentation containing Q1 2026 financial results. Total revenue grew 24.3% YoY to $57.1M, net income attributable to common stockholders rose to $5.7M from $1.7M, and AFFO per share increased to $0.34 from $0.32. The presentation highlights a 99.9% occupancy rate, $1.2B in pro forma liquidity, and a low 2.9x pro forma adjusted net debt/EBITDAre leverage ratio, positioning the company for continued investment activity.
Actionable Insight
The strong Q1 results and robust liquidity position support the company's growth trajectory. Monitor for continued investment pace and any updates on the unsettled forward equity settlement, which could provide further capital for acquisitions.
Key Facts
- Total revenue for Q1 2026 was $57.1M, up 24.3% from $45.9M in Q1 2025.
- Net income attributable to common stockholders was $5.7M ($0.06 per diluted share) vs $1.7M ($0.02 per diluted share) in Q1 2025.
- AFFO per diluted share was $0.34, up from $0.32 in Q1 2025.
- Portfolio occupancy was 99.9% as of March 31, 2026.
- Pro forma liquidity totaled $1.2B, including $606M in unsettled forward equity.
- Pro forma adjusted net debt to annualized adjusted EBITDAre was 2.9x.
- Weighted average lease term (WALT) was 10.2 years.
- 58.3% of ABR is from investment grade or investment grade profile tenants.
- Gross investment activity in Q1 2026 was $239.0M, the third consecutive quarter above $200M.
- Dividend per share was $0.22, representing 65% of AFFO.
Financial Impact
Revenue growth of 24.3% YoY and AFFO per share growth of 6.3% YoY, supported by strong investment activity and a conservative balance sheet.
Risk Factors
- Rising interest rates could increase borrowing costs and cap rates, pressuring valuations.
- Tenant credit risk, particularly among sub-investment grade tenants representing 41.7% of ABR.
- Potential dilution from the 34.2 million unsettled forward shares.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-030133 |
| Document: ntst-20260505.htm | 0001628280-26-030133 |
| Document: 0001628280-26-030133-index-headers.html | 0001628280-26-030133 |
| Document: 0001628280-26-030133-index.html | 0001628280-26-030133 |
| Document: 0001628280-26-030133.txt | 0001628280-26-030133 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 2, 2026
11d ago
|
8-K
| $19.96 $19.63 | ▼ −1.65% | ▼ −0.93% | $20.37 (+2.05%) |
|
May 5, 2026
5w ago
|
8-K
| $20.32 $20.57 | ▲ +1.23% | ▼ −0.15% | $20.37 (+0.25%) |
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Apr 23, 2026
7w ago
|
144
| $20.56 $20.50 | ▼ −0.29% | ▼ −0.46% | $20.37 (−0.92%) |
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Apr 21, 2026
7w ago
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424B5
| $20.85 $20.75 | ▼ −0.48% | ▼ −0.09% | $20.37 (−2.30%) |
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Apr 20, 2026
7w ago
|
8-K
| $20.91 $20.85 | ▼ −0.29% | ▼ −1.31% | $20.37 (−2.58%) |
US Market Status
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