NETSTREIT Corp. (NTST) Earnings Call Transcripts

NETSTREIT Corp.'s Latest Earnings Call - Q1 FY2026

In the first quarter of fiscal year 2026, NETSTREIT Corp. (NTST:US) reported strong financial results, driven by robust investment activity and a solid portfolio performance. Revenue for the quarter was $5.7 million, with core FFO at $32 million, reflecting a 6.3% increase year-over-year. Management raised their full-year net investment activity guidance to $550 million to $650 million and increased the bottom end of their AFFO per share guidance to a range of $1.36 to $1.39, signaling confidence in continued growth.

Reported metrics

Guidance from management

Management raised their full-year 2026 net investment activity guidance to $550 million to $650 million and increased AFFO per share guidance to a range of $1.36 to $1.39, indicating confidence in continued growth.

What management said

Yes. I mean, the dates really don't matter to us. What matters is what are the lowest price forwards that we have. I mean, there is a 12-month kind of expiration to these. We haven't had an issue extending those. So it's really just taking what the lowest price forwards are in selling those first because those are the most dilutive -- and as far as our plan for this year, we'd like to get done with everything that's ...

And you hit on something important there too, John. Looking to 2027, we're taking some of that dilution now. So that just makes it more accretive when we actually do take down the shares and and really allows us to have better growth in 2027 and future years.

What analysts pressed on

Analysts expressed concerns about potential slowdowns in acquisition activity and the competitive landscape, particularly in light of geopolitical risks. They sought clarity on how management plans to navigate these challenges while maintaining growth.

Main topics on the call

• Investment Activity — NETSTREIT closed $239 million in gross investment activities during the quarter, achieving a blended cash yield of 7.5% and a weighted average lease term of 14.1 years. CEO Mark Manheimer stated, "We carried strong momen...
• Portfolio Quality — The company ended the quarter with 804 properties leased to 138 tenants, maintaining a 99.9% occupancy rate. The weighted average remaining lease term increased to 10.2 years, indicating stability in the portfolio. Manag...
• Increased Guidance — Management raised their full-year 2026 net investment activity guidance to $550 million to $650 million, reflecting confidence in the investment pipeline. Additionally, they increased the bottom end of their AFFO per sha...
• Capital Structure — NETSTREIT maintained a conservative capital structure with an industry-leading leverage ratio of 3.2x. The company reported total liquidity of $1.1 billion, positioning them well for future investments. CFO Dan Donlan st...

Read the full NETSTREIT Corp. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 25 NETSTREIT Corp. earnings call transcripts on record, spanning October 30, 2020 to July 23, 2026. Based on this history, NETSTREIT Corp. reports quarterly. The most recent call on file is dated July 23, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

NTST

Exchange

NYSE

Country

US

Sector

Real Estate

Industry

Retail REITs

Calls on record

25

First call

October 30, 2020

Most recent

July 23, 2026

Reporting cadence

quarterly