Earnings Call Summary | Netstreit(NTST.US) Q1 2024 Earnings Conference
Earnings Call Summary | Netstreit(NTST.US) Q1 2024 Earnings Conference
The following is a summary of the NETSTREIT Corp. (NTST) Q1 2024 Earnings Call Transcript:
以下是NETSTREIT Corp.（NTST）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
NETSTREIT Corp. reported a Q1 net income of $1 million or $0.01 per diluted share.
Core FFO for Q1 was $22.5 million or $0.3 per diluted share, with AFFO at $22.9 million or $0.31 per diluted share, representing a 3.3% increase year over year.
The company has raised $230 million of equity year to date.
Total expenses, excluding severance payments, decreased 1% year over year to $4.85 million.
Liquidity at the end of the quarter stood at $638.1 million.
Projected net debt to annualized adjusted EBITDAre ratio of 3.1 times at the quarter end for 2024.
NETSTREIT Corp. 公佈的第一季度淨收益爲100萬美元，攤薄後每股收益爲0.01美元。
第一季度的核心FFO爲2,250萬美元，攤薄每股收益爲0.3美元，AFFO爲2,290萬美元，攤薄每股收益爲0.31美元，同比增長3.3％。
迄今爲止，該公司已籌集了2.3億美元的股權。
不包括遣散費在內的總支出同比下降1％，至485萬美元。
本季度末的流動性爲6.381億美元。
預計到2024年季度末，淨負債與年化調整後的息稅折舊攤銷前利潤率爲3.1倍。
Business Progress:
業務進展：
NETSTREIT Corp. was one of two rigs to raise follow-on equity in January.
The company is investing in properties with strong tenants in defensive retail sectors due to reduced competition.
Over $129 million of gross investment activity at a blended cash yield of 7.5% was completed in Q1.
Portfolio comprised 628 investments with an ABR of $140.3 million at quarter end.
A lease set to expire in 2024 was renewed with a 12.5% increase in rent.
NETSTREIT Corp. continues collaboration with Dollar Tree, a key tenant, to minimize risk and maximize cash flows.
The company expects similar growth as the 7.5% in Q1 during the next quarter.
Deflationary issues from lower-income consumer demographic factors might influence certain tenants' abilities to pass costs on.
Future investment will account for market volatility and potential cap rate increases.
Disposition pricing is moving slightly higher, but could fall below 7% depending on sold assets.
NETSTREIT Corp. 是1月份籌集後續股權的兩家鑽機之一。
由於競爭減弱，該公司正在防禦性零售領域投資擁有大量租戶的房產。
第一季度完成了超過1.29億美元的總投資活動，混合現金收益率爲7.5％。
投資組合包括628項投資，截至季度末，ABR爲1.403億美元。
定於2024年到期的租約已續訂，租金上漲了12.5％。
NETSTREIT Corp. 繼續與主要租戶Dollar Tree合作，以最大限度地降低風險並最大限度地提高現金流。
該公司預計，下一季度增長將與第一季度的7.5％相似。
低收入消費者人口因素造成的通貨緊縮問題可能會影響某些租戶轉嫁成本的能力。
未來的投資將考慮市場波動和潛在的上限利率上升。
處置價格略有上漲，但可能降至7％以下，具體取決於出售的資產。
More details: Netstreit IR
更多詳情： Netstreit IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。