NETSTREIT Says It Completed $480.5M of Gross Investment Activity at 7.2% Blended Cash Yield for 2023 And Reaffirms 2023 Adjusted Funds from Operations Per Share Guidance of $1.21-$1.23
Portfolio Pulse from Benzinga Newsdesk
NETSTREIT Corp. announced it completed $480.5 million in gross investment activity with a 7.2% blended cash yield for 2023. The company also reaffirmed its 2023 Adjusted Funds from Operations (AFFO) per share guidance to be between $1.21 and $1.23.
January 08, 2024 | 11:59 am
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POSITIVE IMPACT
NETSTREIT Corp. completed significant investment activity and reaffirmed its AFFO per share guidance, indicating a stable financial outlook for 2023.
The completion of a substantial amount of investment activity and the reaffirmation of AFFO guidance suggest that NETSTREIT is on track to meet its financial targets for the year. This news is likely to be viewed positively by investors, as it reflects the company's ability to generate a healthy cash yield from its investments and maintain a stable earnings outlook. The direct mention of the company and the specific financial figures involved make this news highly relevant and important to NETSTREIT's investors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100