Netstreit Q4 2023 FFO $0.31 Beats $0.30 Estimate, Sales $36.86M Beat $33.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Netstreit (NTST) reported Q4 2023 FFO of $0.31 per share, surpassing the $0.30 estimate, and sales of $36.86M, exceeding the $33.94M estimate. This represents a 35.03% increase in sales compared to the same period last year.
February 14, 2024 | 9:23 pm
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POSITIVE IMPACT
Netstreit's Q4 2023 earnings exceeded expectations with FFO of $0.31 per share and sales of $36.86M, indicating strong financial performance.
Netstreit's better-than-expected Q4 2023 FFO and sales figures, along with a significant year-over-year sales increase, suggest a strong financial health and operational efficiency. This positive earnings report is likely to instill investor confidence and could lead to a short-term uptick in NTST's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100