Netstreit Q1 2024 FFO $0.31 Beats $0.29 Estimate, Sales $37.673M Beat $36.982M Estimate
Portfolio Pulse from Benzinga Newsdesk
Netstreit (NTST) reported Q1 2024 FFO of $0.31 per share, surpassing the $0.29 estimate, with sales of $37.673M exceeding the $36.982M forecast, marking a 27.91% year-over-year increase.
April 29, 2024 | 8:19 pm
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POSITIVE IMPACT
Netstreit reported a strong Q1 2024 with FFO and sales beating estimates, showing a significant year-over-year growth.
Beating both FFO and sales estimates indicates strong operational performance and financial health. The significant year-over-year growth in sales further underscores the company's expanding market presence and efficiency in generating revenue. 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