NETSTREIT Corp. reported second-quarter 2026 results with revenue of $61.3M, net income attributable to common stockholders of $6.29M and diluted EPS of $0.06, each improving versus the year-ago quarter.
Financial Highlights
- Revenue: $61.3M for Q2 2026, up from $48.3M in Q2 2025; YoY change 26.9%.
- Net income: $6.29M attributable to common stockholders for Q2 2026, vs. $3.27M in Q2 2025; YoY change 92.2%.
- Diluted EPS: $0.06 for Q2 2026, vs. $0.04 in Q2 2025; YoY change 50.0%.
Business Highlights
- Revenue growth driven by portfolio expansion: rental and total revenues rose materially, with six-month revenue reaching $118.3M.
- Portfolio additions: 135 properties added year-to-date, bringing the portfolio to 864 properties and increasing occupancy to 100% (excluding developments).
- Lease profile: weighted average lease term is approximately 10 years, with 41% of ABR from investment-grade tenants and an additional 16% from tenants with investment-grade profiles.
- Investments and developments: increased investments in mortgage loans and five developments under construction; development completions began generating rent in Q2.
- Operational performance: property-level cash NOI improved, aided by intraquarter acquisitions and dispositions that boosted the estimated run rate.
Original SEC Filing:
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