DALLAS (AP) — DALLAS (AP) — NETSTREIT Corp. (NTST) on Monday reported a key measure of profitability in its third quarter. The results met Wall Street expectations.
The real estate investment trust, based in Dallas, said it had funds from operations of $24.8 million, or 32 cents per share, in the period.
The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 32 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had a loss of $5.3 million, or 7 cents per share.
NETSTREIT, based in Dallas, posted revenue of $41.4 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $41.1 million.
NETSTREIT expects full-year funds from operations in the range of $1.26 to $1.27 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NTST at https://www.zacks.com/ap/NTST
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
