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NetSTREIT: 3Q Earnings Snapshot

·1 min read

DALLAS (AP) _ NetSTREIT Corp. (NTST) on Thursday reported a key measure of profitability in its third quarter. The results surpassed Wall Street expectations.

The Dallas-based real estate investment trust said it had funds from operations of $4.8 million, or 21 cents per share, in the period.

The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 18 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 $2.1 million, or 11 cents per share.

NetSTREIT, based in Dallas, posted revenue of $9.7 million in the period, meeting Street forecasts.

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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