Roberts & Ryan, Inc. hosted an investor call with the management team of NETSTREIT Corp (NYSE: NTST). If you’re not familiar with the company, I recommend you take a good look at them. Two major themes of the call were the QUALITY of their tenants and the DEFENSIVE nature of their portfolio. They do their homework on prospective tenants – evidenced by their 100% rent collection rate AND 100% occupancy levels.
I asked about acquisition opportunities in this market and they’re seeing plenty of them. They’re being very patient and selective, and made it clear that they have ample dry powder to act on attractive opportunities. Their balance sheet is strong and they’re “really good at allocating capital”.
Potential (additional) stock catalysts? NETSTREIT is growing quickly and they’re working towards an Investment Grade rating. They believe that getting the IG rating and/or getting added to some indices could be significant. Keep your eye on them – check them out here.
We want to thank NETSTREIT Corp (NYSE: NTST) for their continued support. Our social mission of supporting veterans and disadvantaged young adults is funded through the success of our business. That’s only possible when great companies like NETSTREIT work with us.
Company Participants:
Mark Manheimer: Chief Executive Officer
Daniel P. Donlan: Chief Financial Officer & Treasurer
Randy Haugh: Senior Vice President of Finance
Amy An: Investor Relations
