NVIDIA launches Jetson Thor robotics computers for physical AI systems
Mark Manheimer, President, CEO, and Secretary of NETSTREIT Corp. (NYSE:NTST), a $1.25 billion market cap REIT currently trading near its InvestingPro Fair Value, recently acquired common stock in the company, according to a filing with the Securities and Exchange Commission. On March 7, Manheimer purchased a total of 3,616 shares at prices ranging from $15.165 to $15.34 per share, amounting to a total transaction value of $55,049. Following these transactions, Manheimer now holds 295,252 shares directly. These acquisitions reflect continued investment by the company’s executive leadership in NETSTREIT, a real estate investment trust headquartered in Dallas, Texas. The company has demonstrated strong revenue growth of 23.4% and offers an attractive dividend yield of 5.54%. According to InvestingPro, which features 12+ additional exclusive insights for this stock, net income is expected to grow this year. Discover more detailed analysis in NETSTREIT’s comprehensive Pro Research Report, available with an InvestingPro subscription.
In other recent news, Netstreit Corp reported mixed financial results for the fourth quarter of 2024. The company’s earnings per share (EPS) were -$0.07, missing the forecasted $0.05, while revenue exceeded expectations, reaching $44.1 million against an anticipated $40.94 million. Despite the EPS miss, Netstreit’s stock experienced a positive reaction, suggesting investor confidence in the company’s revenue performance and strategic investments. The company also reported a net loss of $5.4 million for the quarter and a 3.3% growth in AFFO per share compared to 2023. Additionally, Netstreit completed $195 million in gross investments during the quarter, marking the highest on record. Analysts from Scotiabank (TSX:BNS) and UBS showed interest in the company’s investment strategies, particularly regarding sale-leaseback transactions and tenant diversification efforts. Looking forward, Netstreit has set its AFFO per share guidance for 2025 between $1.27 and $1.30, with plans for net investment activity ranging from $75 million to $125 million.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.