)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
NETSTREIT (NTST) investor relations material
NETSTREIT Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary28 Oct, 2025
Executive summary
Portfolio consists of 721–723 properties across 45 states, with 99.9% occupancy and a weighted average lease term of 9.9 years as of September 30, 2025.
62.1% of ABR is from investment grade or investment grade profile tenants, and 86.8% of ABR is from necessity, discount, and service-oriented sectors.
Net income for Q3 2025 was $621,000 ($0.01 per diluted share), reversing a prior year loss, and AFFO for Q3 2025 was $28 million ($0.33 per share), up 3.1% year-over-year.
Major capital activity included a $219.8 million forward equity offering, $20.7 million in ATM sales, and $450 million in new term loans, enhancing liquidity and investment capacity.
Portfolio repositioning reduced exposure to dollar stores and pharmacies, with Walgreens and CVS exposure now below 3%.
Financial highlights
Q3 2025 revenue was $48.3 million, up from $41.4 million in Q3 2024; net income for the nine months ended September 30, 2025, was $5.6 million, compared to a $6.6 million loss in 2024.
AFFO for Q3 2025 was $28 million ($0.33/share), and for the nine months was $81.8 million ($0.98/share), both up year-over-year.
Core FFO for Q3 2025 was $26.4 million ($0.31 per diluted share).
Dividends per share for Q3 2025 were $0.215, representing 65% of AFFO.
Property-level cash NOI for Q3 2025 was $39.4 million, up from $33.3 million in Q3 2024.
Outlook and guidance
2025 AFFO per share guidance maintained at $1.29 to $1.31, with net investment activity guidance raised to $350–$400 million.
AFFO per share guidance assumes 1.5–2.5 cents of dilution from treasury stock method due to increased forward equity.
Management expects above-average AFFO per share growth in 2026 and beyond, with a projected 7.9% growth for 2026.
Cap rates expected to remain stable or compress slightly by 10 bps over the next 6–8 months.
Cash G&A expected to range between $15.0 million and $15.5 million for 2025.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next NETSTREIT earnings date
Q4 202524 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
NETSTREIT Corp is a real estate investment trust focused on acquiring and managing a diversified portfolio of single-tenant, net lease retail properties. Its tenants include national and regional retailers from sectors such as discount, pharmacy, and essential goods. The company targets properties that are leased on long-term agreements and located in major metropolitan and suburban areas across the United States. The company is headquartered in Dallas, Texas, and its shares are listed on the NYSE.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage