NETSTREIT Corp (NYSE:NTST) Q2 2023 Earnings Call Transcript July 27, 2023 11:00 AM ET
Company Participants
Amy An - Senior Associate of Investor Relations
Mark Manheimer - President, CEO, Secretary and Director
Daniel Donlan - CFO and Treasurer
Conference Call Participants
Wes Golladay - Baird
Nick Joseph - Citi
Todd Thomas - KeyBanc Capital Markets
Ki Bin Kim - Truist Securities
Greg McGinniss - Scotiabank
Nate Crossett - BNP
Operator
Greetings. Welcome to the NETSTREIT Corp. Second Quarter 2023 Earnings Call. [Operator Instructions] Please note that this conference is being recorded.
At this time, I'll turn the conference over to Amy An with Investor Relations. Amy, you may now begin.
Amy An
We thank you for joining us for NETSTREIT's Second Quarter 2023 Earnings Conference Call. In addition to the press release distributed yesterday after market close, we posted a supplemental package and an updated investor presentation. Both can be found in the Investor Relations section of the company's website at www.netstreit.com.
On today's call, management's remarks and answers to your questions may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements address matters that are subject to risks and uncertainties and that may cause actual results to differ from those discussed today. For more information about these risk factors, we encourage you to review our Form 10-K for the year ended December 31, 2022, and our other SEC filings. All forward-looking statements are made as of the date hereof, and NETSTREIT assumes no obligation to update any forward-looking statements in the future.
In addition, certain financial information presented on this call includes non-GAAP financial measures. Please refer to our earnings release and supplemental package for definitions of our non-GAAP measures, reconciliations to the most comparable GAAP measure, and an explanation of why we believe such non-GAAP financial measures are useful to investors.
Today's conference call is hosted by Net Street's Chief Executive Officer, Mark Manheimer; and Chief Financial Officer, Dan Donlan. We will make some prepared remarks, and then we will open the call for your questions.
Now I'll turn the call over to Mark. Mark?
Mark Manheimer
Good morning, everyone, and thank you for joining our call today. As detailed in our quarterly disclosure, we reported another solid quarter of investment activity with continued improvement in many of our key portfolio metrics. In addition, we recently completed a number of capital markets transactions that enhanced our balance sheet and strengthened our liquidity position, which Dan will cover in his section. All in all, our portfolio continues to perform at a high level, and our opportunities for external growth continue to increase in both size and quality, which has us highly optimistic about our ability to compound earnings and achieve attractive total returns for shareholders. .