YOLFTbeta
Netstreit Corp

Netstreit Corp

NTST · NYSE · Real Estate / REIT - Retail

18.51USD+0.07 (+0.38%)

Price History

Full chart

Market Stats

Previous Close18.44
Open18.55
Day Range18.41 – 18.58
52-Week Range16.47 – 22.22
Volume1.23M
Market Cap1.85B
P/E (TTM)129.50
Forward P/E41.67
EPS0.14
Dividend Yield4.94%
Beta0.80
50-Day Avg20.31
200-Day Avg19.85

About

NETSTREIT Corp. is an internally managed real estate investment trust based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide. The growing portfolio consists of high-quality properties leased to e-commerce resistant tenants with healthy balance sheets. Led by a management team of seasoned commercial real estate executives, NETSTREIT's strategy is to create the highest quality net lease retail portfolio in the country with the goal of generating consistent cash flows and dividends for its investors. NETSTREIT Corp. was incorporated in 2019 in Maryland and is based in Dallas, Texas.

Company Details

  • SectorReal Estate
  • IndustryREIT - Retail
  • CEOMr. Mark Manheimer
  • Employees29
  • Headquarters2021 McKinney Avenue, Dallas, TX, United States, 75201-2237, USA
  • Websitehttps://www.netstreit.com

Leadership

  • Mr. Mark ManheimerPresident, CEO, Secretary & Director · b. 1976
  • Mr. Daniel Paul DonlanCFO & Treasurer
  • Mr. Matthew FennewaldSenior VP & Chief Accounting Officer · b. 1990
  • Ms. Amy AnSenior Associate of Investor Relations
  • Mr. Jeff FugeSenior Vice President of Acquisitions · b. 1983
  • Mr. Chad ShaferSenior Vice President of Real Estate & Underwriting · b. 1976
  • Matt Miller CPASenior Associate of FP&A & Capital Markets

Financials

Income Statement

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue23.83M20.32M33.73M59.14M96.28M131.91M162.78M195.01M
Growth (%)--14.73%+66.00%+75.35%+62.80%+37.00%+23.41%+19.79%
Cost of Revenue1.73M1.70M5.74M6.50M12.53M16.87M17.78M19.43M
Gross Profit22.10M18.62M27.99M52.64M83.75M115.04M145.00M175.58M
Gross Margin92.74%91.62%82.99%89.00%86.98%87.21%89.08%90.04%
Operating Expense16.67M18.74M31.16M45.62M69.13M83.85M96.59M108.10M
Operating Income5.42M-125.00K-3.17M7.02M14.62M31.18M48.41M67.48M
Operating Margin22.77%-0.62%-9.40%11.87%15.18%23.64%29.74%34.60%
EBITDA18.30M15.01M15.85M37.24M70.72M107.53M114.60M151.70M
EBITDA Margin76.82%73.89%47.00%62.97%73.45%81.52%70.40%77.79%
Net Income-20.30M-8.04M730.00K3.05M8.12M6.84M-11.94M6.90M
Net Income Margin-85.18%-39.59%2.16%5.15%8.43%5.18%-7.33%3.54%
R&D0.850.390.010.050.090.05--
R&D as % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense11.00M10.88M4.71M3.52M12.32M35.61M48.46M57.33M
Interest Expense % of Total Revenue46.18%53.57%13.98%5.95%12.80%27.00%29.77%29.40%

Balance Sheet

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets333.08M433.92M725.82M1.07B1.61B1.95B2.26B2.61B
Total Liabilities250.34M181.49M197.74M278.63M547.27M672.80M921.21M1.16B
Total Equity82.75M164.53M494.10M779.17M1.05B1.26B1.33B1.45B
Cash1.24M169.32M92.64M7.60M65.84M29.93M14.32M14.47M
Total Debt246.85M178.59M191.03M267.09M529.79M640.25M894.28M1.12B
Net Debt245.62M9.27M98.39M259.49M463.94M610.32M879.96M1.11B

Cash Flow

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow8.90M5.99M12.75M31.48M50.65M80.16M90.16M109.51M
Investing Cash Flow-22.05M-91.91M-362.13M-430.13M-468.36M-451.95M-432.88M-448.84M
Financing Cash Flow10.44M-82.32M272.71M313.61M480.65M331.18M327.10M339.48M
Capital Expenditure31.61M51.00K51.00K732.00K1.21M35.00K8.00K52.00K
Free Cash Flow-22.70M5.99M12.70M30.75M49.44M80.12M90.16M109.46M
Dividends Paid10.01M5.62M8.84M31.30M39.95M51.82M63.83M70.59M
FCF to OCF-255.04%100.00%99.60%97.67%97.61%99.96%99.99%99.95%
Dividend Paid to FCF-44.07%93.91%69.63%101.81%80.81%64.68%70.80%64.49%

Earnings

Report DateJun 3, 2020Aug 14, 2020Oct 29, 2020Mar 4, 2021Apr 29, 2021Jul 29, 2021Oct 28, 2021Feb 23, 2022Apr 28, 2022Jul 28, 2022Oct 27, 2022Feb 23, 2023Apr 26, 2023Jul 26, 2023Oct 25, 2023Feb 14, 2024Apr 29, 2024Jul 29, 2024Nov 4, 2024Feb 12, 2025Apr 28, 2025Jul 23, 2025Oct 27, 2025Mar 4, 2026Apr 20, 2026Jul 22, 2026Oct 26, 2026
EPS Estimate0.00-0.01-0.020.040.020.050.040.050.030.050.030.030.030.040.040.040.060.060.070.050.050.040.050.070.060.330.33
EPS Actual-0.12-0.26-0.020.270.03-0.070.070.050.050.040.030.050.030.030.060.030.01-0.030.06-0.070.050.050.060.050.070.35-
Surprise--2500.00%0.00%575.00%50.00%-240.00%75.00%0.00%66.67%-20.00%0.00%66.67%0.00%-25.00%50.00%-25.00%-83.33%-150.00%-14.29%-254.19%0.00%25.00%20.00%-27.50%16.67%6.06%-
Timing-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap1.85B
Enterprise Value3.26B
Trailing P/E129.50
Forward P/E41.67
Price / Sales8.08
Price / Book1.19
EPS0.14
Book Value15.49
Revenue (TTM)219.16M
Gross Profit (TTM)198.07M
EBITDA176.61M
Profit Margin6.35%
Operating Margin39.02%
Return on Equity0.96%
Return on Assets1.90%
Shares Outstanding101.53M
Shares Float100.87M
Beta0.80
Dividend Yield4.94%
Dividend Rate0.90
Payout Ratio1.67%

Analyst Ratings

Buy
Based on 18 analystsTarget 22.92
  • Strong Buy
    12
  • Buy
    1
  • Hold
    4
  • Sell
    1

Ownership Breakdown

Institutions
160.60%
Insiders
0.63%
Retail / Other
0.00%

Top Institutional Holders

  • Cohen & Steers Inc
    16.30M16.05%
  • BlackRock Inc
    9.78M9.63%
  • Principal Financial Group Inc
    9.62M9.48%
  • Nuveen, LLC
    5.14M5.07%
  • Millennium Management LLC
    4.60M4.53%
  • Vanguard Capital Management, LLC
    4.22M4.16%
  • Vanguard Portfolio Management, LLC
    4.21M4.15%
  • Alyeska Investment Group, L.P.
    4.13M4.06%
  • Two Sigma Investments LLC
    3.83M3.78%
  • State Street Corp
    3.56M3.51%
  • Bank of America Corp
    3.43M3.38%
  • Geode Capital Management, LLC
    2.43M2.39%
  • Qube Research & Technologies
    2.42M2.39%
  • CenterSquare Investment Management LLC
    2.41M2.37%

Top Fund Holders

  • Cohen & Steers Real Estate Securities A
    9.39M9.25%
  • iShares Core S&P Small-Cap ETF
    5.91M5.82%
  • Principal Real Estate Securities R5
    4.32M4.25%
  • Vanguard Real Estate Index Investor
    3.66M3.60%
  • Vanguard MStar Total Stk Mkt Idx Invest
    3.11M3.07%
  • iShares Russell 2000 ETF
    2.54M2.50%

Dividends

20263×
0.23Sep 1, 20260.22Jun 1, 20260.22Mar 16, 2026
20254×
0.21Dec 1, 20250.21Sep 2, 20250.21Jun 2, 20250.21Mar 14, 2025
20244×
0.21Dec 2, 20240.21Sep 3, 20240.20Jun 3, 20240.20Mar 14, 2024
20234×
0.20Nov 30, 20230.20Aug 31, 20230.20May 31, 20230.20Mar 14, 2023
20224×
0.20Nov 30, 20220.20Aug 31, 20220.20May 31, 20220.20Mar 14, 2022
20214×
0.20Nov 30, 20210.20Aug 31, 20210.20May 28, 20210.20Mar 12, 2021
20201×
0.20Nov 30, 2020