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NETSTREIT CORP (NTST) Stock Fundamental Analysis

USA - NYSE:NTST - US64119V3033 - REIT

18 USD
-0.35 (-1.91%)
Last: 9/19/2025, 8:04:00 PM
18 USD
0 (0%)
After Hours: 9/19/2025, 8:04:00 PM
Fundamental Rating

5

NTST gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 130 industry peers in the Diversified REITs industry. Both the profitability and the financial health of NTST get a neutral evaluation. Nothing too spectacular is happening here. NTST is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

NTST had negative earnings in the past year.
NTST had a positive operating cash flow in the past year.
Of the past 5 years NTST 4 years were profitable.
Each year in the past 5 years NTST had a positive operating cash flow.
NTST Yearly Net Income VS EBIT VS OCF VS FCFNTST Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 -100M -200M -300M -400M

1.2 Ratios

NTST has a Return On Assets of -0.25%. This is comparable to the rest of the industry: NTST outperforms 40.77% of its industry peers.
NTST has a Return On Equity of -0.44%. This is comparable to the rest of the industry: NTST outperforms 40.77% of its industry peers.
NTST's Return On Invested Capital of 2.02% is on the low side compared to the rest of the industry. NTST is outperformed by 63.85% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NTST is in line with the industry average of 3.05%.
The last Return On Invested Capital (2.02%) for NTST is above the 3 year average (1.26%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -0.25%
ROE -0.44%
ROIC 2.02%
ROA(3y)0.11%
ROA(5y)0.14%
ROE(3y)0.14%
ROE(5y)0.19%
ROIC(3y)1.26%
ROIC(5y)0.97%
NTST Yearly ROA, ROE, ROICNTST Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 -5 -10 -15 -20

1.3 Margins

NTST has a Operating Margin of 32.55%. This is in the better half of the industry: NTST outperforms 68.46% of its industry peers.
In the last couple of years the Operating Margin of NTST has grown nicely.
NTST has a better Gross Margin (89.64%) than 91.54% of its industry peers.
In the last couple of years the Gross Margin of NTST has remained more or less at the same level.
Industry RankSector Rank
OM 32.55%
PM (TTM) N/A
GM 89.64%
OM growth 3Y31.91%
OM growth 5Y6.71%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.33%
GM growth 5Y-1.07%
NTST Yearly Profit, Operating, Gross MarginsNTST Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 50 -50

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5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NTST is destroying value.
NTST has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, NTST has more shares outstanding
NTST has a worse debt/assets ratio than last year.
NTST Yearly Shares OutstandingNTST Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
NTST Yearly Total Debt VS Total AssetsNTST Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

NTST has an Altman-Z score of 1.04. This is a bad value and indicates that NTST is not financially healthy and even has some risk of bankruptcy.
NTST has a Altman-Z score of 1.04. This is in the better half of the industry: NTST outperforms 74.62% of its industry peers.
NTST has a Debt/Equity ratio of 0.71. This is a neutral value indicating NTST is somewhat dependend on debt financing.
NTST's Debt to Equity ratio of 0.71 is amongst the best of the industry. NTST outperforms 81.54% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.71
Debt/FCF N/A
Altman-Z 1.04
ROIC/WACC0.29
WACC6.93%
NTST Yearly LT Debt VS Equity VS FCFNTST Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 500M 1B

2.3 Liquidity

A Current Ratio of 9.87 indicates that NTST has no problem at all paying its short term obligations.
With an excellent Current ratio value of 9.87, NTST belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
NTST has a Quick Ratio of 9.87. This indicates that NTST is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 9.87, NTST belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 9.87
Quick Ratio 9.87
NTST Yearly Current Assets VS Current LiabilitesNTST Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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6

3. Growth

3.1 Past

The earnings per share for NTST have decreased strongly by -214.29% in the last year.
Looking at the last year, NTST shows a very strong growth in Revenue. The Revenue has grown by 21.39%.
NTST shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 51.61% yearly.
EPS 1Y (TTM)-214.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%233.33%
Revenue 1Y (TTM)21.39%
Revenue growth 3Y40.14%
Revenue growth 5Y51.61%
Sales Q2Q%22.04%

3.2 Future

Based on estimates for the next years, NTST will show a very strong growth in Earnings Per Share. The EPS will grow by 32.52% on average per year.
The Revenue is expected to grow by 14.45% on average over the next years. This is quite good.
EPS Next Y232.05%
EPS Next 2Y101%
EPS Next 3Y60.51%
EPS Next 5Y32.52%
Revenue Next Year22.26%
Revenue Next 2Y13.64%
Revenue Next 3Y12.25%
Revenue Next 5Y14.45%

3.3 Evolution

Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
NTST Yearly Revenue VS EstimatesNTST Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 100M 200M 300M
NTST Yearly EPS VS EstimatesNTST Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.1 -0.1 0.2 0.3

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2

4. Valuation

4.1 Price/Earnings Ratio

NTST reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 55.15, the valuation of NTST can be described as expensive.
NTST's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.86, NTST is valued quite expensively.
Industry RankSector Rank
PE N/A
Fwd PE 55.15
NTST Price Earnings VS Forward Price EarningsNTST Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 100 -100 -200

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, NTST is valued a bit more expensive than the industry average as 73.08% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 17.35
NTST Per share dataNTST EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

NTST's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
NTST's earnings are expected to grow with 60.51% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y101%
EPS Next 3Y60.51%

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.71%, NTST is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.66, NTST has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, NTST pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.71%

5.2 History

NTST has been paying a dividend for over 5 years, so it has already some track record.
NTST has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years4
NTST Yearly Dividends per shareNTST Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

The earnings of NTST are negative and hence is the payout ratio. NTST will probably not be able to sustain this dividend level.
DP-1181.91%
EPS Next 2Y101%
EPS Next 3Y60.51%
NTST Yearly Income VS Free CF VS DividendNTST Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 2024 0 -100M -200M -300M -400M

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NETSTREIT CORP

NYSE:NTST (9/19/2025, 8:04:00 PM)

After market: 18 0 (0%)

18

-0.35 (-1.91%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)07-23 2025-07-23/amc
Earnings (Next)11-03 2025-11-03/amc
Inst Owners119.9%
Inst Owner Change0.67%
Ins Owners0.58%
Ins Owner Change3.13%
Market Cap1.50B
Analysts82.61
Price Target20.27 (12.61%)
Short Float %16.84%
Short Ratio10.84
Dividend
Industry RankSector Rank
Dividend Yield 4.71%
Yearly Dividend0.82
Dividend Growth(5Y)N/A
DP-1181.91%
Div Incr Years2
Div Non Decr Years4
Ex-Date09-02 2025-09-02 (0.215)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-48.85%
Min EPS beat(2)-65.9%
Max EPS beat(2)-31.8%
EPS beat(4)0
Avg EPS beat(4)-134.44%
Min EPS beat(4)-232.82%
Max EPS beat(4)-31.8%
EPS beat(8)1
Avg EPS beat(8)-92.28%
EPS beat(12)3
Avg EPS beat(12)-63.27%
EPS beat(16)6
Avg EPS beat(16)-46.91%
Revenue beat(2)2
Avg Revenue beat(2)4.44%
Min Revenue beat(2)3.09%
Max Revenue beat(2)5.8%
Revenue beat(4)4
Avg Revenue beat(4)4.69%
Min Revenue beat(4)3.09%
Max Revenue beat(4)5.8%
Revenue beat(8)7
Avg Revenue beat(8)3.96%
Revenue beat(12)11
Avg Revenue beat(12)3.14%
Revenue beat(16)14
Avg Revenue beat(16)3.41%
PT rev (1m)3.38%
PT rev (3m)10.38%
EPS NQ rev (1m)-2.13%
EPS NQ rev (3m)-0.82%
EPS NY rev (1m)-8.45%
EPS NY rev (3m)-12.48%
Revenue NQ rev (1m)0.44%
Revenue NQ rev (3m)1.6%
Revenue NY rev (1m)3.18%
Revenue NY rev (3m)2.72%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 55.15
P/S 8.36
P/FCF N/A
P/OCF 14.19
P/B 1.14
P/tB 1.29
EV/EBITDA 17.35
EPS(TTM)-0.08
EYN/A
EPS(NY)0.33
Fwd EY1.81%
FCF(TTM)-4.44
FCFYN/A
OCF(TTM)1.27
OCFY7.05%
SpS2.15
BVpS15.77
TBVpS13.92
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.25%
ROE -0.44%
ROCE 2.55%
ROIC 2.02%
ROICexc 2.02%
ROICexgc 2.18%
OM 32.55%
PM (TTM) N/A
GM 89.64%
FCFM N/A
ROA(3y)0.11%
ROA(5y)0.14%
ROE(3y)0.14%
ROE(5y)0.19%
ROIC(3y)1.26%
ROIC(5y)0.97%
ROICexc(3y)1.28%
ROICexc(5y)1%
ROICexgc(3y)1.42%
ROICexgc(5y)1.11%
ROCE(3y)1.6%
ROCE(5y)1.23%
ROICexcg growth 3Y41.23%
ROICexcg growth 5Y4.74%
ROICexc growth 3Y43.56%
ROICexc growth 5Y5.43%
OM growth 3Y31.91%
OM growth 5Y6.71%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.33%
GM growth 5Y-1.07%
F-Score5
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0.71
Debt/FCF N/A
Debt/EBITDA 6.57
Cap/Depr 572.14%
Cap/Sales 264.89%
Interest Coverage 1.55
Cash Conversion 74.7%
Profit Quality N/A
Current Ratio 9.87
Quick Ratio 9.87
Altman-Z 1.04
F-Score5
WACC6.93%
ROIC/WACC0.29
Cap/Depr(3y)743.16%
Cap/Depr(5y)1277.14%
Cap/Sales(3y)367.55%
Cap/Sales(5y)620.26%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-214.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%233.33%
EPS Next Y232.05%
EPS Next 2Y101%
EPS Next 3Y60.51%
EPS Next 5Y32.52%
Revenue 1Y (TTM)21.39%
Revenue growth 3Y40.14%
Revenue growth 5Y51.61%
Sales Q2Q%22.04%
Revenue Next Year22.26%
Revenue Next 2Y13.64%
Revenue Next 3Y12.25%
Revenue Next 5Y14.45%
EBIT growth 1Y42.43%
EBIT growth 3Y84.86%
EBIT growth 5Y61.79%
EBIT Next Year690.03%
EBIT Next 3Y113.99%
EBIT Next 5Y75.64%
FCF growth 1Y-4.69%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y68.59%
OCF growth 3Y42.01%
OCF growth 5Y71.48%