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NETSTREIT CORP (NTST) Stock Fundamental Analysis

NYSE:NTST - US64119V3033 - REIT

18.29 USD
+0.09 (+0.49%)
Last: 8/29/2025, 8:04:00 PM
18.29 USD
0 (0%)
After Hours: 8/29/2025, 8:04:00 PM
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to NTST. NTST was compared to 129 industry peers in the Diversified REITs industry. NTST has only an average score on both its financial health and profitability. While showing a medium growth rate, NTST is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year NTST has reported negative net income.
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

With a Return On Assets value of -0.25%, NTST perfoms like the industry average, outperforming 40.31% of the companies in the same industry.
Looking at the Return On Equity, with a value of -0.44%, NTST is in line with its industry, outperforming 40.31% of the companies in the same industry.
NTST has a worse Return On Invested Capital (2.02%) than 63.57% 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 3.06%.
The 3 year average ROIC (1.26%) for NTST is below the current ROIC(2.02%), indicating increased profibility in the last year.
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 68.22% of its industry peers.
NTST's Operating Margin has improved in the last couple of years.
NTST has a better Gross Margin (89.64%) than 91.47% of its industry peers.
NTST's Gross Margin has been stable in the last couple of years.
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.
The number of shares outstanding for NTST has been increased compared to 1 year ago.
The number of shares outstanding for NTST has been increased compared to 5 years ago.
Compared to 1 year ago, NTST has a worse debt to assets ratio.
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

Based on the Altman-Z score of 1.03, we must say that NTST is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.03, NTST is in the better half of the industry, outperforming 74.42% of the companies in the same industry.
A Debt/Equity ratio of 0.71 indicates that NTST is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.71, NTST belongs to the top of the industry, outperforming 82.17% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.71
Debt/FCF N/A
Altman-Z 1.03
ROIC/WACC0.29
WACC7.03%
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.
NTST's Current ratio of 9.87 is amongst the best of the industry. NTST outperforms 100.00% of its industry peers.
A Quick Ratio of 9.87 indicates that NTST has no problem at all paying its short term obligations.
NTST has a better Quick ratio (9.87) than 100.00% of its industry peers.
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

NTST shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -214.29%.
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

The Earnings Per Share is expected to grow by 32.52% on average over the next years. This is a very strong growth
Based on estimates for the next years, NTST will show a quite strong growth in Revenue. The Revenue will grow by 14.45% on average per year.
EPS Next Y232.05%
EPS Next 2Y101%
EPS Next 3Y60.51%
EPS Next 5Y32.52%
Revenue Next Year21.48%
Revenue Next 2Y13.33%
Revenue Next 3Y12.53%
Revenue Next 5Y14.45%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in 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

The Price/Earnings Ratio is negative for NTST. In the last year negative earnings were reported.
NTST is valuated quite expensively with a Price/Forward Earnings ratio of 56.04.
NTST's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.72. NTST is valued rather expensively when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 56.04
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

72.87% of the companies in the same industry are cheaper than NTST, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 17.26
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 4.56%, NTST is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.31, NTST has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, NTST pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.56%

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 (8/29/2025, 8:04:00 PM)

After market: 18.29 0 (0%)

18.29

+0.09 (+0.49%)

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 Change10.69%
Market Cap1.53B
Analysts82.61
Price Target19.63 (7.33%)
Short Float %20.86%
Short Ratio13.79
Dividend
Industry RankSector Rank
Dividend Yield 4.56%
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)5.53%
PT rev (3m)8.32%
EPS NQ rev (1m)3.07%
EPS NQ rev (3m)-53.06%
EPS NY rev (1m)-8.45%
EPS NY rev (3m)-12.48%
Revenue NQ rev (1m)1.42%
Revenue NQ rev (3m)4.42%
Revenue NY rev (1m)2.31%
Revenue NY rev (3m)2.75%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 56.04
P/S 8.49
P/FCF N/A
P/OCF 14.42
P/B 1.16
P/tB 1.31
EV/EBITDA 17.26
EPS(TTM)-0.08
EYN/A
EPS(NY)0.33
Fwd EY1.78%
FCF(TTM)-4.44
FCFYN/A
OCF(TTM)1.27
OCFY6.93%
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 1.03
F-Score5
WACC7.03%
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 Year21.48%
Revenue Next 2Y13.33%
Revenue Next 3Y12.53%
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%