Logo image of NTST

NETSTREIT CORP (NTST) Stock Fundamental Analysis

NYSE:NTST - New York Stock Exchange, Inc. - US64119V3033 - REIT - Currency: USD

18.31  +0.08 (+0.44%)

After market: 18.31 0 (0%)

Fundamental Rating

4

NTST gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 130 industry peers in the Diversified REITs industry. NTST has an average financial health and profitability rating. NTST is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

Quickly go to:

4

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.
In the past 5 years NTST always reported a positive cash flow from operatings.
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 in the lower half of the industry: NTST underperforms 60.77% of its industry peers.
NTST's Return On Equity of -0.44% is on the low side compared to the rest of the industry. NTST is outperformed by 60.77% 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 67.69% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NTST is in line with the industry average of 3.16%.
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's Operating Margin of 32.55% is fine compared to the rest of the industry. NTST outperforms 69.23% of its industry peers.
In the last couple of years the Operating Margin of NTST has grown nicely.
With an excellent Gross Margin value of 89.64%, NTST belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.
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

More info and screens

4

2. Health

2.1 Basic Checks

NTST has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
NTST has more shares outstanding than it did 1 year ago.
NTST has more shares outstanding than it did 5 years ago.
The debt/assets ratio for NTST is higher compared to a year ago.
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's Altman-Z score of 1.04 is fine compared to the rest of the industry. NTST outperforms 76.92% of its industry peers.
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 is in the better half of the industry, outperforming 77.69% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.71
Debt/FCF N/A
Altman-Z 1.04
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

NTST has a Current Ratio of 9.87. This indicates that NTST is financially healthy and has no problem in meeting its short term obligations.
NTST has a Current ratio of 9.87. This is amongst the best in 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's Quick ratio of 9.87 is amongst the best of the industry. NTST outperforms 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

More info and screens

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%.
NTST shows a strong growth in Revenue. In the last year, the Revenue has grown by 21.39%.
The Revenue has been growing by 51.61% on average over the past years. This is a very strong growth!
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

NTST is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 32.52% yearly.
Based on estimates for the next years, NTST will show a quite strong growth in Revenue. The Revenue will grow by 11.52% on average per year.
EPS Next Y244.23%
EPS Next 2Y101.99%
EPS Next 3Y58.64%
EPS Next 5Y32.52%
Revenue Next Year18.49%
Revenue Next 2Y12.29%
Revenue Next 3Y11.25%
Revenue Next 5Y11.52%

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 50M 100M 150M 200M 250M
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

More info and screens

2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for NTST. In the last year negative earnings were reported.
A Price/Forward Earnings ratio of 55.02 indicates a quite expensive valuation of NTST.
NTST's Price/Forward Earnings ratio is in line with the industry average.
NTST is valuated expensively when we compare the Price/Forward Earnings ratio to 36.21, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 55.02
NTST Price Earnings VS Forward Price EarningsNTST Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 -50 -100 -150 -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 77.69% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 17.33
NTST Per share dataNTST EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

The 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 58.64% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y101.99%
EPS Next 3Y58.64%

More info and screens

4

5. Dividend

5.1 Amount

NTST has a Yearly Dividend Yield of 4.72%, which is a nice return.
NTST's Dividend Yield is comparable with the industry average which is at 6.45.
Compared to an average S&P500 Dividend Yield of 2.39, NTST pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.72%

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

NTST has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-1181.91%
EPS Next 2Y101.99%
EPS Next 3Y58.64%
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

More info and screens

NETSTREIT CORP

NYSE:NTST (8/1/2025, 8:04:00 PM)

After market: 18.31 0 (0%)

18.31

+0.08 (+0.44%)

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 Owners121.45%
Inst Owner Change0.03%
Ins Owners0.59%
Ins Owner Change20.67%
Market Cap1.53B
Analysts80.83
Price Target18.6 (1.58%)
Short Float %10.48%
Short Ratio7.52
Dividend
Industry RankSector Rank
Dividend Yield 4.72%
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)1.31%
PT rev (3m)3.33%
EPS NQ rev (1m)3.92%
EPS NQ rev (3m)-52.68%
EPS NY rev (1m)-7.18%
EPS NY rev (3m)-12.61%
Revenue NQ rev (1m)1.35%
Revenue NQ rev (3m)4.35%
Revenue NY rev (1m)-0.1%
Revenue NY rev (3m)1.94%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 55.02
P/S 8.5
P/FCF N/A
P/OCF 14.44
P/B 1.16
P/tB 1.32
EV/EBITDA 17.33
EPS(TTM)-0.08
EYN/A
EPS(NY)0.33
Fwd EY1.82%
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 1.04
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 Y244.23%
EPS Next 2Y101.99%
EPS Next 3Y58.64%
EPS Next 5Y32.52%
Revenue 1Y (TTM)21.39%
Revenue growth 3Y40.14%
Revenue growth 5Y51.61%
Sales Q2Q%22.04%
Revenue Next Year18.49%
Revenue Next 2Y12.29%
Revenue Next 3Y11.25%
Revenue Next 5Y11.52%
EBIT growth 1Y42.43%
EBIT growth 3Y84.86%
EBIT growth 5Y61.79%
EBIT Next Year678.88%
EBIT Next 3Y109.11%
EBIT Next 5Y73.9%
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%