(NTST) Netstreit - NYSE
Sector: Real Estate | Industry: REIT - Retail | Exchange: NYSE (USA) | Market Cap: 1.990m USD | Total Return: 20% in 12m
Avg Turnover: 27.3M
Qual. Beats: 0
Rev. Trend: 99.4%
Qual. Beats: -1
Warnings
P/E ratio 169.8
Share dilution 20.7% YoY
High Debt/EBITDA (7.8) with thin interest coverage (1.2)
High Debt while negative Cash Flow
Altman Z'' 0.94 < 1.0 - financial distress zone
Choppy Below Avwap Earnings
Tailwinds
Shakeout
NETSTREIT Corp. (NTST) is a Dallas-based real estate investment trust (REIT) focused on the acquisition and management of single-tenant retail properties across the United States. The company targets e-commerce resistant tenants with strong credit profiles to ensure stable rental income. As a net lease REIT, the company utilizes a business model where tenants are typically responsible for property operating expenses, including taxes, insurance, and maintenance, which reduces overhead volatility for the landlord.
The firm’s portfolio strategy emphasizes high-quality retail assets occupied by necessity-based retailers, such as grocery stores and pharmacies, which often maintain consistent performance during economic downturns. This sector focus aims to provide defensive yield and long-term dividend growth for shareholders. For a deeper look into the companys valuation metrics, consider reviewing the latest data on ValueRay.
Founded in 2019, NETSTREIT is managed internally by a team of commercial real estate executives. The company operates within the Retail REITs sub-industry, a segment of the real estate market that relies on long-term contractual lease agreements to generate predictable cash flows.
- Investment grade tenant concentration mitigates default risk during economic downturns
- High interest rates increase cost of capital for property acquisitions
- Strategic focus on e-commerce resistant retail ensures long term occupancy levels
- Portfolio expansion through accretive acquisitions drives adjusted funds from operations
- Dividend payout stability depends on consistent rental income from single-tenant leases
| Net Income: 10.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA -8.88 > 1.0 |
| NWC/Revenue: -30.65% < 20% (prev 76.54%; Δ -107.2% < -1%) |
| CFO/TA 0.04 > 3% & CFO 113.7m > Net Income 10.9m |
| Net Debt (1.25b) to EBITDA (159.5m): 7.83 < 3 |
| Current Ratio: 0.52 > 1.5 & < 3 |
| Outstanding Shares: last quarter (99.1m) vs 12m ago 20.67% < -2% |
| Gross Margin: 90.24% > 18% (prev 89.24%; Δ 1.00% > 0.5%) |
| Asset Turnover: 7.98% > 50% (prev 7.48%; Δ 0.49% > 0%) |
| Interest Coverage Ratio: 1.16 > 6 (EBIT TTM 68.6m / Interest Expense TTM 59.1m) |
| A: -0.02 (Total Current Assets 68.8m - Total Current Liabilities 131.0m) / Total Assets 2.81b |
| B: -0.10 (Retained Earnings -267.7m / Total Assets 2.81b) |
| C: 0.03 (EBIT TTM 68.6m / Avg Total Assets 2.55b) |
| D: 1.16 (Book Value of Equity 1.51b / Total Liabilities 1.30b) |
| Altman-Z'' = 0.94 = BB |
| DSRI: 0.64 (Receivables 130.3m/171.9m, Revenue 203.2m/171.0m) |
| GMI: 0.99 (GM 89.24% / 90.24%) |
| AQI: 0.16 (AQ_t 0.14 / AQ_t-1 0.88) |
| SGI: 1.19 (Revenue 203.2m / 171.0m) |
| TATA: -0.04 (NI 10.9m - CFO 113.7m) / TA 2.81b) |
| Beneish M = -3.70 (Cap -4..+1) = AAA |
As of June 19, 2026, the stock is trading at USD 19.20 with a total of 2,389,211 shares traded.
Over the past week, the price has changed by -4.86%,
over one month by -6.54%,
over three months by -2.21% and
over the past year by +20.00%.
Netstreit has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy NTST.
- StrongBuy: 12
- Buy: 1
- Hold: 4
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 22.7 | 18.1% |
P/E Trailing = 169.75
P/E Forward = 53.7634
P/S = 9.6508
P/B = 1.3163
Revenue TTM = 203.2m USD
EBIT TTM = 68.6m USD
EBITDA TTM = 159.5m USD
Long Term Debt = 1.15b USD (from longTermDebt, last quarter)
Short Term Debt = 88.0m USD (from shortTermDebt, last quarter)
Debt = 1.26b USD (from shortLongTermDebtTotal, last quarter) + Leases 20.3m
Net Debt = 1.25b USD (calculated: Debt 1.26b - CCE 11.1m)
Enterprise Value = 3.24b USD (1.99b + Debt 1.26b - CCE 11.1m)
Interest Coverage Ratio = 1.16 (Ebit TTM 68.6m / Interest Expense TTM 59.1m)
EV/FCF = -25.76x (Enterprise Value 3.24b / FCF TTM -125.7m)
FCF Yield = -3.88% (FCF TTM -125.7m / Enterprise Value 3.24b)
FCF Margin = -61.87% (FCF TTM -125.7m / Revenue TTM 203.2m)
Net Margin = 5.36% (Net Income TTM 10.9m / Revenue TTM 203.2m)
Gross Margin = 90.24% ((Revenue TTM 203.2m - Cost of Revenue TTM 19.8m) / Revenue TTM)
Gross Margin QoQ = 90.26% (prev 89.19%)
Tobins Q-Ratio = 1.15 (Enterprise Value 3.24b / Total Assets 2.81b)
Interest Expense / Debt = 4.69% (Interest Expense 59.1m / Debt 1.26b)
Taxrate = 0.47% (52.0k / 11.0m)
NOPAT = 68.3m (EBIT 68.6m * (1 - 0.47%))
Current Ratio = 0.52 (Total Current Assets 68.8m / Total Current Liabilities 131.0m)
Debt / Equity = 0.84 (Debt 1.26b / totalStockholderEquity, last quarter 1.51b)
Debt / EBITDA = 7.83 (Net Debt 1.25b / EBITDA 159.5m)
Debt / FCF = -9.93 (negative FCF - burning cash) (Net Debt 1.25b / FCF TTM -125.7m)
Total Stockholder Equity = 1.39b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.43% (Net Income 10.9m / Total Assets 2.81b)
RoE = 0.78% (Net Income TTM 10.9m / Total Stockholder Equity 1.39b)
RoCE = 2.70% (EBIT 68.6m / Capital Employed (Equity 1.39b + L.T.Debt 1.15b))
RoIC = 2.48% (NOPAT 68.3m / Invested Capital 2.76b)
WACC = 5.67% (E(1.99b)/V(3.25b) * Re(6.31%) + D(1.26b)/V(3.25b) * Rd(4.69%) * (1-Tc(0.00)))
Discount Rate = 6.31% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.11 | Cagr: 16.77%
[DCF] Fair Price = unknown (Cash Flow -125.7m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.22 | # QB: 0
Revenue Correlation: 99.44 | Revenue CAGR: 23.02% | SUE: -1.70 | # QB: -1
EPS current Quarter (2026-06-30): EPS=0.09 | Chg30d=+50.00% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.09 | Chg30d=+28.57% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=0.33 | Chg30d=+22.22% | Revisions=+20% | GrowthEPS=+0.0% | GrowthRev=+26.2%
EPS next Year (2027-12-31): EPS=0.41 | Chg30d=+32.26% | Revisions=+20% | GrowthEPS=+24.2% | GrowthRev=+17.6%