Real Estate - REIT - Retail - NYSE - US
$ 15.45
-0.0647 %
$ 1.26 B
Market Cap
-257.5
P/E
NETSTREIT is an internally managed Real Estate Investment Trust (REIT) 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.[ Read More ]
The intrinsic value of one NTST stock under the base case scenario is HIDDEN Compared to the current market price of 15.4 USD, NETSTREIT Corp. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart NTST
FINANCIALS
132 M
REVENUE
24.1 M
OPERATING INCOME
6.89 M
NET INCOME
80.2 M
OPERATING CASH FLOW
-452 M
INVESTING CASH FLOW
331 M
FINANCING CASH FLOW
41.4 M
REVENUE
2.36 M
OPERATING INCOME
-5.3 M
NET INCOME
25.1 M
OPERATING CASH FLOW
-115 M
INVESTING CASH FLOW
105 M
FINANCING CASH FLOW
Balance Sheet Decomposition
NETSTREIT Corp.
| Current Assets | 218 M |
| Cash & Short-Term Investments | 32.9 M |
| Receivables | 134 M |
| Other Current Assets | 51.3 M |
| Non-Current Assets | 161 M |
| Long-Term Investments | 0 |
| PP&E | 0 |
| Other Non-Current Assets | 161 M |
| Current Liabilities | 26.8 M |
| Accounts Payable | 4.69 M |
| Short-Term Debt | 162 K |
| Other Current Liabilities | 22 M |
| Non-Current Liabilities | 565 M |
| Long-Term Debt | 640 M |
| Other Non-Current Liabilities | -75.1 M |
EFFICIENCY
Earnings Waterfall
NETSTREIT Corp.
| Revenue | 132 M |
| Cost Of Revenue | 15 M |
| Gross Profit | 117 M |
| Operating Expenses | 107 M |
| Operating Income | 24.1 M |
| Other Expenses | 17.2 M |
| Net Income | 6.89 M |
RATIOS
88.62%
GROSS MARGIN
18.27%
OPERATING MARGIN
5.18%
NET MARGIN
0.54%
ROE
0.35%
ROA
1.29%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
NETSTREIT Corp.
| Net Income | 6.89 M |
| Depreciation & Amortization | 63.7 M |
| Capital Expenditures | -35 K |
| Stock-Based Compensation | 4.82 M |
| Change in Working Capital | 2.46 M |
| Others | 1.07 M |
| Free Cash Flow | 80.1 M |
Wall Street Analysts Price Targets
NETSTREIT Corp.
Wall Street analysts predict an average 1-year price target for NTST of $22.6 , with forecasts ranging from a low of $16 to a high of $46 .
NTST Lowest Price Target
Wall Street Target
16 USD
3.56%
NTST Average Price Target
Wall Street Target
22.6 USD
46.44%
NTST Highest Price Target
Wall Street Target
46 USD
197.73%
4. DIVIDEND ANALYSIS
1.27%
DIVIDEND YIELD
0.21 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
NETSTREIT Corp.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
112 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
19.4 K USD 1
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 months ago
Aug 19, 2024
|
Bought 19.4 K USD
|
Donlan Daniel P
CFO and Treasurer |
+ 1200
|
16.2 USD |
|
6 months ago
May 16, 2024
|
Sell 112 K USD
|
Minnis Todd
Director |
- 6250
|
17.86 USD |
|
1 year ago
Sep 11, 2023
|
Bought 22 K USD
|
Donlan Daniel P
CFO and Treasurer |
+ 1300
|
16.92 USD |
|
1 year ago
Aug 03, 2023
|
Bought 27.4 K USD
|
Manheimer Mark
President, CEO and Secretary |
+ 1581
|
17.33 USD |
|
1 year ago
Aug 03, 2023
|
Bought 27.6 K USD
|
Manheimer Mark
President, CEO and Secretary |
+ 1600
|
17.24 USD |
|
1 year ago
Aug 03, 2023
|
Bought 22.4 K USD
|
Donlan Daniel P
CFO and Treasurer |
+ 1300
|
17.25 USD |
|
2 years ago
Mar 10, 2022
|
Sell 33.4 K USD
|
Zeigler Robin McBride
director: |
- 1563
|
21.36 USD |
|
2 years ago
Mar 10, 2022
|
Sell 31.7 K USD
|
Wittman Lori
director: |
- 1482
|
21.36 USD |
|
2 years ago
Mar 10, 2022
|
Sell 32.4 K USD
|
Everett Heidi
director: |
- 1516
|
21.36 USD |
|
2 years ago
Mar 10, 2022
|
Sell 27.1 K USD
|
Minnis Todd
director: |
- 1270
|
21.36 USD |
|
4 years ago
Nov 05, 2020
|
Bought 67.4 K USD
|
Manheimer Mark
President and CEO |
+ 3767
|
17.88 USD |
|
4 years ago
Aug 17, 2020
|
Bought 270 K USD
|
TROXELL MATTHEW A
Director |
+ 15000
|
18 USD |
|
4 years ago
Aug 17, 2020
|
Bought 67.5 K USD
|
Wittman Lori
Director |
+ 3750
|
18 USD |
|
4 years ago
Aug 17, 2020
|
Bought 36 K USD
|
Blocher Andrew P
CFO, Treasurer and Secretary |
+ 2000
|
18 USD |
7. News
Netstreit: 2 Reasons Not To Buy This REIT As Real Estate Rebounds
NETSTREIT's Q3 earnings showed growth in revenue and portfolio, but the REIT continues to underperform compared to top sector peers. Portfolio quality issues, particularly high exposure to dollar stores and drug stores, pose significant risks to NTST's credit quality and diversification goals. Despite strengths like no near-term debt maturities and high-rated tenants, NTST's concentrated portfolio makes it an unattractive acquisition target and limits valuation expansion.
seekingalpha.com
- 5 days ago
2 Overpriced REITs To Avoid And 1 Better Buy
Not all REITs are worth buying. Some very popular REITs are today overpriced. I present two of them to avoid and one better alternative.
seekingalpha.com
- 1 week ago
NETSTREIT Corp. (NTST) Q3 2024 Earnings Call Transcript
NETSTREIT Corp. (NYSE:NTST ) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Amy An - Investor Relations Mark Manheimer - Chief Executive Officer Dan Donlan - Chief Financial Officer Conference Call Participants Wes Golladay - Baird Ravi Vaidya - Mizuho Nicholas Joseph - Citi Ki Bin Kim - Truist Securities Kathryn Graves - UBS Upal Rana - KeyBanc Capital Markets Greg McGinniss - Scotiabank Farrell Granath - Bank of America Operator Greetings, and welcome to NETSTREIT Corp Third Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
seekingalpha.com
- 1 week ago
NETSTREIT (NTST) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for NETSTREIT (NTST) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.com
- 1 week ago
NETSTREIT (NTST) Meets Q3 FFO Estimates
NETSTREIT (NTST) came out with quarterly funds from operations (FFO) of $0.32 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.31 per share a year ago.
zacks.com
- 1 week ago
NETSTREIT Reports Third Quarter 2024 Financial and Operating Results
DALLAS--(BUSINESS WIRE)--NETSTREIT Corp. (NYSE: NTST) (the “Company”) today announced financial and operating results for the third quarter ended September 30, 2024. “We are pleased to announce our highest quarterly investment activity in the Company's history with $151.6 million in gross investments at a blended cash yield of 7.5%. Our 100% occupied portfolio remains in excellent condition to support our growing earnings base and attractive dividend yield. Looking forward, we remain focused on.
businesswire.com
- 1 week ago
U.S. REITs Log Dip In Short Interest In September
Average REIT short interest fell 8 basis points in September to 3.7% of shares outstanding, per S&P Global Market Intelligence data. The hotel sector followed with a 60-basis point drop, while the office sector remained the most-shorted at 5.3% of shares outstanding. Wheeler Real Estate Investment Trust logged the largest increase in short interest, up 16 percentage points to 32.4% of shares outstanding.
seekingalpha.com
- 1 month ago
Top 3 Real Estate Stocks That May Explode This Quarter
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
benzinga.com
- 1 month ago
NETSTREIT Corp. Announces Dates for Third Quarter 2024 Earnings Release and Conference Call
DALLAS--(BUSINESS WIRE)--NETSTREIT Corp. (NYSE: NTST) (the “Company”), a nationwide owner of high-quality, single-tenant net lease properties, today announced that it will release its third quarter 2024 financial results on November 4, 2024 after the close of trading on the New York Stock Exchange. A conference call will be held on Tuesday, November 5, 2024 at 11:00 AM ET. A live webcast will be accessible on the “Investor Relations” section of the Company's website at www.NETSTREIT.com. To lis.
businesswire.com
- 1 month ago
Animal Spirits Awaken
U.S. equity markets gained for a third-straight week while short-term interest rates declined to two-year lows as "Goldilocks" economic data provided a backdrop of support for dovish Fed policy. Following combined gains of 5% over the prior two weeks, the S&P 500 gained another 0.6% this week, notching another series of all-time highs. Real estate equities - the most "Fed sensitive" market segment - underperformed for a second week following a significant two-month rally heading into the Fed's rate cut announcement.
seekingalpha.com
- 1 month ago
Animal Spirits Awaken
U.S. equity markets gained for a third-straight week while short-term interest rates declined to two-year lows as "Goldilocks" economic data provided a backdrop of support for dovish Fed policy. Following combined gains of 5% over the prior two weeks, the S&P 500 gained another 0.6% this week, notching another series of all-time highs. Real estate equities - the most "Fed sensitive" market segment - underperformed for a second week following a significant two-month rally heading into the Fed's rate cut announcement.
seekingalpha.com
- 1 month ago
REITs Are Back! 3 Gems To Buy Before Everyone Else Does
The $22.5 trillion U.S. commercial real estate market is showing signs of recovery, fueled by improved lending conditions and rebounding property prices. Lower rates and rebounding liquidity could support further growth, but risks remain, particularly for office properties facing a massive maturity wall. Amid these trends, several REITs offer strong income potential and growth opportunities, thanks to strategic positioning and resilient business models.
seekingalpha.com
- 1 month ago
NETSTREIT: A Solid Dividend And Significant Undervaluation
NETSTREIT is a net-lease retail REIT that operates on a national scale. The REIT's portfolio is well-diversified, and its long-term leases enhance cash flow predictability. Recent performance shows significant growth in ABR, NOI, and AFFO.
seekingalpha.com
- 1 month ago
8. Profile Summary
NETSTREIT Corp. NTST
COUNTRY
US
INDUSTRY
REIT - Retail
MARKET CAP
$ 1.26 B
Dividend Yield
1.27%
Description
NETSTREIT is an internally managed Real Estate Investment Trust (REIT) 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.
Contact
5910 North Central Expressway, Dallas, TX, 75206
https://www.netstreit.com
IPO Date
Aug. 13, 2020
Employees
28
Officers
Mr. Jeff Fuge
Senior Vice President of Acquisitions
Mr. Daniel Paul Donlan
Chief Financial Officer, Interim Principal Accounting Officer & Treasurer
Ms. Amy An
Senior Associate of Investor Relations
Mr. Chad Shafer
Senior Vice President of Real Estate & Underwriting
Mr. Mark Manheimer
President, Chief Executive Officer, Secretary & Director