REIT - Retail
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NTST vs NNN
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Retail
NTST vs NNN — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Retail | REIT - Retail |
| Market Cap | $1.72B | $8.51B |
| Revenue (TTM) | $176M | $936M |
| Net Income (TTM) | $185K | $387M |
| Gross Margin | 92.4% | 81.4% |
| Operating Margin | 27.7% | 63.3% |
| Forward P/E | 65.4x | 21.8x |
| Total Debt | $0.00 | $4.82B |
| Cash & Equiv. | $14M | $5M |
NTST vs NNN — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Aug 20 | May 26 | Return |
|---|---|---|---|
| NETSTREIT Corp. (NTST) | 100 | 112.2 | +12.2% |
| NNN REIT, Inc. (NNN) | 100 | 126.2 | +26.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NTST vs NNN
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NTST is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 30.0%, EPS growth 150.0%, 3Y rev CAGR 28.2%
- 41.9% 10Y total return vs NNN's 39.7%
- Lower volatility, beta 0.05
NNN carries the broadest edge in this set and is the clearest fit for income & stability.
- Dividend streak 9 yrs, beta 0.15, yield 5.3%
- Lower P/E (21.8x vs 65.4x)
- 41.4% margin vs NTST's 0.1%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 30.0% FFO/revenue growth vs NNN's 6.6% | |
| Value | Lower P/E (21.8x vs 65.4x) | |
| Quality / Margins | 41.4% margin vs NTST's 0.1% | |
| Stability / Safety | Beta 0.05 vs NNN's 0.15 | |
| Dividends | 5.3% yield, 9-year raise streak, vs NTST's 4.1% | |
| Momentum (1Y) | +33.5% vs NNN's +12.1% | |
| Efficiency (ROA) | 4.1% ROA vs NTST's 0.0%, ROIC 4.8% vs 2.1% |
NTST vs NNN — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
NTST leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
NNN is the larger business by revenue, generating $936M annually — 5.3x NTST's $176M. NNN is the more profitable business, keeping 41.4% of every revenue dollar as net income compared to NTST's 0.1%. On growth, NTST holds the edge at +27.7% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $176M | $936M |
| EBITDAEarnings before interest/tax | $133M | $867M |
| Net IncomeAfter-tax profit | $185,000 | $387M |
| Free Cash FlowCash after capex | $106M | $464M |
| Gross MarginGross profit ÷ Revenue | +92.4% | +81.4% |
| Operating MarginEBIT ÷ Revenue | +27.7% | +63.3% |
| Net MarginNet income ÷ Revenue | +0.1% | +41.4% |
| FCF MarginFCF ÷ Revenue | +59.9% | +49.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +27.7% | +4.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +110.6% | -2.0% |
Valuation Metrics
NNN leads this category, winning 4 of 7 comparable metrics.
Valuation Metrics
At 21.6x trailing earnings, NNN trades at a 92% valuation discount to NTST's 257.1x P/E. Adjusting for growth (PEG ratio), NNN offers better value at 1.94x vs NTST's 4.40x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $1.7B | $8.5B |
| Enterprise ValueMkt cap + debt − cash | $1.7B | $13.3B |
| Trailing P/EPrice ÷ TTM EPS | 257.13x | 21.60x |
| Forward P/EPrice ÷ next-FY EPS est. | 65.45x | 21.78x |
| PEG RatioP/E ÷ EPS growth rate | 4.40x | 1.94x |
| EV / EBITDAEnterprise value multiple | 12.47x | 15.89x |
| Price / SalesMarket cap ÷ Revenue | 8.81x | 9.18x |
| Price / BookPrice ÷ Book value/share | 1.19x | 1.91x |
| Price / FCFMarket cap ÷ FCF | 15.68x | 12.75x |
Profitability & Efficiency
NNN leads this category, winning 4 of 7 comparable metrics.
Profitability & Efficiency
NNN delivers a 8.8% return on equity — every $100 of shareholder capital generates $9 in annual profit, vs $0 for NTST. On the Piotroski fundamental quality scale (0–9), NTST scores 6/9 vs NNN's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +0.0% | +8.8% |
| ROA (TTM)Return on assets | +0.0% | +4.1% |
| ROICReturn on invested capital | +2.1% | +4.8% |
| ROCEReturn on capital employed | +2.1% | +6.4% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 4 |
| Debt / EquityFinancial leverage | — | 1.09x |
| Net DebtTotal debt minus cash | -$14M | $4.8B |
| Cash & Equiv.Liquid assets | $14M | $5M |
| Total DebtShort + long-term debt | $0 | $4.8B |
| Interest CoverageEBIT ÷ Interest expense | — | 2.93x |
Total Returns (Dividends Reinvested)
NTST leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NNN five years ago would be worth $11,767 today (with dividends reinvested), compared to $11,752 for NTST. Over the past 12 months, NTST leads with a +33.5% total return vs NNN's +12.1%. The 3-year compound annual growth rate (CAGR) favors NTST at 8.6% vs NNN's 4.9% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +17.0% | +16.1% |
| 1-Year ReturnPast 12 months | +33.5% | +12.1% |
| 3-Year ReturnCumulative with dividends | +28.2% | +15.6% |
| 5-Year ReturnCumulative with dividends | +17.5% | +17.7% |
| 10-Year ReturnCumulative with dividends | +41.9% | +39.7% |
| CAGR (3Y)Annualised 3-year return | +8.6% | +4.9% |
Risk & Volatility
Evenly matched — NTST and NNN each lead in 1 of 2 comparable metrics.
Risk & Volatility
NTST is the less volatile stock with a 0.05 beta — it tends to amplify market swings less than NNN's 0.15 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.05x | 0.15x |
| 52-Week HighHighest price in past year | $21.30 | $46.03 |
| 52-Week LowLowest price in past year | $15.24 | $38.90 |
| % of 52W HighCurrent price vs 52-week peak | +96.6% | +97.1% |
| RSI (14)Momentum oscillator 0–100 | 52.4 | 55.7 |
| Avg Volume (50D)Average daily shares traded | 1.2M | 1.4M |
Analyst Outlook
NNN leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates NTST as "Buy" and NNN as "Hold". Consensus price targets imply 7.1% upside for NTST (target: $22) vs 3.0% for NNN (target: $46). For income investors, NNN offers the higher dividend yield at 5.27% vs NTST's 4.05%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $22.03 | $46.06 |
| # AnalystsCovering analysts | 18 | 29 |
| Dividend YieldAnnual dividend ÷ price | +4.1% | +5.3% |
| Dividend StreakConsecutive years of raises | 0 | 9 |
| Dividend / ShareAnnual DPS | $0.83 | $2.36 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.0% | 0.0% |
NNN leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). NTST leads in 2 (Income & Cash Flow, Total Returns). 1 tied.
NTST vs NNN: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is NTST or NNN a better buy right now?
For growth investors, NETSTREIT Corp.
(NTST) is the stronger pick with 30. 0% revenue growth year-over-year, versus 6. 6% for NNN REIT, Inc. (NNN). NNN REIT, Inc. (NNN) offers the better valuation at 21. 6x trailing P/E (21. 8x forward), making it the more compelling value choice. Analysts rate NETSTREIT Corp. (NTST) a "Buy" — based on 18 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — NTST or NNN?
On trailing P/E, NNN REIT, Inc.
(NNN) is the cheapest at 21. 6x versus NETSTREIT Corp. at 257. 1x. On forward P/E, NNN REIT, Inc. is actually cheaper at 21. 8x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: NETSTREIT Corp. wins at 1. 12x versus NNN REIT, Inc. 's 1. 95x — a reasonable growth-adjusted valuation.
03Which is the better long-term investment — NTST or NNN?
Over the past 5 years, NNN REIT, Inc.
(NNN) delivered a total return of +17. 7%, compared to +17. 5% for NETSTREIT Corp. (NTST). Over 10 years, the gap is even starker: NTST returned +41. 9% versus NNN's +39. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — NTST or NNN?
By beta (market sensitivity over 5 years), NETSTREIT Corp.
(NTST) is the lower-risk stock at 0. 05β versus NNN REIT, Inc. 's 0. 15β — meaning NNN is approximately 209% more volatile than NTST relative to the S&P 500.
05Which is growing faster — NTST or NNN?
By revenue growth (latest reported year), NETSTREIT Corp.
(NTST) is pulling ahead at 30. 0% versus 6. 6% for NNN REIT, Inc. (NNN). On earnings-per-share growth, the picture is similar: NETSTREIT Corp. grew EPS 150. 0% year-over-year, compared to -3. 7% for NNN REIT, Inc.. Over a 3-year CAGR, NTST leads at 28. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — NTST or NNN?
NNN REIT, Inc.
(NNN) is the more profitable company, earning 42. 1% net margin versus 3. 5% for NETSTREIT Corp. — meaning it keeps 42. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NNN leads at 61. 5% versus 25. 7% for NTST. At the gross margin level — before operating expenses — NTST leads at 99. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is NTST or NNN more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, NETSTREIT Corp. (NTST) is the more undervalued stock at a PEG of 1. 12x versus NNN REIT, Inc. 's 1. 95x. A PEG below 1. 5 suggests fair-to-attractive pricing relative to expected growth. On forward earnings alone, NNN REIT, Inc. (NNN) trades at 21. 8x forward P/E versus 65. 4x for NETSTREIT Corp. — 43. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NTST: 7. 1% to $22. 03.
08Which pays a better dividend — NTST or NNN?
All stocks in this comparison pay dividends.
NNN REIT, Inc. (NNN) offers the highest yield at 5. 3%, versus 4. 1% for NETSTREIT Corp. (NTST).
09Is NTST or NNN better for a retirement portfolio?
For long-horizon retirement investors, NETSTREIT Corp.
(NTST) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 05), 4. 1% yield). Both have compounded well over 10 years (NTST: +41. 9%, NNN: +39. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between NTST and NNN?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: NTST is a small-cap high-growth stock; NNN is a small-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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