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NETSTREIT Corp.(NTST)Earnings, Financials & Key Ratios
NTST•NYSE•REIT / Real Estate
234.1× P/E·Price updated Jun 19, 2026
AboutNETSTREIT 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.Show more
- Revenue$181M+20.9%
- FFO$93M+43.6%
- FFO/Share1.11+30.5%
- FFO Payout75.68%-23.0%
- FFO per Share1.11+30.5%
- NOI Margin89.96%+0.9%
- FFO Margin51.43%+18.8%
- ROE0.49%+154.1%
- ROA0.28%+149.9%
NTST Key Insights
NETSTREIT Corp. (NTST) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y profit CAGR of 56.7%
- ✓Strong Piotroski F-Score: 7/9
- ✓FFO growing 46.2% TTM
- ✓Sustainable FFO payout ratio of 75.7%
- ✓High NOI margin of 90.0%
- ✓Healthy dividend yield of 4.4%
✗Weaknesses
- ✗Weak 3Y average ROE of 0.1%
- ✗Dividend payout exceeds 100% of earnings
- ✗Shares diluted 10.0% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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NTST Price & Volume
NETSTREIT Corp. (NTST) stock price & volume — 10-year historical chart
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NTST Growth Metrics
NETSTREIT Corp. (NTST) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years40.42%
3 Years25.16%
TTM22.2%
Profit CAGR
10 Years-
5 Years56.72%
3 Years-5.27%
TTM196.51%
EPS CAGR
10 Years-
5 Years59.27%
3 Years-19.97%
TTM181.94%
Return on Capital
10 Years1.52%
5 Years1.55%
3 Years1.94%
Last Year2.41%
NTST Recent Earnings
NETSTREIT Corp. (NTST) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (8%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 20, 2026Metric
Actual
Est
EPS
$0.06-13.5%
$0.07
Rev
$54M+6.3%
$51M
Q1 2026
Feb 10, 2026Metric
Actual
Est
EPS
$0.02-69.7%
$0.07
Rev
$52M+9.7%
$48M
Q4 2025
Oct 27, 2025Metric
Actual
Est
EPS
$0.01-97.0%
$0.33
Rev
$48M-5.2%
$51M
Q3 2025
Jul 23, 2025Metric
Actual
Est
EPS
$0.04-87.5%
$0.32
Rev
$48M+0.1%
$48M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 20, 2026 | $0.06vs $0.07-13.5% | $54Mvs $51M+6.3% |
| Q1 2026 | Feb 10, 2026 | $0.02vs $0.07-69.7% | $52Mvs $48M+9.7% |
| Q4 2025 | Oct 27, 2025 | $0.01vs $0.33-97.0% | $48Mvs $51M-5.2% |
| Q3 2025 | Jul 23, 2025 | $0.04vs $0.32-87.5% | $48Mvs $48M+0.1% |
Based on last 12 quarters of dataView full earnings history →
NTST Peer Comparison
NETSTREIT Corp. (NTST) competitors in Net Lease Retail REITs — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ADC | 8.8B | 73.25 | 41.38 | 16.42% | 29.28% | 3.65% | 0.53 | |
 NNN | 8.56B | 45.00 | 21.74 | 6.55% | 41.38% | 8.81% | 1.09 | |
 EPRT | 6.35B | 29.36 | 22.94 | 24.97% | 43.28% | 6.3% | 0.60 | |
 O | 56.17B | 60.24 | 51.49 | 9.07% | 18.94% | 2.8% | 0.82 | |
 WPC | 15.62B | 71.22 | 33.75 | 8.89% | 26.02% | 6.29% | 1.07 | |
 PINE | 274.08M | 19.13 | -86.95 | 15.9% | -0.64% | -0.14% | 1.31 | |
 FCPT | 2.69B | 24.49 | 22.47 | 9.72% | 38.74% | 7.38% | 0.74 | |
 GTY | 1.98B | 32.68 | 24.21 | 9.02% | 40.06% | 8.76% | 0.98 |
Compare NTST vs Peers
NETSTREIT Corp. (NTST) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NTST Income Statement
NETSTREIT Corp. (NTST) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 24.68M | 20.37M | 33.22M | 58.35M | 92.5M | 123.12M | 150M | 181.38M | 192.67M |
Revenue Growth % | - | -17.45% | 63.11% | 75.65% | 58.52% | 33.09% | 21.84% | 20.91% | 22.2% |
Property Operating Expenses | 2.58M | 1.68M | 2.06M | 5.02M | 10.27M | 15.01M | 16.2M | 18.2M | 18.91M |
Net Operating Income (NOI) | 22.1M▲ 0% | 18.69M▼ 15.4% | 31.16M▲ 66.7% | 53.34M▲ 71.2% | 82.24M▲ 54.2% | 108.1M▲ 31.5% | 133.8M▲ 23.8% | 163.17M▲ 21.9% | 173.76M▲ 0% |
NOI Margin % | 89.55% | 91.77% | 93.78% | 91.4% | 88.9% | 87.81% | 89.2% | 89.96% | 90.19% |
Operating Expenses | 22.1M | 18.69M | 31.16M | 45.62M | 69.13M | 83.85M | 96.59M | 108.1M | 112.22M |
G&A Expenses | 3.79M | 3.56M | 11.34M | 14.81M | 19.05M | 20.18M | 19.72M | 21.72M | 22.31M |
EBITDA | 18.3M | 15.14M | 20.41M | 38.53M | 63.19M | 87.93M | 114.08M | 141.45M | 151.45M |
EBITDA Margin % | 74.18% | 74.31% | 61.44% | 66.02% | 68.31% | 71.42% | 76.05% | 77.99% | 78.61% |
Depreciation & Amortization | 12.88M | 10.42M | 15.46M | 30.81M | 50.08M | 63.68M | 76.87M | 86.38M | 89.92M |
D&A / Revenue % | 52.2% | 51.17% | 46.53% | 52.79% | 54.13% | 51.72% | 51.25% | 47.62% | 46.67% |
Operating Income | 5.42M▲ 0% | 4.71M▼ 13.1% | 0▼ 100.0% | 7.72M▲ 0% | 13.11M▲ 69.8% | 24.25M▲ 85.0% | 37.21M▲ 53.4% | 55.07M▲ 48.0% | 61.54M▲ 0% |
Operating Margin % | 21.99% | 23.15% | 0% | 13.23% | 14.17% | 19.7% | 24.8% | 30.36% | 31.94% |
Interest Expense | 0 | 10.71M | 4.74M | 3.3M | 8.64M | 20.28M | 33.32M | 47.21M | 4M |
Interest Coverage | - | 0.25x | 1.04x | 1.97x | 2.00x | 1.34x | 0.64x | 1.15x | - |
Non-Operating Income | 0 | 2.08M | -4.95M | 1.21M | -4.13M | -2.87M | 15.84M | 867K | 617K |
Pretax Income | -20.3M▲ 0% | -8.07M▲ 60.2% | 212K▲ 102.6% | 3.21M▲ 1413.7% | 8.6M▲ 168.0% | 6.84M▼ 20.5% | -11.95M▼ 274.7% | 6.99M▲ 158.5% | 11M▲ 0% |
Pretax Margin % | -82.26% | -39.63% | 0.64% | 5.5% | 9.3% | 5.56% | -7.97% | 3.85% | 5.71% |
Income Tax | 0 | 0 | 0 | 59K | 396K | -49K | 49K | 54K | 52K |
Effective Tax Rate % | 0% | 0% | 0% | 1.84% | 4.6% | -0.72% | -0.41% | 0.77% | 0.47% |
Net Income | -20.3M▲ 0% | -8.07M▲ 60.2% | 730K▲ 109.0% | 3.05M▲ 317.3% | 8.12M▲ 166.5% | 6.84M▼ 15.8% | -11.94M▼ 274.6% | 6.9M▲ 157.8% | 10.9M▲ 0% |
Net Margin % | -82.26% | -39.63% | 2.2% | 5.22% | 8.77% | 5.55% | -7.96% | 3.8% | 5.66% |
Net Income Growth % | - | 60.23% | 109.04% | 317.26% | 166.48% | -15.77% | -274.59% | 157.81% | 196.51% |
Funds From Operations (FFO) | -7.42M▲ 0% | 2.35M▲ 131.7% | 16.19M▲ 588.9% | 33.85M▲ 109.1% | 58.19M▲ 71.9% | 70.51M▲ 21.2% | 64.93M▼ 7.9% | 93.28M▲ 43.6% | 100.81M▲ 0% |
FFO Margin % | -30.06% | 11.54% | 48.73% | 58.01% | 62.91% | 57.27% | 43.29% | 51.43% | 52.32% |
FFO Growth % | - | 131.68% | 588.89% | 109.11% | 71.9% | 21.17% | -7.91% | 43.65% | 190.79% |
FFO per Share | -0.31 | 0.10 | 0.77 | 0.88 | 1.15 | 1.09 | 0.85 | 1.11 | 1.02 |
FFO Payout Ratio % | -134.91% | 239.32% | 54.62% | 89.29% | 68.66% | 73.49% | 98.29% | 75.68% | 74.14% |
EPS (Diluted) | -0.84▲ 0% | -0.84▲ 0.0% | 0.01▲ 101.0% | 0.08▲ 900.0% | 0.16▲ 100.0% | 0.11▼ 31.3% | -0.16▼ 245.5% | 0.08▲ 151.3% | 0.11▲ 0% |
EPS Growth % | - | 0% | 100.95% | - | 100% | -31.25% | -245.45% | 151.25% | 181.94% |
EPS (Basic) | -0.84 | -0.84 | 0.04 | 0.08 | 0.16 | 0.11 | -0.16 | 0.08 | - |
Diluted Shares Outstanding | 24.3M | 24.3M | 21.16M | 38.67M | 50.43M | 64.67M | 76.52M | 84.2M | 99.11M |
NTST Balance Sheet
NETSTREIT Corp. (NTST) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Total Assets | 333.08M | 433.92M | 725.82M | 1.07B | 1.61B | 1.95B | 2.26B | 2.61B | 2.81B |
Asset Growth % | - | 30.27% | 67.27% | 47.21% | 50.28% | 21.21% | 16.09% | 15.71% | 61.78% |
Real Estate & Other Assets | 237.96M | 225.49M | 539.42M | 920.34M | 1.29B | 1.56B | 1.86B | 2.2B | 0 |
PP&E (Net) | 237.8M | 0 | 38K | 6.24M | 6.2M | 5.59M | 4.91M | 4.27M | 2.36B |
Investment Securities | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K |
Total Current Assets | 62.34M | 179.59M | 111.33M | 17.09M | 157.23M | 217.9M | 229.66M | 237.9M | 68.75M |
Cash & Equivalents | 1.24M | 169.32M | 92.64M | 7.6M | 65.84M | 29.93M | 14.32M | 14.47M | 11.06M |
Receivables | 1000K | 640K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Current Assets | 58.97M | 8.53M | 15.44M | 2.95M | 28.09M | 52.9M | 49.15M | 47.77M | -72.63M |
Intangible Assets | 32.78M | 28.85M | 75.02M | 124.77M | 151.01M | 161.35M | 164.39M | 173.44M | 181.63M |
Total Liabilities | 250.34M | 181.49M | 197.74M | 278.63M | 547.27M | 672.8M | 921.21M | 1.16B | 1.3B |
Total Debt | 246.85M | 178.59M | 191.03M | 267.09M | 529.79M | 640.25M | 894.28M | 1.12B | 1.24B |
Net Debt | 245.62M | 9.27M | 98.39M | 259.49M | 463.94M | 610.32M | 879.96M | 1.11B | 1.23B |
Long-Term Debt | 243.19M | 173.91M | 174.1M | 174.33M | 381.19M | 529.79M | 630.46M | 1.1B | 1.15B |
Short-Term Borrowings | 0 | 0 | 0 | 64M | 113M | 80M | 239M | 0 | 88M |
Capital Lease Obligations | 3.67M | 4.67M | 16.93M | 28.76M | 35.59M | 30.46M | 24.82M | 21.07M | 65.57M |
Total Current Liabilities | 2.64M | 2.4M | 4.9M | 72.95M | 127.02M | 107.82M | 262.8M | 33.71M | 131.03M |
Accounts Payable | 223K | 1.17M | 916K | 419K | 1.39M | 4.69M | 3.05M | 1.22M | 0 |
Deferred Revenue | -243.19M | 607K | 1.55M | 1.92M | 4.69M | 7.15M | 10.39M | 15.73M | 0 |
Other Liabilities | -2.82M | 506K | 1.81M | 2.59M | 3.46M | 4.73M | 3.13M | 5.71M | 16.29M |
Total Equity | 327.65M▲ 0% | 252.43M▼ 23.0% | 528.07M▲ 109.2% | 789.82M▲ 49.6% | 1.06B▲ 34.0% | 1.27B▲ 20.3% | 1.34B▲ 5.1% | 1.45B▲ 8.6% | 1.51B▲ 0% |
Equity Growth % | - | -22.96% | 109.19% | 49.57% | 34.01% | 20.31% | 5.08% | 8.55% | 20.98% |
Shareholders Equity | 82.75M | 164.53M | 494.1M | 779.17M | 1.05B | 1.26B | 1.33B | 1.45B | 1.51B |
Minority Interest | 244.9M | 87.9M | 33.98M | 10.64M | 9.59M | 8.53M | 7.16M | 6.55M | 6.33M |
Common Stock | 82.75M | 89K | 282K | 442K | 580K | 732K | 816K | 931K | 973K |
Additional Paid-in Capital | 0 | 164.42M | 501.05M | 809.72M | 1.09B | 1.37B | 1.51B | 1.7B | 1.77B |
Retained Earnings | 0 | 28K | -7.46M | -35.12M | -66.94M | -112.28M | -188.05M | -251.93M | -267.74M |
Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Return on Assets (ROA) | -6.09% | -2.1% | 0.13% | 0.34% | 0.61% | 0.39% | -0.57% | 0.28% | 0.43% |
Return on Equity (ROE) | -6.19% | -2.78% | 0.19% | 0.46% | 0.88% | 0.59% | -0.91% | 0.49% | 0.78% |
Debt / Assets | 74.11% | 41.16% | 26.32% | 25% | 32.99% | 32.9% | 39.58% | 42.93% | 44.1% |
Debt / Equity | 0.75x | 0.71x | 0.36x | 0.34x | 0.50x | 0.50x | 0.67x | 0.77x | 0.82x |
Net Debt / EBITDA | 13.42x | 0.61x | 4.82x | 6.74x | 7.34x | 6.94x | 7.71x | 7.83x | 8.11x |
Book Value per Share | 13.48 | 10.39 | 24.96 | 20.42 | 20.99 | 19.69 | 17.49 | 17.25 | 15.25 |
NTST Cash Flow Statement
NETSTREIT Corp. (NTST) cash flow — operating, investing & free cash flow history
| Metric | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 8.9M | 5.99M | 12.75M | 31.48M | 50.65M | 80.16M | 90.16M | 109.51M | 113.73M |
Operating CF Growth % | - | -32.72% | 112.87% | 146.91% | 60.9% | 58.26% | 12.49% | 21.46% | 54.04% |
Operating CF / Revenue % | 36.08% | 29.4% | 38.37% | 53.94% | 54.75% | 65.1% | 60.11% | 60.38% | 59.03% |
Net Income | -20.3M | -8.07M | 212K | 3.15M | 8.21M | 6.89M | -12M | 6.94M | 10.9M |
Depreciation & Amortization | 12.88M | 10.42M | 15.46M | 30.81M | 50.08M | 63.68M | 76.87M | 86.38M | 89.92M |
Stock-Based Compensation | 0 | 0 | 2.45M | 3.7M | 4.76M | 4.82M | 5.66M | 5.9M | 6.2M |
Other Non-Cash Items | 15.67M | 4.15M | -5.34M | -6.96M | -7.41M | 2.31M | 21.78M | 9.91M | 10.86M |
Working Capital Changes | 648K | -513K | -30K | 676K | -4.98M | 2.46M | -2.15M | 392K | -4.2M |
Cash from Investing | -22.05M | 75.93M | -362.13M | -430.13M | -468.36M | -451.95M | -432.88M | -448.84M | -612.23M |
Acquisitions (Net) | 0 | -166.73M | 0 | 410.21M | 0 | 0 | 0 | 0 | 0 |
Purchase of Investments | 0 | 259.75M | 0 | -441.33M | 0 | 0 | 0 | 0 | -5.09M |
Sale of Investments | 9.55M | 77.62M | 0 | 31.12M | 0 | 0 | 0 | 0 | 26.91M |
Other Investing | -22.05M | -91.91M | -362.08M | -429.4M | -467.15M | -451.92M | -432.87M | -448.79M | -394.6M |
Cash from Financing | 10.44M | -82.32M | 272.71M | 313.61M | 480.65M | 331.18M | 327.1M | 339.48M | 495.35M |
Dividends Paid | -10.01M | -5.62M | -8.84M | -30.23M | -39.95M | -51.82M | -63.83M | -70.59M | -75.24M |
Common Dividends | -10.01M | -5.62M | -8.84M | -30.23M | -39.95M | -51.82M | -63.83M | -70.59M | -74.74M |
Debt Issuance (Net) | 1000K | -1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 2.96M |
Share Repurchases | 0 | -164.73M | -275K | -504K | 0 | -688K | 0 | 0 | -2.04M |
Other Financing | 12.77M | 338K | -139K | -3.31M | -6.06M | -5.24M | -3.39M | -14.11M | -6.85M |
Net Change in Cash | -2.71M▲ 0% | -394K▲ 85.5% | -76.68M▼ 19360.9% | -85.04M▼ 10.9% | 62.94M▲ 174.0% | -40.61M▼ 164.5% | -15.61M▲ 61.6% | 147K▲ 100.9% | -3.15M▲ 0% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 4.66M | 1.95M | 169.32M | 92.64M | 7.6M | 70.54M | 29.93M | 14.32M | 14.47M |
Cash at End | 1.95M | 1.56M | 92.64M | 7.6M | 70.54M | 29.93M | 14.32M | 14.47M | 11.06M |
Free Cash Flow | -22.7M▲ 0% | 3.19M▲ 114.1% | 12.7M▲ 297.4% | 30.75M▲ 142.1% | 49.44M▲ 60.8% | 80.12M▲ 62.1% | 90.16M▲ 12.5% | 109.46M▲ 21.4% | -125.72M▲ 0% |
FCF Growth % | - | 114.07% | 297.43% | 142.13% | 60.8% | 62.06% | 12.53% | 21.41% | -224.98% |
FCF / Revenue % | -92.01% | 15.69% | 38.22% | 52.69% | 53.45% | 65.08% | 60.1% | 60.35% | -65.25% |
NTST Key Ratios
NETSTREIT Corp. (NTST) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
FFO per Share | 0.1 | 0.77 | 0.88 | 1.15 | 1.09 | 0.85 | 1.11 | 1.02 |
FFO Payout Ratio | 239.32% | 54.62% | 89.29% | 68.66% | 73.49% | 98.29% | 75.68% | 74.14% |
NOI Margin | 91.77% | 93.78% | 91.4% | 88.9% | 87.81% | 89.2% | 89.96% | 90.19% |
Net Debt / EBITDA | 0.61x | 4.82x | 6.74x | 7.34x | 6.94x | 7.71x | 7.83x | 8.11x |
Debt / Assets | 41.16% | 26.32% | 25% | 32.99% | 32.9% | 39.58% | 42.93% | 44.1% |
Interest Coverage | 0.25x | 1.04x | 1.97x | 2.00x | 1.34x | 0.64x | 1.15x | - |
Book Value / Share | 10.39 | 24.96 | 20.42 | 20.99 | 19.69 | 17.49 | 17.25 | 15.25 |
Revenue Growth | -17.45% | 63.11% | 75.65% | 58.52% | 33.09% | 21.84% | 20.91% | 22.2% |
Related:NTST Dividend History·NTST Revenue History·NTST Price History·NTST P/E History·NTST Financial Ratios·NTST Institutional Holders
NTST SEC Filings & Documents
NETSTREIT Corp. (NTST) SEC filings — annual & quarterly reports (10-K, 10-Q)
NTST Frequently Asked Questions
NETSTREIT Corp. (NTST) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
NETSTREIT Corp. (NTST) reported $192.7M in revenue for fiscal year 2025. This represents a 681% increase from $24.7M in 2018.
NETSTREIT Corp. (NTST) grew revenue by 20.9% over the past year. This is strong growth.
Yes, NETSTREIT Corp. (NTST) is profitable, generating $10.9M in net income for fiscal year 2025 (3.8% net margin).
Dividend & Returns
Yes, NETSTREIT Corp. (NTST) pays a dividend with a yield of 4.37%. This makes it attractive for income-focused investors.
NETSTREIT Corp. (NTST) has a return on equity (ROE) of 0.5%. This is below average, suggesting room for improvement.
Industry Metrics
NETSTREIT Corp. (NTST) generated Funds From Operations (FFO) of $100.8M in the trailing twelve months. FFO is the primary profitability metric for REITs.
NETSTREIT Corp. (NTST) offers a 4.37% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.