The company maintains a balanced capital structure with a debt-to-equity ratio of 0.82, though the $1.2 billion debt load necessitates ongoing access to capital markets.
| Total Assets | 2.81B | 2.61B | 2.26B | 1.95B | 1.61B | 1.07B | 725.82M | 433.92M | 333.08M |
| Asset Growth % | 61.78% | 15.71% | 16.09% | 21.21% | 50.28% | 47.21% | 67.27% | 30.27% | - |
| Real Estate & Other Assets | 0 | 2.2B | 1.86B | 1.56B | 1.29B | 920.34M | 539.42M | 225.49M | 237.96M |
| PP&E (Net) | 2.36B | 4.27M | 4.91M | 5.59M | 6.2M | 6.24M | 38K | 0 | 237.8M |
| Investment Securities | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K |
| Total Current Assets | 68.75M | 237.9M | 229.66M | 217.9M | 157.23M | 17.09M | 111.33M | 179.59M | 62.34M |
| Cash & Equivalents | 11.06M | 14.47M | 14.32M | 29.93M | 65.84M | 7.6M | 92.64M | 169.32M | 1.24M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 640K | 1000K |
| Other Current Assets | -72.63M | 47.77M | 49.15M | 52.9M | 28.09M | 2.95M | 15.44M | 8.53M | 58.97M |
| Intangible Assets | 181.63M | 173.44M | 164.39M | 161.35M | 151.01M | 124.77M | 75.02M | 28.85M | 32.78M |
| Total Liabilities | 1.3B | 1.16B | 921.21M | 672.8M | 547.27M | 278.63M | 197.74M | 181.49M | 250.34M |
| Total Debt | 1.24B | 1.12B | 894.28M | 640.25M | 529.79M | 267.09M | 191.03M | 178.59M | 246.85M |
| Net Debt | 1.23B | 1.11B | 879.96M | 610.32M | 463.94M | 259.49M | 98.39M | 9.27M | 245.62M |
| Long-Term Debt | 1.15B | 1.1B | 630.46M | 529.79M | 381.19M | 174.33M | 174.1M | 173.91M | 243.19M |
| Short-Term Borrowings | 88M | 0 | 239M | 80M | 113M | 64M | 0 | 0 | 0 |
| Capital Lease Obligations | 65.57M | 21.07M | 24.82M | 30.46M | 35.59M | 28.76M | 16.93M | 4.67M | 3.67M |
| Total Current Liabilities | 131.03M | 33.71M | 262.8M | 107.82M | 127.02M | 72.95M | 4.9M | 2.4M | 2.64M |
| Accounts Payable | 0 | 1.22M | 3.05M | 4.69M | 1.39M | 419K | 916K | 1.17M | 223K |
| Deferred Revenue | 0 | 15.73M | 10.39M | 7.15M | 4.69M | 1.92M | 1.55M | 607K | -243.19M |
| Other Liabilities | 16.29M | 5.71M | 3.13M | 4.73M | 3.46M | 2.59M | 1.81M | 506K | -2.82M |
| Total Equity | 1.51B | 1.45B | 1.34B | 1.27B | 1.06B | 789.82M | 528.07M | 252.43M | 327.65M |
| Equity Growth % | 20.98% | 8.55% | 5.08% | 20.31% | 34.01% | 49.57% | 109.19% | -22.96% | - |
| Shareholders Equity | 1.51B | 1.45B | 1.33B | 1.26B | 1.05B | 779.17M | 494.1M | 164.53M | 82.75M |
| Minority Interest | 6.33M | 6.55M | 7.16M | 8.53M | 9.59M | 10.64M | 33.98M | 87.9M | 244.9M |
| Common Stock | 973K | 931K | 816K | 732K | 580K | 442K | 282K | 89K | 82.75M |
| Additional Paid-in Capital | 1.77B | 1.7B | 1.51B | 1.37B | 1.09B | 809.72M | 501.05M | 164.42M | 0 |
| Retained Earnings | -267.74M | -251.93M | -188.05M | -112.28M | -66.94M | -35.12M | -7.46M | 28K | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 0.43% | 0.28% | -0.57% | 0.39% | 0.61% | 0.34% | 0.13% | -2.1% | -6.09% |
| Return on Equity (ROE) | 0.78% | 0.49% | -0.91% | 0.59% | 0.88% | 0.46% | 0.19% | -2.78% | -6.19% |
| Debt / Assets | 44.1% | 42.93% | 39.58% | 32.9% | 32.99% | 25% | 26.32% | 41.16% | 74.11% |
| Debt / Equity | 0.82x | 0.77x | 0.67x | 0.50x | 0.50x | 0.34x | 0.36x | 0.71x | 0.75x |
| Net Debt / EBITDA | 8.11x | 7.83x | 7.71x | 6.94x | 7.34x | 6.74x | 4.82x | 0.61x | 13.42x |
| Book Value per Share | 15.25 | 17.25 | 17.49 | 19.69 | 20.99 | 20.42 | 24.96 | 10.39 | 13.48 |
Aggressive equity-funded acquisition pace
As reported in the 2026Q1 balance sheet, total assets have climbed to $2.8 billion, reflecting a consistent upward trajectory driven by aggressive property acquisitions that have effectively doubled the company's asset footprint since 2023Q4, signaling a clear commitment to rapid scale-driven growth.
The expansion of the asset base appears to be outpacing the growth of liabilities, which suggests that management is successfully leveraging equity to fund its portfolio build-out. Investors should monitor whether this rapid asset accumulation can maintain the same level of property quality as the company moves into larger, more competitive deal environments.
Based on the latest quarterly filings, total debt has risen to $1.2 billion in 2026Q1, while the debt-to-equity ratio remains relatively contained at 0.82, suggesting that the company is utilizing a balanced capital structure to support its ongoing acquisition-led growth strategy.
The steady increase in debt levels appears proportional to the growth in total assets, which may indicate disciplined financing practices. However, the reliance on debt to fuel expansion warrants close observation, particularly if interest rate volatility begins to compress the spread between acquisition cap rates and the cost of capital.
According to the provided financial data, cash on hand was reported at $11.1 million in 2026Q1, a figure that appears lean relative to the company's $2.8 billion asset base and suggests a high reliance on external capital markets to fund future development or acquisition pipelines.
The low cash balance may imply that the company operates with minimal idle capital, preferring to deploy funds immediately into income-producing assets. While this maximizes capital efficiency, it may also leave the company with limited internal liquidity to navigate unexpected market disruptions or sudden shifts in the cost of debt.
As indicated by the growth in total equity to $1.5 billion in 2026Q1, the company has consistently utilized equity issuance to maintain a healthy balance sheet, a strategy that appears to be the primary engine for funding its rapid retail property acquisition pace.
The reliance on equity financing suggests that management is prioritizing a conservative leverage profile over the potential for higher per-share returns through increased debt. Investors should monitor whether this persistent issuance of equity continues to be accretive to FFO per share as the portfolio reaches a more mature scale.
Quick answers to the most common questions about buying NTST stock.
As of 2025, NETSTREIT Corp. (NTST) had total assets of $2.61B including $237.9M in current assets.
NETSTREIT Corp. (NTST) carries total debt of $1.12B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
NETSTREIT Corp. (NTST) has total shareholders' equity (book value) of $1.45B ($17.25 book value per share). Book value represents the net worth of the company belonging to common stock holders.
NETSTREIT Corp. (NTST) reported a current ratio of 7.06x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.