NETSTREIT Past Earnings Performance
Past criteria checks 1/6
NETSTREIT has been growing earnings at an average annual rate of 45%, while the Retail REITs industry saw earnings growing at 16.2% annually. Revenues have been growing at an average rate of 38.9% per year. NETSTREIT's return on equity is 0.5%, and it has net margins of 4.6%.
Key information
45.0%
Earnings growth rate
18.3%
EPS growth rate
| Retail REITs Industry Growth | 8.1% |
| Revenue growth rate | 38.9% |
| Return on equity | 0.5% |
| Net Margin | 4.6% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How NETSTREIT makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 140 | 6 | 21 | 0 |
| 31 Dec 23 | 131 | 7 | 20 | 0 |
| 30 Sep 23 | 122 | 8 | 20 | 0 |
| 30 Jun 23 | 113 | 5 | 19 | 0 |
| 31 Mar 23 | 104 | 8 | 19 | 0 |
| 31 Dec 22 | 96 | 8 | 18 | 0 |
| 30 Sep 22 | 87 | 7 | 18 | 0 |
| 30 Jun 22 | 77 | 9 | 17 | 0 |
| 31 Mar 22 | 69 | 4 | 16 | 0 |
| 31 Dec 21 | 59 | 3 | 15 | 0 |
| 30 Sep 21 | 53 | 5 | 14 | 0 |
| 30 Jun 21 | 47 | 0 | 15 | 0 |
| 31 Mar 21 | 40 | 3 | 13 | 0 |
| 31 Dec 20 | 34 | 1 | 11 | 0 |
| 30 Sep 20 | 26 | 1 | 9 | 0 |
| 30 Jun 20 | 22 | 0 | 5 | 0 |
| 31 Mar 20 | 20 | 2 | 4 | 0 |
| 31 Dec 19 | 20 | 0 | 4 | 0 |
| 31 Dec 18 | 24 | -20 | 4 | 0 |
Quality Earnings: 64N has a large one-off loss of $8.2M impacting its last 12 months of financial results to 31st March, 2024.
Growing Profit Margin: 64N's current net profit margins (4.6%) are lower than last year (7.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 64N has become profitable over the past 5 years, growing earnings by 45% per year.
Accelerating Growth: 64N's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 64N had negative earnings growth (-16.2%) over the past year, making it difficult to compare to the Retail REITs industry average (-21.5%).
Return on Equity
High ROE: 64N's Return on Equity (0.5%) is considered low.