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Market Cap

US$870.8m

Last Updated

2021/05/08 22:49 UTC

Data Sources

Company Financials +

Executive Summary

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. More Details


Snowflake Analysis

High growth potential average dividend payer.

Share Price & News

How has NETSTREIT's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NTST is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: NTST's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

2.3%

NTST

-0.7%

US REITs

0.2%

US Market


1 Year Return

n/a

NTST

30.8%

US REITs

49.9%

US Market

Return vs Industry: Insufficient data to determine how NTST performed against the US REITs industry.

Return vs Market: Insufficient data to determine how NTST performed against the US Market.


Shareholder returns

NTSTIndustryMarket
7 Day2.3%-0.7%0.2%
30 Day5.7%4.9%1.5%
90 Day18.9%11.4%3.3%
1 Yearn/a36.3%30.8%52.4%49.9%
3 Yearn/a42.6%25.4%63.7%53.4%
5 Yearn/a52.4%21.8%130.6%104.9%

Long-Term Price Volatility Vs. Market

How volatile is NETSTREIT's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is NETSTREIT undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NTST ($21.3) is trading below our estimate of fair value ($100.26)

Significantly Below Fair Value: NTST is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NTST is poor value based on its PE Ratio (181.4x) compared to the US REITs industry average (46.8x).

PE vs Market: NTST is poor value based on its PE Ratio (181.4x) compared to the US market (20.2x).


Price to Earnings Growth Ratio

PEG Ratio: NTST is poor value based on its PEG Ratio (4.8x)


Price to Book Ratio

PB vs Industry: NTST is good value based on its PB Ratio (1.2x) compared to the US REITs industry average (1.8x).


Future Growth

How is NETSTREIT forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

38.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NTST's forecast earnings growth (38.1% per year) is above the savings rate (2%).

Earnings vs Market: NTST's earnings (38.1% per year) are forecast to grow faster than the US market (15.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NTST's revenue (33.2% per year) is forecast to grow faster than the US market (9.1% per year).

High Growth Revenue: NTST's revenue (33.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if NTST's Return on Equity is forecast to be high in 3 years time


Past Performance

How has NETSTREIT performed over the past 5 years?

27.7%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: NTST has a large one-off gain of $3.5M impacting its March 31 2021 financial results.

Growing Profit Margin: NTST's current net profit margins (6.3%) are lower than last year (9.8%).


Past Earnings Growth Analysis

Earnings Trend: NTST has become profitable over the past 5 years.

Accelerating Growth: Insufficient data to compare NTST's past year earnings growth to its 5-year average.

Earnings vs Industry: NTST earnings growth over the past year (27.7%) exceeded the REITs industry -10.5%.


Return on Equity

High ROE: NTST's Return on Equity (0.5%) is considered low.


Financial Health

How is NETSTREIT's financial position?


Financial Position Analysis

Short Term Liabilities: NTST's short term assets ($39.2M) exceed its short term liabilities ($3.9M).

Long Term Liabilities: NTST's short term assets ($39.2M) do not cover its long term liabilities ($207.8M).


Debt to Equity History and Analysis

Debt Level: NTST's debt to equity ratio (35.6%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if NTST's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: NTST's debt is not well covered by operating cash flow (8.6%).

Interest Coverage: NTST's interest payments on its debt are not well covered by EBIT (0.8x coverage).


Balance Sheet


Dividend

What is NETSTREIT current dividend yield, its reliability and sustainability?

3.76%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 10 2021Ex Dividend DateMay 28 2021Dividend Pay DateJun 15 202118 days from Ex DividendBuy in the next 18 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: NTST's dividend (3.76%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: NTST's dividend (3.76%) is in the top 25% of dividend payers in the US market (3.41%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether NTST's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if NTST's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (77.4%), NTST's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NTST's dividends in 3 years are forecast to be covered by earnings (67.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Mark Manheimer (44 yo)

1.58yrs

Tenure

US$1,798,890

Compensation

Mr. Mark L. Manheimer serves as President, Chief Executive Officer and Director at of Netstreit Corporation since October 2019. He serves as Head of Sale-Leaseback Acquisitions for Cole and Executive Vice ...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD1.80M) is about average for companies of similar size in the US market ($USD2.36M).

Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: NTST's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: NTST's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: NTST only recently listed within the past 12 months.


Top Shareholders

Company Information

NETSTREIT Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NETSTREIT Corp.
  • Ticker: NTST
  • Exchange: NYSE
  • Founded: NaN
  • Industry: Retail REITs
  • Sector: Real Estate
  • Implied Market Cap: US$870.773m
  • Market Cap: US$839.335m
  • Shares outstanding: 40.88m
  • Website: https://www.netstreit.com

Number of Employees


Location

  • NETSTREIT Corp.
  • 5910 North Central Expressway
  • Suite 1600
  • Dallas
  • Texas
  • 75206
  • United States

Listings


Biography

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 consi...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/08 22:49
End of Day Share Price2021/05/07 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.