NYSE:NTST

Stock Analysis Report

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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 with adequate balance sheet and pays a dividend.

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

-4.4%

NTST

-1.1%

US REITs

-4.6%

US Market


1 Year Return

n/a

NTST

-0.4%

US REITs

38.5%

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 Day-4.4%-1.1%-4.6%
30 Day2.7%2.5%0.6%
90 Day-8.3%3.5%1.9%
1 Yearn/a4.3%-0.4%41.5%38.5%
3 Yearn/a35.2%18.6%56.7%46.7%
5 Yearn/a44.4%15.1%123.5%98.6%

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 ($17.57) is trading below our estimate of fair value ($123.17)

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


Price To Earnings Ratio

PE vs Industry: NTST is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.

PE vs Market: NTST is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NTST's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NTST is good value based on its PB Ratio (1x) compared to the US REITs industry average (1.6x).


Next Steps

Future Growth

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

80.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NTST is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: NTST is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NTST's is expected to become profitable in the next 3 years.

Revenue vs Market: NTST's revenue (32.5% per year) is forecast to grow faster than the US market (10.4% per year).

High Growth Revenue: NTST's revenue (32.5% 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


Next Steps

Past Performance

How has NETSTREIT performed over the past 5 years?

36.6%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: NTST is currently unprofitable.

Growing Profit Margin: NTST is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if NTST's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare NTST's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NTST is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-6.1%).


Return on Equity

High ROE: NTST has a negative Return on Equity (-1.47%), as it is currently unprofitable.


Next Steps

Financial Health

How is NETSTREIT's financial position?


Financial Position Analysis

Short Term Liabilities: NTST's short term assets ($173.4M) exceed its short term liabilities ($4.4M).

Long Term Liabilities: NTST's short term assets ($173.4M) do not cover its long term liabilities ($192.2M).


Debt to Equity History and Analysis

Debt Level: NTST's debt to equity ratio (32.9%) is considered satisfactory.

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


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable NTST has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: NTST is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 32.1% per year.


Next Steps

Dividend

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

4.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NTST's dividend (4.55%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: NTST's dividend (4.55%) is in the top 25% of dividend payers in the US market (3.76%)


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: With its reasonably low payout ratio (39.4%), NTST's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NTST's dividends in 3 years are forecast to be covered by earnings (68.8% payout ratio).


Next Steps

Management

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

1.0yrs

Average management tenure


CEO

Mark Manheimer (44 yo)

1.17yrs

Tenure

US$3,192,509

Compensation

Mr. Mark L. Manheimer serves as President and Chief Executive Officer at of Netstreit Corporation since December 2019 and also serves as its Director. He served as Treasurer & Secretary of Netstreit Corpor...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD3.19M) is above average for companies of similar size in the US market ($USD1.50M).

Compensation vs Earnings: Insufficient data to compare Mark's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Mark Manheimer
President1.17yrsUS$3.19m0.096%
$ 549.9k
Andrew Blocher
CFO, Treasurer & Secretary1.08yrsno data0.044%
$ 251.4k
Shelley Howard
Director of Human Resources & Operationsno datano datano data
Trish Patricia McBratney
Senior VP & Chief Accounting Officer0.75yrno datano data
Amy An
Senior Associate of Investor Relationsno datano datano data
Jeff Fuge
Senior Vice President of Acquisitions1.17yrsno datano data
Randy Haugh
Senior Vice President of Finance1yrno datano data
Kirk Klatt
Senior Vice President of Real Estateno datano datano data
Chad Shafer
Senior Vice President of Credit & Underwriting0.75yrno datano data

1.0yrs

Average Tenure

44yo

Average Age

Experienced Management: NTST's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Mark Manheimer
President1.17yrsUS$3.19m0.096%
$ 549.9k
Michael Christodolou
Independent Director0.50yrno data0.027%
$ 154.2k
Matthew Troxell
Lead Independent Directorno dataUS$75.00k0.058%
$ 334.5k
Todd Minnis
Chairman of the Boardno dataUS$100.00k0.0060%
$ 34.7k
Lori Wittman
Independent Directorno dataUS$75.00k0.018%
$ 103.1k
Robin Zeigler
Independent Director0.58yrno datano data
Heidi Everett
Independent Director0.50yrno datano data

0.5yrs

Average Tenure

50yo

Average Age

Experienced Board: NTST's board of directors are not considered experienced ( 0.5 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$575.252m
  • Market Cap: US$491.594m
  • Shares outstanding: 32.17m
  • Website: https://www.netstreit.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NTSTNYSE (New York Stock Exchange)YesCommon StockUSUSDAug 2020

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 Analysis2021/02/27 00:50
End of Day Share Price2021/02/26 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.