NETSTREIT
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
Rewards
Risk Analysis
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
| NTST | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.3% | -0.7% | 0.2% |
| 30 Day | 5.7% | 4.9% | 1.5% |
| 90 Day | 18.9% | 11.4% | 3.3% |
| 1 Year | n/a | 36.3%30.8% | 52.4%49.9% |
| 3 Year | n/a | 42.6%25.4% | 63.7%53.4% |
| 5 Year | n/a | 52.4%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
4 months ago | Simply Wall St
Analysts Expect NETSTREIT Corp. (NYSE:NTST) To Breakeven Soon5 months ago | Simply Wall St
How Much Of NetSTREIT Corp. (NYSE:NTST) Do Institutions Own?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
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/08 22:49 |
| End of Day Share Price | 2021/05/07 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.