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NTST

NETSTREIT NYSE:NTST Stock Report

Last Price

US$20.77

Market Cap

US$1.0b

7D

-2.0%

1Y

-6.8%

Updated

24 May, 2022

Data

Company Financials +
NTST fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance3/6
Financial Health2/6
Dividends2/6

NTST Stock Overview

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.

NETSTREIT Competitors

Price History & Performance

Summary of all time highs, changes and price drops for NETSTREIT
Historical stock prices
Current Share PriceUS$20.77
52 Week HighUS$26.93
52 Week LowUS$19.56
Beta0
1 Month Change-10.13%
3 Month Change-1.52%
1 Year Change-6.82%
3 Year Changen/a
5 Year Changen/a
Change since IPO17.01%

Recent News & Updates

Apr 09

Netstreit: A Compelling Buy For Long Term Investors

Netstreit continues to grow and improve their real estate portfolio and has reduced risk by lowering their tenant concentration. The valuation is attractive compared to the growth prospects, with a price/FFO just over 24x. The dividend yield is 3.5%, and I think investors are likely to see a dividend raise in the second half of 2022.

Shareholder Returns

NTSTUS REITsUS Market
7D-2.0%-0.7%-4.0%
1Y-6.8%-1.3%-13.2%

Return vs Industry: NTST underperformed the US REITs industry which returned -2.1% over the past year.

Return vs Market: NTST exceeded the US Market which returned -12.3% over the past year.

Price Volatility

Is NTST's price volatile compared to industry and market?
NTST volatility
NTST Average Weekly Movement3.8%
REITs Industry Average Movement4.4%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

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.

About the Company

FoundedEmployeesCEOWebsite
n/a19Mark Manheimerhttps://www.netstreit.com

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 consists of high-quality properties leased to e-commerce resistant tenants with healthy balance sheets. Led by a management team of seasoned commercial real estate executives, NETSTREIT’s strategy is to create the highest quality net lease retail portfolio in the country with the goal of generating consistent cash flows and dividends for its investors.

NETSTREIT Fundamentals Summary

How do NETSTREIT's earnings and revenue compare to its market cap?
NTST fundamental statistics
Market CapUS$1.01b
Earnings (TTM)US$4.29m
Revenue (TTM)US$68.54m

232.2x

P/E Ratio

14.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NTST income statement (TTM)
RevenueUS$68.54m
Cost of RevenueUS$8.50m
Gross ProfitUS$60.04m
Other ExpensesUS$55.75m
EarningsUS$4.29m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.089
Gross Margin87.60%
Net Profit Margin6.25%
Debt/Equity Ratio34.0%

How did NTST perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

83%

Payout Ratio

Does NTST pay a reliable dividends?

See NTST dividend history and benchmarks
When do you need to buy NTST by to receive an upcoming dividend?
NETSTREIT dividend dates
Ex Dividend DateMay 31 2022
Dividend Pay DateJun 15 2022
Days until Ex dividend5 days
Days until Dividend pay date20 days

Does NTST pay a reliable dividends?

See NTST dividend history and benchmarks

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: NTST ($20.77) is trading below our estimate of fair value ($121.64)

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 Price-To-Earnings Ratio (232.2x) compared to the US REITs industry average (32.4x).

PE vs Market: NTST is poor value based on its Price-To-Earnings Ratio (232.2x) compared to the US market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: NTST is poor value based on its PEG Ratio (8.1x)


Price to Book Ratio

PB vs Industry: NTST is good value based on its Price-To-Book Ratio (1.2x) compared to the US REITs industry average (1.6x).


Future Growth

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

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


28.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NTST's forecast earnings growth (28.6% per year) is above the savings rate (1.9%).

Earnings vs Market: NTST's earnings (28.6% per year) are forecast to grow faster than the US market (12.3% per year).

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

Revenue vs Market: NTST's revenue (27.8% per year) is forecast to grow faster than the US market (7.8% per year).

High Growth Revenue: NTST's revenue (27.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NTST's Return on Equity is forecast to be low in 3 years time (2.2%).


Past Performance

How has NETSTREIT performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


154.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NTST has high quality earnings.

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


Past Earnings Growth Analysis

Earnings Trend: NTST has become profitable over the past 5 years, growing earnings by 154.2% per year.

Accelerating Growth: NTST's earnings growth over the past year (70.1%) is below its 5-year average (154.2% per year).

Earnings vs Industry: NTST earnings growth over the past year (70.1%) exceeded the REITs industry 69.5%.


Return on Equity

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


Financial Health

How is NETSTREIT's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NTST's short term assets ($34.3M) exceed its short term liabilities ($9.4M).

Long Term Liabilities: NTST's short term assets ($34.3M) do not cover its long term liabilities ($325.3M).


Debt to Equity History and Analysis

Debt Level: NTST's net debt to equity ratio (32.3%) 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 (12.3%).

Interest Coverage: NTST's interest payments on its debt are not well covered by EBIT (2.1x coverage).


Balance Sheet


Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.85%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 25 2022Ex Dividend DateMay 31 2022Dividend Pay DateJun 15 202215 days from Ex DividendBuy in the next 5 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: NTST's dividend (3.85%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: NTST's dividend (3.85%) is low compared to the top 25% of dividend payers in the US market (4.05%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, NTST has been paying a dividend for less than 10 years.

Growing Dividend: NTST has only been paying a dividend for 2 years, and since then payments have not increased.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (83.4%), NTST's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (111.3%), NTST's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

2.3yrs

Average management tenure


CEO

Mark Manheimer (45 yo)

2.58yrs

Tenure

US$3,879,550

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 ($USD3.88M) is about average for companies of similar size in the US market ($USD3.85M).

Compensation vs Earnings: Mark's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: NTST's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: NTST's board of directors are not considered experienced ( 2.4 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: NTST insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.5%.


Top Shareholders

Company Information

NETSTREIT Corp.'s 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$1.006b
  • Market Cap: US$995.340m
  • Shares outstanding: 48.46m
  • Website: https://www.netstreit.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/24 00:00
End of Day Share Price2022/05/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.