NETSTREIT
Market Cap
US$575.3m
Last Updated
2021/02/27 00:50 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 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
| NTST | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.4% | -1.1% | -4.6% |
| 30 Day | 2.7% | 2.5% | 0.6% |
| 90 Day | -8.3% | 3.5% | 1.9% |
| 1 Year | n/a | 4.3%-0.4% | 41.5%38.5% |
| 3 Year | n/a | 35.2%18.6% | 56.7%46.7% |
| 5 Year | n/a | 44.4%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
1 month ago | Simply Wall St
Analysts Expect NETSTREIT Corp. (NYSE:NTST) To Breakeven Soon3 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 ($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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.17yrs | US$3.19m | 0.096% $ 549.9k | |
| CFO, Treasurer & Secretary | 1.08yrs | no data | 0.044% $ 251.4k | |
| Director of Human Resources & Operations | no data | no data | no data | |
| Senior VP & Chief Accounting Officer | 0.75yr | no data | no data | |
| Senior Associate of Investor Relations | no data | no data | no data | |
| Senior Vice President of Acquisitions | 1.17yrs | no data | no data | |
| Senior Vice President of Finance | 1yr | no data | no data | |
| Senior Vice President of Real Estate | no data | no data | no data | |
| Senior Vice President of Credit & Underwriting | 0.75yr | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.17yrs | US$3.19m | 0.096% $ 549.9k | |
| Independent Director | 0.50yr | no data | 0.027% $ 154.2k | |
| Lead Independent Director | no data | US$75.00k | 0.058% $ 334.5k | |
| Chairman of the Board | no data | US$100.00k | 0.0060% $ 34.7k | |
| Independent Director | no data | US$75.00k | 0.018% $ 103.1k | |
| Independent Director | 0.58yr | no data | no data | |
| Independent Director | 0.50yr | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NTST | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Aug 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/27 00:50 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.