NETSTREIT Corp.

NYSE:NTST Stock Report

Market Cap: US$2.0b

NETSTREIT Future Growth

Future criteria checks 4/6

NETSTREIT is forecast to grow earnings and revenue by 32.6% and 14% per annum respectively. EPS is expected to grow by 18% per annum. Return on equity is forecast to be 3% in 3 years.

Key information

23.8%

Earnings growth rate

17.60%

EPS growth rate

Retail REITs earnings growth-2.3%
Revenue growth rate12.1%
Future return on equity2.96%
Analyst coverage

Good

Last updated27 Apr 2026

Recent future growth updates

Recent updates

Narrative Update • May 07

NTST: Forward Equity Raises And Higher Dividend Will Guide Future Cash Flows

Analysts have raised the NETSTREIT price target to $22.41 from $21.97, citing updated expectations for revenue growth, profit margins and a higher future P/E, along with a series of recent target increases from other Wall Street firms. Analyst Commentary Recent research coverage around NETSTREIT has been active, with several firms adjusting price targets higher and revisiting ratings as new information on Q4 results, capital deployment and sector conditions comes through.
Seeking Alpha • Apr 22

Netstreit: Under-The-Radar Outperformance, Shares Fairly Valued (Rating Downgrade)

Summary Netstreit Corp. has been one of the best performing REITs over the past year. NTST shares have gained about 30% over this period. This includes a 20% rise YTD. The stock has returned 62% since my last Buy call in 2025. Today, I view shares as a Hold due to its rise to a more reasonable trading valuation from 11x AFFO in my last bullish update to 15x AFFO today. Read the full article on Seeking Alpha
Narrative Update • Apr 21

NTST: Forward Equity Raise And Dividend Increase Will Shape Future Cash Flows

Analysts have inched their average price target on NETSTREIT higher to about $22, reflecting a cluster of recent target increases across the Street that are tied to views on its updated growth outlook, portfolio repositioning and capital structure, as well as sector wide REIT model revisions. Analyst Commentary Recent research points to a generally constructive view on NETSTREIT, with most firms lifting price targets while fine tuning ratings and sector models.
Narrative Update • Apr 06

NTST: Forward Equity Raise And Stable Cap Rates Will Support Future Cash Flows

Analysts have nudged the fair value estimate for NETSTREIT higher, lifting the analyst price target by $0.22 to $21.75. This reflects updated views on revenue growth, profit margins and valuation across recent research reports.
Narrative Update • Mar 23

NTST: Forward Equity Funding And Cap Rate Stability Will Support Future Cash Flows

Narrative Update on NETSTREIT The updated analyst price target for NETSTREIT reflects a move from about $20.92 to roughly $21.53, with analysts pointing to refined assumptions on growth, profitability and valuation following a series of Street target increases in the $20 to $24 range. Analyst Commentary Recent research updates on NETSTREIT center on valuation, execution on investments, and how the company fits into a shifting view of net lease and broader REIT exposure.
Narrative Update • Mar 08

NTST: Forward Equity Funding And Acquisition Spreads Will Shape Future Cash Flow Profile

Analysts have nudged their price targets on NETSTREIT higher, with the updated fair value estimate moving from about $20.69 to $20.92 as they factor in recent Q4 results, portfolio diversification, elevated acquisition activity, and what they view as a supportive balance sheet and investment pipeline. Analyst Commentary Recent research on NETSTREIT centers on its Q4 execution, acquisition activity, and balance sheet, with several firms updating their fair value assumptions and price targets.
Narrative Update • Feb 22

NTST: Forward Equity Funding And Acquisition Spreads Will Shape Future Income Profile

Narrative Update on NETSTREIT Analysts lifted their blended price target on NETSTREIT to about $20.69, reflecting updated views on the company’s acquisition activity, investment spreads, and 2026 earnings potential. This has also led to individual target increases to $20, $21 and $22 across recent research.
Narrative Update • Feb 07

NTST: Refined Discount Rate Assumptions Will Support Measured Future Income Upside

Analysts have nudged their price target on NETSTREIT higher by about $0.06 to roughly $20.42, citing updated assumptions around discount rates, profit margins, and a slightly higher future P/E multiple in recent research. Analyst Commentary Bullish Takeaways Bullish analysts see the higher price target as lining up with updated assumptions on discount rates and profit margins, which they view as better reflecting NETSTREIT's current execution profile.
Narrative Update • Jan 24

NTST: High Tenant Credit Quality Will Support Future Income Upside Potential

Analysts have kept their fair value estimate for NETSTREIT roughly unchanged at about US$20.36. The latest price target adjustment primarily reflects slightly updated views on discount rates, revenue growth, profit margins, and future P/E assumptions.
Narrative Update • Jan 08

NTST: High Tenant Credit Quality Will Support Future Income Resilience

Narrative Update on NETSTREIT The analyst price target for NETSTREIT has been adjusted slightly lower from about US$20.42 to about US$20.36, as analysts weigh the company’s diversified U.S. commercial portfolio, perceived income resilience, and what they view as historically low tenant default rates. Analyst Commentary Recent research coverage highlights how NETSTREIT's tenant mix and lease profile feed directly into how some analysts think about risk, income visibility, and potential valuation upside.
Narrative Update • Dec 25

NTST: Tenant Credit Strength Will Drive Future Income Resilience

Analysts have modestly raised their price target on NETSTREIT to approximately $22, a slight increase that reflects growing confidence in the company’s resilient, diversified U.S. commercial portfolio and its historically low tenant default rates. Analyst Commentary Bullish analysts highlight that the initiation at a Buy rating and the $22 price target are grounded in NETSTREIT's ability to generate stable cash flows from a diversified tenant base across U.S. commercial properties.
Narrative Update • Dec 11

NTST: Diversified High-Quality Tenants Will Drive Future Income Resilience

Analysts have modestly raised their price target on NETSTREIT to $22.00, citing the company’s resilient, diversified U.S. commercial portfolio and historically low tenant default rates, which reinforce its outlook for high income stability. Analyst Commentary Bullish analysts highlight that NETSTREIT's diversified U.S. commercial portfolio underpins a more predictable cash flow profile, supporting the recently raised $22 price target and justifying a premium to peers with less tenant and sector diversity.
Narrative Update • Nov 26

NTST: Diversified Portfolio And Strong Tenants Will Support Income Resilience

Analysts have raised their price target for NETSTREIT slightly, moving it from $20.42 to $20.47. They cite the company's strong tenant diversification and income resilience as key support for the improved outlook.
Narrative Update • Nov 11

NTST: Diversified Tenant Portfolio Will Drive Stronger Cash Flow Stability

The average analyst price target for NETSTREIT has been revised slightly upward to $20.42. Analysts highlight the company's strong tenant creditworthiness, diversified portfolio, and improved external growth prospects as key factors.
Narrative Update • Oct 28

Diversified Tenants And Improved Resilience Will Drive Future Retail Stability

Analysts have raised their price target for NETSTREIT from $19.72 to $20.36 per share. They cite improving growth prospects, resilient tenant quality, and an attractive valuation supported by recent research updates.
Seeking Alpha • Jan 20

Netstreit: Undervalued, Underrated, And Ready To Perform

Summary NETSTREIT, a small REIT with a focus on high-quality, single-tenant properties, offers strong financial flexibility, robust balance sheet, and 100% occupancy and rent collection rates. Despite tenant concentration risks and rising interest rates, NETSTREIT's financial health and growth potential make it an attractive investment, trading at a significant discount. The company boasts a high dividend yield of 5.82% with a low payout ratio, indicating undervaluation and potential for future dividend growth. Using the Gordon Growth and Discounted AFFO models, I assign a "Buy" rating with a target price of $18.3, implying a 26% upside. Read the full article on Seeking Alpha
Seeking Alpha • Jan 08

Netstreit: High Quality Portfolio Trading Near New Lows

Summary NETSTREIT Corp. owns and operates single-tenant net lease retail properties across a wide U.S. footprint. The portfolio composition is weighted heavily toward necessity and discount-based retailers, two key defensive sectors. The REIT also has high exposure to tenants with investment-grade ratings or investment-grade profiles. Despite its quality portfolio, shares are trading near new 52-week lows. I maintain a bullish stance and believe shares are a “buy”. Read the full article on Seeking Alpha
Seeking Alpha • Nov 12

Netstreit: 2 Reasons Not To Buy This REIT As Real Estate Rebounds

Summary NETSTREIT's Q3 earnings showed growth in revenue and portfolio, but the REIT continues to underperform compared to top sector peers. Portfolio quality issues, particularly high exposure to dollar stores and drug stores, pose significant risks to NTST's credit quality and diversification goals. Despite strengths like no near-term debt maturities and high-rated tenants, NTST's concentrated portfolio makes it an unattractive acquisition target and limits valuation expansion. Read the full article on Seeking Alpha
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New Narrative • Sep 24

Critical Shifts And Operational Efficiency Fuel Optimism For Future Growth And Stability

NETSTREIT's strategy on selecting high-quality real estate through sale-leaseback transactions aims to stabilize and increase revenue with longer leases and attractive rent profiles.
Seeking Alpha • Sep 21

NETSTREIT: A Solid Dividend And Significant Undervaluation

Summary NETSTREIT is a net-lease retail REIT that operates on a national scale. The REIT's portfolio is well-diversified, and its long-term leases enhance cash flow predictability. Recent performance shows significant growth in ABR, NOI, and AFFO. With low leverage, strong liquidity, a high dividend yield, and an attractive valuation, NTST represents a very good opportunity in the small-cap REIT space. Read the full article on Seeking Alpha
Seeking Alpha • Aug 26

Netstreit: Agree Realty 2.0 Or Potential Takeover Target?

Summary NETSTREIT Corp. is a retail-focused REIT with similarities to Agree Realty but with differences in tenant exposure and investment spreads. The company's financial performance has been solid, with growth in FFO and revenue, a strong balance sheet, and a safe dividend payout ratio. NETSTREIT Corp. is currently undervalued compared to its retail REIT peers, with potential for future growth. One risk for NTST could be its smaller size, making it a potential M&A target for peers like Agree Realty and Realty Income. The REIT's share price has underperformed in comparison to some peers, likely a result of lower investment spreads and stagnant dividend growth. Read the full article on Seeking Alpha
Seeking Alpha • Aug 20

Netstreit Has Become More Compelling (Rating Upgrade)

Summary NETSTREIT is a small triple-net lease, retail/service-oriented REIT with properties across 45 states. The Company is not as popular as its larger peers. NTST delivered solid Q2 2024 results and upheld its key business and credit metrics. In the meantime, the Company realised $115.8m of investment volume at a positive spread. I've upgraded my rating on NTST as its valuation is substantially more attractive now, both in absolute and relative terms. Read the full article on Seeking Alpha
Seeking Alpha • Jul 14

Netstreit: Worth Holding, But There Are Better Alternatives

Summary NETSTREIT is worth holding due to strong business metrics, well-covered dividends, no debt maturing until 2027, reasonable valuation, investment-grade tenants, and impressive AFFO per share growth. However, there are better alternatives within the retail/service-oriented property sector due to NTST's lower investment spreads, negligible dividend growth, high tenant concentration, and limited upside potential. I perceive ADC, EPRT, and NNN as more attractive opportunities. They share NTST's strengths and have better managed their weaknesses. Read the full article on Seeking Alpha
Seeking Alpha • Jul 01

Netstreit: Still A REIT With A Significant, Double-Digit Upside

Summary NETSTREIT has a conservative portfolio with 100% occupancy and rent collection, making it a low-risk investment. The company's small size doesn't hinder its growth potential, and it continues to find undervalued assets. The valuation of NETSTREIT suggests a potential upside of 15%+ annualized returns, making it an attractive investment opportunity. Read the full article on Seeking Alpha
Seeking Alpha • Jun 04

Netstreit: Still A REIT With A Significant, Double-Digit Upside

Summary Netstreit Corp. has a conservative portfolio with 100% occupancy and rent collection, making it a low-risk investment. The company's small size doesn't hinder its growth potential, and it continues to find undervalued assets. The valuation of Netstreit suggests a potential upside of 15%+ annualized returns, making it an attractive investment opportunity. Read the full article on Seeking Alpha
Seeking Alpha • May 01

NETSTREIT's Q1 Earnings: Salient Features Assessed

Summary There is much more to NETSTREIT Corp.'s Q1 earnings than what initially meets the eye. Despite asset class-based risks, the REIT's portfolio shows strong occupancy, low concentration risk, and long-term lease agreements. NETSTREIT's recent acquisitions and exposure to recession-proof assets provide safe yet high-yielding prospects. Key metrics suggest NETSTREIT is relatively undervalued. We hereby assign a Buy rating to NETSTREIT Corp. stock. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:NTST - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202830343N/A1595
12/31/202727946N/A1698
12/31/202624232N/A1448
3/31/202620611114114N/A
12/31/20251957109110N/A
9/30/20251860109109N/A
6/30/2025180-6106106N/A
3/31/2025171-11101101N/A
12/31/2024163-129090N/A
9/30/2024156-59191N/A
6/30/202414858383N/A
3/31/202414067777N/A
12/31/202313278080N/A
9/30/202312286363N/A
6/30/202311356263N/A
3/31/202310485656N/A
12/31/20229684951N/A
9/30/20228775051N/A
6/30/20227793940N/A
3/31/20226943536N/A
12/31/20215933131N/A
9/30/20215352626N/A
6/30/20214702525N/A
3/31/20214031616N/A
12/31/20203411313N/A
9/30/202026166N/A
6/30/202022044N/A
3/31/202020266N/A
12/31/2019200N/A6N/A
12/31/201824-20N/A9N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NTST's forecast earnings growth (32.6% per year) is above the savings rate (3.5%).

Earnings vs Market: NTST's earnings (32.6% per year) are forecast to grow faster than the US market (16.7% per year).

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

Revenue vs Market: NTST's revenue (14% per year) is forecast to grow faster than the US market (11.6% per year).

High Growth Revenue: NTST's revenue (14% per year) is forecast to grow slower 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 (3%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/11 21:09
End of Day Share Price 2026/05/08 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NETSTREIT Corp. is covered by 27 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wesley GolladayBaird
Kai KloseBerenberg
Eric Martin BordenBMO Capital Markets Equity Research