NETSTREIT Balance Sheet Health
Financial Health criteria checks 2/6
NETSTREIT has a total shareholder equity of $1.3B and total debt of $785.2M, which brings its debt-to-equity ratio to 58.3%. Its total assets and total liabilities are $2.2B and $837.9M respectively. NETSTREIT's EBIT is $45.6M making its interest coverage ratio 1.7. It has cash and short-term investments of $33.8M.
Key information
58.3%
Debt to equity ratio
US$785.18m
Debt
| Interest coverage ratio | 1.7x |
| Cash | US$33.79m |
| Equity | US$1.35b |
| Total liabilities | US$837.93m |
| Total assets | US$2.19b |
Recent financial health updates
No updates
Recent updates
Netstreit: 2 Reasons Not To Buy This REIT As Real Estate Rebounds
Nov 12NETSTREIT: A Solid Dividend And Significant Undervaluation
Sep 21Netstreit: Agree Realty 2.0 Or Potential Takeover Target?
Aug 26Netstreit Has Become More Compelling (Rating Upgrade)
Aug 20Netstreit: Worth Holding, But There Are Better Alternatives
Jul 14Netstreit: Still A REIT With A Significant, Double-Digit Upside
Jul 01Netstreit: Still A REIT With A Significant, Double-Digit Upside
Jun 04NETSTREIT's Q1 Earnings: Salient Features Assessed
May 01NETSTREIT Is Still Buyable, Even Beyond Trough
Feb 07Netstreit: 3 Reasons To Buy This REIT As Real Estate Rebounds
Jan 04The Reasons We Prefer Netstreit Over Realty Income
Dec 28Netstreit Q3 Earnings Preview: Shares Attractive On Consistent Portfolio Strength (Ratings Upgrade)
Oct 24Netstreit: Attractive Dividend, But Share Dilution May Limit Its Growth
Sep 29Netstreit: First Dividend Increase Attracts Attention, Shares Fairly Valued
Aug 30Netstreit: Looking Attractive After Solid Q2 Results (Rating Upgrade)
Aug 11Netstreit: Now Is The Time To Buy
Jul 17STORE Capital: Netstreit Could Be A Great Replacement
Dec 28Netstreit: Running Out Of Patience
Dec 17Netstreit: At 100% Occupancy Levels, It's Too Dependent On External Growth
Oct 31Financial Position Analysis
Short Term Liabilities: NTST's short term assets ($119.4M) exceed its short term liabilities ($20.5M).
Long Term Liabilities: NTST's short term assets ($119.4M) do not cover its long term liabilities ($817.4M).
Debt to Equity History and Analysis
Debt Level: NTST's net debt to equity ratio (55.8%) is considered high.
Reducing Debt: NTST's debt to equity ratio has reduced from 91.3% to 58.3% over the past 5 years.
Debt Coverage: NTST's debt is not well covered by operating cash flow (11.6%).
Interest Coverage: NTST's interest payments on its debt are not well covered by EBIT (1.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 23:13 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 here.
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 .
Analyst Sources
NETSTREIT Corp. is covered by 19 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Wesley Golladay | Baird |
| Nathan Crossett | Berenberg |
| Nathan Crossett | BNP Paribas Exane |