NETSTREIT Management
Management criteria checks 3/4
NETSTREIT's CEO is Mark Manheimer, appointed in Oct 2019, has a tenure of 5.17 years. total yearly compensation is $4.08M, comprised of 17.2% salary and 82.8% bonuses, including company stock and options. directly owns 0.28% of the company’s shares, worth $3.13M. The average tenure of the management team and the board of directors is 4.8 years and 5 years respectively.
Key information
Mark Manheimer
Chief executive officer
US$4.1m
Total compensation
| CEO salary percentage | 17.2% |
| CEO tenure | 5.2yrs |
| CEO ownership | 0.3% |
| Management average tenure | 4.8yrs |
| Board average tenure | 5yrs |
Recent management 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 31CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$5m |
| Jun 30 2024 | n/a | n/a | US$5m |
| Mar 31 2024 | n/a | n/a | US$6m |
| Dec 31 2023 | US$4m | US$700k | US$7m |
| Sep 30 2023 | n/a | n/a | US$8m |
| Jun 30 2023 | n/a | n/a | US$5m |
| Mar 31 2023 | n/a | n/a | US$8m |
| Dec 31 2022 | US$4m | US$600k | US$8m |
| Sep 30 2022 | n/a | n/a | US$7m |
| Jun 30 2022 | n/a | n/a | US$9m |
| Mar 31 2022 | n/a | n/a | US$4m |
| Dec 31 2021 | US$4m | US$600k | US$3m |
| Sep 30 2021 | n/a | n/a | US$5m |
| Jun 30 2021 | n/a | n/a | US$280k |
| Mar 31 2021 | n/a | n/a | US$3m |
| Dec 31 2020 | US$2m | US$550k | US$688k |
| Sep 30 2020 | n/a | n/a | US$1m |
| Jun 30 2020 | n/a | n/a | US$411k |
| Mar 31 2020 | n/a | n/a | US$2m |
| Dec 31 2019 | US$3m | US$16k | US$28k |
Compensation vs Market: Mark's total compensation ($USD4.08M) is about average for companies of similar size in the US market ($USD3.30M).
Compensation vs Earnings: Mark's compensation has increased whilst the company is unprofitable.
CEO
Mark Manheimer (48 yo)
5.2yrs
Tenure
US$4,078,215
Compensation
Mr. Mark L. Manheimer serves as President, Chief Executive Officer and Director at Netstreit Corporation since October 2019. He serves as Secretary at Netstreit Corporation. From 2012 through 2016, Mr. Man...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.2yrs | US$4.08m | 0.28% $ 3.1m | |
| CFO, Interim Principal Accounting Officer & Treasurer | 1.7yrs | US$1.60m | 0.013% $ 151.7k | |
| Senior Associate of Investor Relations | no data | no data | no data | |
| Senior Vice President of Acquisitions | 5yrs | no data | no data | |
| Senior Vice President of Real Estate & Underwriting | 4.6yrs | no data | no data |
4.8yrs
Average Tenure
48yo
Average Age
Experienced Management: NTST's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.2yrs | US$4.08m | 0.28% $ 3.1m | |
| Independent Director | 4.3yrs | US$168.79k | 0.027% $ 304.4k | |
| Lead Independent Director | 5yrs | US$185.00k | 0.039% $ 439.8k | |
| Independent Director | 5.2yrs | US$178.79k | 0.013% $ 144.1k | |
| Independent Chairman | 5yrs | US$1.07m | 0.022% $ 246.0k | |
| Independent Director | 4.4yrs | US$177.50k | 0.016% $ 183.0k | |
| Independent Director | 4.3yrs | US$165.00k | 0.016% $ 179.0k |
5.0yrs
Average Tenure
54yo
Average Age
Experienced Board: NTST's board of directors are considered experienced (5 years average tenure).
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 |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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 |