NETSTREIT Past Earnings Performance
Past criteria checks 1/6
NETSTREIT has been growing earnings at an average annual rate of 45%, while the Retail REITs industry saw earnings growing at 10.5% annually. Revenues have been growing at an average rate of 38.9% per year. NETSTREIT's return on equity is 0.5%, and it has net margins of 4.6%.
Key information
45.0%
Earnings growth rate
18.3%
EPS growth rate
| Retail REITs Industry Growth | 8.5% |
| Revenue growth rate | 38.9% |
| Return on equity | 0.5% |
| Net Margin | 4.6% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Netstreit: 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 31Netstreit: Still Waiting For Dividend Growth
Aug 23Netstreit: Avoid The 3 Ts By Owning The 3 Qs
Aug 17NETSTREIT announces public stock offering
Aug 03NETSTREIT FFO of $0.28 beats by $0.01, revenue of $22.63M beats by $0.4M
Jul 28Netstreit: 100% Occupancy And A Quality Tenant Mix
Jun 28Netstreit: This Small REIT Has A Lot Of Potential And We Like Its Defensive Strategy
May 28Netstreit: A Compelling Buy For Long Term Investors
Apr 09Results: NETSTREIT Corp. Beat Earnings Expectations And Analysts Now Have New Forecasts
Feb 28
Revenue & Expenses Breakdown
How NETSTREIT makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 140 | 6 | 21 | 0 |
| 31 Dec 23 | 131 | 7 | 20 | 0 |
| 30 Sep 23 | 122 | 8 | 20 | 0 |
| 30 Jun 23 | 113 | 5 | 19 | 0 |
| 31 Mar 23 | 104 | 8 | 19 | 0 |
| 31 Dec 22 | 96 | 8 | 18 | 0 |
| 30 Sep 22 | 87 | 7 | 18 | 0 |
| 30 Jun 22 | 77 | 9 | 17 | 0 |
| 31 Mar 22 | 69 | 4 | 16 | 0 |
| 31 Dec 21 | 59 | 3 | 15 | 0 |
| 30 Sep 21 | 53 | 5 | 14 | 0 |
| 30 Jun 21 | 47 | 0 | 15 | 0 |
| 31 Mar 21 | 40 | 3 | 13 | 0 |
| 31 Dec 20 | 34 | 1 | 11 | 0 |
| 30 Sep 20 | 26 | 1 | 9 | 0 |
| 30 Jun 20 | 22 | 0 | 5 | 0 |
| 31 Mar 20 | 20 | 2 | 4 | 0 |
| 31 Dec 19 | 20 | 0 | 4 | 0 |
| 31 Dec 18 | 24 | -20 | 4 | 0 |
Quality Earnings: NTST has a large one-off loss of $8.2M impacting its last 12 months of financial results to 31st March, 2024.
Growing Profit Margin: NTST's current net profit margins (4.6%) are lower than last year (7.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: NTST has become profitable over the past 5 years, growing earnings by 45% per year.
Accelerating Growth: NTST's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NTST had negative earnings growth (-16.2%) over the past year, making it difficult to compare to the Retail REITs industry average (5.9%).
Return on Equity
High ROE: NTST's Return on Equity (0.5%) is considered low.