NETSTREIT Corp.

NYSE:NTST Stock Report

Market Cap: US$1.2b

NETSTREIT Valuation

Is NTST undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NTST when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$36.90
Fair Value
60.9% undervalued intrinsic discount
14
Number of Analysts

Below Fair Value: NTST ($14.42) is trading below our estimate of fair value ($36.9)

Significantly Below Fair Value: NTST is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NTST?

Key metric: As NTST is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for NTST. This is calculated by dividing NTST's market cap by their current revenue.
What is NTST's PS Ratio?
PS Ratio7.6x
SalesUS$155.55m
Market CapUS$1.20b

Price to Sales Ratio vs Peers

How does NTST's PS Ratio compare to its peers?

The above table shows the PS ratio for NTST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.7x
CMRF CIM Real Estate Finance Trust
2.3xn/aUS$1.2b
BFS Saul Centers
3.3x6.2%US$1.3b
ALX Alexander's
4.3x-0.7%US$1.0b
GTY Getty Realty
8.6x4.3%US$1.7b
NTST NETSTREIT
7.6x11.2%US$1.2b

Price-To-Sales vs Peers: NTST is expensive based on its Price-To-Sales Ratio (7.6x) compared to the peer average (4.7x).

Price to Sales Ratio vs Industry

How does NTST's PS Ratio compare vs other companies in the US Retail REITs Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
RVIC Retail Value
0.1xn/aUS$5.72m
PRET.Q Pennsylvania Real Estate Investment Trust
0.01xn/aUS$2.98m
WHLR Wheeler Real Estate Investment Trust
0.01xn/aUS$1.66m
No more companies available in this PS range
NTST 7.6xIndustry Avg. 6.8xNo. of Companies6PS03.26.49.612.816+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: NTST is expensive based on its Price-To-Sales Ratio (7.6x) compared to the US Retail REITs industry average (6.8x).

Price to Sales Ratio vs Fair Ratio

What is NTST's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NTST PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7.6x
Fair PS Ratio6x

Price-To-Sales vs Fair Ratio: NTST is expensive based on its Price-To-Sales Ratio (7.6x) compared to the estimated Fair Price-To-Sales Ratio (6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NTST forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$14.42
US$17.43
+20.9%
8.4%US$20.00US$15.00n/a14
Feb ’26US$14.48
US$17.43
+20.4%
8.4%US$20.00US$15.00n/a14
Jan ’26US$14.15
US$18.07
+27.7%
7.5%US$20.00US$15.00n/a14
Dec ’25US$16.21
US$18.21
+12.4%
7.6%US$20.00US$15.00n/a14
Nov ’25US$15.28
US$18.00
+17.8%
8.5%US$20.00US$15.00n/a14
Oct ’25US$16.43
US$18.08
+10.0%
8.6%US$20.00US$15.00n/a13
Sep ’25US$16.69
US$18.08
+8.3%
8.6%US$20.00US$15.00n/a13
Aug ’25US$16.23
US$18.75
+15.5%
9.1%US$22.00US$15.00n/a12
Jul ’25US$16.18
US$18.88
+16.7%
9.3%US$22.00US$15.00n/a12
Jun ’25US$17.35
US$18.88
+8.8%
9.3%US$22.00US$15.00n/a12
May ’25US$17.00
US$18.79
+10.5%
9.7%US$22.00US$15.00n/a12
Apr ’25US$18.25
US$18.96
+3.9%
9.7%US$22.00US$15.00n/a12
Mar ’25US$17.07
US$18.88
+10.6%
9.6%US$22.00US$15.00n/a12
Feb ’25US$18.60
US$18.79
+1.0%
10.8%US$22.00US$15.00US$14.4812
Jan ’25US$17.85
US$18.17
+1.8%
13.8%US$22.00US$14.00US$14.1513
Dec ’24US$16.08
US$17.27
+7.4%
14.5%US$22.00US$13.00US$16.2112
Nov ’24US$14.37
US$18.06
+25.7%
16.5%US$23.00US$13.00US$15.2812
Oct ’24US$15.58
US$20.80
+33.5%
5.6%US$23.00US$19.00US$16.4310
Sep ’24US$17.03
US$20.90
+22.7%
5.4%US$23.00US$19.00US$16.6910
Aug ’24US$17.74
US$21.10
+18.9%
4.9%US$23.00US$20.00US$16.2310
Jul ’24US$17.87
US$22.25
+24.5%
15.2%US$32.00US$20.00US$16.1810
Jun ’24US$17.42
US$22.17
+27.2%
16.1%US$32.00US$20.00US$17.359
May ’24US$17.89
US$22.28
+24.5%
15.7%US$32.00US$20.00US$17.009
Apr ’24US$18.28
US$22.61
+23.7%
15.0%US$32.00US$20.00US$18.259
Mar ’24US$20.10
US$22.95
+14.2%
13.8%US$32.00US$20.00US$17.0710
Feb ’24US$20.29
US$22.73
+12.0%
14.2%US$32.00US$20.00US$18.6010
Analyst Price Target
Consensus Narrative from 14 Analysts
US$17.43
Fair Value
17.3% undervalued intrinsic discount
14
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 22:29
End of Day Share Price 2025/02/07 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 20 analysts. 6 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
Nathan CrossettBerenberg
Nathan CrossettBNP Paribas Exane