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NETSTREIT Corp.

NTST Real Estate Reit Retail

NETSTREIT Corp.’s revenue for fiscal 2025 (year ended December 2025) was $195.0 million, up 19.8% from fiscal 2024.

Revenue
+37.2%
EPS
+981.1%
Free cash flow
−47.2%
Total debt
+9.07%

Quarter to September 2026, against a year earlier

18.83 0.01 −0.05%
Market cap
$2.4B
P/E
87.2×
Fwd P/E
55.6×
Dividend yield
4.68%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.15
Sold, $m 0.15
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 2 — — — — — 1 — — 1 — —
Sell — — — — 1 — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 2,370.00
Revenue ttm 237.11
Net income ttm 21.86
Free cash flow ttm (727.69)
Net debt Q 1,149.51
Valuation
P/E 87.19 (above 35: high)
Forward P/E 55.60 (above 35: high)
Price / sales 8.17
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.96
Financial health
Current ratio Q 2.77
Debt / equity Q 0.59
Interest coverage Q 1.32
Growth
Revenue growth Q +37.17% (above 0%: growing)
Operating income growth Q +94.73% (above 0%: growing)
EPS, this year +289.67% (at or above 15%: strong)
EPS, next year A +42.14% (at or above 15%: strong)
Revenue, next year A +30.05% (at or above 10%: strong)
EPS, past 5 yrs +51.57% (at or above 15%: strong)
EPS, next 5 yrs A +73.18% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 13.0×, against a ten-year median of 14.3×; over the ten years it ranged from 11.9× in 2024 to 22.9× in 2021.
P/E against its own 10 years 2.72%
10-year low 10-year high
P/S against its own 10 years 23.03%
10-year low 10-year high
P/B against its own 10 years 44.76%
10-year low 10-year high
EV/Sales against its own 10 years 20.68%
10-year low 10-year high

Dividends raised 3 years running

Yield
4.68%
Annual rate
0.88
Payout ratio
410.1%
Growth, 2020–25
+23.2%/yr
  1. 0.30 ’20
  2. 0.80 ’21 +167
  3. 0.80 ’22 +0
  4. 0.81 ’23 +1
  5. 0.83 ’24 +2
  6. 0.85 ’25 +2
  7. 0.89 ’26e +5
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 30 14 14 42
Receivables — — — —
Inventory — — — —
Other — — — —
144 154 157 175
2023 2024 2025 Q'26
Payables 36 30 43 55
ST’ Debt — — — —
Other — — — —
44 38 50 63

Compound Annual Growth %

10y 5y 3y
Sales — 42.04% 26.52%
Cash Flow — 53.74% 29.31%
Earnings — 58.59% (5.27%)
Book Value — 22.43% 11.13%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.35 Actual 0.08

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.33 0.02 Miss by 0.31
Q1 FY26 0.34 0.06 Miss by 0.28
Q2 FY26 0.34 0.06 Miss by 0.28
Q3 FY26 0.35 0.08 Miss by 0.27
Q4 FY26 0.35 — Reports 9 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.06 0.06 0.08 — —
’25 0.02 0.04 0.01 0.01 0.08
’24 0.01 (0.03) (0.07) (0.07) (0.16)
’23 0.03 (0.01) 0.06 0.03 0.11
’22 0.04 0.04 0.03 0.05 0.16
’21 0.02 (0.07) 0.07 0.05 0.08
’20 (0.13) (0.03) (0.11) 0.15 0.01
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 57 61 66 — —
’25 46 48 48 53 195
’24 38 40 41 44 163
’23 29 32 34 37 132
’22 21 23 25 27 96
’21 12 14 16 18 59
’20 6 7 10 11 34
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 26 37 42 — —
’25 22 31 28 29 110
’24 12 25 25 28 90
’23 15 20 17 29 80
’22 9 13 16 12 51
’21 4 9 5 12 31
’20 1 1 4 7 13
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (203) (166) (188) — —
’25 (20) (19) (128) (171) (337)
’24 (75) (76) (83) (104) (338)
’23 (40) (90) (97) (74) (301)
’22 (84) (97) (112) (80) (372)
’21 (85) (99) (67) (147) (399)
’20 (73) (141) (98) 324 (350)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — 24 20 34 59 96 132 163 195 237 +35.0% 254 307 348 +21.3%
Gross margin, % — — 0.00 94.27 92.38 90.19 87.85 87.56 89.30 90.15 90.43 +90.1 pt
EBT — — (20) (8) 0 3 9 7 (12) 7 22 n/m
EBT margin, % — — (85.18) (39.52) 0.63 5.43 8.93 5.19 (7.34) 3.59 9.30 +88.8 pt
Net income — — (20) (8) 0 3 8 7 (12) 7 22 n/m
Per share, $
Per share, $ Revenue — — 0.91 2.29 1.95 1.60 1.94 2.06 2.13 2.36 2.30 +14.6%
Earnings — — (0.78) (0.91) 0.04 0.08 0.16 0.11 (0.16) 0.08 0.22 n/m
Cash flow — — 0.34 0.69 0.74 0.85 1.02 1.25 1.18 1.32 1.30 +21.4%
Capex — — 0.00 8.44 (20.93) (11.64) (8.54) (5.96) (5.60) (5.40) (8.35) n/m
Free cash flow — — 0.34 9.13 (20.20) (10.79) (7.52) (4.70) (4.42) (4.08) (7.05) n/m
Book value — — 0.00 28.49 30.49 21.35 21.37 19.92 17.49 17.56 19.47 n/m
Shares, m — — 26 9 17 37 50 64 77 83 95 +17.9%
Valuation, ×
Valuation, × P/E — — 0.00 0.00 0.00 327.14 116.06 166.27 0.00 212.79 87.19 102.8
P/S — — 0.00 0.00 16.12 14.33 9.55 8.86 6.65 7.48 8.17 7.9
P/B — — 0.96 0.96 1.03 1.07 0.87 0.92 0.81 1.00 0.96 1.0
EV/Sales — — 0.00 0.00 18.54 18.23 13.87 13.20 11.86 13.01 13.02 11.1
EV/FCF — — 42.54 42.54 49.04 (2.70) (3.59) (5.79) (5.70) (7.52) (4.24) 13.6
Cash, $m
Cash, $m Operating cash flow — — 9 6 13 31 51 80 90 110 134 +43.1%
Capex — — (32) 75 (363) (431) (423) (381) (429) (447) (861) +46.0%
Free cash flow — — 9 81 (350) (399) (372) (301) (338) (337) (728) n/m
Balance, $m
Balance, $m Working capital — — — 167 86 (9) 86 100 116 107 112 (7.2%)
Net debt — — 245 5 81 231 416 572 847 1,079 1,150 +23.6%
Shareholders’ equity — — — 252 528 790 1,058 1,273 1,338 1,453 2,009 +33.9%
Returns, %
Returns, % ROA — — (5.29) (2.10) 0.12 0.34 0.61 0.38 (0.57) 0.28 0.76 +5.6 pt
ROIC — — 0.00 (0.68) (0.15) 0.21 0.57 0.82 0.53 1.24 1.52 +1.2 pt
ROE — — 0.00 (2.44) 0.18 0.46 0.88 0.59 (0.91) 0.49 1.31 +0.5 pt
People
People Employees — — — 15 19 23 30 28 22 29 — +11.6%
Revenue/emp, $m — — 0.00 1.35 1.78 2.57 3.21 4.71 7.40 6.72 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

NETSTREIT Corp. vs peers in Reit Retail (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CURB Curbline Properties Corp. $3.6B 123× 124× +46.15% (above 0%: growing) −33.33% (below 0%: shrinking) +34.90% (above 0%: growing) 87.10% 19.31% Compare
UE Urban Edge Properties $2.8B 24.5× 38.3× −0.47% (below 0%: shrinking) +255.33% (above 0%: growing) −33.79% (below 0%: shrinking) 69.37% 31.85% Compare
AKR Acadia Realty Trust $2.8B 73.2× 40.9× −5.96% (below 0%: shrinking) n/m −369.83% (below 0%: shrinking) 72.23% 10.76% Compare
FCPT Four Corners Property Trust, Inc. $2.6B 21.6× 20.4× +12.86% (above 0%: growing) −5.82% (below 0%: shrinking) +24.85% (above 0%: growing) 85.95% 55.51% Compare
IVT InvenTrust Properties Corp. $2.5B 85.4× 242× +16.99% (above 0%: growing) +211.25% (above 0%: growing) +118.86% (above 0%: growing) 72.94% 17.51% Compare
NTST NETSTREIT Corp. $2.4B 87.2× 55.6× +37.17% (above 0%: growing) +981.08% (above 0%: growing) −47.21% (below 0%: shrinking) 91.03% 35.20%
GTY Getty Realty Corporation $1.9B 17.5× 18.3× +13.31% (above 0%: growing) 0.00% −1,107.74% (below 0%: shrinking) 95.96% 61.69% Compare
CBL CBL & Associates Properties, Inc. $1.5B 6.8× 15.6× +3.96% (above 0%: growing) +1,775.00% (above 0%: growing) +40.87% (above 0%: growing) 65.39% 30.53% Compare
ALX Alexander's, Inc. $1.3B 6.7× — (loss-making) +34.88% (above 0%: growing) +359.66% (above 0%: growing) +202.17% (above 0%: growing) 64.08% 48.86% Compare
Median of peers $2.5B 23.1× 38.3× +13.09% +211.25% +29.87% 72.59% 31.19%

All 26 Reit Retail stocks →

Pay and ownership Proxy statement filed 1 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 5.17m 9.19m 113.19
2024 4.92m 2.23m 86.31
2023 4.08m 3.12m 103.62
2022 3.71m 1.87m 101.50
2021 3.88m 6.00m 121.93

Ownership

Directors and executive officers, together less than 1%
Affiliates of Cohen & Steers, Inc. 13.60%
Principal Real Estate Investors, LLC 9.20%
Blackrock, Inc. 9.20%
The Vanguard Group 7.60%
Millennium Management LLC 5.40%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

NETSTREIT Corp. (NTST) Latest News

30 Oct

Impact 3 · · The Motley Fool

22 Oct

Impact 4 · · MarketBeat
Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby

21 Oct

Impact 3 · · Zacks
Impact 3 · · Associated Press
Impact 3 · · Business Wire

9 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

2 Oct

Impact 4 · · Business Wire

25 Jul

Impact 4 ·

23 Jul

Impact 4 · · MarketBeat transcript
Impact 4 ·
Impact 3 · · Moby transcript

22 Jul

Impact 3 ·
Impact 3 ·

6 Jul

Impact 3 ·

24 Jun

Impact 3 · · PR Newswire

11 Jun

Impact 3 ·

22 Apr

Impact 4 · · GuruFocus.com

21 Apr

Impact 4 · · MarketBeat
Impact 4 · · The Motley Fool transcript
Impact 3 · · Moby

20 Apr

Impact 3 ·
Impact 3 ·

15 Feb

Impact 4 · · Simply Wall St.

11 Feb

Impact 4 · · GuruFocus.com transcript
Impact 4 · · MarketBeat transcript
Impact 3 · · Business Wire
Impact 3 · · Business Wire

NTST metrics, ten years each

stockrow.com/NTST · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com