InvenTrust Properties Corp. (IVT) vs NETSTREIT Corp. (NTST)

InvenTrust Properties Corp. and NETSTREIT Corp. are both Reit Retail companies. InvenTrust Properties Corp. is the larger, with a market value of $2.4B against $1.9B — 1.3× the size. NETSTREIT Corp. trades at the lower P/E: 127× against 153×. NETSTREIT Corp. grew revenue faster over the last twelve months: 21.9% against 10.5%. NETSTREIT Corp. has the higher net margin (6.35% vs 4.80%) and the higher return on invested capital (1.39% vs 1.17%). Both pay a dividend; NETSTREIT Corp. yields more (4.55% vs 3.38%). Across the 22 metrics below, NETSTREIT Corp. leads on 13 and InvenTrust Properties Corp. on 9.

Valuation

Metric IVT NTST Reit Retail median
P/E 152.65 127.43 24.82
P/S 7.50 8.09 6.69
P/B 1.35 1.12 1.75
Price to free cash flow n/m n/m 13.29
EV/EBITDA 17.77 18.88 15.42
EV/Sales 10.72 14.35 10.60
Earnings yield 0.66% 0.78% 3.91%
Free cash flow yield (18.21%) (37.64%) 2.98%

Profitability

Metric IVT NTST Reit Retail median
Gross margin 72.56% 90.40% 71.78%
Operating margin 16.42% 29.97% 34.62%
Net margin 4.80% 6.35% 27.14%
Free cash flow margin (136.60%) (304.51%) 18.82%
Return on equity 0.85% 0.96% 7.05%
Return on assets 0.53% 0.52% 3.40%
Return on invested capital 1.17% 1.39% 3.18%

Growth

Metric IVT NTST Reit Retail median
Revenue growth (TTM) 10.51% 21.93% 8.49%
EPS growth (last fiscal year) 647.37% 150.00% —
Revenue growth, 5-year CAGR 8.62% 42.04% 8.62%
Net income growth, 5-year CAGR 0.00% 58.59% 1.85%

Health

Metric IVT NTST Reit Retail median
Debt to equity 0.62 0.88 0.94
Current ratio 1.73 3.55 1.62
Net debt to EBITDA 4.40 7.56 5.40

Dividend

Metric IVT NTST Reit Retail median
Dividend yield 3.38% 4.55% 4.57%
Payout ratio 14.02 8.89 1.21

Size

Metric IVT NTST Reit Retail median
Market cap 2.38b 1.88b 3.65b

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