NETSTREIT Corp. (NTST) vs SITE CENTERS CORP. (SITC)

NETSTREIT Corp. and SITE CENTERS CORP. are both Reit Retail companies. NETSTREIT Corp. is the larger, with a market value of $1.9B against $158.5M — 11.9× the size. SITE CENTERS CORP. trades at the lower P/E: 1.3× against 127×. NETSTREIT Corp. grew revenue faster over the last twelve months: 21.9% against −58.6%. SITE CENTERS CORP. has the higher net margin (179.5% vs 6.35%) and the lower return on invested capital (−229.5% vs 1.39%). Both pay a dividend; NETSTREIT Corp. yields more (4.55% vs 4.08%). Across the 21 metrics below, SITE CENTERS CORP. leads on 14 and NETSTREIT Corp. on 7.

Valuation

Metric NTST SITC Reit Retail median
P/E 127.43 1.27 24.82
P/S 8.09 2.25 6.69
P/B 1.12 0.57 1.75
Price to free cash flow n/m 0.23 13.29
EV/EBITDA 18.88 n/m 15.42
EV/Sales 14.35 2.36 10.60
Earnings yield 0.78% 78.76% 3.91%
Free cash flow yield (37.64%) 443.19% 2.98%

Profitability

Metric NTST SITC Reit Retail median
Gross margin 90.40% 61.50% 71.78%
Operating margin 29.97% (210.81%) 34.62%
Net margin 6.35% 179.48% 27.14%
Free cash flow margin (304.51%) 998.59% 18.82%
Return on equity 0.96% 33.27% 7.05%
Return on assets 0.52% 19.32% 3.40%
Return on invested capital 1.39% (229.47%) 3.18%

Growth

Metric NTST SITC Reit Retail median
Revenue growth (TTM) 21.93% (58.57%) 8.49%
EPS growth (last fiscal year) 150.00% (65.61%) —
Revenue growth, 5-year CAGR 42.04% (23.12%) 8.62%
Net income growth, 5-year CAGR 58.59% 63.57% 1.85%

Health

Metric NTST SITC Reit Retail median
Debt to equity 0.88 0.00 0.94
Current ratio 3.55 8.22 1.62
Net debt to EBITDA 7.56 2.11 5.40

Dividend

Metric NTST SITC Reit Retail median
Dividend yield 4.55% 4.08% 4.57%
Payout ratio 8.89 1.08 1.21

Size

Metric NTST SITC Reit Retail median
Market cap 1.88b 158.48m 3.65b

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