NETSTREIT Corp. (NTST) vs Urban Edge Properties (UE)

NETSTREIT Corp. and Urban Edge Properties are both Reit Retail companies. Urban Edge Properties is the larger, with a market value of $2.6B against $1.9B — 1.4× the size. Urban Edge Properties trades at the lower P/E: 36.9× against 127×. NETSTREIT Corp. grew revenue faster over the last twelve months: 21.9% against 7.38%. Urban Edge Properties has the higher net margin (13.7% vs 6.35%) and the higher return on invested capital (3.18% vs 1.39%). Both pay a dividend; NETSTREIT Corp. yields more (4.55% vs 3.64%). Across the 22 metrics below, Urban Edge Properties leads on 13 and NETSTREIT Corp. on 9.

Valuation

Metric NTST UE Reit Retail median
P/E 127.43 36.85 24.82
P/S 8.09 5.07 6.69
P/B 1.12 1.82 1.75
Price to free cash flow n/m n/m 13.29
EV/EBITDA 18.88 14.77 15.42
EV/Sales 14.35 8.20 10.60
Earnings yield 0.78% 2.71% 3.91%
Free cash flow yield (37.64%) (1.24%) 2.98%

Profitability

Metric NTST UE Reit Retail median
Gross margin 90.40% 67.94% 71.78%
Operating margin 29.97% 30.06% 34.62%
Net margin 6.35% 13.72% 27.14%
Free cash flow margin (304.51%) (6.29%) 18.82%
Return on equity 0.96% 4.91% 7.05%
Return on assets 0.52% 2.03% 3.40%
Return on invested capital 1.39% 3.18% 3.18%

Growth

Metric NTST UE Reit Retail median
Revenue growth (TTM) 21.93% 7.38% 8.49%
EPS growth (last fiscal year) 150.00% 23.33% —
Revenue growth, 5-year CAGR 42.04% 7.41% 8.62%
Net income growth, 5-year CAGR 58.59% 0.00% 1.85%

Health

Metric NTST UE Reit Retail median
Debt to equity 0.88 1.19 0.94
Current ratio 3.55 1.57 1.62
Net debt to EBITDA 7.56 5.95 5.40

Dividend

Metric NTST UE Reit Retail median
Dividend yield 4.55% 3.64% 4.57%
Payout ratio 8.89 4.92 1.21

Size

Metric NTST UE Reit Retail median
Market cap 1.88b 2.64b 3.65b

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