NETSTREIT Corp

NetSTREIT Corp. is an internally managed Real Estate Investment Trust that specializes in acquiring single-tenant net lease retail properties nationwide. The firm acquires, owns and manages a diversified portfolio of single-tenant, net lease retail commercial real estate. Its growth and strategy focuses on tenants in industries where a physical location is critical to the generation of sales and profits, with a focus on necessity goods and essential services in the retail sector. The company's portfolio consists of properties leased to e-commerce resistant tenants with healthy balance sheets. NetSTREIT was founded on October 11, 2019 and is headquartered in Dallas, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

NETSTREIT Corp reports robust Q4 performance and positive 2023 outlook

NETSTREIT Corp delivered a strong performance in Q4 2022, showcasing financial stability and growth amidst economic challenges.
The company's disciplined capital deployment, robust balance sheet, and positive guidance underscore its commitment to shareholder value and long-term success.
While facing competition and leadership transition challenges, NETSTREIT's focus on strategic acquisitions and strong relationships positions it well for future growth.

NETSTREIT Corp reports robust Q1 performance and outlines growth strategies

NETSTREIT Corp's Q1 2023 performance showcased strength in financial metrics and strategic investments. While challenges exist in asset competition and market pressures, the company's focus on quality tenants and growth opportunities positions it well for the future.

NETSTREIT Corp reports solid Q2 performance amidst growth opportunities

NETSTREIT Corp delivered solid financial performance in Q2 2023 despite a net loss, with strong Core FFO and AFFO.
The company's focus on high-quality tenants and strategic investments positions it well for future growth.
Challenges include lease expiration risks and managing G&A expenses, while opportunities lie in the investment pipeline and market dynamics.
Overall, NETSTREIT Corp's updated AFFO guidance and dividend increase reflect positive momentum and strategic planning.

NETSTREIT Corp posts solid Q3 results amidst market challenges

NETSTREIT Corp demonstrated resilience and growth potential in Q3 2023, supported by strong financial performance and strategic portfolio management.
While facing challenges such as tenant concentration risk and market uncertainties, the company remains well-positioned to capitalize on opportunities for expansion and diversification.
Investors can expect continued focus on stable income generation, prudent financial management, and strategic growth initiatives from NETSTREIT Corp.
Overall, NETSTREIT Corp's performance reflects a balanced approach to navigating the evolving real estate landscape and delivering value to shareholders.

NETSTREIT Corp posts solid Q4 results, eyes growth opportunities

NETSTREIT Corp delivered strong financial results, maintained a robust portfolio, and demonstrated efficient cost management in Q4 2023.
The company's strategic acquisitions, reaffirmed guidance, and emphasis on financial flexibility position it well for future growth.
While facing challenges in capital deployment and risk management, NETSTREIT has opportunities to expand its portfolio and drive value creation.

NETSTREIT Corp reports robust Q1 earnings amidst tenant challenges

NETSTREIT Corp delivered a strong performance in Q1 2024, supported by active capital deployment and a focus on properties with investment-grade tenants.
While facing challenges from store closures, the company demonstrated resilience and proactive management strategies to safeguard their portfolio.
With solid financials, increased guidance, and a commitment to shareholder value, NETSTREIT Corp is well-positioned for future growth and value creation.

NETSTREIT Corp reports solid Q2 performance amidst challenges and opportunities

NETSTREIT Corp showcased robust investment activity and financial performance in Q2 2024.
The company's strong portfolio metrics and dividend declaration reflect stability and long-term value.
While facing challenges such as a fraud incident and net loss, opportunities for growth and improvement exist.
Maintaining a prudent balance between risk management and growth strategies will be key for future success.

NETSTREIT Corp reports record investments and strong financial performance

NETSTREIT Corp delivered strong financial performance with record investments and solid Core FFO and AFFO figures.
Maintaining a focus on tenant diversification and portfolio optimization while addressing challenges in net loss and operational efficiency.
Opportunities lie in strategic acquisitions, capitalizing on rent growth profiles, and enhancing operational effectiveness for future growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

NETSTREIT has a conservative portfolio with 100% occupancy and rent collection, making it a low-risk investment. The company's small size doesn't hinder its growth potential, and it continues to find undervalued assets. The valuation of NETSTREIT suggests a potential upside of 15%+ annualized returns, making it an attractive investment opportunity.

Netstreit: Still A REIT With A Significant, Double-Digit Upside

Agree Realty

Essential Properties Realty Trust Inc

Realty Income Corp

I began my career by leasing out shopping centers and industrial flex space, and then I decided to get a taste of being a landlord. In 2009, due to a failed business partnership as well as the "Great Recession," I was forced to pivot from real estate development to stock analysis. As many readers have suggested, I want to provide a list of my top three net lease REITs (with a bonus pick).

3 Of My Favorite Net Lease REITs Plus A Bonus Pick

CubeSmart

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

These 3 Real Estate Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Agree Realty (NYSE:ADC), CubeSmart (NYSE:CUBE)

Broadstone Net Lease

CVS Health

Gladstone Commercial

Alpine Income Property Trust

Vici Properties

Walgreens

W. P. Carey

There is significant mispricing among triple net REITs due to a lack of consideration for changing the tenant landscape. Net store openings indicate positive occupancy and rental rates, but some REITs are exposed to troubled areas. REITs with exposure to CVS and Walgreens may face challenges with lease expirations, requiring substantial capex and potential revenue disruption.

Triple Net REITs Mispriced As Tenancy Shifts

NTST is a triple net lease REIT focused on retail/service-oriented properties. Despite a decline in stock price, NTST's P/FFO multiple remains high. The business looks relatively well, but there are better investment opportunities, even within this property sector.

Netstreit: There Are More Attractive Opportunities Given Its Valuation

Four Corners Property Trust

Getty Realty

Medical Properties Trust

National Retail Properties

Net lease REITs have performed better than other types of REITs despite rising interest rates. AFFO multiples are the primary method for valuing net lease REITs. These charts allow us to compare the swing in AFFO multiples over the last 5 years.

Net Lease REIT Chart Comparison

CTO Realty Growth

Rexford Industrial Realty

Meme stocks such as GameStop and AMC are making a comeback, but analysts are skeptical about their longevity. Real estate investment trusts are being touted as a sustainable investment option with potential for profit. Cohen & Steers' research highlights that REITs have outperformed stocks and bonds in periods of lower yields and growth, and their valuations are below historical medians.

Avoid Meme Stocks, Invest The 'REIT' Way

DALLAS--(BUSINESS WIRE)--NETSTREIT Corp. (NYSE: NTST) (the “Company”) today announced financial and operating results for the first quarter ended March 31, 2024. “I'm proud to report NETSTREIT's strong start to the year. We raised a combined $229.5 million from our January follow-on offering and our ATM program year to date, and have completed $129.2 million in gross investment activity at a blended cash yield of 7.5% during the quarter. With our 2024 capital needs already addressed, NETSTREIT.

NETSTREIT Reports First Quarter 2024 Financial and Operating Results

Americold Realty

Retail Opportunity Investments

Being a landlord can be lucrative if done right, but can also lead to complications and financial strain if done wrong. It's important for landlords to treat tenants with respect, conduct background checks, and stay informed about laws affecting their business. Investing in real estate investment trusts can be a smart and hassle-free way to benefit from being a landlord.

Tales Of A Lazy Landlord

DALLAS--(BUSINESS WIRE)--NETSTREIT Corp. (NYSE: NTST) (the “Company”), a nationwide owner of high-quality, single-tenant net lease properties, today announced that it will release its first quarter 2024 financial results on April 29, 2024 after the close of trading on the New York Stock Exchange. A conference call will be held on Tuesday, April 30, 2024 at 11:00 AM ET. A live webcast will be accessible on the “Investor Relations” section of the Company's website at www.NETSTREIT.com. To listen.

NETSTREIT Corp. Announces Dates for First Quarter 2024 Earnings Release and Conference Call

DALLAS--(BUSINESS WIRE)--NETSTREIT Corp. (NYSE: NTST) (the “Company”) today announced the release of its inaugural Corporate Responsibility Report. The report details NETSTREIT's ongoing commitment to corporate governance, social responsibility, and environmental stewardship efforts. “I am proud to present our inaugural Corporate Responsibility Report, which highlights our initiatives and achievements during the last year. As we grow, we will continue to work towards enhancing our corporate res.

NETSTREIT Corp. Publishes Its Inaugural Corporate Responsibility Report

Netstreit Corporation (NTST) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for NETSTREIT (NTST) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

NETSTREIT (NTST) Reports Q4 Earnings: What Key Metrics Have to Say

NETSTREIT (NTST) came out with quarterly funds from operations (FFO) of $0.31 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to FFO of $0.29 per share a year ago.

NETSTREIT (NTST) Surpasses Q4 FFO and Revenue Estimates

DALLAS--(BUSINESS WIRE)--NETSTREIT Corp. (NYSE: NTST) (the “Company”) today announced financial and operating results for the fourth quarter and year ended December 31, 2023. “We're proud of our strong execution and performance in 2023, completing $481 million of gross investment activity and growing our 2023 AFFO per diluted share by 5% from prior year. With the completion of our January forward equity offering, NETSTREIT is well capitalized to take advantage of attractive investment opportuni.

NETSTREIT Reports Fourth Quarter and Full Year 2023 Financial and Operating Results

NETSTREIT is a conservative REIT with a strong portfolio and 100% occupancy and rent collection. The company focuses on necessity-based sectors and has a high diversification with long and qualitative leases. The valuation of NETSTREIT suggests a potential upside of double-digit returns, making it an attractive investment option.

NETSTREIT Is Still Buyable, Even Beyond Trough

Dollar General

Extra Space Storage

Public Storage

We highlight 2 such opportunities that we are buying.

2 REITs All Investors Should Own

DALLAS--(BUSINESS WIRE)--NETSTREIT Corp. Announces Dates for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call.

NETSTREIT Corp. Announces Dates for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

DALLAS--(BUSINESS WIRE)--NETSTREIT Corp. (the “Company”) announced today that it has closed its previously announced public offering of 11,040,000 shares of its common stock, which includes the full exercise of the underwriters' option to purchase additional shares, at a public offering price of $18.00 per share in connection with the forward sale agreements described below. Wells Fargo Securities and BofA Securities acted as the book-running managers and representatives of the underwriters for.

NETSTREIT Corp. Announces Closing of Forward Common Stock Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares

DALLAS--(BUSINESS WIRE)--NETSTREIT Corp. (the “Company”) announced today that it has priced a public offering of 9,600,000 shares of its common stock at a public offering price of $18.00 per share in connection with the forward sale agreements described below. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,440,000 shares of common stock. The offering is expected to close on January 12, 2024, subject to customary closing conditions. Wells Fargo Securit.

NETSTREIT Corp. Announces Pricing of Upsized Forward Common Stock Offering

DALLAS--(BUSINESS WIRE)--NETSTREIT Corp. (the “Company”) announced today that it has commenced a public offering of 8,000,000 shares of its common stock in connection with the forward sale agreements described below, which is subject to market and other conditions. In connection with the offering, the Company also intends to grant the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock. Wells Fargo Securities and BofA Securities are acting as joint book.

NETSTREIT Corp. Announces Launch of Public Offering of Common Stock

DALLAS--(BUSINESS WIRE)--NETSTREIT Corp. (NYSE: NTST) (the “Company”) today provided an update on the Company's fourth quarter and full year 2023 business activities. “With the Company completing $431.0 million of net investment activity in 2023, we were pleased to meet our investment objectives for the year and maintain our focus on owning high quality net lease properties leased to tenants with exceptional credit profiles. Coupled with the $76.7 million of equity raised during the fourth quar.

NETSTREIT Provides Fourth Quarter and Full Year 2023 Business Update

Netstreit is a small-cap net lease REIT with a diverse portfolio of single-tenant retail assets. The company owns over 500 properties in 45 states, with more than two-thirds of annual base rent derived from investment-grade tenants. Netstreit's growth strategy, high-quality portfolio, and lack of refinancing obligations make it stand out in the crowded net lease REIT space.

Netstreit: 3 Reasons To Buy This REIT As Real Estate Rebounds

Some of the most reliable indicators show that the S&P 500 index is overvalued, with much of the excitement concentrated in a few stocks. Real estate, particularly companies like Realty Income and NETSTREIT, has not been favored due to the increase in global interest rates but looks more reasonably valued. NETSTREIT is compared to Realty Income, with one currently looking more attractive.

The Reasons We Prefer Netstreit Over Realty Income

Artisan Partners Asset Management

DHT Holdings

Hess Midstream Partners

Innovative Industrial Properties

LyondellBasell Industries

Medifast

Manulife Financial

Altria

ONEOK

Philip Morris

Southern Copper

Western Union

Dividend growth stocks can provide reliable cash flows and long-term wealth to income investors. In this monthly publication, we screen dividend stocks based on safety, growth, and consistency, which are important for income investors. The five dividend stocks we are touching on today are Altria, Philip Morris International, Manulife Financial Corp., LyondellBasell Industries N.V., and NETSTREIT Corp.

News for NETSTREIT Corp Stock (NTST)