-1.03%
2.33%
-6.58%
-12.08%
-20.31%
-35.93%
-18.42%
AI Spotlight on NTST
Company Description
NETSTREIT is an internally managed Real Estate Investment Trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide.The growing portfolio consists of high-quality properties leased to e-commerce resistant tenants with healthy balance sheets.Led by a management team of seasoned commercial real estate executives, NETSTREIT's strategy is to create the highest quality net lease retail portfolio in the country with the goal of generating consistent cash flows and dividends for its investors.
Market Data
| Last Price | 14.48 |
| Change Percentage | -1.03% |
| Open | 14.52 |
| Previous Close | 14.63 |
| Market Cap ( Millions) | 1181 |
| Volume | 1712070 |
| Year High | 18.97 |
| Year Low | 13.42 |
| M A 50 | 14.85 |
| M A 200 | 16.16 |
Financial Ratios
| FCF Yield | 4.52% |
| Dividend Yield | 5.73% |
| ROE | -0.36% |
| Debt / Equity | 60.31% |
| Net Debt / EBIDTA | 754.66% |
| Price To Book | 0.84 |
| Price Earnings Ratio | -244.3 |
| Price To FCF | 22.1 |
| Price To sales | 7.7 |
| EV / EBITDA | 18.98 |
News
- Jan -20 - NETSTREIT: Undervalued, Underrated, And Ready To Perform
- Jan -16 - NETSTREIT Corp. Announces Dates for Fourth Quarter 2024 Earnings Release and Conference Call
- Jan -08 - Netstreit: High Quality Portfolio Trading Near New Lows
- Dec -28 - Dirt Cheap And Up To 6% Yield - 3 Dividend Picks You Can't Miss
- Dec -24 - 1 REIT To Sell And 1 Strong Buy
- Dec -19 - Buy The Dip: 2 REITs Getting Way Too Cheap
- Dec -18 - December's 5 Dividend Growth Stocks With 4.51%+ Yields
- Dec -18 - Up To 8% Yields: 2 Worry-Free Dividend Stocks For Durable Income
- Nov -12 - Netstreit: 2 Reasons Not To Buy This REIT As Real Estate Rebounds
- Nov -07 - 2 Overpriced REITs To Avoid And 1 Better Buy
- Nov -05 - NETSTREIT Corp. (NTST) Q3 2024 Earnings Call Transcript
- Nov -05 - NETSTREIT (NTST) Reports Q3 Earnings: What Key Metrics Have to Say
- Nov -05 - NETSTREIT (NTST) Meets Q3 FFO Estimates
- Nov -04 - NETSTREIT Reports Third Quarter 2024 Financial and Operating Results
- Oct -16 - U.S. REITs Log Dip In Short Interest In September
- Oct -07 - NETSTREIT Corp. Announces Dates for Third Quarter 2024 Earnings Release and Conference Call
- Sep -29 - Animal Spirits Awaken
- Sep -27 - REITs Are Back! 3 Gems To Buy Before Everyone Else Does
- Sep -21 - NETSTREIT: A Solid Dividend And Significant Undervaluation
- Sep -18 - Buried Treasures:Β 11 Dramatically Undervalued REITs
Business Breakdown
Expected Mid-Term Growth
Segment nΒ°1 -> Fixed Lease
Expected Growth : 14 %
What the company do ?
Fixed Lease from NETSTREIT Corp. is a long-term lease agreement with a fixed rent, providing predictable cash flows and stable returns for investors.
Why we expect these perspectives ?
NETSTREIT Corp.'s 14% fixed lease growth is driven by increasing demand for retail properties, strategic acquisitions, and a strong tenant base. Additionally, the company's focus on long-term leases and rent escalations provides a stable source of revenue, contributing to its growth momentum.
Segment nΒ°2 -> Variable Lease
Expected Growth : 15 %
What the company do ?
Variable Lease from NETSTREIT Corp. allows tenants to adjust lease terms, providing flexibility in rent and lease duration, aligning with changing business needs.
Why we expect these perspectives ?
NETSTREIT Corp.'s 15% growth in Variable Lease is driven by increasing demand for retail space, strategic acquisitions, and expansion into high-growth markets. Additionally, the company's focus on omni-channel retailing, experiential retail, and e-commerce integration has contributed to the growth. Furthermore, the company's ability to negotiate favorable lease terms and its strong relationships with tenants have also supported the growth.
Segment nΒ°3 -> Interest Income on Loans Receivable
Expected Growth : 17 %
What the company do ?
Interest Income on Loans Receivable from NETSTREIT Corp. refers to the earnings generated from loans extended to NETSTREIT Corp., a real estate investment trust.
Why we expect these perspectives ?
The 17% growth in Interest Income on Loans Receivable from NETSTREIT Corp. is driven by increasing loan origination volumes, rising interest rates, and a growing portfolio of high-yielding loans. Additionally, effective credit risk management and a stable credit quality of the borrower base contribute to the growth.
Segment nΒ°4 -> Above/below Market Lease Amortization, Net
Expected Growth : 13 %
What the company do ?
Above/below Market Lease Amortization, Net from NETSTREIT Corp. refers to the non-cash amortization expense/revenue resulting from the difference between the lease's contractual rent and its fair market value.
Why we expect these perspectives ?
NETSTREIT Corp's 13% growth in Above/Below Market Lease Amortization, Net is driven by strategic acquisitions, increasing occupancy rates, and rent growth. Additionally, the company's focus on high-quality, necessity-based retail properties and its ability to negotiate favorable lease terms with tenants have contributed to this growth.
Segment nΒ°5 -> Lease Incentives
Expected Growth : 12 %
What the company do ?
Lease Incentives from NETSTREIT Corp. offer rent discounts or concessions to tenants, such as free rent periods, to encourage lease agreements.
Why we expect these perspectives ?
NETSTREIT Corp.'s 12% growth in Lease Incentives is driven by increasing demand for retail properties, strategic acquisitions, and effective rent growth management. Additionally, the company's focus on high-quality tenants and long-term leases contributes to the growth. Furthermore, the company's ability to negotiate favorable lease terms and its strong relationships with tenants also support the growth.
Segment nΒ°6 -> Other
Expected Growth : 15 %
What the company do ?
The 'Other' segment from NETSTREIT Corp. refers to non-core assets, including land, development projects, and other non-income producing properties.
Why we expect these perspectives ?
NETSTREIT Corp's 15% growth is driven by increasing demand for net lease properties, strategic acquisitions, and expansion into new markets. Additionally, the company's focus on diversifying its tenant base and improving operational efficiency have contributed to its growth momentum.
Netstreit Corp. Products
| Product Range | What is it ? |
|---|---|
| Net Lease Properties | NETSTREIT Corp. owns and operates a diversified portfolio of net lease properties, providing long-term, triple-net leases to high-quality tenants across various industries. |
| Retail Properties | NETSTREIT Corp. owns and operates a portfolio of retail properties, including freestanding stores, shopping centers, and restaurants, leased to well-established retailers and restaurateurs. |
| Office Properties | NETSTREIT Corp. owns and operates a portfolio of office properties, including single-tenant and multi-tenant buildings, leased to a diverse range of tenants across various industries. |
| Industrial Properties | NETSTREIT Corp. owns and operates a portfolio of industrial properties, including warehouses, distribution centers, and manufacturing facilities, leased to a diverse range of tenants across various industries. |
NETSTREIT Corp.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for NETSTREIT Corp. is medium due to the availability of alternative real estate investment trusts (REITs) and other investment options.
Bargaining Power Of Customers
The bargaining power of customers for NETSTREIT Corp. is low due to the fragmented nature of the customer base and the lack of concentration of customers.
Bargaining Power Of Suppliers
The bargaining power of suppliers for NETSTREIT Corp. is medium due to the presence of multiple suppliers and the company's ability to negotiate prices.
Threat Of New Entrants
The threat of new entrants for NETSTREIT Corp. is high due to the relatively low barriers to entry in the REIT industry and the attractiveness of the industry.
Intensity Of Rivalry
The intensity of rivalry for NETSTREIT Corp. is high due to the high level of competition in the REIT industry and the presence of multiple competitors.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 33.61% |
| Debt Cost | 3.95% |
| Equity Weight | 66.39% |
| Equity Cost | 8.77% |
| WACC | 7.15% |
| Leverage | 50.62% |
NETSTREIT Corp. : Quality Control
NETSTREIT Corp. passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| GTY | Getty Realty Corp. is the leading publicly traded real estate investment trust in the United States specializing in the ownership, leasing and financing of convenience store and gasoline station properties. β¦ |
| WSR | Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops and redevelops high-quality open-air neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. β¦ |
| ROIC | Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely β¦ |
| BFS | Saul Centers, Inc. is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 50 community β¦ |
| AKR | Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Β Core Portfolio and Fund Β operating platforms and its disciplined, β¦ |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
π₯
Getty Realty
A-Score
1-Year Total Return ->
π₯
Saul Centers
A-Score
1-Year Total Return ->
π₯
NETSTREIT
A-Score
1-Year Total Return ->
4
Whitestone REIT
A-Score
1-Year Total Return ->
5
Retail Opportunity Investments
A-Score
1-Year Total Return ->
6
