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NETSTREIT Corp. is an internally managed real estate investment trust 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. NETSTREIT Corp. was incorporated in 2019 in Maryland, USA.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $181M | $141M | $7M | $109M | 0.5% | 20.9% | -157.8% |
| 2024 | $150M | $98M | $-12M | $90M | -0.9% | 21.8% | -274.6% |
| 2023 | $123M | $91M | $7M | $80M | 0.5% | 33.1% | -15.8% |
| 2022 | $93M | $67M | $8M | $49M | 0.8% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 181.38 |
| Operating Revenue | 181.98 |
| Cost Of Revenue | 18.20 |
| Gross Profit | 163.17 |
| Operating Expense | 108.10 |
| Selling General And Administration | 21.72 |
| Total Expenses | 126.30 |
| Operating Income | 55.07 |
| EBITDA | 140.58 |
| Normalized EBITDA | 153.28 |
| EBIT | 54.20 |
| Interest Income | 12.62 |
| Interest Expense | 47.21 |
| Net Interest Income | -35.82 |
| Other Non Operating Income Expenses | 0.44 |
| Other Income Expense | -12.26 |
| Interest Income Non Operating | 12.62 |
| Interest Expense Non Operating | 47.21 |
| Net Non Operating Interest Income Expense | -35.82 |
| Pretax Income | 6.99 |
| Tax Provision | 0.05 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -0.10 |
| Net Income Continuous Operations | 6.94 |
| Net Income From Continuing And Discontinued Operation | 6.90 |
| Net Income From Continuing Operation Net Minority Interest | 6.90 |
| Net Income | 6.90 |
| Net Income Common Stockholders | 6.90 |
| Net Income Including Noncontrolling Interests | 6.94 |
| Normalized Income | 19.51 |
| Diluted NI Availto Com Stockholders | 6.94 |
| Basic Average Shares | 82.70 |
| Diluted Average Shares | 84.20 |
| Reconciled Depreciation | 86.38 |
| Reconciled Cost Of Revenue | 18.20 |
| Total Unusual Items | -12.70 |
| Total Unusual Items Excluding Goodwill | -12.70 |
| Minority Interests | -0.04 |
| Special Income Charges | -17.53 |
| Other Special Charges | 0.05 |
| Write Off | 17.27 |
| Impairment Of Capital Assets | - |
| Restructuring And Mergern Acquisition | 0.22 |
| Gain On Sale Of Security | 4.83 |
| Depreciation Amortization Depletion Income Statement | 86.38 |
| Depreciation And Amortization In Income Statement | 86.38 |
| General And Administrative Expense | 21.72 |
| Other Gand A | 21.72 |
| Total Other Finance Cost | 1.23 |
| Average Dilution Earnings | 0.04 |
| Amortization | 23.20 |
| Amortization Of Intangibles Income Statement | 23.20 |
| Depreciation Income Statement | 63.18 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| NETSTREIT Corp.this co. | NTST | $1.9B | 276.42↑ premium | 1.32 | 0.5% | 21.45 |
| Diversified Healthcare Trust | DHC | $2.1B | -7.28 | 1.25 | -17.2% | 30.06 |
| Veris Residential, Inc. | VRE | $1.9B | 25.83 | 1.69 | 6.5% | 13.17 |
| Pebblebrook Hotel Trust | PEB | $1.9B | -29.01 | 0.77 | -2.7% | 15.31 |
| American Assets Trust, Inc. | AAT | $1.9B |
| - |
| - |
| - |
| - |
| 25.93 |
| 1.61 |
| 6.2% |
| 12.35 |
| Xenia Hotels & Resorts, Inc. | XHR | $1.8B | 28.34 | 1.58 | 5.6% | 10.77 |
| LTC Properties, Inc. | LTC | $1.8B | 15.12 | 1.66 | 11.0% | 13.24 |
| SmartStop Self Storage REIT, Inc. | SMA | $1.7B | -1100.86 | 1.44 | -0.1% | 20.61 |
| Ellington Financial Inc. | EFC | $1.7B | 14.28 | 0.92 | 6.5% | - |
| Peer Median | - | 14.70 | 1.51 | 5.9% | 13.24 | |