Cash flow NETSTREIT Corp.

Stocks

NTST

US64119V3033

Commercial REITs

Market Closed - NYSE 00:00:03 12/09/2026 +04			5-day change	1st Jan Change
19.64 ^USD	-0.46%		-2.24%	+11.34%

09-04	NETSTREIT Corp. Announces Management Changes, Effective September 1, 2026	CI
07-27	BofA Securities Adjusts NETSTREIT Price Target to $23 From $22	MT

07221fcc4b180f8e06e.8mwbefJYMMnCwSdXepk1iX7TZr4Xa4NKmIa9J_6OhaI.uztIKpEXdIeI81AyKfwM6Ca6MdllCcES_faEYqHC6JCrI00BnTBohaulag

Published financial data: NETSTREIT CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Rental Revenues	59.14M	93.93M	124M	151M	182M
Interest and Investment Income, Total (Revenue Block)	-	2.34M	7.39M	11.56M	12.62M
Other Revenues, Total	-	-	-	400K	245K
Total Revenues	59.14M	96.28M	131M	163M	195M
Property Expenses	6.5M	12.53M	16.87M	17.78M	19.43M
Selling General & Admin Expenses, Total	14.81M	18.2M	19.81M	19.72M	21.72M
Depreciation & Amortization - (IS) - (Collected)	30.81M	50.08M	63.68M	76.87M	86.38M
Total Operating Expenses	52.12M	80.81M	100M	114M	128M
Operating Income (REIT / Utility Template)	7.02M	15.46M	31M	48.41M	67.48M
Interest Expense, Total	-3.7M	-9.18M	-19.06M	-30.32M	-51.3M
Interest and Investment Income	-	-	700K	-	-
Net Interest Expenses	-3.7M	-9.18M	-18.36M	-30.32M	-51.3M
Other Non Operating Income (Expenses)	31K	231K	52K	1.26M	444K
EBT, Excl. Unusual Items	3.35M	6.52M	12.69M	19.34M	16.62M
Gain (Loss) on Sale of Assets	3M	4.15M	1.18M	1.88M	7.69M
Asset Writedown	-3.54M	-1.11M	-7.08M	-29.97M	-17.27M
Insurance Settlements	900K	-	-	-	-
Legal Settlements	-	-	550K	-	-
Other Unusual Items	-500K	-948K	-490K	-3.2M	-46K
EBT, Incl. Unusual Items	3.21M	8.6M	6.84M	-11.95M	6.99M
Income Tax Expense	59K	396K	-49K	49K	54K
Earnings From Continuing Operations	3.15M	8.2M	6.89M	-12M	6.94M
Net Income to Company	3.15M	8.2M	6.89M	-12M	6.94M
Minority Interest	-104K	-88K	-53K	63K	-37K
Net Income - (IS)	3.05M	8.12M	6.84M	-11.94M	6.9M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	3.05M	8.12M	6.84M	-11.94M	6.9M
Net Income to Common Excl. Extra Items	3.05M	8.12M	6.84M	-11.94M	6.9M
Per Share Items
Net EPS - Basic	0.08	0.16	0.11	-0.16	0.08
Basic EPS - Continuing Operations	0.08	0.16	0.11	-0.16	0.08
Basic Weighted Average Shares Outstanding	37M	49.52M	63.92M	76.52M	82.7M
Net EPS - Diluted	0.08	0.16	0.11	-0.16	0.08
Diluted EPS - Continuing Operations	0.08	0.16	0.11	-0.16	0.08
Diluted Weighted Average Shares Outstanding	38.67M	50.43M	64.67M	76.52M	84.2M
Normalized Basic EPS	0.05	0.08	0.12	0.16	0.13
Normalized Diluted EPS	0.05	0.08	0.12	0.16	0.12
Dividend Per Share	0.8	0.8	0.81	0.83	0.85
Payout Ratio	992.42	491.22	757.98	-536.62	1.02K
Supplemental Items
EBITDA	37.83M	63.83M	94.67M	125M	155M
EBITA	16.72M	29.91M	50.2M	69.71M	91.25M
EBIT	7.02M	15.46M	31M	48.41M	67.48M
EBITDAR	-	64.48M	95.52M	126M	156M
Total Revenues (As Reported)	-	96.28M	132M	163M	195M
Effective Tax Rate - (Ratio)	1.84	4.6	-0.72	-0.41	0.77
Normalized Net Income	1.99M	3.98M	7.88M	12.15M	10.35M
Interest Capitalized	100K	500K	1.1M	800K	200K
Interest on Long-Term Debt	3.6M	9.63M	22.24M	34.92M	48.6M
Supplemental Operating Expense Items
General and Administrative Expenses	14.81M	18.2M	19.81M	19.72M	21.72M
Net Rental Expense, Total	-	652K	848K	858K	859K
Imputed Operating Lease Interest Expense	-	136K	245K	286K	356K
Imputed Operating Lease Depreciation	-	516K	603K	572K	503K
Stock-Based Comp., G&A Exp. (Total)	3.7M	4.76M	4.82M	5.66M	5.9M
Total Stock-Based Compensation	3.7M	4.76M	4.82M	5.66M	5.9M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Gross Property Plant And Equipment	951M	1.33B	1.65B	1.98B	2.37B
Accumulated Depreciation	-30.67M	-62.53M	-101M	-143M	-189M
Net Property Plant And Equipment	920M	1.27B	1.54B	1.84B	2.18B
Total Real Estate Assets	920M	1.27B	1.54B	1.84B	2.18B
Cash And Equivalents	7.6M	65.84M	18.43M	6.42M	14.37M
Accounts Receivable, Total	5.06M	12.8M	17.82M	21.6M	26.27M
Other Receivables	-	256K	1.4M	3.03M	3.96M
Other Intangibles, Total	125M	151M	161M	164M	173M
Mortgage Loans	-	46.38M	114M	139M	142M
Restricted Cash	-	4.7M	11.5M	7.9M	100K
Other Current Assets, Total	4.42M	27.26M	54.29M	51.3M	50.74M
Trading Asset Securities, Total	4.31M	24.07M	14.44M	16.43M	5.57M
Deferred Charges Long-Term	1.41M	3.48M	3.76M	2.84M	7.83M
Other Long-Term Assets, Total	1M	1.2M	4.5M	6.76M	5.42M
Total Assets	1.07B	1.61B	1.95B	2.26B	2.61B
Liabilities
Current Portion of Long-Term Debt	-	155K	3.24M	174K	7.03M
Current Portion of Leases	156K	533K	617K	636K	653K
Long-Term Debt	238M	494M	610M	869M	1.1B
Long-Term Leases	5.29M	4.93M	4.49M	4.01M	3.5M
Accounts Payable, Total	419K	1.39M	4.69M	3.05M	1.22M
Accrued Expenses, Total	8M	8.83M	14.32M	9.71M	15.93M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	2.22M	3.45M	3.96M	4.47M	3.38M
Unearned Revenue Non Current	1.92M	2.94M	7.15M	10.39M	11.76M
Other Non Current Liabilities	22.3M	31M	24.71M	19.48M	17.18M
Total Liabilities	279M	547M	673M	921M	1.16B
Common Stock, Total	442K	580K	732K	816K	931K
Additional Paid In Capital	810M	1.09B	1.37B	1.51B	1.7B
Retained Earnings	-	-	-	-	-
Distributions In Excess Of Earnings	-35.12M	-66.94M	-112M	-188M	-252M
Comprehensive Income and Other	4.12M	23.67M	8.94M	10.21M	-4.56M
Total Common Equity	779M	1.05B	1.26B	1.33B	1.45B
Minority Interest	10.64M	9.59M	8.53M	7.16M	6.55M
Total Equity	790M	1.06B	1.27B	1.34B	1.45B
Total Liabilities And Equity	1.07B	1.61B	1.95B	2.26B	2.61B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	44.24M	58.03M	73.22M	81.66M	97.07M
ECS Total Common Shares Outstanding	44.22M	58.03M	73.21M	81.6M	93.07M
Book Value / Share	17.62	18.07	17.28	16.31	15.54
Tangible Book Value	654M	898M	1.1B	1.17B	1.27B
Tangible Book Value Per Share	14.8	15.47	15.07	14.3	13.67
Total Debt	244M	500M	618M	874M	1.11B
Net Debt	232M	410M	585M	851M	1.09B
Debt Equivalent Oper. Leases	-	5.22M	6.78M	6.86M	6.87M
Minority Interest, Total (Incl. Fin. Div)	10.64M	9.59M	8.53M	7.16M	6.55M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	300M	401M	461M	571M	772M
Buildings, Total	626M	907M	1.15B	1.4B	1.59B
Full Time Employees	23	30	28	22	29

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	3.05M	8.12M	6.84M	-11.94M	6.9M
Depreciation, Depletion & Amortization	21.1M	33.92M	44.47M	55.57M	63.61M
Amortization of Goodwill and Intangible Assets - (CF)	9.7M	14.44M	19.2M	21.3M	23.77M
Total Depreciation, Depletion & Amortization	30.81M	48.36M	63.68M	76.87M	87.38M
Amortization of Deferred Charges, Total	627K	862K	1.73M	2.23M	3.14M
(Gain) Loss On Sale of Asset - (CF)	-3M	-4.15M	-1.18M	-1.88M	-7.69M
(Gain) Loss on Sale of Investments - (CF)	-	-	-2.12M	-3.79M	2.86M
Total Asset Writedown	3.54M	1.4M	7.08M	29.97M	17.27M
Stock-Based Compensation (CF)	3.7M	4.76M	4.82M	5.66M	5.9M
Change in Accounts Payable	1.74M	1.22M	3.7M	-946K	494K
Change in Other Net Operating Assets (Collected)	-6.88M	-8.87M	-2.98M	-2.87M	-769K
Other Operating Activities	-2.1M	-1.04M	-1.42M	-3.15M	-5.97M
Cash from Operations	31.48M	50.65M	80.16M	90.16M	110M
Acquisition of Real Estate Assets, Total	-462M	-448M	-419M	-519M	-608M
Sale of Real Estate Assets, Total	31.12M	25.52M	38.46M	90.84M	161M
Net Sale / Acquisition of Real Estate Assets	-431M	-423M	-381M	-429M	-447M
Cash Acquisitions	-	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-46.47M	-70.95M	-4.67M	4.31M
Other Investing Activities, Total	709K	994K	-187K	336K	-6.23M
Cash from Investing	-430M	-468M	-452M	-433M	-449M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	150M	715M	511M	492M	868M
Total Debt Issued	150M	715M	511M	492M	868M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-86M	-466M	-394M	-233M	-632M
Total Debt Repaid	-86M	-466M	-394M	-233M	-632M
Issuance of Common Stock	283M	296M	281M	138M	197M
Repurchase of Common Stock	-504K	-1.48M	-688K	-1.5M	-753K
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-30.23M	-39.87M	-51.82M	-64.06M	-70.51M
Preferred Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-30.23M	-39.87M	-51.82M	-64.06M	-70.51M
Other Financing Activities, Total	-2.8M	-23.11M	-14.08M	-4.52M	-21.89M
Cash from Financing	314M	481M	331M	327M	339M
Net Change in Cash	-85.04M	62.94M	-40.61M	-15.61M	147K
Supplemental Items
Cash Interest Paid	2.99M	7.22M	18.34M	30.3M	44.03M
Cash Income Tax Paid (Refund)	-	129K	628K	-31K	-64K
Net Debt Issued / Repaid	64M	249M	117M	259M	236M
Levered Free Cash Flow	66.21M	26.08M	50M	94.29M	115M
Unlevered Free Cash Flow	67.89M	30.96M	60.18M	111M	144M
Change In Net Working Capital	-29.73M	30.62M	27.65M	1.76M	-8.63M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	0.49	0.72	1.09	1.44	1.73
Return on Total Capital	0.51	0.75	1.12	1.47	1.77
Return On Equity %	0.48	0.89	0.59	-0.92	0.5
Return on Common Equity	0.48	0.89	0.59	-0.92	0.5
Margin Analysis
Gross Profit Margin %	89	86.98	87.16	89.08	90.04
SG&A Margin	25.04	18.91	15.08	12.12	11.14
EBITDA Margin %	63.96	66.3	72.07	76.96	79.41
EBITA Margin %	28.28	31.06	38.22	42.82	46.79
EBIT Margin %	11.87	16.06	23.6	29.74	34.6
Income From Continuing Operations Margin %	5.33	8.52	5.25	-7.37	3.56
Net Income Margin %	5.15	8.43	5.2	-7.33	3.54
Net Avail. For Common Margin %	5.15	8.43	5.2	-7.33	3.54
Normalized Net Income Margin	3.37	4.14	6	7.46	5.31
Levered Free Cash Flow Margin	111.95	27.09	38.07	57.92	59.02
Unlevered Free Cash Flow Margin	114.8	32.15	45.82	68.2	73.86
Asset Turnover
Asset Turnover	0.07	0.07	0.07	0.08	0.08
Fixed Assets Turnover	0.08	0.09	0.09	0.1	0.1
Receivables Turnover (Average Receivables)	14.86	10.52	8.1	7.65	7.61
Short Term Liquidity
Current Ratio	1.98	9.4	4.39	5.91	3.58
Quick Ratio	1.57	7.17	1.94	2.63	1.78
Operating Cash Flow to Current Liabilities	2.92	3.53	2.99	5	3.88
Days Sales Outstanding (Average Receivables)	24.56	34.7	45.07	47.83	47.96
Average Days Payable Outstanding	37.47	26.4	65.83	79.7	40.12
Long Term Solvency
Total Debt/Equity	30.86	47.21	48.53	65.32	76.56
Total Debt / Total Capital	23.58	32.07	32.67	39.51	43.36
LT Debt/Equity	30.84	47.14	48.23	65.26	76.04
Long-Term Debt / Total Capital	23.57	32.02	32.47	39.48	43.06
Total Liabilities / Total Assets	26.08	34.08	34.57	40.77	44.44
EBIT / Interest Expense	1.9	1.68	1.63	1.6	1.32
EBITDA / Interest Expense	10.22	7.02	5.01	4.16	3.04
(EBITDA - Capex) / Interest Expense	10.03	6.89	5.01	4.16	3.03
Total Debt / EBITDA	6.44	7.75	6.47	6.93	7.14
Net Debt / EBITDA	6.13	6.35	6.13	6.75	7.01
Total Debt / (EBITDA - Capex)	6.57	7.9	6.47	6.93	7.14
Net Debt / (EBITDA - Capex)	6.25	6.48	6.13	6.75	7.02
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	75.35	62.8	36.43	23.41	19.79
Gross Profit, 1 Yr. Growth %	88.06	59.1	36.71	26.05	21.08
EBITDA, 1 Yr. Growth %	127.2	73.8	45.07	32.07	22.42
EBITA, 1 Yr. Growth %	182.55	91.43	60.19	38.36	28.65
EBIT, 1 Yr. Growth %	489.92	120.3	100.42	55.24	39.39
Earnings From Cont. Operations, 1 Yr. Growth %	1.39K	160.48	-16.03	-274.17	-157.82
Net Income, 1 Yr. Growth %	317.26	166.48	-15.77	-274.59	-157.81
Diluted EPS Before Extra, 1 Yr. Growth %	895.76	100	-34.51	-247.19	-152.54
Normalized Net Income, 1 Yr. Growth %	-216.56	100.16	100.89	51.99	-14.82
Net Property, Plant and Equip., 1 Yr. Growth %	71.09	37.92	21.72	19.1	18.74
Accounts Receivable, 1 Yr. Growth %	74.86	152.69	39.25	21.22	21.61
Total Assets, 1 Yr. Growth %	47.21	50.28	21.21	16.09	15.71
Common Equity, 1 Yr. Growth %	57.7	34.61	20.6	5.22	8.64
Tangible Book Value, 1 Yr. Growth %	56.15	37.2	22.91	5.71	9.09
Cash From Operations, 1 Yr. Growth %	146.91	60.9	58.26	12.49	21.46
Capital Expenditures, 1 Yr. Growth %	1.34K	65.03	-97.1	-77.14	550
Levered Free Cash Flow, 1 Yr. Growth %	-1.83K	-58.76	104.34	99.27	23.84
Unlevered Free Cash Flow, 1 Yr. Growth %	-4.65K	-52.32	105.08	93.07	31.33
Dividend Per Share, 1 Yr. Growth %	166.67	0	1.25	2.47	2.41
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	70.61	68.96	49.03	30.03	21.59
Gross Profit, 2 Yr. CAGR %	68.15	72.98	47.48	31.59	23.54
EBITDA, 2 Yr. CAGR %	58.74	100.66	58.82	39.46	26.84
EBITA, 2 Yr. CAGR %	60.53	141.62	74.79	51.21	32.74
EBIT, 2 Yr. CAGR %	26.38	260.5	110.12	81.99	47.1
Earnings From Cont. Operations, 2 Yr. CAGR %	-37.37	522.12	47.9	20.93	0.35
Net Income, 2 Yr. CAGR %	-38.46	233.45	49.82	21.27	0.47
Diluted EPS Before Extra, 2 Yr. CAGR %	403.23	346.27	14.37	-1.82	-12.06
Normalized Net Income, 2 Yr. CAGR %	-30.07	52.74	87.52	89.29	13.78
Net Property, Plant and Equip., 2 Yr. CAGR %	102.68	53.61	29.57	20.4	18.92
Accounts Receivable, 2 Yr. CAGR %	181.29	110.2	87.58	29.92	21.42
Total Assets, 2 Yr. CAGR %	56.92	48.74	34.97	18.62	15.9
Common Equity, 2 Yr. CAGR %	117.62	45.7	27.41	12.65	6.92
Tangible Book Value, 2 Yr. CAGR %	119.61	46.37	29.86	13.99	7.39
Cash From Operations, 2 Yr. CAGR %	127.57	99.31	59.57	33.43	16.89
Capital Expenditures, 2 Yr. CAGR %	-	386.69	-78.13	-91.86	21.89
Levered Free Cash Flow, 2 Yr. CAGR %	7.22	137.3	-11.64	98.46	53.71
Unlevered Free Cash Flow, 2 Yr. CAGR %	3.52	267.73	-4.32	96.27	56.38
Dividend Per Share, 2 Yr. CAGR %	-	63.3	0.62	1.86	2.44
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	35.39	67.96	57.33	40.14	26.52
Gross Profit, 3 Yr. CAGR %	33.55	65.08	59.93	40.18	27.99
EBITDA, 3 Yr. CAGR %	27.37	62	81.43	49.45	33.97
EBITA, 3 Yr. CAGR %	28.01	66.41	113.99	61.89	44.11
EBIT, 3 Yr. CAGR %	8.97	52.1	196.42	90.34	66.51
Earnings From Cont. Operations, 3 Yr. CAGR %	-46.26	0.72	219.13	56.18	-5.44
Net Income, 3 Yr. CAGR %	-46.86	0.3	110.79	57.66	-5.27
Diluted EPS Before Extra, 3 Yr. CAGR %	-	269.99	136.7	24.4	-20.29
Normalized Net Income, 3 Yr. CAGR %	-17.05	-0.71	66.47	75.7	45.05
Net Property, Plant and Equip., 3 Yr. CAGR %	56.98	78.27	42.15	25.98	19.85
Accounts Receivable, 3 Yr. CAGR %	33.3	171.41	83.24	62.17	27.09
Total Assets, 3 Yr. CAGR %	47.48	54.67	38.93	28.35	17.64
Common Equity, 3 Yr. CAGR %	111.17	85.42	36.8	19.54	11.3
Tangible Book Value, 3 Yr. CAGR %	135.71	87.74	38.09	21.25	12.33
Cash From Operations, 3 Yr. CAGR %	52.35	102.74	84.57	42.02	29.31
Capital Expenditures, 3 Yr. CAGR %	-	-	-11.79	-77.81	-64.95
Levered Free Cash Flow, 3 Yr. CAGR %	-	-23.21	121.02	13.76	68.78
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-21.24	197.35	19.08	70.98
Dividend Per Share, 3 Yr. CAGR %	-	-	39.25	1.23	2.04
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	40.69	51.62	42.04
Gross Profit, 5 Yr. CAGR %	-	-	38.96	50.76	44.38
EBITDA, 5 Yr. CAGR %	-	-	38.91	52.86	57.75
EBITA, 5 Yr. CAGR %	-	-	44.48	60.77	77.89
EBIT, 5 Yr. CAGR %	-	-	41.7	61.58	124.25
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-19.43	8.37	100.9
Net Income, 5 Yr. CAGR %	-	-	-19.56	8.21	56.72
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	118.36	59.29
Normalized Net Income, 5 Yr. CAGR %	-	-	17.7	24.45	43.39
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	45.38	52.37	32.36
Accounts Receivable, 5 Yr. CAGR %	-	-	52.82	102.14	55.43
Total Assets, 5 Yr. CAGR %	-	-	42.34	39.1	29.21
Common Equity, 5 Yr. CAGR %	-	-	72.53	51.91	23.96
Tangible Book Value, 5 Yr. CAGR %	-	-	85.7	53.77	24.88
Cash From Operations, 5 Yr. CAGR %	-	-	55.2	71.5	53.74
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	0.39
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	10.36	90.14
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	11.87	128.96
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	23.16