First Time Loading...

Netstreit Corp
NYSE:NTST

Watchlist Manager
Netstreit Corp Logo
Netstreit Corp
NYSE:NTST
Watchlist
Price: 18.37 USD 1.55% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

NetSTREIT Corp. is an internally managed Real Estate Investment Trust that specializes in acquiring single-tenant net lease retail properties nationwide. [ Read More ]

The intrinsic value of one NTST stock under the Base Case scenario is 18.7 USD. Compared to the current market price of 18.37 USD, Netstreit Corp is Undervalued by 2%.

Key Points:
NTST Intrinsic Value
Base Case
18.7 USD
Undervaluation 2%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Netstreit Corp

Backtest NTST Intrinsic Value
Dive into the past to invest in the future

Run backtest to discover the historical profit from buying and selling NTST stocks based on their intrinsic value.

Analyze the historical link between intrinsic value and market price to make more informed investment decisions.

Run Backtest
Settings
Valuation Methods
Buy/Sell Thresholds
Buy When:
%
Sell When:
%
B
S
Run Backtest
How does it work?

Fundamental Analysis

NETSTREIT Navigates Challenges, Upholds Growth
2023-Q4 Earnings Call

NETSTREIT Navigates Challenges, Upholds Growth

NETSTREIT Corporation, in a resilient display amid market turbulence, raised $191 million of net proceeds through equity offerings to support its 2024 growth plans and maintain leverage within its 4.5x to 5.5x target range. The tactical acquisitions in the volatile environment of 2023 allowed the company to grow its investment-grade tenant base to a record 70.5% and expand its portfolio ABR by 33% to $131.9 million. With a firm grip on costs, G&A expenses fell by 5.5% sequentially, underscoring the company's scalability and operational efficiency. NETSTREIT reaffirmed its 2024 guidance for AFFO per share to be $1.24 to $1.28 and expects its cash G&A expenses to remain between $13.5 million and $14.5 million. The company also maintains an enviable dividend status, declaring a $0.205 per share quarterly cash dividend payable soon, with a conservative payout ratio of 66% for the last quarter.

Financials

Balance Sheet Decomposition
Netstreit Corp

Current Assets 163.6m
Cash & Short-Term Investments 29.9m
Receivables 133.7m
Non-Current Assets 1.8B
PP&E 1.5B
Intangibles 161.4m
Other Non-Current Assets 77m
Current Liabilities 24.1m
Accounts Payable 4.7m
Accrued Liabilities 19.4m
Non-Current Liabilities 657.2m
Long-Term Debt 609.8m
Other Non-Current Liabilities 47.4m
Efficiency

Earnings Waterfall
Netstreit Corp

Revenue
131.9m USD
Cost of Revenue
-16.4m USD
Gross Profit
115.5m USD
Operating Expenses
-83.9m USD
Operating Income
31.6m USD
Other Expenses
-24.8m USD
Net Income
6.8m USD

Free Cash Flow Analysis
Netstreit Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

NTST Profitability Score
Profitability Due Diligence

Netstreit Corp's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Years Revenue Growth
Positive Gross Profit
Exceptional 1-Year Revenue Growth
Positive Revenue Growth Forecast
50/100
Profitability
Score

Netstreit Corp's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

NTST Solvency Score
Solvency Due Diligence

Netstreit Corp's solvency score is 43/100. The higher the solvency score, the more solvent the company is.

Short-Term Solvency
Long-Term Solvency
Low D/E
Low Altman Z-Score
43/100
Solvency
Score

Netstreit Corp's solvency score is 43/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

NTST Price Targets Summary
Netstreit Corp

Wall Street analysts forecast NTST stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for NTST is 19.34 USD with a low forecast of 15.15 USD and a high forecast of 23.1 USD.

Lowest
Price Target
15.15 USD
18% Downside
Average
Price Target
19.34 USD
5% Upside
Highest
Price Target
23.1 USD
26% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

NTST Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

NTST Price
Netstreit Corp

1M 1M
+9%
6M 6M
+18%
1Y 1Y
+1%
3Y 3Y
+10%
5Y 5Y
+15%
10Y 10Y
+15%
Annual Price Range
18.37
52w Low
13.7
52w High
18.72
Price Metrics
Average Annual Return 6.04%
Standard Deviation of Annual Returns 20.67%
Max Drawdown -45%
Shares Statistics
Market Capitalization 1.3B USD
Shares Outstanding 73 220 000
Percentage of Shares Shorted 24.56%

NTST Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Netstreit Corp Logo
Netstreit Corp

Country

United States of America

Industry

Real Estate

Market Cap

1.3B USD

Dividend Yield

4.53%

Description

NetSTREIT Corp. is an internally managed Real Estate Investment Trust that specializes in acquiring single-tenant net lease retail properties nationwide. The company is headquartered in Dallas, Texas and currently employs 23 full-time employees. The company went IPO on 2020-08-13. The firm is structured as an umbrella partnership real estate investment trust (UPREIT). Its diversified portfolio consists of approximately 327 single-tenant retail net leased properties spanning 41 states, with 67 different tenants represented across 23 retail sectors. The firm 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, including home improvement, auto parts, drug stores and pharmacies, general retail, grocers, convenient stores, discount stores, and quick-service restaurants, which it refers to as defensive retail industries.

Contact

TEXAS
Dallas
2021 Mckinney Avenue, Suite 1150
+19722007100.0
https://netstreit.com/

IPO

2020-08-13

Employees

23

Officers

President, CEO, Secretary & Director
Mr. Mark Manheimer
CFO & Treasurer
Mr. Daniel Paul Donlan
Director of Human Resources & Operations
Ms. Shelley Howard
Senior VP & Chief Accounting Officer
Ms. Trish Patricia Marie McBratney-Gibbs CPA
Senior Associate of Investor Relations
Ms. Amy An
Senior Vice President of Acquisitions
Mr. Jeff Fuge
Show More
Senior Vice President of Finance
Mr. Randy L. Haugh
Senior Vice President of Credit & Underwriting
Mr. Chad Shafer
Show Less

See Also

Discover More
What is the Intrinsic Value of one NTST stock?

The intrinsic value of one NTST stock under the Base Case scenario is 18.7 USD.

Is NTST stock undervalued or overvalued?

Compared to the current market price of 18.37 USD, Netstreit Corp is Undervalued by 2%.