Netstreit Corp
NYSE:NTST
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%.
Valuation Backtest
Netstreit Corp
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Fundamental Analysis
NETSTREIT Navigates Challenges, Upholds Growth
2023-Q4 Earnings Call
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.
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 |
Earnings Waterfall
Netstreit Corp
Revenue
|
131.9m
USD
|
Cost of Revenue
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-16.4m
USD
|
Gross Profit
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115.5m
USD
|
Operating Expenses
|
-83.9m
USD
|
Operating Income
|
31.6m
USD
|
Other Expenses
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-24.8m
USD
|
Net Income
|
6.8m
USD
|
Free Cash Flow Analysis
Netstreit Corp
What is Free Cash Flow?
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.
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.
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
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.
Ownership
NTST Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
NTST Price
Netstreit Corp
Average Annual Return | 6.04% |
Standard Deviation of Annual Returns | 20.67% |
Max Drawdown | -45% |
Market Capitalization | 1.3B USD |
Shares Outstanding | 73 220 000 |
Percentage of Shares Shorted | 24.56% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
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%.