NTST - NETSTREIT Corp.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$22.25
DETAILS
HIGH:
$24.00
LOW:
$19.00
MEDIAN:
$22.00
CONSENSUS:
$22.25
UPSIDE:
8.91%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 195.0 | 162.8 | 131.9 | 96.3 | 59.1 | 33.7 | 20.3 | 23.8 |
| Cost of Revenue | 19.4 | 17.8 | 16.9 | 12.5 | 6.5 | 5.7 | 1.7 | 1.7 |
| Gross Profit | 175.6 | 145.0 | 115.0 | 83.7 | 52.6 | 28.0 | 18.6 | 22.1 |
| Operating Expenses | ||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 21.7 | 19.7 | 20.2 | 19.1 | 14.8 | 11.3 | 3.6 | 3.8 |
| Other Expenses | 86.4 | 76.9 | 63.7 | 50.1 | 30.8 | 19.8 | 15.1 | 18.3 |
| Operating Expenses | 108.1 | 96.6 | 83.9 | 69.1 | 45.6 | 31.2 | 18.7 | 22.1 |
| Operating Income | ||||||||
| Operating Income | 67.5 | 48.4 | 31.2 | 14.6 | 7.0 | (3.2) | (0.1) | 0 |
| Interest Expense | 57.3 | 48.5 | 35.6 | 12.3 | 3.5 | 4.7 | 10.9 | 11.0 |
| Interest Income | 12.6 | 11.6 | 7.4 | 2.3 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||
| EBITDA | 154.9 | 126.5 | 96.3 | 64.4 | 37.5 | 15.9 | 15.0 | 18.3 |
| EBIT | 67.5 | 48.4 | 31.2 | 14.6 | 7.0 | 1.2 | 4.4 | 5.4 |
| Income Before Tax | 7.0 | (12.0) | 6.8 | 8.6 | 3.2 | 0.2 | (8.0) | (20.3) |
| Income Tax Expense | 0.1 | 0.0 | (0.0) | 0.4 | 0.1 | 0 | 0 | 0 |
| Net Income | 6.9 | (11.9) | 6.8 | 8.1 | 3.0 | 0.7 | (8.0) | (20.3) |
| Per Share Data | ||||||||
| EPS (Basic) | 0.08 | -0.16 | 0.11 | 0.16 | 0.08 | 0.04 | -0.84 | -0.84 |
| EPS (Diluted) | 0.08 | -0.16 | 0.11 | 0.16 | 0.08 | 0.01 | -0.84 | -0.84 |
| Shares Outstanding | 82.7 | 76.5 | 63.9 | 49.5 | 37.0 | 17.3 | 24.3 | 24.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 14.5 | 14.3 | 29.9 | 65.8 | 7.6 | 92.6 | 169.3 | 1.2 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 172.7 | 164.0 | 133.7 | 59.4 | 5.1 | 2.9 | 0.6 | 2.1 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 47.8 | 49.2 | 52.9 | 28.1 | 2.9 | 15.4 | 8.5 | 59.0 |
| Total Current Assets | 237.9 | 229.7 | 217.9 | 157.2 | 17.1 | 111.3 | 179.6 | 62.3 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 4.3 | 4.9 | 5.6 | 6.2 | 6.2 | 0.0 | 0 | 237.8 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 173.4 | 164.4 | 161.4 | 151.0 | 124.8 | 75.0 | 28.8 | 32.8 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (570.9) |
| Other Non-Current Assets | 2,198.6 | 1,860.4 | 1,561.4 | 1,291.3 | 920.3 | 539.4 | 225.5 | 238.0 |
| Total Non-Current Assets | 2,376.3 | 2,029.7 | 1,728.3 | 1,448.5 | 1,051.4 | 614.5 | 254.3 | 270.7 |
| Total Assets | 2,614.2 | 2,259.3 | 1,946.2 | 1,605.7 | 1,068.4 | 725.8 | 433.9 | 333.1 |
| Current Liabilities | ||||||||
| Account Payables | 1.2 | 3.1 | 4.7 | 1.4 | 0.4 | 0.9 | 1.2 | 0.2 |
| Short-Term Debt | 0 | 239 | 80 | 113 | 64 | 0 | 0 | 0 |
| Deferred Revenue | 15.7 | 10.4 | 7.2 | 4.7 | 1.9 | 1.6 | 0.6 | (243.2) |
| Other Current Liabilities | 7.9 | 1.9 | 4.2 | 0.4 | 0 | 0.4 | 0.2 | 0.7 |
| Total Current Liabilities | 33.7 | 262.8 | 107.8 | 127.0 | 72.9 | 4.9 | 2.4 | 2.6 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 1,101.1 | 630.5 | 529.8 | 381.2 | 174.3 | 174.1 | 173.9 | 243.2 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.7 |
| Other Non-Current Liabilities | 5.7 | 3.1 | 4.7 | 3.5 | 2.6 | 1.8 | 0.5 | (2.8) |
| Total Non-Current Liabilities | 1,127.9 | 658.4 | 565.0 | 420.2 | 205.7 | 192.8 | 179.1 | 247.7 |
| Total Liabilities | 1,161.6 | 921.2 | 672.8 | 547.3 | 278.6 | 197.7 | 181.5 | 250.3 |
| Stockholders' Equity | ||||||||
| Common Stock | 0.9 | 0.8 | 0.7 | 0.6 | 0.4 | 0.3 | 0.1 | 82.7 |
| Retained Earnings | (251.9) | (188.0) | (112.3) | (66.9) | (35.1) | (7.5) | 0.0 | 0 |
| Accumulated Other Comprehensive Income | (4.6) | 10.2 | 8.9 | 23.7 | 4.1 | 0.2 | 0 | 0 |
| Total Stockholders' Equity | 1,446.0 | 1,331.0 | 1,264.9 | 1,048.8 | 779.2 | 494.1 | 164.5 | 82.7 |
| Total Liabilities & Equity | 2,614.2 | 2,259.3 | 1,946.2 | 1,605.7 | 1,068.4 | 725.8 | 433.9 | 333.1 |
| Debt Metrics | ||||||||
| Total Debt | 1,122.2 | 894.3 | 640.3 | 529.8 | 267.1 | 191.0 | 178.6 | 246.9 |
| Net Debt | 1,107.7 | 880.0 | 610.3 | 463.9 | 259.5 | 98.4 | 9.3 | 245.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | 6.9 | (12) | 6.9 | 8.2 | 3.1 | 0.2 | (8.1) | (20.3) |
| Depreciation & Amortization | 86.4 | 76.9 | 63.7 | 50.1 | 30.8 | 15.5 | 10.4 | 12.9 |
| Stock-Based Compensation | 5.9 | 5.7 | 4.8 | 4.8 | 3.7 | 2.5 | 0 | 0 |
| Change in Working Capital | 0.4 | (2.1) | 2.5 | (5.0) | 0.7 | (0.0) | (0.5) | 0.6 |
| Other Non-Cash Items | 9.9 | 21.8 | 2.3 | (7.4) | (7.0) | (5.3) | 4.2 | 15.7 |
| Operating Cash Flow | 109.5 | 90.2 | 80.2 | 50.6 | 31.5 | 12.7 | 6.0 | 8.9 |
| Investing Activities | ||||||||
| Capital Expenditure | (0.1) | (0.0) | (0.0) | (1.2) | (0.7) | (0.1) | (2.8) | (31.6) |
| Acquisitions | 0 | 0 | 0 | 0 | 410.2 | 0 | (166.7) | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | (441.3) | 0 | 259.8 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 31.1 | 0 | 77.6 | 9.6 |
| Other Investing Activities | (448.8) | (432.9) | (451.9) | (467.2) | (429.4) | (362.1) | (91.9) | (22.1) |
| Investing Cash Flow | (448.8) | (432.9) | (452.0) | (468.4) | (430.1) | (362.1) | 75.9 | (22.1) |
| Financing Activities | ||||||||
| Net Debt Issuance | 235.8 | 258.8 | 116.9 | 249.0 | 64 | 0 | (77.0) | 7.7 |
| Stock Repurchased | 0 | 0 | (0.7) | 0 | (0.5) | (0.3) | (164.7) | 0 |
| Dividends Paid | (70.6) | (63.8) | (51.8) | (40.0) | (30.2) | (8.8) | (5.6) | (10.0) |
| Other Financing Activities | (14.1) | (3.4) | (5.2) | (6.1) | (3.3) | (0.1) | 0.3 | 12.8 |
| Financing Cash Flow | 339.5 | 327.1 | 331.2 | 480.7 | 313.6 | 272.7 | (82.3) | 10.4 |
| Cash Position | ||||||||
| Net Change in Cash | 0.1 | (15.6) | (40.6) | 62.9 | (85.0) | (76.7) | (0.4) | (2.7) |
| Cash at Beginning | 14.3 | 29.9 | 70.5 | 7.6 | 92.6 | 169.3 | 1.9 | 4.7 |
| Cash at End | 14.5 | 14.3 | 29.9 | 70.5 | 7.6 | 92.6 | 1.6 | 1.9 |
| Free Cash Flow | 109.5 | 90.2 | 80.1 | 49.4 | 30.7 | 12.7 | 3.2 | (22.7) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 195.0 | 162.8 | 131.9 | 96.3 | 59.1 | 33.7 | 20.3 | 23.8 |
| Gross Profit | 175.6 | 145.0 | 115.0 | 83.7 | 52.6 | 28.0 | 18.6 | 22.1 |
| Operating Income | 67.5 | 48.4 | 31.2 | 14.6 | 7.0 | (3.2) | (0.1) | 0 |
| Net Income | 6.9 | (11.9) | 6.8 | 8.1 | 3.0 | 0.7 | (8.0) | (20.3) |
| EPS (Diluted) | 0.08 | -0.16 | 0.11 | 0.16 | 0.08 | 0.01 | -0.84 | -0.84 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 14.5 | 14.3 | 29.9 | 65.8 | 7.6 | 92.6 | 169.3 | 1.2 |
| Total Assets | 2,614.2 | 2,259.3 | 1,946.2 | 1,605.7 | 1,068.4 | 725.8 | 433.9 | 333.1 |
| Total Debt | 1,122.2 | 894.3 | 640.3 | 529.8 | 267.1 | 191.0 | 178.6 | 246.9 |
| Stockholders' Equity | 1,446.0 | 1,331.0 | 1,264.9 | 1,048.8 | 779.2 | 494.1 | 164.5 | 82.7 |
| Cash Flow | ||||||||
| Operating Cash Flow | 109.5 | 90.2 | 80.2 | 50.6 | 31.5 | 12.7 | 6.0 | 8.9 |
| Capital Expenditure | (0.1) | (0.0) | (0.0) | (1.2) | (0.7) | (0.1) | (2.8) | (31.6) |
| Free Cash Flow | 109.5 | 90.2 | 80.1 | 49.4 | 30.7 | 12.7 | 3.2 | (22.7) |