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Net-lease REIT owning single-tenant retail properties—convenience stores, restaurants and discount stores—leased on long-term contracts.
Net-lease REIT owning single-tenant retail properties—convenience stores, restaurants and discount stores—leased on long-term contracts.
Collects rent under long triple-net leases, where the tenant pays property taxes, insurance and upkeep, with fixed rent increases built in, so cash flow is steady and costs to the landlord are low. Growth depends on finding properties to buy at yields above its funding cost.
Moat: narrow (switching costs). Long triple-net leases with investment-grade-like tenants give predictable, low-capex cash flow.
Headquarters: Dallas, Texas, US · Founded: 2019 · Employees: 29
Size NETSTREIT (NTST) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $2.37B, the 1692nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $18.80 on 6 Nov 2026.
Performance Over six months the shares fell 9.1%, against -5.4% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 27.0% over the last twelve months (peer median +4.7%); the operating margin is 37.4% (peer median 38.7%).
Valuation It trades at 44.6× forward earnings against a peer median of 22.6× (6th most expensive of 20).
Short interest Short interest is 8.1% of the free float (15 Oct 2026).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $238M | $196M | $164M | $133M | $96.8M |
| Revenue growth | — | +20% | +23% | +37% | — |
| Gross profit | $113M | $89.4M | $68.5M | $51.8M | $34.5M |
| EBITDA | $191M | $155M | $126M | $95.6M | $65.2M |
| Net income | $21.7M | $6.90M | -$11.9M | $6.84M | $8.12M |
| Free cash flow | $102M | $100M | $49.8M | $1.32M | $27.0M |
| Capital expenditure | $31.7M | $9.48M | $40.3M | $78.8M | $23.6M |
| Total debt | $1.22B | $1.12B | $894M | $640M | $530M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| NETSTREIT NTST | $2.37B | -9% | +27% | 37% | 44.6× | n/a |
| Realty Income O | $56.1B | -4% | +11% | 46% | 36.0× | n/a |
| NNN REIT NNN | $7.89B | -7% | +7% | 61% | 19.6× | n/a |
| Agree Realty ADC | $9.09B | -8% | +18% | 48% | 35.9× | n/a |
| Four Corners Property Trust FCPT | $2.57B | -7% | +10% | 56% | 21.4× | n/a |
| Getty Realty GTY | $1.92B | -14% | +11% | 59% | 20.1× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NTST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.9% | +5.9% | 8th highest of 21 |
| 6-month return | -9.1% | -5.4% | 5th lowest of 21 |
| Distance from 52-week high | -16.3% | -12.9% | 5th lowest of 21 |
| Revenue growth (TTM) | +27.0% | +4.7% | 3rd highest of 21 |
| Operating margin | 37.4% | 38.7% | 10th lowest of 21 |
| Forward P/E | 44.6× | 22.6× | 6th most expensive of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| NETSTREIT NTST | United States | $2.37B | -9% | +27% | 37% | 44.6× | n/a | n/a |
| Japan Prime Realty Investment 8955.T | Japan | $2.37B | -7% | -13% | 39% | 21.2× | n/a | n/a |
| Pebblebrook Hotel Trust PEB | United States | $2.36B | +43% | +3% | 9% | n/a | n/a | n/a |
| Sunstone Hotel Investors SHO | United States | $2.33B | +19% | +7% | 10% | 59.0× | n/a | n/a |
| Advance Residence Investment 3269.T | Japan | $2.42B | -18% | -4% | 45% | 22.7× | n/a | n/a |
| SmartStop Self Storage REIT SMA | United States | $2.31B | +20% | +21% | 22% | 56.3× | n/a | n/a |
| InvenTrust Properties IVT | United States | $2.46B | +1% | +13% | 16% | 393.9× | n/a | n/a |
| Big Yellow BYG.L | United Kingdom | $2.50B | +11% | +2% | 62% | 16.5× | n/a | n/a |
| LTC Properties LTC | United States | $2.52B | +14% | +69% | 31% | 22.6× | n/a | n/a |
| Crombie Real Estate Investment Trust CRR-UN.TO | Canada | $2.22B | -3% | +4% | 42% | 26.3× | n/a | n/a |
| Boardwalk Real Estate Investment Trust BEI-UN.TO | Canada | $2.21B | -5% | +3% | 62% | 63.1× | n/a | n/a |
| CapitaLand Ascott Trust HMN.SI | Singapore | $2.55B | -6% | +5% | 34% | 18.9× | n/a | n/a |
| Four Corners Property Trust FCPT | United States | $2.57B | -7% | +10% | 56% | 21.4× | n/a | n/a |
| Urban Edge Properties UE | United States | $2.58B | -6% | +6% | 31% | 41.4× | n/a | n/a |
| Dream Industrial Real Estate Investment Trust DIR-UN.TO | Canada | $2.58B | -8% | +6% | 70% | 15.0× | n/a | n/a |
| Primaris Real Estate Investment Trust PMZ-UN.TO | Canada | $2.11B | +21% | +18% | 38% | 26.6× | n/a | n/a |
| Industrial & Infrastructure Fund Investment 3249.T | Japan | $2.07B | -12% | +36% | 37% | 16.8× | n/a | n/a |
| Acadia Realty Trust AKR | United States | $2.74B | -9% | 0% | 19% | 65.9× | n/a | n/a |
| Parkway Life Real Estate Investment Trust C2PU.SI | Singapore | $2.05B | 0% | +3% | 82% | 22.2× | n/a | n/a |
| Aroundtown AT1.DE | Germany | $2.04B | -32% | +1% | 60% | 5.9× | n/a | n/a |
| Frasers Logistics & Commercial Trust BUOU.SI | Singapore | $2.76B | -6% | 0% | 64% | 18.1× | n/a | n/a |